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4 years ago

I need help on number 6 please

Mathematics

1 answer:

Gennadij [26K]4 years ago

3 0

Answer:

The full answer is in the media.Good luck!

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Ray Flagg took out a 60-month fixed installment loan of $12,000 to open a new pet store. He paid no money down and began makin

Alenkinab [10]

Answer:

Since the question is incomplete, I looked for similar questions:

a) determine apr of installment loan

b) how much interest will Ray save by paying off the loan early

c) what is the total amt due to pay off the loan?

a) first we will determine the effective rate:

PV annuity factor = loan / monthly payment

PV annuity factor = $12,000 / $221 = 54.2986

Using an annuity table, knowing that the number of periods is 60, we can see that the interest rate is 0.333%.

APR = 0.333% x 12 = 4%

b) I prepared an amortization schedule to determine Ray's balance after the 29th payment.

After the 29th payment, Ray's balance will be $6,498.54

in order to pay off the debt completely, he needs to pay $6,498.54 + $22.32 in interests = $6,520.86.

He will be able to save $331 in interests

c) $6,520.86

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6 0

3 years ago

Five thousand forty-eight ten-thousandths in a decimal ?

DochEvi [55]

Answer:

69.9 thats it . ur welcome

Step-by-step explanation:

can i get brainliest

6 0

3 years ago

Read 2 more answers

On a cross country road trip, Dani's family traveled 600 miles on a Friday and almost reached the Grand Canyon. On Saturday morn

Romashka-Z-Leto [24]

150 miles

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4 0

3 years ago

How is 15/45 equivalent to 45/135

crimeas [40]

45/135 can be simplified to 15/45 by dividing both the numerator and denominator by 3. To get from one fraction the next you multiplied them both by 3. 15 x 3 =45 45 x 3= 135

8 0

3 years ago

yan [13]

The unit cost of the fencing and the cost of a bag of mulch together with

the area and perimeter of the garden give a cost sum of $36.5.

Response:

The amount required to spend is <u>$36.5</u>

<h3>How does the unit cost determine the total cost?</h3>

Cost of the barrier per feet (unit cost) = $0.75

Area covered by one bag of mulch = 7 square feet

Cost of one bag of mulch (unit cost) = $5

From the given diagram, we have;

Area of the garden = 8 ft. × 2 ft. + 0.5 × 8 ft. × 3 ft. = 28 ft.²

$Number \ of \ bags \ of \ mulch \ required = \dfrac{28 \, ft.^2}{7 \, ft.^2/ bag} = \mathbf{ 4 \, bags}$

Length of fencing = 2 ft. + 8 ft. + 2 ft. + 5 ft. 5 ft. = 22 ft.

Amount to spend = 4 bags × $5 + 22 ft. × $0.75 =<u> $36.5</u>

Learn more about unit cost here:

brainly.com/question/8957825

5 0

2 years ago