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Daniel [21]
3 years ago
12

HELP! will mark BRAINILEST !

Mathematics
1 answer:
Sedbober [7]3 years ago
6 0
I like A as the best one

420 = 100*price - (fixed costs)
220 = 60*price - (fixed costs)

If we subtract one from the other one, we get 200 = 40*price, price = 5
that said, fixed costs are 500 - 420 = 80

Now if we move -220 to the right in Answer A, we'll get:

y = 5x -300 + 220 = 5x - 80

So it looks like A describes the model best
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Phil can afford $200 a month for 5 years for a car loan. if the interest rate is 7.5 percent, how much can he afford to borrow t
madreJ [45]
200 per month for 5 years = 12,000
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That would be the payment total.
So, how do we solve for the PRINCIPAL?
Looking at the attached formula, we see the
principal = Total - Total * ((1 +r)^-n) / r * n
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rate / 1.200 = 7.5/1,200 = .00625
 
principal = [12,000 - 12,000 * (1.00625)^-60] / .375
principal = [12,000 - 12,000 * <span> <span> <span> 0.6880918239 </span> </span> </span> ] / .375
principal = [12,000 - <span> <span> <span> 8,257.1018863488] / .375
</span></span></span>principal = <span> <span> <span> 3,742.</span></span></span>90 / .375
principal = 9,981.06

Source:
http://www.1728.org/loanfrm4.htm


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Step-by-step explanation:

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