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stiv31 [10]
3 years ago
7

An individual borrowed​ $73,000 at an APR of 3​%, which will be paid off with monthly payments of​ $356 for 24 years. What is th

e payment amount?
Mathematics
1 answer:
hram777 [196]3 years ago
5 0

Answer:

$102,528

Step-by-step explanation:

The total amount paid mequivalent to the number of monthly payments times the number of months.

-Given the monthly payment is $356 and the loan term is 24 years, the total amount is calculated as:

=356\times 24\times 12\\\\=102,528

Hence, the total payment amount is $102,528

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1.2 x 10^19 x 5.88 x 10^12
Lapatulllka [165]

9514 1404 393

Answer:

  7.056 × 10^31

Step-by-step explanation:

The applicable rule of exponents is ...

  (10^a)(10^b) = 10^(a+b)

__

  (1.2\times10^{19})\times(5.88\times10^{12})=(1.2\cdot5.88)\times10^{19+12}\\\\=\boxed{7.056\times10^{31}}

As you know, the commutative and associative properties of multiplication let you rearrange the order of the product to any convenient form. Here it is convenient to group the mantissas together and the powers of 10 together.

__

<em>Additional comments</em>

This is a product your scientific or graphing calculator can produce for you. Likely it will display the result in scientific notation because it won't have enough display digits to show you the product any other way. For smaller numbers, you can set the display mode to give you scientific notation.

If you choose to use a spreadsheet to perform this calculation, the numbers would be entered as 1.2e19 and 5.88e12. The result will be something like 7.056e31. You may have to format the display to show 3 decimal places.

7 0
2 years ago
Compute the monthly payments for the add on interest loan. The amount of the loan is $8,276.17. The annual interest rate is 5.7%
podryga [215]

The monthly payments for this add on interest loan are of $164.71.

Given Information and Formula Used

It is given that for an add on interest loan,

Principal Amount, p = $8,276.17

Annual Interest Rate, r = 5.7%

Term of the loan, T = 5.5 years

The formula for simple interest is given as follows,

I = (p)(r)(t)/100 ............... (1)

The formula for total amount of add on interest is given by,

A = p + I ....................... (2)

Computing the Interest

Substitute the given values of p, r, and t in the formula (1) of interest to get,

I = (8276.17)(5.7)(5.5)/100

I = 259457.9295/100

I = $2,594.58

Computing the Monthly Payment for Add-on Interest Loan

Substituting the values of p and I in the formula (2), we obtain the total amount as,

A = $ (8276.17 + 2594.58)

A = $ 10,870.75

Monthly payment for the add on interest loan = A/t(in months)

=  $ (10,870.75/66)

= $164.71

Therefore, monthly payments of $164.71 are to be made for the add on interest loan.

Learn more about interest here:

brainly.com/question/26457073

#SPJ1

7 0
1 year ago
Help ASAP Brainliest!
leva [86]

Answer:

(3,-3)

Step-by-step explanation:

8 0
3 years ago
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Ahmed wrote two numbers. The first number has a 7 in its tenths place. The
Colt1911 [192]

Answer: i think the answer is B thousands

Step-by-step explanation:

7 0
3 years ago
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The curb weight of a new car is 3,347 pounds. How much does the car weigh?
frozen [14]

Answer:

A

Step-by-step explanation:

i think

4 0
3 years ago
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