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DENIUS [597]
3 years ago
13

There is a $81,818 loan with annual interest due. There was $900 in closing fees and $6,300 in total interest the first year. If

the APR is the finance charge (interest plus fees) for one year ÷ amount financed, what was the APR for that year?
Mathematics
2 answers:
Marysya12 [62]3 years ago
7 0
The APR for that year was 8.8%. The APR was calculated with the formula above in the question (interest+fees)/principal of the loan resulting in 8.8%. The Annual Percentage Rate is used by financial institutions to assess a debtor's ability to pay when that debtor wants to take a new mortgage loan for assessing the risk of unpaid debt.
statuscvo [17]3 years ago
6 0

Answer:

8.8

Step-by-step explanation:

odyssey ware

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Kazeer [188]

Answer:

104 units

Step-by-step explanation:

distance from (-5,2) to (1,6) is 7.21 units

distance from (1,6) to (9,-6) is 14.42 units

7.21 x 14.42 = about 104

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What is the maximum volume in cubic inches of an open box to be made from a 12-inch by 16-inch piece of cardboard by cutting out
Romashka-Z-Leto [24]

If you start with a 12x16 rectangle and cut square with side length x, when you bend the sides you'll have an inner rectangle with sides 12-2x and 16-2x, and a height of x.

So, the volume will be given by the product of the dimensions, i.e.

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The derivative of this function is

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12x^2-112x+192=0 \iff x = \dfrac{14\pm 2\sqrt{13}}{3}

If we evaluate the volume function at these points, we have

f\left(\dfrac{14-2\sqrt{13}}{3}\right) = \dfrac{64}{27}(35+13\sqrt{13})> f\left(\dfrac{14-2\sqrt{13}}{3}\right) = -\dfrac{64}{27}(13\sqrt{13}-35)

So, the maximum volume is given if you cut a square with side length

x=\dfrac{14-2\sqrt{13}}{3}\approx 2.7

5 0
3 years ago
(1+5 to the 2)−16 1 over 2 to the 3
Ludmilka [50]

Answer:

5/4

Step-by-step explanation:

I think this makes sense, if this is what ur asking for.

6 0
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Likurg_2 [28]

Answer:

28 units sqr

Step-by-step explanation:

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