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sineoko [7]
3 years ago
7

Luke’s luck changed, and he was able to enroll full-time again. He has become employed full-time and earns $40 per hour. Becomin

g employed full-time will help him repay the $35,000 he borrowed in direct student loans at 4.66%. Because all students who borrow direct loans are placed into the standard repayment plan when entering repayment by the Department of Education, Luke looked into the details. He realized the cost benefit and chose to remain in this plan, it is the shortest in length and students pay the least amount of interest. After doing some calculations, he estimated his monthly payment will be $365, which includes principal and interest. In order for Luke to be able to afford his repayment under the Standard plan comfortably, he will need to allocate 12% of his paycheck
How much does Luke need to earn per year (at least) to comfortably afford his repayment if he needs to allocate 12% of his paycheck?

Mathematics
2 answers:
Alexxx [7]3 years ago
5 0
This question is phrased a little weirdly, so it would be a good idea to highlight all the key info so that you don’t get confused! I think this is how your work out the right answer, hope it helps :)

GuDViN [60]3 years ago
4 0

Answer:

Luke gets 36,500 per year

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At a carnival, food tickets cost $2 each and ride tickets cost $3 each. A total of $1,240 was collected at the carnival. The num
Viktor [21]

The given equations satisfy the given conditions. There are 2 equations and 2 unknowns, so a certain solution can be found.

This can be solved using substitution,

Substituting eqn 2 to eqn 1:

2(2y – 10) + 3y =1240

Simplifying,

y = 180

x = 350

7 0
3 years ago
29.8725 rounded to the nearest hundredth
Alex Ar [27]

Answer:

29.87

Step-by-step explanation:

4 0
2 years ago
Jerome recently moved to a new city and bought a home. The assessment rate is 51%. The property tax rate is $53.26 per $1000. Wh
mrs_skeptik [129]
Given:
assessment rate = 51%
tax rate = 53.26 per 1,000

53.26 / 1000 = 0.05326
0.05326 x 100% = 5.326%

Effective tax rate = assessment rate * tax rate
ETR = 51% * 5.326%
ETR = 2.72%



8 0
3 years ago
Which equation, when solved, results in a different value of x than the other three?
kicyunya [14]
I would have to say -7(1/8)x-4/3=20.


The first and the second one both result in
-23 5/7

The last one results in -24 8/21

but the third one is -22 3/8.

So your answer is either the third of the last one. I assumed the third because, it is lower than all others and the first two are closer to 24 than they are to 22. It’s your choice on how to judge it.
5 0
2 years ago
After the party, 3 1⁄4 pecan pies remained. The next day, Edward's family ate 1 1⁄4 of a pie. How many pecan pies were left?
vlabodo [156]

Answer:

2

Step-by-step explanation:

Because 3-1 is 2 and 1/4-1/4=0

So 2

4 0
2 years ago
Read 2 more answers
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