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
Svetradugi [14.3K]
3 years ago
8

Greta takes out a loan of $35,000 the rate of compound interest is 2% per month after 6 months she wants to pay off the loan and

the interest. a: how much must she pay altogether? b:how much of what she pays is interest . (with working out please)
Mathematics
1 answer:
zimovet [89]3 years ago
4 0
To solve this problem, we must use the Time Value of Money equation.

Future Value = Present Value * (1 + interest rate per month)^number of months

F = 35,000 * (1.02)^6 = 39,415.68

A. She will have to pay $39,415.68 altogether.

To find payment in interest, we must subtract the initial loan of $35,000 from $39,415.68

39,415.68 - 35,000 = 4,415.68

B. She will have to pay $4,415.68 in interest.


You might be interested in
What is the value of 7 to the 4th power
zhenek [66]

Answer:

The value is 2401

Step-by-step explanation:

First we need to understand what's means 7 to the 4th power, or 7^4.

7 is the power base, the power base is the number that we are going to repeat the number of times the exponent says.

4 is the exponent, which will tell us how many times to multiply 7.

So , then we would have

1)                7 x 7 x 7 x 7

2)                  49 x 7 x 7

3)                     343 x 7

4)      finally       2401

3 0
3 years ago
Convert 780 cubic feet into gallons round answer to the nearest whole number
Allushta [10]

Answer: 5,835 gallons

6 0
2 years ago
I already know the answer but I need someone to explain to me how to get the answer. You get 50 POINTS
Semmy [17]

Answer: look at the graph it shows you the answer

Step-by-step explanation:

can i get a brainliest

3 0
3 years ago
Find the coefficient of x2 in ( 4+ 4x2)( 3x2–5).
algol13

Answer:

- 8

Step-by-step explanation:

Given

(4 +4 x²)(3x² - 5)

Each term in the second factor is multiplied by each term in the first factor, that is

4(3x² - 5) + 4x²(3x² - 5) ← distribute parenthesis

= 12x² - 20 + 12x^{4} - 20x² ← collect like terms

= 12x^{4} - 8x² - 20

with coefficient of x² term being - 8

8 0
2 years ago
Are corresponding sides and angles equal
andrezito [222]
Yes they are equivalent
8 0
2 years ago
Other questions:
  • A health food store makes trail mix using dried fruit and nuts. The cost of the dried fruit is $2.50 per
    6·1 answer
  • PLEASEEEEE HELPPPPPPP
    5·1 answer
  • What linear function represents the line given by the point slope equation y+7= 2/3(x+6)?
    15·2 answers
  • M
    6·1 answer
  • Can anyone help me ?
    7·1 answer
  • HELP!!!!PLZ!!!ASAP!!!
    12·2 answers
  • Sammies room is 20 feet long and 12 feet wide her parents want to cover the floor with tiles. If they choose to use tiles with w
    10·2 answers
  • If b=24 and c=10 what is for the missing side a= ? by Use the Pythagorean Theorem to find.
    12·1 answer
  • PLS HELP THIS THE ANSWER To travel between Pembroke and Quinnville, a person can choose one of two routes.
    15·1 answer
  • How many milliliters are equal to 6.189 liters?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!