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Kamila [148]
3 years ago
6

You have a mortgage of $125,600.00 at a 4.95% APR. You make a payment of $1500.00 each month. What is your principal Balance at

the beginning of the third month?

Mathematics
1 answer:
kifflom [539]3 years ago
3 0

This sort of problem is most easily worked using a financial calcualtor or app. Attached is the result of using the financial app available on a TI-84 calculator for finding future value. The arguments to the function are ...

... N — number of payments: 3

... I — annual interest rate (%): 4.95

... PV — present value: the value of the loan, 125,600

... PMT — payment amount: -1500. The sign is negative because this is money we're paying out

... P/Y — payments per year: 12 (payment is monthly)

... C/Y — compounding per year: 12 (interest is compounded monthly)

After 3 payments, the balance is $122,642.13.

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Car Wash A theater group is having a carwash fundraiser. The liquid soap costs $31 and is enough to wash 40 cars. Each car is ch
zheka24 [161]

Answer:

A) Independent variable is "c"

Dependent variable is "p"

B) Yes, it's a function

C) p = 7c - 31

D)domain of the function: 0 ≤ c ≤ 40

Range of the function: 0 ≤ p ≤ 249

Step-by-step explanation:

A) c is the total number of cars washed and p is the profit. The profit depends on the total number of cars washed. Hence, profit(p) is the dependent variable while "c" is independent variable

B) Yes it's a function because for each number of cars washed, there is a distinct value of profit made.

C) We are told that the liquid soap costs $31 and is enough to wash 40 cars. Each car is charged 7$.

$31 is cost to wash one car. Thus profit made per car is;

p = 7c - 31

D) The cost of $31 liquid soap is enough to only wash a maximum of 40 cars. This means the domain for the cars is from 0 cars to 40 cars

Thus;

domain of the function is 0 ≤ c ≤ 40

The profit function is given in answer C above as p = 7c - 31.

Now, if 0 cars are washed they will make zero profit but if 40 cars are washed then;

p = 7(40) - 31

p = 280 - 31

p = 249

Range of the function: 0 ≤ p ≤ 249

8 0
2 years ago
In a certain isosceles right triangle, the altitude to the hypotenuse has length
Law Incorporation [45]

The angle bisector, median, and altitude are all the same things in an isosceles triangle.

That means that the legs of the smaller triangles created by the altitude are 4 root 2.

By special properties of an right triangle, the hypotenuse is 8.

Since the legs of the original right triangle are congruent, the area of the original triangle is 8*8/2.

Now we just simplify:

8*8/2=64/2=32

8 0
3 years ago
Please solve and explain the problem below
Digiron [165]

Answer:

The car would have to sell for $20,000

Step-by-step explanation:

7 0
3 years ago
The water level at your dock is 5 ft above sea level. The tide goes out and the water decreases by 8 ft. What integer represents
Tanya [424]

Answer:

-3

Step-by-step explanation:

4 0
2 years ago
Read 2 more answers
If j and k are nonzero integers, which pair of points must lie in the same quadrant?
Marizza181 [45]
<h3>Answer:  Choice D.   (3j, 3k)  and (3/j, 3/k)</h3>

The slash indicates a fraction.

=============================================

Proof:

We'll need to consider 4 different cases.

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

Case (1): j > 0 and k > 0

If j > 0, then 3j > 0 and 3/j > 0

If k > 0, then 3k > 0 and 3/k > 0

The two points (3j, 3k) and (3/j, 3/k) are both in quadrant 1.

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

Case (2): j > 0 and k < 0

If j > 0, then 3j > 0 and 3/j > 0

If k < 0, then 3k < 0 and 3/k < 0

Points (3j, 3k) and (3/j, 3/k) are both in quadrant 4.

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

Case (3): j < 0 and k > 0

If j < 0, then 3j < 0 and 3/j < 0

If k > 0, then 3k > 0 and 3/k > 0

Points (3j, 3k) and (3/j, 3/k) are in quadrant 3.

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

Case (4): j < 0 and k < 0

If j < 0, then 3j < 0 and 3/j < 0

If k < 0, then 3k < 0 and 3/k < 0

Points (3j, 3k) and (3/j, 3/k) are in quadrant 4.

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

For nonzero integers j and k, we've shown that Points (3j, 3k) and (3/j, 3/k) are in the same quadrant. This concludes the proof.

8 0
2 years ago
Read 2 more answers
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