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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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A farmer has one square mile land . If he divides his land into square fields that are 1/4 mile long and 1/4 mile wide,how many
White raven [17]

A square field that is 1/4 mile long and 1/4 mile wide has area

\dfrac{1}{4} \cdot \dfrac{1}{4} = \dfrac{1}{16}

So, to know how many of these fields fit in the biggest field, you have to divide their areas:

\dfrac{1}{\frac{1}{16}} = 16

So, if the farmer divides his land into square fields that are 1/4 mile long and 1/4 mile wide, he will have 16 of these smaller fields.

8 0
2 years ago
seven less than the product of twice a number is greater than 5 more the same number which integer satisfies this inequality
JulsSmile [24]
To answer this question, we would have to use algebra.

Let the unknown number be A.

Now, as per the question, we have the equation -> 
2A - 7 > 5 + A
==> 2A - A > 5+7
==> A > 12

So, the final answer is --> A > 12

4 0
3 years ago
Read 2 more answers
Suppose that 40 percent of the drivers stopped at State Police checkpoints in Storrs on Spring Weekend show evidence of driving
lesantik [10]

Answer:

a) 0.778

b) 0.9222

c) 0.6826

d) 0.3174

e) 2 drivers

Step-by-step explanation:

Given:

Sample size, n = 5

P = 40% = 0.4

a) Probability that none of the drivers shows evidence of intoxication.

P(x=0) = ^nC_x P^x (1-P)^n^-^x

P(x=0) = ^5C_0  (0.4)^0 (1-0.4)^5^-^0

P(x=0) = ^5C_0 (0.4)^0 (0.60)^5

P(x=0) = 0.778

b) Probability that at least one of the drivers shows evidence of intoxication would be:

P(X ≥ 1) = 1 - P(X < 1)

= 1 - P(X = 0)

= 1 - ^5C_0 (0.4)^0 * (0.6)^5

= 1 - 0.0778

= 0.9222

c) The probability that at most two of the drivers show evidence of intoxication.

P(x≤2) = P(X = 0) + P(X = 1) + P(X = 2)

^5C_0  (0.4)^0  (0.6)^5 + ^5C_1  (0.4)^1  (0.6)^4 + ^5C_2  (0.4)^2  (0.6)^3

= 0.6826

d) Probability that more than two of the drivers show evidence of intoxication.

P(x>2) = 1 - P(X ≤ 2)

= 1 - [^5C_0  (0.4)^0  (0.6)^5 + ^5C_1  (0.4)^1  (0.6)^4 + ^5C_2 * (0.4)^2  (0.6)^3]

= 1 - 0.6826

= 0.3174

e) Expected number of intoxicated drivers.

To find this, use:

Sample size multiplied by sample proportion

n * p

= 5 * 0.40

= 2

Expected number of intoxicated drivers would be 2

7 0
2 years ago
Plss help me TT
Marina CMI [18]

a. There are 0 or 2 real positive roots for the equation and

b. There are 0 or 2 real negative roots for the equation.

<h3>What is the Descartes'rule of sign?</h3>

Descartes' rule of sign states that

  • The number of real positive zero of a polynomial f(x) is the number of sign changes of the coefficients of f(x) or an even number less than the number of sign changes of the coefficients of f(x)
  • The number of real negative zero of a polynomial f(x) is the number of sign changes of the coefficients of f(-x) or an even number less than the number of sign changes of the coefficients of f(-x)

<h3>How to find the number of possible positive and negative roots are there for the equation?</h3>

Given the equation 0 = −8x¹⁰ − 2x⁷ + 8x⁴ − 4x² − 1, writing it as a polynomial function, we have f(x) = −8x¹⁰ − 2x⁷ + 8x⁴ − 4x² − 1

<h3>a. The number of positive roots</h3>

So, to find the number of positive roots, we find the number of sign changes of the polynomial f(x).

So, f(x) = −8x¹⁰ − 2x⁷ + 8x⁴ − 4x² − 1

Since f(x) has coefficients -8, -2, + 8, -4, -1, there are two sign changes from -2 to + 8 and from + 8 to -4.

So, there are 2 or 2 - 2 = 0 real positive roots.

So, there are 0 or 2 real positive roots for the equation.

<h3>b. The number of negative roots</h3>

So, to find the number of negative roots, we find the number of sign changes of the polynomial f(-x).

So, f(-x) = −8(-x)¹⁰ − 2(-x)⁷ + 8(-x)⁴ − 4(-x)² − 1

= −8x¹⁰ + 2x⁷ + 8x⁴ − 4x² − 1

Since f(x) has coefficients -8, +2, + 8, -4, -1, there are two sign changes from -8 to + 2 and from + 8 to -4.

So, there are 2 or 2 - 2 = 0 real negative roots.

So, there are 0 or 2 real negative roots for the equation.

So,

  • There are 0 or 2 real positive roots for the equation and
  • There are 0 or 2 real negative roots for the equation.

Learn more about Descartes' rule of sign here:

brainly.com/question/28487633

#SPJ1

8 0
1 year ago
Amanda is practicing her dives off the diving board. When she dives into the water, the path her body makes and where she resurf
Vilka [71]

Answer:

The number of feet she will travel back is 1 or 7 feet

Step-by-step explanation:

Here, we need to solve the quadratic equation

That will be as follows;

0 = x^2 -8x + 7

x^2-x-7x+ 7 = 0

x(x-1)-7(x-1) = 0

(x-1)(x-7) = 0

x = 1 or 7

The number of feet she will travel before coming back to the surface of the water is 1 or 7 feet

6 0
2 years ago
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