75% of 32.2 is what number

If you can make payments of $450 on a 5-year loan that has an APR of 6.5%,

Vera_Pavlovna [14]

Answer:

To determine the maximum loan amount you can afford, you need to know the amount of your monthly payment and the annual percentage rate (APR) of the loan. The APR is the interest rate of the loan, expressed as a yearly rate. It takes into account not only the interest rate, but also any fees or other charges associated with the loan.

In this case, you know that you can make monthly payments of $450 and that the APR of the loan is 6.5%. To determine the maximum loan amount you can afford, you can use the following formula:

Maximum loan amount = (Monthly payment / (APR / 100 / 12)) * (1 - (1 + (APR / 100 / 12))^-n)

where n is the number of monthly payments. In this case, you are taking out a 5-year loan, which means you will make 60 monthly payments (5 years * 12 months/year = 60 months), so n = 60. Plugging these values into the formula, we have

Maximum loan amount = ($450 / (6.5% / 100 / 12)) * (1 - (1 + (6.5% / 100 / 12))^-60)

= ($450 / 0.00542) * (1 - (1 + 0.00542)^-60)

= $83,146.54

Therefore, the maximum loan amount you can afford is $83,146.54. This is the maximum amount you can borrow, assuming that you make monthly payments of $450 and the APR of the loan is 6.5%. You should carefully consider your ability to make these monthly payments before taking out a loan of this amount.

Step-by-step explanation:

4 0

1 year ago

Read 2 more answers

(a)

Elenna [48]

The volume of the stones will be 384 inch³.he volume of the stone is found by subtracting the volume before stones and the volume after stones in the container.

<h3 /><h3>What is volume?</h3>

The term “volume” refers to the amount of three-dimensional space taken up by an item or a closed surface. It is denoted by V and its SI unit is in cubic inch.

Volume before the stones are put in the container is;

$\rm V_1 = L bh \\\\ V_1= 4 \times 16 \times 8 \\\\ V_1= 512 \ inch^3$

The volume after the stones are put in the container is;

$\rm V_2= 7 \times 16 \times 8 \\\\\ V_2= 896 \ inch^3 \\\\$

The volume of the stone is found by subtracting the volume before stones and the volume after stones;

$\rm V = V_2-V_1 \\\\\ V=896-512 \\\\ V_2= 384 \ inch^3$

Hence,the volume of the stones will be 384 inch³.

To learn more about the volume, refer to the link;

brainly.com/question/1578538

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6 0

2 years ago

An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result i

Dovator [93]

Answer: expected profit = 18,000 dollars

Step-by-step explanation:

expected value formulae = x * p(x)

x= data value, p(x) = probability of data value

When the economy is strong

profit to be made = 60,000 dollars

probability that economy will be strong = 30/100 = 0.3

expected value = profit * probability at which profit is made

expected value = 0.3 * 60000

expected value = 18,000 dollars

When economy grows at moderate pace

profit to be made = 10,000

probability that economy will be moderate = 60/100 = 0.6

expected value = 0.6 * 10000

expected value = 6,000 dollars

When economy is in recession

loss to be made = -60,000

probability that economy will be in recession = 10/100=0.1

expected value = 0.1 * -60000 = -6000 dollars

negative sign denotes loss.

total investment = 18,000 + 6000 - 6000

total investment = 18,000 dollars

3 0

3 years ago

What contributed to William Shakespeare's success as a playwright and

valina [46]

Answer:

i think his work is popular today because it was aheaahead of his time and yes i do think his songsongs created today will be popular in 400 years. Step-by-step explanation:

3 0

3 years ago

3/8 + 2/8 =

Mkey [24]

Answer:

5/8

9/11

8/9

6/12

9/3

Hope this helped!

6 0

3 years ago