Answer: Y= -x/5 + 32/5
Step-by-step explanation:
The loan amount is given as $76521
We first have to calculate the total amount of tuition
6970 x 4 + 11320 x 4
= 73160
<h3>a. How to solve for the new loan amount</h3>
![73160 (1+\frac{\frac{4.5}{100} }{12} )^1^2](https://tex.z-dn.net/?f=73160%20%281%2B%5Cfrac%7B%5Cfrac%7B4.5%7D%7B100%7D%20%7D%7B12%7D%20%29%5E1%5E2)
= 73160 x (1 + 0.00375)¹²
= 76520.95
Hence the new loan amount after agrace period of 1 year = $76521
b. PV = $76521
i = ![\frac{4.5/100}{12}](https://tex.z-dn.net/?f=%5Cfrac%7B4.5%2F100%7D%7B12%7D)
= 0.00375
t = 10 years
![PMT[\frac{1-(1+0.00375)^-^1^2^0}{0.0375} ]= 76521](https://tex.z-dn.net/?f=PMT%5B%5Cfrac%7B1-%281%2B0.00375%29%5E-%5E1%5E2%5E0%7D%7B0.0375%7D%20%5D%3D%2076521)
pmt = 793. 05
The monthly payment is $793. 05.
In ten years the total payment is 793.05 x 10 x 12
= 95166
Difference = 95166 - 76521
= $18645
In ten years her ,monthly payment on the loan would be $18645.
Read more on interest here:
brainly.com/question/25696681
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9/10 is equivalent to 90/100 and the answer under mine or above or the other answer should be reported. They got points for a question they did not answer correctly.
Answer:
Charmaine earns $60.90 for 6h for mowing and 1h for babysitting.
Step-by-step explanation:
We must write the data problems.
Charmaine = $8.80/h mowing
Charmaine = $8.10/h babysitting
How much will Charmaine earn for 6 h mowing and 1 h babysitting?
1 h mowing ....................... $8.80
6 h mowing ....................... $x
x = 6 h mowing * $8.80
x = $52,8
To find the total earn of Charmaine, we have to gather the earns from mowing and babysitting.
$52,8 (from mowing) + $8.10 (from babysitting) = $60.90