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nikdorinn [45]
3 years ago
8

Assume that you have taken out an amortized loan for $10,000 to buy a new car. The yearly interest rate is 18% and you have agre

ed to pay off the loan in 4 years. What is your monthly payment?
Mathematics
1 answer:
dlinn [17]3 years ago
6 0

Answer:

  $293.75

Step-by-step explanation:

Any number of financial calculators, spreadsheets, and on-line calculators can compute the monthly payment for you. Or you can put the numbers into the formula and compute it yourself.

A formula I like is ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

where A is the monthly payment, P is the loan amount, r is the annual interest rate, and t is the number of years. Filling in the given information and doing the arithmetic, we get ...

  A = $10000(0.18/12)/(1 -(1 +0.18/12)^(-12·4)) = $150/(1 -1.015^-48) = $293.75

Your monthly payment is $293.75.

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jason mixed 8ml of a salt solution with 11ml of a 47% salt solution to make a 43%salt solution. find the percent salt concentrat
choli [55]

Let x% be the salt concentration of first solution.

Then in 8ml, amount of salt = \frac{8x}{100}

Given that to this 8ml solution, 11ml solution of a 47% salt solution is mixed.

amount of salt in 11ml of 47% salt solution is \frac{11*47}{100} = \frac{517}{100}

So, total amount of salt in new mixture = \frac{8x}{100} +\frac{517}{100} = \frac{8x+517}{100}

But given that this new solution is a 43% salt solution.

Hence amount of salt in new mixture of (8+11)=19ml solution of 43% salt solution is \frac{19*43}{100} = \frac{817}{100}

Hence \frac{8x+517}{100} = \frac{817}{100}

            8x+517 = 817

             8x=817-517 = 300

          x= 300/8 = 37.5

Hence the salt concentration in the first solution is 37.5%

8 0
3 years ago
A business with two locations buys seven large delivery trucks and five small delivery trucks. Location A receives three large t
tekilochka [14]

Answer:

cost of large delivery truck = $60,000

cost of small delivery truck = $45,000

Step-by-step explanation:

let,

the cost of large delivery truck = 'x'

the cost of small delivery truck = 'y'

Now, according to the question,

3x + 2y = 270000

4x + 3y = 375000

By solving the above 2 equation , we get;

x = 60000

y = 45000

3 0
3 years ago
Need help with this question
kicyunya [14]

The equation of the line that passes through the points (2,1) and (5,-8) is

y = -3x + 7

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3 years ago
° ~ Calculate the percentage ~ ° Help please !! With T_T operations
natulia [17]

Step-by-step explanation:

please re ask question. its unvalid and please simplfy it

4 0
3 years ago
When they arrived in Philadelphia, Tyler’s family took a taxi to a museum. The taxi charged $2.70 per mile, and they paid the dr
shtirl [24]

Answer:

5 miles

Step-by-step explanation:

To find how many miles it is from the train station to the museum we first have to subtract the tip from the total fair and you get 13.50 and then you divide 13.50 by 2.70 to get the number of miles and you get 5.

3 0
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