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dimaraw [331]
3 years ago
10

It is estimated that the average amount owed for student loans in 2010 was $25,250 per student. If the interest rate for student

loans increases to 6.8%, estimate how much more students will pay over a 10-year repayment period for this “average amount owed” as compared with
Mathematics
1 answer:
Harman [31]3 years ago
7 0
Let's fix 2010 as the present time. According to basic equations in engineering economy,

F = P (1+i)^n where F is the future worth, P is the present worth, i is the interest rate and n is the number of years. Substituting the appropriate values,

F = $25,250 (1 + 0.068)^10
F = $48,750

If the student has payed for the $25,250, then he needs to pay $48750 - $25250 = $23,500 more.

I hope I was able to help you. Thank you.
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Stay Alive ~ T∅P I-/

Step-by-step explanation:

6 0
3 years ago
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Please help with b if you understand
vagabundo [1.1K]
I believe if I'm correct the answer is 2a  3b   4c
                                      
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7 0
3 years ago
The area of a rectangle is 42 square feet.
Alchen [17]

Answer:

26 ft and 46 ft.

Step-by-step explanation:

The prime  factors of 42 are 2 * 3 * 7.

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L = 14 , W = 3  giving perimeter = 34 ft.

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3 0
3 years ago
A boy has 380 prize tickets he wants to exchange for action figures at a prize booth. At
loris [4]

Answer:

Step-by-step explanation:

 

Hi there,

If the boy wants 80 small action figures

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He will have 80 small and 20 large action figures

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Hope this helps:-)

6 0
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