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AlekseyPX
3 years ago
5

Which ordered pairs display y as a function of x? *

Mathematics
1 answer:
muminat3 years ago
7 0

Answer:

4sd8d548s4sd85

Step-by-step explanation:

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You plan to borrow $36,500 at a 7.7% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year p
erma4kov [3.2K]

The amount of interest you would be paying in Year 2 is: $2,492.62.

<h3>Interest</h3>

First step is to calculate the Equal Monthly Payment

Equal Monthly Payment=P×r×(1+r)^t/(1+r)^t-1

Where:

P=Principal=$36,500

r=Rate=7.7%

t=Time=7 years

Equal Monthly Payment=36,500×0.077×(1+0.077)^7÷(1+0.077)^7-1

Equal Monthly Payment=36,500×0.077×(1.077)^7÷(1.077)^7-1

Equal Monthly Payment=36,500×0.077×1.6807763÷1.6807763-1

Equal Monthly Payment=4,723.82/0.6807763

Equal Monthly Payment=$6,938.875

Second step is to calculate Year 1 Closing balance

Year 1 Closing balance  = Beginning  balance + Interest - EMI Payment

Year 1 Closing balance=  $36,500 +($36,500×7.7%) - $6,938.875

Year 1 Closing balance=  $36,500 + $2,810.5 -$6,938.875

Year 1 Closing balance =   $32,371.625

Third step is to calculate year 2 interest

Year 2 Interest= $32,371.625×7.7%

Year 2 Interest=$2,492.62

Therefore the amount of interest you would be paying in Year 2 is: $2,492.62.

Learn more about interest here:brainly.com/question/15259578

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8 0
2 years ago
140 + (-122) + (-10), I also need it with work.
Aleks04 [339]

Answer:

8

Step-by-step explanation:

140-122=18

18-10=8

6 0
3 years ago
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a class consists of 10 boys and 5 girls. how many ways can a committee of 3 boys and 2 girls be selected
hammer [34]

Answer:

<em>i dont know the answer dude or ladies</em>

Step-by-step explanation:

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8 0
3 years ago
Solve and express your answer in both scientific and standard notation.
swat32

Answer:

8.4 x 10^10 in scientifif notation is the same, in regular its 84000000000

3 x 10^7 in scientific notation is the same and in regular its 30000000

7 0
3 years ago
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A box of 20 dvds is worth $240.00 the box contains some DVDs worth $12.00 each and some DVDs worth 16.00 each. Which system of e
Advocard [28]

Answer:

B.

Step-by-step explanation:

8 0
3 years ago
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