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Licemer1 [7]
3 years ago
15

Tamora just made the last of her monthly payments on her loan. She had been making these payments for the past nine years. The l

oan had a principal of $10,675 and an interest rate of 4.75%, compounded monthly. In addition, Tamora paid $939.25 in service charges. What was Tamora’s total finance charge? Round all dollar values to the nearest cent.
a.
$939.25
b.
$11,614.25
c.
$3,403.53
d.
$2,464.28
Mathematics
2 answers:
Jobisdone [24]3 years ago
6 0
<span>principal = 10,675
interest rate = 4.75% per year compounded monthly.
additional $939.25 was paid in service charges.

Annuity Payment PV
10,675 * (4.75%/12) </span>÷ [1 - (1+ 4.75%/12)^-12*9] 
<span>10,675 * 0.00396 </span>÷ [1 - (1.00396)^-108]
<span>42.273 </span>÷ (1 -  0.655) 
42.273 ÷ 0.345 = 122.53

122.53 * 108 = 13,233.24   interest and principal

13,233.24 + 939.25 - 10,675 = 3,497.49  

The answer is closer to Choice C. The minimal difference in amount is due to the rounding off of decimal places.
Law Incorporation [45]3 years ago
4 0
Answer : $3403.53

Detailed Solution: 
<span>principal was 10,675
interest rate was 4.75% per year compounded annually.
additional $939.25 was paid in service charges.
payment on the principal plus interest is shown below: 

pv = 10675
i = .0475/12 = .0039583333... per month.
n = 9 * 12 = 108 months.
fv = 0
pmt = 121.6635... per month
total finance charge would be (108 * 121.6635... + 939.25 - 10675).
that equals to 13139.66 + 939.25 - 10675 = 3403.91 
</span>
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john collecrs cards. he collects 44 red, 67 blue cards, and 52 yellow. he puts 9 in protective sheets how many full sheets does
Kobotan [32]

Answer:

He has 18 full sheets.

Step-by-step explanation:

44 + 52 + 67 = 163

163/9 = 18.11

The question specifically asks for a whole number, not a decimal or fraction, so the answer is 18 full sheets.

8 0
3 years ago
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Sergio039 [100]

Answer:

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Step-by-step explanation:

none of the above

8 × 10 × 4

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6 0
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Shalnov [3]
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6 0
3 years ago
can someone pls help me? i have no idea what to do. pls show the work steps for the questions. i will mark u as
tiny-mole [99]

Ok, so the question is based on geometric progression. Remember, the formula for calculating the nth-term of a geometric progression is: a*r^{n-1}. The a in the expression stands for the 1st term of the sequence, and r is the common ratio of the elements of the sequence. Now let's take a look at the problem.

"A ping pong ball has a 75% rebound ration". We can infer that our common ratio, r, is 75% which is 0.75.

"When you drop it from a height of k feet...", this means the first height you drop it from, a.k.a, the first term.

Now going back to the expression, the nth-term = a*r^{n-1}, we can substitute our common ration, 0.75 with r, and our 1st term, k, with a. This becomes: k * 0.75^{n-1}. This becomes our expression.

a. The highest height achieved by the ball after six bounces. Our nth-term here is 6, so let's use our expression to find the 6th term. n_{6} = 235 * 0.75^{6-1} = 235*0.75^{5} = 235*0.2373 = 55.7655ft

b. The total distance travelled by the ball when it strikes the ground for the 12th time. This involves the use of the sum of elements in the geometric progression. The formula for that is \frac{a(1 - r^{n})}{1-r}, provided that r is less than 1, which it is in this case, since 0.75 is less than one. Our nth-term here is 12, so we substitute.

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6 0
3 years ago
You spend $20 total on tubes of paint and disposable brushes for an art project. Tubes of paint cost $4.00 each and paintbrushes
hram777 [196]
You are buying 2 items so let's use two different variables to represent each:
p = number of tubes of paint
b = number of disposable brushes
cost = price per item × number of items
Equations from information given:
4p + 0.50b = 20 ← from the first 2 sentences
2p = b  ← if there are twice as many brushes as paint tubes you need 2 times paint tubes to equal number of brushes
Solve the problem by using substitution... 1b equals 2p so replace b with that:
4p + 0.50(2p) = 20
4p + 1p = 20   ← 0.50 is half so half of 2p is 1p
5p = 20 ← combine like terms
p = 4   ← divide both sides of the equation by 5
Recall the equation 2p = b replace p with 4
2(4) = b 
8 = b
ANSWER:
You purchased 4 tubes of paint and 8 disposable brushes.
8 0
3 years ago
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