3 years ago

Lauren owns a sign company. She borrows $75 000 to purchase a laser engraver. The

Mathematics

1 answer:

Vlad1618 [11]3 years ago

4 0

Answer:

$1,313.3 per month

Step-by-step explanation:

A=p(1+r/n)^nt

P=principal=$75,000

r=interest rate=7.2%=0.072

t=20 years

n=12 months

A=p(1+r/n)^nt

=75,000(1+0.072/12)^12*20

=75,000(1+0.006)^240

=75,000(1.006)^240

=75,000(4.2026)

=315,195

A=$315,195

The term of Lauren's loan=20 years

20 years×12 months=240 months

Lauren's pay per month =$315,195/240

=$1,313.3125

Approximately $1,313.3 per month

You might be interested in

Use the Pythagorean theorem to find the unknown side of the right<br>triangle

kramer

Answer:

Step-by-step explanation:

→ Utilise Pythagoras theorem

a² + b² = c²

→ Substitute in the values

10² + 24² = c²

→ Simplify

100 + 576 = c²

→ Simplify further

676 = c²

→ Square root both sides to isolate c

26 = c

7 0

3 years ago

Ok I have math hw , and we are doing solving systems of linear equations by graphing and i can’t find where these two lines inte

likoan [24]

Answer:

Line 1, y=-3, x=-3

Line 2, y=2, x=1 1/3

Step-by-step explanation:

6 0

3 years ago

When John bought his new computer he purchased an online computer help service. The help service has a yearly fee of 25.50 and a

Tems11 [23]

First you need to find out how much he spends each session which would be___?

6 0

3 years ago

PLeaSe HeLP!!! aSaP!!! WiLL MaRK BRaNLieST!!! Find all possible values of the digits Y, E, A, R if YYYY - EEE + AA - R = 1234, a

noname [10]

Answer:

Y = 2

E = 9

A = 1

R = 0

Step-by-step explanation:

2222 - 999 + 11 - 0 =1234

8 0

3 years ago

if angle 1 and angle 4 are supplementary which theorem leads to the conclusion that a is parallel to s

Lubov Fominskaja [6]

Answer:

Supplementary Angle's Theorem

Step-by-step explanation:

The supplementary angle theorem states that if two angles are said to be supplementary to the same angle, then the two angles are said to be congruent.

7 0

3 years ago