1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
What two numbers add to 8 and multiply to 28
anygoal [31]
Find numbers that multiply to 28 and add them to see if they add to 8
28=
1 and 28=29 not 8
2 and 14=16 not 8
4 and 7=11 not 8
that's it'
no 2 numbers
we must use quadratic formula

x+y=8
xy=28

x+y=8
subtract x fromb oths ides
y=8-x
subsitute
x(8-x)=28
distribute
8x-x^2=28
add x^2 to both sides
8x=28+x^2
subtract 8x
x^2-8x+28=0

if you have
ax^2+bx+c=0 then x=\frac{-b+/- \sqrt{b^{2}-4ac} }{2a}
so if we have
1x^2-8+28=0 then
a=1
b=-8
c=28

x=\frac{-(-8)+/- \sqrt{(-8)^{2}-4(1)(28)} }{2(1)}
x=\frac{8+/- \sqrt{-48} }{2}
x=\frac{8+/- 4 \sqrt{-3} }{2}
x=4+/- 2 \sqrt{-3}
x=4+/- 2i \sqrt{3}
there are no real numbers that satisfy this
5 0
3 years ago
Find the value of x in 5rasised to power x=125
mestny [16]
5^3=125
Hope this helps

7 0
3 years ago
Read 2 more answers
Philip wants to know the weight of a book to within half a gram. His weighing scales only weigh to within 10 grammes.
Andrei [34K]

Answer:

f(x) = x2 – p(x + 1) – c, then (α + 1)(β + 1)f(x) = x2 – p(x + 1) – c, then (α + 1)(β + 1)f(x) = x2 – p(x + 1) – c, then (α + 1)(β + 1)f(x) = x2 – p(x + 1) – c, then (α + 1)(β + 1)f(x) = x2 – p(x + 1) – c, then (α + 1)(β + 1)f(x) = x2 – p(x + 1) – c, then (α + 1)(β + 1)

Step-by-step explanation:

8 0
3 years ago
What is 12x12x14 equal to?
solmaris [256]

Answer:

The answer is 2016.

Step-by-step explanation:

12 times 12 = 144.

144 times 14 = 2016.

I hope this helps you. Have a nice day.

7 0
3 years ago
Read 2 more answers
Help me please with my math
motikmotik

Answer:

P = 47.1 units

Step-by-step explanation:

the perimeter of the pair of straight opposite sides is 11+11, or 22

now you have 2 semi-circles, which equals 1 full circle which, if we find the circumference to then we just add it to 22 to get the entire answer

Circumference of circle with diameter of 8:

C = 2πr

C = 2π(4)

C = 8π

C = 25.13

now add 22 + 25.13 to get 47.1 rounded to nearest tenths place

5 0
2 years ago
Other questions:
  • What is the intersection of planes D E C and B E C?
    13·1 answer
  • {(−1, 5), (2, 8), (5, 3), (13, −4)} what are the range
    10·1 answer
  • A=pir^2 solve for pi
    8·1 answer
  • Is 4/100 greater than 0.2
    10·1 answer
  • A parabola can be represented by the equation y2 = 12x.
    6·1 answer
  • Draw the image ABC under a translation by 3 units to the left and 3 units down​
    5·1 answer
  • What is the surface area of the rectangular prism below? 8 19 8​
    14·1 answer
  • 4) easy- solve for x
    11·2 answers
  • What is this number in expanded form?
    7·2 answers
  • Draw two segments. How many common points is it possible for the segments to have? Explore all possibilities.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!