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NikAS [45]
3 years ago
5

Trey is taking a loan for $85,000.It is a 20-year loan with an APR of 5.85%. What will his monthly payment be?

Mathematics
2 answers:
Anna007 [38]3 years ago
7 0
85,000÷((1−(1+0.0585÷12)^(−12×20))÷(0.0585÷12))=601.63
mina [271]3 years ago
5 0

Answer:

The Monthly payment is 601.6337

Step-by-step explanation:

Loan Amount is  $85,000

Time period is 20 years

APR is 5.85%

Payment is supposed to made monthly so n=12*20=240

As we know that

p=\frac{r(PV)}{1-(1+r)^{-n}} \\\\where, r=\frac{0.0585}{12}=0.004875 , n=240,PV=85000\\\text{Substitute the values and simplify}\\\\

p=\frac{0.004875*85000}{1-(1+0.004875)^{-240}} =601.6337\\\\

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3 years ago
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483.6 is what percent of 180
liraira [26]

Answer:

We assume, that the number 180 is 100% - because it's the output value of the task.

2. We assume, that x is the value we are looking for.

3. If 100% equals 180, so we can write it down as 100%=180.

4. We know, that x% equals 483.6 of the output value, so we can write it down as x%=483.6.

5. Now we have two simple equations:

1) 100%=180

2) x%=483.6

where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:

100%/x%=180/483.6

6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 483.6 is what percent of 180

100%/x%=180/483.6

(100/x)*x=(180/483.6)*x       - we multiply both sides of the equation by x

100=0.37220843672457*x       - we divide both sides of the equation by (0.37220843672457) to get x

100/0.37220843672457=x

268.66666666667=x

x=268.66666666667

now we have:

483.6 is 268.66666666667% of 180

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3 years ago
Nine less than a number is no more than 8 and is no less than 3.
snow_lady [41]
3 is less than or equal to x-9 is less than or equal to.

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3 0
4 years ago
Someone help me please!
andriy [413]

Answer:

To solve the first inequality, you need to subtract 6 from both sides of the inequality, to obtain 4n≤12. This can then be cancelled down to n≤3 by dividing both sides by 4. To solve the second inequality, we first need to eliminate the fraction by multiplying both sides of the inequality by the denominator, obtaining 5n>n^2+4. Since this inequality involves a quadratic expression, we need to convert it into the form of an^2+bn+c<0 before attempting to solve it. In this case, we subtract 5n from both sides of the inequality to obtain n^2-5n+4<0. The next step is to factorise this inequality. To factorise we must find two numbers that can be added to obtain -5 and that can be multiplied to obtain 4. Quick mental mathematics will tell you that these two numbers are -4 and -1 (for inequalities that are more difficult to factorise mentally, you can just use the quadratic equation that can be found in your data booklet) so we can write the inequality as (n-4)(n-1)<0. For inequalities where the co-efficient of n^2 is positive and the the inequality is <0, the range of n must be between the two values of n whereby the factorised expresion equals zero, which are n=1 and n=4. Therefore, the solution is 1<n<4 and we can check this by substituting in n=3, which satisfies the inequality since (3-4)(3-1)=-2<0. Since n is an integer, the expressions n≤3 and n<4 are the same. Therefore, we can write the final answer as either 1<n<4, or n>1 and n≤3.

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