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seropon [69]
3 years ago
10

Frederick took out a 20-year loan for $70,000 at an APR of 2.2%, compounded monthly. Approximately how much would he save if he

paid it off ...
Mathematics
2 answers:
Karolina [17]3 years ago
8 0

70,000 * (1+.022/12)^(12*20)

70,000 * (1.552081849 = 108,645.73


108,645.73 - 70,000 = $38,645.73 in interest in 20 years


stich3 [128]3 years ago
5 0

70,000 * (1+.022/12)^(12*20)

70,000 * (1.552081849 = 108,645.73


108,645.73 - 70,000 = $38,645.73 in interest in 20 years

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Vaselesa [24]

Answer:

(a) We will form an equation of line from the points given (6,10) and (2,15)

Using:y-y_1=\frac{y_2-y_1}{x_2-x_1}\cdot (x-x_1)

On substituting the values in the formula above we will get the required equation of line.

y-10=\frac{15-10}{2-6}\cdot (x-6)

\Rightarrow y-10=\frac{5}{-4}\cdot (x-6)

On simplification we will get:

y=\frac{1}{4}(-5x+70)

(b) We need to tell at day 0 put x=0 in above equation:

y=\frac{1}{4}(-5\cdot 0+70)

y=70

Anika worked for 70 hours on the set up crew on the day the fair arrived at the fairgrounds day 0.

Now, we need to tell decrease per day which is equal to the slope of line

To find the slope compare the equation with general equation which is y=mx+c where m is slope

Here, in y=\frac{1}{4}(-5x+70)

m=\frac{-5}{4}  which is the decrease per day.


3 0
3 years ago
Can you guys help me?
fiasKO [112]
16.
1/2= 0.5 and it takes 16 months to get to 8 inches.
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8 0
2 years ago
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Goshia [24]

Answer:

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Step-by-step explanation:

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Given that 6 x − 7 y = 22 Find y when x = − 1
kykrilka [37]

Answer

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Step-by-step explanation:

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qwelly [4]

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9x100=900

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