First find the amount of each payment:
$35,125 = P(\frac{(1+i)^{40} -1}{i (1+i)^{40}}) , i = \frac{.0744}{4} \\ \\ P = 1252.70$

The total cost will be 40 payments plus service charges.
$40*1252.70 + 5180.70 = 55,288.90$

The percentage is the service charge divided by total cost:
$X = \frac{5180.70}{ 55,288.90} = .0937 = 9.37\%$

7 0

2 years ago

I NEED HELP ASAP SOMEONE HELP ME PLEASE, I MEDD SOMEONE WHO CAN HELP ME WITH THE REST OF MY QUESTIONS

Vikentia [17]

Answer:

Step-by-step explanation:

K(0 , 4)

Midpoint M (3 , 3)

Let Point L(x₂ , y₂)

$Midpoint= (\frac{x_{1}+x_{2}}{2},\frac{y_{1}+y_{2}}{2}\\\\\\ (\frac{x_{1}+x_{2}}{2},\frac{y_{1}+y_{2}}{2}) = (3 , 3)\\\\\\ (\frac{0+x_{2}}{2},\frac{4+y_{2}}{2}) = ( 3 , 3)\\\\\\$

Compare x and y coordinates

$\frac{x_{2}}{2}=3 ; \frac{4+y_{2}}{2} = 3$

Cross multiply,

x₂ = 3*2 ; 4 + y₂ = 3*2

x₂ = 6 ; 4+ y₂ = 6

y₂ = 6- 4

y₂ = 2

L(6 , 2)

8 0

3 years ago

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