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Rom4ik [11]
3 years ago
14

Your company has just taken out a 1-year installment loan for $72,500 at a nominal rate of 20.0% but with equal end-of-month pay

ments. What percentage of the 2nd monthly payment will go toward the repayment of principal?
Mathematics
1 answer:
Mariulka [41]3 years ago
3 0

Answer:

100% of the 2nd monthly payment go toward the repayment of principal.

Step-by-step explanation:

The loan taken is the Principal which is mentioned as $72,500 with interest at a nominal rate of 20%. Firstly, it is important to understand that nominal rate means <em>non-compounding </em>rate. Simply put will be a "<em>one-time charged" </em>rate on the loan. Since this is given as 20% of the Principal. It is calculated thus: \frac{20}{100} × \frac{72,500}{1}= $14,500. So the interest on the loan is $14,500. Added to the Principal the total amount to be paid back by the company becomes: $72,500 + $14,500 = $87,000. To pay back this amount at equal end-of-month installments in 1 year (12 months), we divide the total amount by 12. i.e \frac{87000}{12} = $7250. This means, the monthly payment will be $7,250. Since the monthly payment pays only 10% of the initial principal $72,500. By the second month only 20% of the Principal would have been paid. So all of the monthly payment will go towards repaying the principal

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Which of the following is equivalent to tan2θcos(2θ) for all values of θ for which tan2θcos(2θ) is defined?
Aloiza [94]

Answer:

2sin²θ - tan²θ

Step-by-step explanation:

Given

tan²θcos(2θ)

Required

Simplify

We start by simplifying cos(2θ)

cos(2θ) = cos(θ+θ)

From Cosine formula

cos(A+A) = cosAcosA - sinAsinA

cos(A+A) = cos²A - sin²A

By comparison

cos(2θ) = cos(θ+θ)

cos(2θ) = cos²θ - sin²θ ----- equation 1

Recall that cos²θ + sin²θ = 1

Make sin²θ the subject of formula

sin²θ = 1 - cos²θ

Substitute sin²θ = 1 - cos²θ in equation 1

cos(2θ) = cos²θ - (1 - cos²θ)

cos(2θ) = cos²θ - 1 +cos²θ

cos(2θ) = cos²θ + cos²θ - 1

cos(2θ) = 2cos²θ - 1

Substitute 2cos²θ - 1 for cos(2θ) in the given question

tan²θcos(2θ) becomes

tan²θ(2cos²θ - 1)

Open brackets

2cos²θtan²θ - tan²θ

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

Simplify tan²θ

tan²θ = (tanθ)²

Recall that tanθ =  sinθ/cosθ

So, we have

tan²θ = (sinθ/cosθ)²

tan²θ = sin²θ/cos²θ

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

Substitute sin²θ/cos²θ for tan²θ

2cos²θtan²θ - tan²θ becomes

2cos²θ(sin²θ/cos²θ) - tan²θ

Open bracket (cos²θ will cancel out cos²θ) to give

2(sin²θ) - tan²θ

2sin²θ - tan²θ

Hence, the simplification of tan²θcos(2θ) is 2sin²θ - tan²θ

Option E is correct

7 0
2 years ago
How many sets of 7 questions can be chosen from a file of 25 questions?
likoan [24]
If all 25 questions are different,

When order of selection counts:
P(25,7)
=25!/(25-7)!
=15511210043330985984000000/6402373705728000
=2422728000

When order of selection does not count count:
C(25,7)
=25!/(7!*(25-7)!)
=15511210043330985984000000/(6402373705728000*5040)
=480700

3 0
3 years ago
at five pm a four foot mailbox casts a shadow six feet long at the same time a tree cast a shadow 36 feet Long bhow tall is the
Andrej [43]

So the 4ft mailbox’s shadow was six feet. That 2ft longer. According to my logic if the tree had a showdown of 36ft we subtract 2ft. The trees actual size is 34ft.

I might be wrong don’t hate me :(

5 0
2 years ago
Verizon offers two billing plans for local calls. Plan 1 charges $30 per month for unlimited calls, and Plan 2 charges $11 per m
rodikova [14]

Answer:

Number of monthly calls = 475

Step-by-step explanation:

Given:

Plan 1 = $30 per month unlimited calls

Plan 2 = $11 + $0.04(per call)

Find:

Number of monthly calls, plan 1 better than plan 2

Computation:

Plan 1 (Cost) < Plan 2 (Cost)

30 < 11 + 0.04(x)

19 < 0.04(x)

475 < (x)

Number of monthly calls = 475

6 0
2 years ago
Ari said there are three possible outcomes when you spin this spinner twice: two reds, a yellow and a red, or two yellows.
EastWind [94]

Answer:

From inspection of the diagram, we can see that the spinner is divided into <u>4 equal parts</u>, where 3 parts are red and 1 part is yellow.

\sf Probability\:of\:an\:event\:occurring = \dfrac{Number\:of\:ways\:it\:can\:occur}{Total\:number\:of\:possible\:outcomes}

Therefore,

\implies \textsf{Probability of getting a red} = \sf \dfrac{3}{4}

\implies \textsf{Probability of getting a yellow} = \sf \dfrac{1}{4}

<u>Multiplication Rule for Independent Events</u>

For independent events A and B:

  • \sf P(A\:and\:B)=P(A) \times P(B)

Therefore,

\begin{aligned}\implies \sf P(yellow\:and\:yellow) & = \sf P(yellow) \times P(yellow)\\\\ & = \sf \dfrac{1}{4} \times \dfrac{1}{4}\\\\ & = \sf \dfrac{1}{16}\end{aligned}

<h3><u>Conclusion</u></h3>

Ari is incorrect.  The spinner is divided into 4 parts, where only one part is yellow.  Therefore, the probability of spinning a yellow is 1/4.  As the events are independent, the Multiplication Rule should be used to calculate the probability of spinning 2 yellows.  So the probability of spinning 2 yellows is 1/4 x 1/4 = 1/16.

8 0
1 year ago
Read 2 more answers
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