Answer:
$1,220,200
Step-by-step explanation:
The total of Mary's payments is ...
$3695.20/mo × 30 yr × 12 mo/yr = $1,330,200
The difference between this repayment amount and the value of her loan is the interest she pays:
$1,330,200 -110,000 = $1,220,200 . . . total interest paid
_____
Mary's effective interest rate is about 40.31% per year--exorbitant by any standard.
Answer:
The answer is D.
Step-by-step explanation:
Answer:
alright, where's the fraction?
Answer:
352x^2
Step-by-step explanation:
40\times 1.25x\times 2.20x\times 3.2040×1.25x×2.20x×3.20
(40)1.25x2.20x3.20
+ − . ln > <
× ÷ / log ≥ ≤
( ) logx = %
1 Take out the constants.
(40\times 1.25\times 2.20\times 3.20)xx(40×1.25×2.20×3.20)xx
2 Simplify 40\times 1.2540×1.25 to 5050.
(50\times 2.20\times 3.20)xx(50×2.20×3.20)xx
3 Simplify 50\times 2.2050×2.20 to 110110.
(110\times 3.20)xx(110×3.20)xx
4 Simplify 110\times 3.20110×3.20 to 352352.
352xx352xx
5 Use Product Rule: {x}^{a}{x}^{b}={x}^{a+b}x
a
x
b
=x
a+b
.
352{x}^{2}352x
2
Done
