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
nikklg [1K]
3 years ago
9

Simon took out an unsubsidized student loan of $43,000 at a 2.4% APR,

Mathematics
2 answers:
BlackZzzverrR [31]3 years ago
8 0

Answer: $241.16

-----------  APEX :)

Serga [27]3 years ago
7 0

Answer:

$289.41

Step-by-step explanation:

As we know that the total amount 'A' that is due to pay on loan for a certain interest 'r', principal 'p' and number of times the interest is compounded per year 'n' is:

A = p (1+\frac{r}{n})^{nt}

Since, in our case, p = $43,000, r = 2.4% = \frac{2.4}{100} = 0.024, n = 12 (monthly), and t = 20 years.

Therefore,

A = 43000 (1+\frac{0.024}{12})^{(12)(20)}

A = 69457.89$ $

For monthly payment for 20 years,

A = \frac{69457.89}{(12)(20)}

A = 289.407$ ≈ $289.41

Hence,  the amount of his monthly payment lasting for  20 years at APR of 2.4% on a loan of $43,000 compounded monthly will be $289.41.

You might be interested in
5^4-x^2+x-2 divided by x - 2
bekas [8.4K]

Answer: x −x  3  +x  2  +623x−2

​

Step-by-step explanation:

5 0
3 years ago
9263/88 and what is the remainder
WITCHER [35]
The remainder is 23.
105 R23
5 0
3 years ago
Read 2 more answers
Please help me solve this
bonufazy [111]

Answer:

A

Step-by-step explanation:

30% of 4

4÷100=0.04

0.04×30=1.2

8 0
2 years ago
Sakura speaks 150 words per minute on average in Hungarian, and 190 words per minute on average in Polish. She once gave cooking
marusya05 [52]

Answer:3 minute

Step-by-step explanation:

Sakura speaks hungarian =150 words per minute

Sakura speaks polish =190 words per minute

and it is given she speaks 270 more words in polish than in hungarian

She speaks for a total of 5 minutes

let she speaks hungarian for t mins

therefore 150\times t+270=190\left ( 5-t\right )

t=2 mins

therefore sakura speaks hungarian for 2 mins and polish for 3 mins

6 0
3 years ago
Help me plz need smart people
Genrish500 [490]
The answer to 9 is 87.

The answer to 10 is x=91, y=89, and z=31

Mark as branliest plz

8 0
2 years ago
Read 2 more answers
Other questions:
  • -10 + x + 4-5 > 7x - 5
    9·2 answers
  • What is the least amount of fabric needed to make the tent?
    6·2 answers
  • What is the value in millions of dollars of a downtown office building that cost 12 million dollars to build 20 years ago and de
    7·1 answer
  • If m∠1 = 3x, m∠3 = 2x + 20 and m∠5 = 30, what is the value of x?
    8·1 answer
  • An opaque cylindrical tank with an open top has a diameter of 3.25 m and is completely filled with water. When the afternoon Sun
    14·1 answer
  • I need help finding the slope, The y-intercept, and the equation??
    5·1 answer
  • Work out the difference between 77.5 and 2.27​
    13·2 answers
  • Can some one answer quickly please
    10·1 answer
  • Change the mixed numbers to improper fractions 5<br><img src="https://tex.z-dn.net/?f=5%5C%20%5Cfrac%7B1%7D%7B3%7D%20" id="TexFo
    5·1 answer
  • 3 3/5−1 1/2 subtract
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!