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zimovet [89]
3 years ago
8

Steve purchases a new car with a down payment and a loan at a 4.9% interest rate. His loan contract is for 60 months and has no

prepayment penalties. Steve makes all his payments on time. What should he do if he wants to pay his loan off before 60 months has passed?
make more than the minimum payments



use the down payment to pay down the loan



increase his auto insurance premiums to decrease the amount owed



pay the principal and interest due each month
Mathematics
2 answers:
Bumek [7]3 years ago
5 0

Answer:

Pay more than the required premiums

Step-by-step explanation:

The loan contract is of for 60 months. If Steve wants to repay the loan before 60 months , he need to pay more than the promised premiums.

In this way , the Steve will have more payment and as there is no prepayment charges, he will not be paying any penalties also. So the extra payment will help him to reduce the borrowed principle and thus thereby reducing the interest charged.

Hence out answer is option one , which says make more than the minimum payments

andre [41]3 years ago
4 0
Pay more than the minimum payments
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HELP 40 POINTS
Tom [10]
Answer: the function g(x) has the smallest minimum y-value.


Explanation:


1) The function f(x) = 3x² + 12x + 16 is a parabola.


The vertex of the parabola is the minimum or maximum on the parabola.


If the parabola open down then the vertex is a maximum, and if the parabola open upward the vertex is a minimum.


The sign of the coefficient of the quadratic term tells whether the parabola opens upward or downward.


When such coefficient is positive, the parabola opens upward (so it has a minimum); when the coefficient is negative the parabola opens downward (so it has a maximum).


Here the coefficient is positive (3), which tells that the vertex of the parabola is a miimum.


Then, finding the minimum value of the function is done by finding the vertex.

I will change the form of the function to the vertex form by completing squares:

Given: 3x² + 12x + 16

Group: (3x² + 12x) + 16
Common factor: 3 [x² + 4x ] + 16
Complete squares: 3[ ( x² + 4x + 4) - 4] + 16
Factor the trinomial: 3 [(x + 2)² - 4] + 16
Distributive property: 3 (x + 2)² - 12 + 16
Combine like terms: 3 (x + 2)² + 4

That is the vertex form: A(x - h)² + k, whch means that the vertex is (h,k) = (-2, 4).


Then the minimum value is 4 (when x = - 2).


2) The othe function is <span>g(x)= 2 *sin(x-pi)
</span>

The sine function goes from -1 to + 1, so the minimum value of sin(x - pi) is - 1.


When you multiply by 2, you just increased the amplitude of the function and obtain the new minimum value is 2 (-1) = - 2


Comparing the two minima, you have 4 vs - 2, and so the function g(x) has the smallest minimum y-value.

7 0
3 years ago
Billy charges $15 to mow a yard. He needs at least $200 for the new bicycle that he wants. Write and solve an inequality to find
Marta_Voda [28]
He has to mow 14 yard to get at least 200 but he will have 10 extra dollars.
3 0
3 years ago
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The 7th grade has 159 students. There are twice as many boys in the grade as there are girls.
aleksklad [387]

Answer:

106 boys

Step-by-step explanation:

7th grade = 159 students

Boys to girls ratio:

2:1

Find two thirds of 159:

2/3*159 = 106 boys

159-106= 53 girls

Check:

53*2 = 106

3 0
3 years ago
Read 2 more answers
HELP!! Im not sure what i did wrong!!
Igoryamba

I'm not sure what exactly you did wrong, but I agree with you that the sample size is too small, so the correct answer will probably be the fourth options. Hope that this gives you some confidence, and 'm sorry not to be able to help you any further...

7 0
3 years ago
Which of these is an example of a literal equation? A. 3x – 4y B. 12 = 9 + 3x C. 6 + 30 = 62 D. ax – by = k
nika2105 [10]
I think the answer is D.
8 0
3 years ago
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