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Pachacha [2.7K]
4 years ago
6

Mitchell took out a loan for $1100 at a 19.2% APR, compounded monthly, to

Mathematics
1 answer:
goldenfox [79]4 years ago
4 0

Answer:

C. 18

Step-by-step explanation:

We can find the numbers of payments using following formula

PV = PMT(1- (1+r)^-n)/r

PVr / PMT = 1 - (1+r)^-n

Where

PV = present value = $1,100

PMT = monthly payments = $71.50

r = interest rate = 19.2% / 12 = 1.6%

n = numbers of month = ?

Placing values in the formula

(1+r)^-n = 1 - PVr /PMT

1.016^-n = 1-1100 x 0.016/71.50

1.016^-n = 0.753846154

-n x log 1.016 = log 0.753846154

n = - log 0.753846154 /log 1.016

n = 17.8

n = 18 payments

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32

Step-by-step explanation:

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4 years ago
Read 2 more answers
Identify the value of y<br><br><br> (3y+5)=-4-8y+9+77
noname [10]

Answer:

Y=7

Step-by-step explanation:

(3y+5)= -4 -8y +9 + 77

     -5    -5            

    3y= -9 - 8y + 9 + 77

           +9          -9

    3y=  -8y + 77

    +8y    +8y

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1. subtract 5 from both sides

2. add -9 and +9 and you get 0

3. add 8y to both sides

4. divide both sides by 11

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3 0
3 years ago
The work of a student to solve the equation 2(5y − 2) = 12 + 6y is shown below:
jolli1 [7]
We know that Step 1 is correct, because it is just a restatement of the equation. Therefore, we can eliminate Step 1:

2(5y – 2) = 12 + 6y

In Step 2, the student tried using the Distributive Property. The Distributive Property can be written as one of the two following formulas:

a(b + c) = ab + ac
a(b – c) = ab – ac

In this case, we'll use the second formula. Substitute any known values into the equation above and simplify:

2(5y – 2) = 2(5y) – 2(2)
2(5y – 2) = 10y – 4

In Step 2, the student calculated 2(5y – 2) to equal 7y – 4. However, we have just proven that 2(5y – 2) is equal to 10y – 4.

The student first made an error in Step 2, and the correct step is:

Step 2: 10y – 4 = 12 + 6y

I hope this helps!
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3 years ago
Answer answer it it .
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Step-by-step explanation:

d3

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viva [34]

Answer:

OK midpoint is actually really easy I got u

Step-by-step explanation:

X2+X1 divided by 2

Y2+Y1 divided by 2

7+-1/2 is 6.5

-1+3/2 is 0.5

(6.5,0.5)

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2 years ago
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