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Lady bird [3.3K]
3 years ago
12

Charlie cannot remember how much he financed to buy his car. He does remember that his monthly payment is $200. His add-on inter

est rate was 9% and he made a total of 30 payments. Find the amount of his loan to the nearest penny.
Mathematics
1 answer:
Mazyrski [523]3 years ago
5 0
First find the total payments
Total paid
200×30=6,000 (this is the future value)

Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
−1)÷(0.09÷12))
=179.09 (this is the monthly payment)

Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
Pv present value or the amount of his loan?
PMT monthly payment 179.09
R interest rate 0.09
N 30
K compounded monthly 12
Pv=179.09×((1−(1+0.09÷12)^(
−30))÷(0.09÷12))
=4,795.15

The answer is 4795.15
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zmey [24]

Answer:

1.6 hours for each group

Step-by-step explanation:

8 / 5 = 1.6

1.6 x 5 = 8

you have to share 8 hours equally among 5 groups so its just 8 / 5 and you get 1.6 and thats how many hours each team is going to get

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3 years ago
A triangle has vertices at (2, 3), (-4, 5), and (-3, 4). What are the coordinates of the vertices
elena-s [515]

(2,3) \longrightarrow (2+1, 3-3)=\boxed{(3,0)}\\(-4,5) \longrightarrow (-4+1, 5-3)=\boxed{(-3, 2)}\\(-3,4) \longrightarrow (-3+1, 4-3)=\boxed{(-2, 1)}

3 0
2 years ago
Which equation could have been used to create this graph?
Mekhanik [1.2K]
B.) y=3x
The slope of a given line is defined by <em>y=mx+b</em>, where b is the y-intercept (the point at which the line crosses the y-axis) and m is the slope (rise/run). We see that the y-intercept is 0 (because the line hits the y-axis at 0) and the slope is 3 (rise=3 and run=1, so 3/1=3).

:)
5 0
3 years ago
Read 2 more answers
100 POINTS+ BRAINLYEST❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️
Karo-lina-s [1.5K]

Step-by-step explanation:

The vertex form of a parabola can be written as

y =  {a(x - h)}^{2}  + k

where (h, k) are the coordinates of the parabola's vertex. The vertices of the functions are as follows:

a) (3, 5)

b) (-7, 3)

c) (4, 0)

d) (0, -1)

e) (-1, -5)

f) (-1, -5)

7 0
3 years ago
Can anyone help? Thank you.
Tcecarenko [31]

Answer:

  91.8 ft

Step-by-step explanation:

So we can talk about the diagram, let's name a couple of points. The base of the tree is point T, and the top of the tree is point H. We want to find the length of TH given the length AB and the angles HAT and ABT.

The tangent function is useful here. By its definition, we know that ...

  TA/BA = tan(∠ABT)

and

  TH/TA = tan(∠HAT)

Then we can solve for TH by substituting for TA. From the first equation, ...

  TA = BA·tan(∠ABT)

From the second equation, ...

  TH = TA·tan(∠HAT) = (BA·tan(∠ABT))·tan(∠HAT)

Filling in the values, we get ...

  TH = (24.8 ft)tan(87.3°)tan(9.9°) ≈ 91.8 ft

The height <em>h</em> of the tree is about 91.8 ft.

6 0
3 years ago
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