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careers in the STEM cluster are careers associated with: Question 20 options: science, technology, engineering, mathematics scie

nce, technology, engineering and manufacturing science, technology, education and mathematics social studies, technology, engineering, mathmatics

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skad [1K]3 years ago

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Answer:

science, technology, engineering, mathematics

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Determine the monthly payment of a loan for $3,000 at 7. 5% interest compounded monthly for 36 months. A. $93. 32 b. $95. 40 c.

den301095 [7]

The correct statement is that the monthly payment of a loan of $3000 will be $104.11. The calculations obtained are not relevant with the options of the statement quoted above.

The calculations can be done by applying the values to the formula of compounded interest and then further multiplying the values obtained with the number of monthly payments.

<h3>Calculation of Compounded Monthly Payments </h3>

The formula to calculate compound interest is as below.

$\rm Compounded\ Annuity= 3000(1+ \dfrac{0.075}{12})^1^2\ ^x\ ^3\\\\\\\rm Compounded\ Annuity= 3000(1+ 0.00625)^3^6\\\\\\\rm Compounded\ Annuity= $3754.11$

The values obtained will now be derived into the following formula,

$\rm Compounded\ Payments = \dfrac{Annuity}{No.\ of\ Monthly\ Payments}\\\\\\\rm Compounded\ Payments = \dfrac{3754.11}{36}$

Continuing further,

$\rm Compounded\ Payments= \$104.11$

So, it is clear that the compounded monthly payments will be $104.11.

Hence, the monthly payment of loan for 36 months will be $104.11 which will be paid monthly at the rate of 7.5%.

To know more about Compounded payments, click the link below.

brainly.com/question/8441564

6 0

3 years ago

If you have 4.00 gg of H2, how many grams of NH3 can be produced?

n200080 [17]

Answer:

22.49 g of NH3

Explanation:

The balanced equation for this would be:

3H₂+N₂ → 2NH₃

So let's take note of this:

We will need 3 moles of H₂ to produce 2 moles of NH₃.

Now let us convert:

First we determine the molar mass of H2:

Element:

number of atoms x molar mass

H = 2 x 1.01 g/mol = 2.02 g/mol

Let's see how many moles of H2 there are in 4.00g

$4.00 g\times \dfrac{1\;mole\;of\;H_2}{2.02g} = 1.98\;moles\;of\;H_2$

Now we can see how many moles of NH₃ we can make given the ratio and convert it again to grams by getting the molar mass of NH₃:

$1.98\;moles\;of\;H_2\times\dfrac{2\;moles\;of\;NH_3}{3\;moles\;of\;H_2} = 1.32\;moles\;of\;NH_3$

This means that with 1.98 moles of H₂, we produce 1.32 moles of NH₃

So let's get the molar mass of NH₃ so we can convert it to grams:

N = 1 x 14.01 = 14.01

H = 3 x 1.01 = 3.03

17.04g/mol

$1.32\;moles\;of\;NH_3\times\dfrac{17.04g\;of\;NH_3}{1\;mole\;of\;NH_3} = 22.49g\;of\;NH_3$

4 0

3 years ago

Which of the following statements about the expected postretirement benefit obligation (EPBO) is not correct? a. The EPBO is rec

mixer [17]

Answer:

The correct answer is letter "A": The EPBO is recorded in the accounts.

Explanation:

The Expected Postretirement Obligation (EPBO) is an estimation of the value of the benefits employees will receive upon retirement including all the time workers remained in the firm. This is merely a calculation and is not subject to any type of transaction to be recorded in the company's books. The EPBO is not related to workers' pensions.

6 0

4 years ago

Solving for the sales level needed to achieve a profit of zero is the same process as solving for the sales level needed to ____

____ [38]

Answer: break-even

Explanation:

5 0

2 years ago

Depletion Down Deep Mining Co. acquired mineral rights for $81,250,000. The mineral deposit is estimated at 65,000,000 tons. Dur

sveta [45]

Answer and Explanation:

The computation is shown below:

a. For depletion rate

= Acquired mineral rights ÷ estimated mineral deposits

= $81,250,000 ÷ 65,000,000 tons

= $1.25

b. For the amount of depletion expense for the current year is

= Depletion rate × current year mined

= $1.25 × 17,550,000 tons

= $21,937,500

c. The journal entry is shown below:

Depletion Expense $21,937,500

To Accumulated Depletion $21,937,500

(Being the depletion expense is recorded)

For recording this we debited the depletion expense as it increased the expense and credited the accumulated depletion as it reduced the assets

7 0

3 years ago