Antonio has just graduated from four years of college. For the last two years, he took out a Stafford loan to pay for his tuitio
n.
Each loan had a duration of ten years and interest compounded monthly. Antonio will pay each of them back by making
monthly payments, starting as he graduates. Antonio's loans are detailed in the table below.
Subsidized?
Year
Junior
Senior
Loan Amount ($)
5,894
5,258
Interest Rate (%)
6.9
7.5
Once all of his loans are paid off, what will Antonio's total lifetime cost be? Round all dollar values to the nearest bent.
a $16,246.80
b. $17,804.40
c. $7,593.16
d $9,874.76
Each loan had a duration of ten years and interest compounded monthly. Antonio will pay each of them back by making
monthly payments, starting as he graduates. Antonio's loans are detailed in the table below.
Subsidized?
Year
Junior
Senior
Loan Amount ($)
5,894
5,258
Interest Rate (%)
6.9
7.5
Once all of his loans are paid off, what will Antonio's total lifetime cost be? Round all dollar values to the nearest bent.
a $16,246.80
b. $17,804.40
c. $7,593.16
d $9,874.76
2 answers:
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To solve the problem we must know the basic exponential properties.
<h3>What are the basic exponent properties?</h3>The expression can be written as .
Given to us
Using the exponential property,
Using the exponential property ,
Hence, the expression can be written as .
Learn more about Exponent properties:
See the picture to better understand the problem
we know that
in the triangle ABC
∠A+∠B+∠C=180°
find ∠C
∠C=180-[80+65]------> ∠C=35°
Applying the law of sines
AB/sin C=CB/sin A
solve for CB
CB=AB*sin A/sin C-----> CB=45*sin 65/sin 35-----> CB=71.10 ft
the answer is
<span>the distance from person B to the top of the hill is 71.10 feet</span>
we know that
in the triangle ABC
∠A+∠B+∠C=180°
find ∠C
∠C=180-[80+65]------> ∠C=35°
Applying the law of sines
AB/sin C=CB/sin A
solve for CB
CB=AB*sin A/sin C-----> CB=45*sin 65/sin 35-----> CB=71.10 ft
the answer is
<span>the distance from person B to the top of the hill is 71.10 feet</span>