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
Lilit [14]
3 years ago
7

Joan Messineo borrowed ​$47,000 at a 5​% annual rate of interest to be repaid over 3 years. The loan is amortized into three​ eq

ual, annual,​ end-of-year payments.
a.  Calculate the​ annual, end-of-year loan payment.

b.  Prepare a loan amortization schedule showing the interest and principal breakdown of each of the three loan payments.

c. Explain why the interest portion of each payment declines with the passage of time.

Mathematics
1 answer:
tester [92]3 years ago
6 0

Answer:

a) The value of the Annual Payment is A=$17,258.80

b) Is the picture in the attachment file

c) As you can see it in the picture with each payment, balance comes down, due it is the interest base, Interest portion comes down too.

Step-by-step explanation:

Hi

a) First of all, we are going to list the Knowns: VP=47000, i=5% and n=3, Then we can use A=\frac{VP}{\frac{1-(1+i)^{-n} }{i} } =\frac{47000}{\frac{1-(1+0.05)^{-3} }{0.03} }=17258.80. So this is the value of the Annual Payment

You might be interested in
How do you find a missing angle or side length
notka56 [123]

Since you said angle, I assume you mean a triangle, so:

Take the number of the angles you have and add them, then, subtract it by 180. It gives you the missing angle of your triangle!

6 0
3 years ago
Read 2 more answers
Help asappppp? i’m having trouble on wat the 1/4 point is
blagie [28]

Answer:

  (-14, 5.5)

Step-by-step explanation:

Perhaps the easiest way to find the 1/4 point is to find (x, y), then find the midpoint between that and M.

  (x, y) = 2M -(13, 25) = 2(-5, 12) -(13, 25) = (-23, -1)

Then the 1/4 point is ...

  ((-23, -1) +M)/2 = ((-23, -1) +(-5, 12))/2 = (-28, 11)/2 = (-14, 5.5)

_____

If we call the end points A(x, y) and B(13, 25), then we know ...

  M = (A+B)/2

  A = 2M -B . . . . we'll need this in a bit

and the 1/4 point Q is such that ...

  (Q -A)/(B -A) = 1/4

  4Q -4A = B -A . . . . cross multipliy

  Q = (B +3A)/4 = (B +3(2M -B))/4 = (6M -2B)/4 . . . . solve for Q

  Q = (3M -B)/2 . . . . reduce the fractions

  Q = (3(-5, 12) -(13, 25))/2 = (-28, 11)/2 = (-14, 5.5) . . . as above

6 0
3 years ago
Graph the line whose y-intercept is - 9 and whose x-intercept is 5.
Nostrana [21]

Answer:

y=1.8x-9

Step-by-step explanation:

if they are intercepts so the x/y will be zero, so in y intetceot the x is zero, and in the x itercept the y is zero.

0,-9

5,0

we calculate the slooe / rise

-9-0/0-5 = 1.8

we then use this formula

y-y1=rise(x-x1)

y-0=1.8(x-5)

y=1.8x-9

4 0
3 years ago
The graph of the piecewise function f(x) is shown.<br> 1 f(x)
Tema [17]

Answer:

In a word processing document or on a separate piece of paper, use the guide to construct a two-column proof proving that lines l and m are parallel.

6 0
3 years ago
Rewrite this expression using appropriate conventions.<br><br> (a+a+a+a) / 5
Elza [17]

Answer:

4a/5

Step-by-step explanation:

(a+a+a+a) / 5

Combine like terms

4a/5

6 0
3 years ago
Other questions:
  • What does y and w equal
    7·1 answer
  • In a class of 147 students, 95 are taking math(m), 75 are taking science (s), 52 are taking both math and science. What is the p
    14·1 answer
  • #5 - find the values of x and y. Write your answers in simplest form.
    6·1 answer
  • Six more than the product of 21 and a number
    12·1 answer
  • Which solid figure has 4 faces that are triangles and 1 face that is a rectangle?
    14·1 answer
  • 2. What is the area of the figure below. Simplify.
    8·2 answers
  • Work out the surface area of this solid prism.
    12·1 answer
  • I need help with math hw what does x =
    11·1 answer
  • Part B: Write a polynomial expression that represents the total area of the swimming pool and walkway. To earn full credit, show
    10·2 answers
  • Drop down answers are
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!