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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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Y=x+3over 8 proportional or nonproportional
Inessa [10]

Answer:

nonproportional

Step-by-step explanation:

x + 3

------- is definitely nonproportional.  The reason for this is that the graph (a

   8                                                      straight line) does not pass through the                          

                                                            origin; it's offset by 3/8 unit up from the          

                                                             origin.

6 0
3 years ago
a line passes through point (-2,5) and has a slope of 2/3 points a (x,3) and b ( -2, y) lie on the line what is the value of y a
Tomtit [17]

Answer:

The value of y is 5 , and The value of x is - 5

Step-by-step explanation:

Given as :

The line passes through point ( - 2, 5)

The slope of line is m =  \frac{2}{3}

Equation of line is written as

y - y_1 = m × (x - x_1)

Since line passes through line ( - 2 , 5 ) and have slope \frac{2}{3}

So, y - 5 =   \frac{2}{3}  × (x + 2)

Or, 3 × ( y - 5 ) = 2 × ( x + 2 )

Or, 3 y - 15 = 2 x + 4

Or, 3 y - 2 x - 19 = 0 is the equation of line

Now points ( x , 3 ) lies on the line 3 y - 2 x - 19 = 0

So, 3 × 3 - 2 x - 19 = 0

or, 9 - 2 x - 19 = 0

or, 2 x = - 10

∴  x = - \frac{10}{2}

I.e x = - 5

Again points ( - 2 , y )  lies on the line 3 y - 2 x - 19 = 0

So, 3 × y + 2 × 2 - 19 = 0

Or,  3 × y + 4 -19 = 0

or, 3 y = 15

∴  y = \frac{15}{3}

I.e y = 5

Hence The value of y is 5 , and The value of x is - 5   .  Answer

8 0
3 years ago
Given the polynomail function below, find f(-5) f(x)=x^2-2x-7
SIZIF [17.4K]
F(-5) = -5^2 - 2*(-5) - 7 = 25 - (-10) - 7 = 25 + 10 - 7 = 25 + 3 = 28
8 0
3 years ago
What is the opposite <br> of -5/3
ss7ja [257]

Answer:

5/3

Step-by-step explanation:

The opposite of a number always has to have the same distance from zero, positive or negative. So in this case, since -5/3 is a negative fraction, the answer would be 5/3. This fraction may be positive but they have the same distance from zero.

8 0
2 years ago
Read 2 more answers
Simplify the following using PEMDAS: [3−(3⋅3)+33÷3] × 4⋅5/10−2⋅3
kompoz [17]

Answer: 34

Step-by-step explanation:

<u>Given expression</u>

[3 - (3 · 3) + 33 ÷ 3] × 4 · 5 / 10 - 2 · 3

<u>Simplify by parentheses in the bracket</u>

=[3 - 9 + 33 ÷ 3] × 4 · 5 / 10 - 2 · 3

<u>Simplify by multiplication</u>

=[3 - 9 + 33 ÷ 3] × 20 / 10 - 6

<u>Simplify by division</u>

=[3 - 9 + 11] × 10 - 6

<u>Simplify by bracket (addition/subtraction)</u>

=[-6 + 11] × 10 - 6

=[4] × 10 - 6

<u>Simplify by multiplication</u>

=40 - 6

<u>Simplify by subtraction</u>

=\boxed{34}

Hope this helps!! :)

Please let me know if you have any questions

8 0
3 years ago
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