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
solmaris [256]
3 years ago
5

Laura owes $4759 on a credit card with a 20.9% interest rate compounded monthly. What is the monthly payment she should make in

order to pay off this debt in 3 years, assuming she does not charge any more purchases with the card?
Mathematics
2 answers:
Juliette [100K]3 years ago
8 0
This can be calculated using the formula:
P = L((r/n)*(1 + r/n)^(n*t))/((1 + r/n)^(n*t) - 1)
Where:
L = 4759
r = 0.209
n = 12
t = 3
So plugging in our data:P = 4759((0.209/12)*(1 + 0.209/12)^(12*3))/((1 + 0.209/12)^(12*3) - 1)
Which will give us the amount of: $179.05 is the monthly repayments.
Other info:
Total interest:$1,686.80
Total cost:$6,445.80
kotykmax [81]3 years ago
3 0
$4759:100%=$x:120.9%, 100*x=4759*120.9, x=(4759*120.9)/100, x=$5759.631  
With interest rate Laura owes $5759.31.
3yr*12mo=36mo
$5759/36mo=159.972$/mo
Laura's <span>monthly payment is $159.972 </span>
You might be interested in
Order of operation (-4)(-2)-6(2-5)
Crazy boy [7]

Answer:

Step-by-step explanation:

Are u stupid?

8 0
3 years ago
Given the system of equations presented here:
Nata [24]
2x + 4y = 14
4x + y = 20......multiply by -4
----------------
2x + 4y = 14
-16x - 4y = -80 (result of multiplying by -4)
---------------add
-14x = -66....as u can see, ur y's cancel out

so ur answer is : 1st answer choice <==

** and just so u know, u could have multiplied the 1st equation by -2, and it would have cancelled out ur x's
6 0
3 years ago
A bicycle wheel makes 5 revolutions. Determine how far the bicycle travels in feet. The diameter of the wheel is 32in.
Mashutka [201]
It's 13 feet I believe 
4 0
3 years ago
Read 2 more answers
Please Help me with this question will mark as Brainllest
Aleks [24]

Answer:

it is 72

Step-by-step explanation:

8 0
3 years ago
Help this is due today.
Vika [28.1K]
Dominic would be the answer because the exponents add together
7 0
3 years ago
Read 2 more answers
Other questions:
  • Writ the recurring decimal as 0.15 as a fraction in it's simplest form​
    15·1 answer
  • The cost of apples at foodtown is 3 for 69 cents, how many apples can I purchase for $30?
    10·1 answer
  • The loudness L(x) measured in decibels, of a sound of intensity x, measured in watts per square meter, is defined as L(x)=10 log
    5·1 answer
  • Distributive Property
    7·1 answer
  • A club has 36 members. If each member donates 12 items for an auction, how many items will there be in the auction?
    8·2 answers
  • Find the slope and y intercept<br><img src="https://tex.z-dn.net/?f=4x%20%2B%203y%20%3D%203" id="TexFormula1" title="4x + 3y = 3
    12·1 answer
  • Question 2 (1 point)
    7·2 answers
  • Write an argumentative essay for or against using public money to maintain national landmarks, such as the Gateway Arch in St. L
    9·2 answers
  • A set of Numbers is shown below.
    10·1 answer
  • N˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙˙n​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!