1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andrey2020 [161]
3 years ago
10

Camp Elim obtains a $125,000, 6%, five-year loan for a new camp bus on January 1, 2021. If the monthly payment is $2,416.60, by

how much will the carrying value decrease when the first payment is made on January 31, 2021?
Mathematics
1 answer:
Vlada [557]3 years ago
4 0

Answer:

The loan amount is = $125000

Rate is = 6%

Term of the loan = 5 years or 60 months

EMI is = $2416.60

Now I have solved this using reducing method ans excel sheet. Please find attached the sheet.

So we can see that after 1st payment, the principle is left to $ 123,208.40  

The value decreases by : 125000-123208.40=1791.60

Download xlsx
You might be interested in
How many times can 66 go into 648
insens350 [35]

Answer:

9

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
If 2 out of 36 people applaud, and 10 people in a concert hall are applauding, how many people are in the concert hall?
solmaris [256]
46 people are in the concert hall
3 0
3 years ago
Read 2 more answers
Determine the solution when given the following expression and coordinate.
hodyreva [135]

Here's link to the answer:

tinyurl.com/wpazsebu

6 0
3 years ago
Read 2 more answers
Finding angle measures between intersecting lines
Furkat [3]

Answer:

x = 47°

Step-by-step explanation:

From the picture attached,

CPD is a straight line.

Therefore, ∠CPB and ∠DPB is a linear pair of angles.

And linear pair of angles are supplementary.

By the property of linear pair of angles,

m∠CPB + m∠DPB = 180°

133 + x = 180

x = 180 - 133

x = 47°

5 0
3 years ago
the radius of a circular candle is 5mm. if i want to attach a ribbon to the outside, how much ribbon do i need? (answer choices
Oxana [17]

Answer:

18.84

PLEASE MARK BRAINLIEST!! THX

Step-By-Step EXPLAINATION:

radius: 6 ft

3.14*6=

18.84

7 0
2 years ago
Other questions:
  • How to write words to match the expression 3 (4 x 12)
    5·1 answer
  • When x represents whole numbers less than 200, the function f(x) = 2x - 20 represents the profit earned from selling x carnation
    11·1 answer
  • A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the units is $760 per m
    12·1 answer
  • While on vacation, you rent a bicycle. You pay $9 for each hour you use it. It costs $5 to rent a helmet while you use the bicyc
    7·1 answer
  • Which value of the x is in the solution set of the following inequality -x+8>6
    5·1 answer
  • 4(b+24)=(12b+8) pls help
    13·1 answer
  • 13.3 mm 16 mm 20.5 mm please find the volume of this triangular prism 20.5 and 16 are the base while 13.3 is the height.​
    9·1 answer
  • Please help me!!!!!!!!!!
    12·1 answer
  • Simplifying radicals! Please help me & Show WORK
    12·1 answer
  • If x-3=6, what is the value of x?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!