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
Karo-lina-s [1.5K]
3 years ago
6

An amount of $21,000 is borrowed for 10 years at 3.25% interest, compounded annually. If the loan is paid in full at the end of

that period, how much must be paid back?

Mathematics
1 answer:
Yanka [14]3 years ago
4 0
The formula for total loan cost is attached.
10 years = 120 payments
MONTHLY Interest = .0325 / 12 = <span> <span> <span> 0.0027083333 </span> </span> </span>

total = <span>0.0027083333 * 21,000 * 120 / (1-(1</span><span><span>.0027083333)-120 </span> </span>
total = 6,825 / (1- <span> <span> <span> 0.7228448406 </span> </span> </span> )
total = 6,825 / <span> <span> <span> 0.2771551594 </span> </span> </span>
total = <span> <span> <span> 24,625.20 </span> </span> </span>


You might be interested in
3 Jazmin is mailing two packages. One package weighs 3 pounds, and the other package weighs 20 ounces. What is the total weight
Angelina_Jolie [31]

Answer:

68oz

Step-by-step explanation:

1) 3lbs x 16oz = 48

Now we know 3lbs is 48oz. since one pound is 16 ounces, 3 pounds is 48 ounces.

2) 48 + 20 = 68oz

3) The total weight of both packages is 68 ounces.

Jesus loves ya, have a great day!

---------------------

John 8:12 - When Jesus spoke again to the people, he said, "I am the light of the world. Whoever follows me will never walk in darkness, but will have the light of life."

8 0
3 years ago
When a decimal is written in word form, what indicates that the equivalent form is a mixed number and not a fraction?
Ede4ka [16]
<span>If you are reading a story problem that says one and a half this would indicate the mixed number 11/2 or the decimal 1.5, which are all equivalent.</span>
7 0
3 years ago
Find the distance between points P(5, 1) and Q(1, 3) to the nearest tenth.
bonufazy [111]

Answer:

Idk if its multiple choice but you can do 1 of 2 ways theres using distance formula =√(5-3)sq+(1-4)sq

=√4+9

=√13 <--

or

3.6 units

Given: The two points that are P(5,1) and Q(3,4).

To find: The distance between these two points.

Solution: It is given that there are two points that are P(5,1) and Q(3,4).

The distance between these two points can be found out as using the distance formula that is: 3.6

Thus, the distance between the given two points is 3.6 units.

So you choose 13 or 3.6 Hope this helps :)

3 0
3 years ago
Solve for length AB , when A (-3,6) and B (-5,2)
Artyom0805 [142]

Answer:

you use the pythagorean theorem

Step-by-step explanation:

P.S. im not doing your hw

4 0
3 years ago
Someone please help me on number 5
NemiM [27]
I'm pretty sure it's 22%
If it's not, then I'm sorry!!
3 0
3 years ago
Read 2 more answers
Other questions:
  • What is the decimal equivalent of 56%? a. .056 b. .56 c. .0056 d. 5.60
    12·1 answer
  • A new cream that advertises that it can reduce wrinkles and improve skin was subject to a recent study. A sample of 53 women ove
    6·1 answer
  • What is the value of 63,108 divide by 72
    9·2 answers
  • Solve the equation <br>-x+8+3x=x-6​
    10·2 answers
  • Help me solve this proportional<br>equation <br><img src="https://tex.z-dn.net/?f=%20%5Cfrac%7B9%20%2B%20x%7D%7B9%7D%20%20%3D%20
    12·1 answer
  • Anna put $2 500 in a bank and left it for two years. At the end of the 2 years, she realized that she had $2.700 in her
    10·1 answer
  • A factory worker earns $150 each day plus $5.25 for each widget that he makes. If he earned $370.50 for one day of work, how man
    15·1 answer
  • Which of the following values satisfies the pythagoean theorem for the right triangle below?
    13·1 answer
  • 7sin^2x+sinx-6=0<br><br> Does any one know the answer to this and how to solve???
    7·1 answer
  • 5 screwdrivers were sold each week for every 2 cordless drills. If 14 cordless drills were sold last week, how many screwdrivers
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!