3 years ago

joe buys a new stereo for $875 and pays for it over two years with 6.5% simple interest. what is his monthly payment?

Mathematics

1 answer:

VMariaS [17]3 years ago

3 0

$38.83 should be your monthly payment.

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He needs 420 to buy a new smartphone and accessories.

75-495= 420
420+75= 495

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3 years ago

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An amount of $23,000 is borrowed for 11 years at 6.75% interest, compounded annually. If the loan is paid in full at the end of

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Answer:

Given that,

An amount of $23,000 is borrowed for 11 years at 6.75% interest, compounded annually.

To find the Amount paid back after 11 years.

Explanation:

we know that,

The formula to find the,

Amount after n years of interest rate r% compounded annually is,

$A=P(1+\frac{r}{100})^n$

where P is the initial amount.

Here, we have that,

P=$23,000

r=6.75

n=11

Substitute the values we get,

$A=23000(1+\frac{6.75}{100})^{11}$

Solving this we get,

$A=23000(1+0.0675)^{11}$ $A=23000(1.0675)^{11}$ $A=23000(2.05138)$ $A=47181.805$

Round to the nearest dollar.

$A=47181.805\approx47182$

Answer is: Amount paid back is $47182 after 11 years

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1 year ago

A teacher has 36 pencils and 63 erasers to give away to 9 students. If the teacher wants each student to receive the same number

nika2105 [10]

Answer:

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Step-by-step explanation:

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cestrela7 [59]

Answer:

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Step-by-step explanation:

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