All categories

3 years ago

Trey is taking out a loan for $85000. It is a 20-year loan with an APR of 5.85% what will his monthly payment be?

Mathematics

1 answer:

ololo11 [35]3 years ago

8 0

Answer:

$768.54 (Approximate)

Step-by-step explanation:

Trey is taking out a loan for $85000. It is a 20-year loan with an APR of 5.85%.

Therefore, if we consider the interest rate is simple interest, then using the simple interest formula, the sum will become after 20 years

$85000(1 + \frac{5.85 \times 20}{100}) = 184450$ dollars.

Therefore, the monthly payment for the loan will be $\frac{184450}{20 \times 12} = 768.54$ dollars. (Answer)

You might be interested in

Which number are 3 units from -6

Pachacha [2.7K]

There are 2 numbers that are 3 units from -6, it can be either from the left, in that case it would be -9, or to the right would be -3.

8 0

3 years ago

How to find the surface area of a prism

Anuta_ua [19.1K]

Answer:

If you are talking about the rectangular prism the equation is

2 × L × W + 2 × L × H + 2 × W × H

If you are talking about Triangular prism the equation is

B × H + L × S + L × B + L × C

5 0

3 years ago

2. Given f(x) = 4x -2 and g(x) = x2 + 1, evaluate:

Novosadov [1.4K]

Answer:

a).

f(5) = 18

b).

g(-3) = 10

c).

g(x-2) = x²- 3

d).

f(g(x)) = 4x²- 1

3 0

2 years ago

How do u solve 63=-9d?

Len [333]

-9d = 63
you divide both side by -9

sooo...

d = -7

7 0

3 years ago

Solve for x - PLEASE NEED HELP, this is my 3rd time posting it.

mafiozo [28]

Answer:

$x=58$

Step-by-step explanation:

First, remember that the maximum degree of an angle totals 360°.

Since we already have 294°, this means that what is left must total $360\textdegree - 294\textdegree= 66\textdegree$ .

Therefore, this means that our two smaller angles must equal 66°. So:

$(36)+(x-28)=66$

Solve for x. Add on the left:

$x+8=66$

Subtract 8 from both sides. Therefore, the value of x is:

$x=58$

6 0

3 years ago