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xenn [34]
3 years ago
8

Jesse borrowed $16,000 to purchase a new car. He borrowed the money from his local bank by taking out a loan that he would need

to repay over 30 months. If the total interest charge was $2,917.10, what were his monthly payments?
Mathematics
1 answer:
rodikova [14]3 years ago
8 0
The answer is $630.57

You first need to add both the borrowed money and the interest then divide it all by 30

$16,000+$2,917.10= $18917.10

$18917.10/30= $630.57
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Answer:

Step-by-step explanation:

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3 years ago
Rose and Andrew are financing 128,000 to purchase a condominium. They obtained a 15 year fixed rate loan with a rate of 5.05%. T
anzhelika [568]

Amount Financed(P) = $ 128,000

Time = 15 year

Rate of interest= 5.05%

Amount after 15 years translates to,

{\text{Using the formula}} P(1+\frac{R}{100})^n\\\\ 128,000(1 +\frac{5.05}{100})^{15}\\\\ =128,000 \times (1.0505)^{15}\\\\=128,000 \times 2.0938\\\\=268,009.890

Rose and Andrew has taken four points to lower their rate to 4.81% .

   Amount after 15 years translates to, if rate of interest is 4.83 %

{\text{Using the formula}} P(1+\frac{R}{100})^n\\\\ 128,000(1 +\frac{4.83}{100})^{15}\\\\ =128,000 \times (1.0483)^{15}\\\\=128,000 \times 2.0290\\\\=259713.0404

Cost of four points = 268,009.890 - 259,713.0404

                = $8296.8496

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3 years ago
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A sled starts at rest with 51,450 j of potential energy. after traveling part of the way down the slope, the sled has 32,781 j o
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3 years ago
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Bas_tet [7]
5x-10x+ 2(3y-2)= 10y-5x + 4

Multiply 2 x 3y and by -2

5x-10x+6y-4=10y-5x+4

You get 6y-4

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Subtract 10x from 5x to get -5x

6y-4=10y+4

Add 5x to the -5x

6y=10y+8

Add 4 to the other side to get 8

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Subtract 6y-10y to get -4y

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Divide -4y and 8 by -4 to get y by itself and -2

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Answer

Hope this helps
6 0
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