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forsale [732]
3 years ago
12

To buy a car, you borrow $25,000 with a term of three years at an APR of 6.5%. What is your monthly

Mathematics
1 answer:
Finger [1]3 years ago
4 0

Answer:

  $766.23

Step-by-step explanation:

The amortization formula is appropriate for this. (Better, use a financial calculator or spreadsheet.)

  A = P(r/12)/(1 -(1 +r/12)^-(12t))

where P is the amount borrowed (25,000), r is the annual rate (0.065), and t is the number of years (3).

Putting the given numbers into the formula, we have ...

  A = $25,000(0.065/12)/(1 -(1 +0.065/12)^(-36))

  A = $25,000(.00541667)/(1 -1.00541667^-36)

  A = $25,000(0.00541667)/(0.1767322)

  A = $766.23

The monthly payment is $766.23.

_____

<em>Comment on tools</em>

A graphing or scientific calculator is useful for these. Something like a TI-84, or any of the equivalents, will have financial calculations like this built in. There are also numerous apps available for phone or tablet that will do financial calculations.

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The California Tiger Salamander is an endangered species, which decreases at the rate of 4.6% per year in a habitat that current
stellarik [79]

Answer:

Population after 4 years = 49 (nearest unit)

Population after 5 years  = 47 (nearest unit)

Step-by-step explanation:

Yearly decrease = 4.6%

Decrease factor (what's left) = (100-4.6)% = 0.954

Current population, P = 60

population after n years = P(0.954)^n  (to the nearest unit)

Population after 4 years = 60(0.954)^4 = 49.7 = 49 (nearest unit)

Population after 5 years  = 60(0.954)^5 = 47.4 = 47 (nearest unit)

5 0
2 years ago
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Yuri [45]

Step-by-step explanation:

This can be put into fractions like this

Say x is the length of the missing dimension

8.5/11 = 10.5/x

Because the 2 drawings are SIMILAR, the ratio of their side lengths has to also be the same

8.5 ÷ 10.5 = 0.8095

11 × 0.8095 = 8.9047

Roung the answer to the nearest tenth

x = 8.9 in

5 0
2 years ago
The sum of two consecutive even numbers is 54. Find the numbers.
Reil [10]
Hi! the numbers are 26 and 28!

26+(26+2) =54
8 0
2 years ago
-2/3x + 2.8 = -8.2 what is x
JulsSmile [24]
-2/3x + 2.8 = -8.2 what is x
Add 2.8 on both side of the equation
-2/3x=-11
Divide both side by -2/3
x=33/2

Check: -2/3(33/2)+ 2.8 = -8.2
-11+2.8=-8.2
-8.2=-8.2

Answer is x=33/2
6 0
3 years ago
Your teacher gives you a number cube with numbers 1-6 on its faces. You are asked to state a theoretical probability model for r
butalik [34]

The missing part of the question is show in bold format.

Your teacher gives you a number cube with numbers 1-6 on its faces. You are asked to state a theoretical probability model for rolling it

once. Your probability model shows a probable outcome of 1/6 for each of the numbers on the cube, 1 chance for all any of the 6 numbers.

You roll it 500 times and get the following data:

Outcome 1 2 3 4 5 6

Frequency 77 92 75 90 76 90

Exercises 1–2

1. If the equality model was correct, about how many of each outcome

would you expect to see if the cube is rolled 500 times

2. Based on the data from the 500 rolls, how often were odd numbers observed? How often were even numbers observed?

Answer:

Step-by-step explanation:

1.

If the equally likely model was correct,  about how many of each outcome

would you expect to see if the cube is rolled 500 times.

The probability of rolling any of the numbers from 1 to 6 is  p(1/6)

The number of each of the outcomes expected to be seen in 500 rolls of the number cube is np

= 500 * \frac{1}{6}  \\ \\ = \frac{500}{6} \\ \\  = 83.333 \\ \\ \approx 83

2.  From the given data in the roll;

The odd numbers 1, 3 and 5, were obtained at  77, 75 and 76 times respectively.

Thus, the total number of times odd number were rolled = 77 + 75 + 76 = 228

Probability of an odd number turning up = \frac{ number \ of  \ required  \ outcome}{ total \  number  \ of  \ possible \ outcome}

= \frac{228}{500}

= 0.456

= 45.6%

The even numbers, 2, 4 and 6, were obtained 92, 90 and 90 times respectively.

The total number of times even number were rolled = 92 + 90 + 90 = 272

Probability of an even number turning up  = \frac{ number \ of  \ required  \ outcome}{ total \  number  \ of  \ possible \ outcome}

= \frac{272}{500}

= 0.544

= 54.4%

4 0
3 years ago
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