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lara31 [8.8K]
3 years ago
9

16x72(192/13) please help me solve this

Mathematics
1 answer:
butalik [34]3 years ago
8 0
78
16 times 72 = 1152/(192/13) = 78
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With a beginning balance of $2500 and no additional charges, there is no grace-period, you will just pay the minimum payment eac
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Answer:

a = $31.23 per month

b = $20.83 per month

c = 249.98 = $249.98 interest charges

                   = $624-249.98 = 374.02 profit part decrease 8% inc.                  

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e = Answer is in the name; basic payment is a contract which means whilst account remains open charges are requested without fail. Should balance be less or on zero, charges are still applied.

Step-by-step explanation:

2500 x 1.2499 = interest only for start month 13 =3124.75

3124.75/ 100 x 1.08   = 8% of this = 249.98 each year.

We only have to divide each by 12 to work out monthly individual charges and subtract to find out payments.

3124.75 - 249.98 = 2874.77 = Total after charges each year.

249.98/12 = 20.83 = monthly charges.

3124.75- 2500 = 624.75 payments each year

624.75/12 = 52.06 month 1 payment before charge

52.06-20.83 =31.23 total minimum payment

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Percentage = 200:600 = 1/3 33% + (comparing to ratio 10:25 closer to 40%)

We find ratio 200:600= 33.33 + 49.995/24.75 = 2.02

33+2.02 = 35.35%

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