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Allisa [31]
3 years ago
6

Suppose you have a $60,000 loan with an annual percentage rate of 8% for 25 years.

Mathematics
1 answer:
amid [387]3 years ago
6 0

Answer:

The amount will be more by $30000 in the second loan.

Step-by-step explanation:

The loan of $60000 with APR 8% and for 25 years will grow to 60000 ( 1 + \frac{8 \times 25}{100} ) = 180000 dollars

So, I have to pay $180000 after 25 years.

Now, if we add $100 per month to this final amount then I have to pay $(180000 + 100 × 25 × 12) = $210000

Therefore, the loan amount will be more by $30000 in the second loan. (Answer)  

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Answer the Question below (45 points)
iren [92.7K]

3x-5=-6x+13 : Given

3x=-6x+18 : Addition property of Equality

9x=18: Subtraction property of Equality

x=2: Division Property of Equality

Step-by-step explanation:

We need to give justification to each step

Step 1:

3x-5=-6x+13

This is the question given, which we need to solve and find value of x.

Justification: Given

Step 2:

Adding 5 on both sides of the equation using addition property of equality.

3x-5+5=-6x+13+5

Simplifying

3x=-6x+18

Justification: Addition property of Equality

Step 3:

Adding 6x on both sides of the equation

3x+6x=-6x+18+6x

9x=18

Justification: Subtraction property of Equality

Step 4:

Divide both sides of the equation by 9, to find the value of x using division property of equality

9x/9=18/9

x=2

Justification: Division Property of Equality

Keywords: Solving Equations

Learn more about Solving Equations at:

  • brainly.com/question/1563227
  • brainly.com/question/2403985
  • brainly.com/question/11229113

#learnwithBrainly

8 0
4 years ago
Gimme the right answers, plz
Juliette [100K]

Answer:

1) It would take Steve 4 days to reach $36

for Maria it will take 3 days to get $36

Step-by-step explanation:

9x4=36

12x3=36

6 0
3 years ago
I need help solving this proof please!! :)
faust18 [17]

what is that please explain

5 0
3 years ago
X=4y-2<br>solve for y show work please​
Vesna [10]

Answer:

y = 1/4x - 1/2

Step-by-step explanation:

-4y = -x + 2 : Divide both sides by -4

y = 1/4x - 2/4 : Reduce to lowest terms

y = 1/4x - 1/2

8 0
2 years ago
Read 2 more answers
In 20X1, Ginzel Corporation agreed to provide a client with 20 detailed marketing analyses of its client's key products for a to
elixir [45]

Answer:

  1. $38,500
  2. $1,400

Step-by-step explanation:

1. According to the Accrual Principle of Accounting, revenue should only recognized when the goods or services for which it was paid for have been delivered. In other words, revenue should only be recognized when earned.

As of December 1, 20X1, Ginzel had only completed 7 of the 20 reports so the revenue recognized should be for the completed reports alone.

Total revenue for 20 reports = $110,000

Revenue for 7 reports = 7/ 20 * 110,000

= $38,500

2. The Accrual principle also applies to expenses and states that expenses should only be accounted for when incurred. As the $4,000 relates to all the reports, it should be apportioned evenly.

The costs of extraction and conversion of data for the year should therefore be;

= 7/20 * 4,000

= $1,400

7 0
3 years ago
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