1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fofino [41]
3 years ago
7

Buffy is considering taking out a 14-year loan with monthly payments of $165 at an APR of 2.3%, compounded monthly, and this equ

ates to a loan of $23,680.66. Assuming that Buffy's monthly payment and the length of the loan remain fixed, which of these is a correct statement?
Mathematics
2 answers:
denis23 [38]3 years ago
6 0

Answer:

The correct answer is B) If the interest rate were 2.9%, the amount of the loan that Buffy is considering would be less than $23,680.66.


8_murik_8 [283]3 years ago
3 0
PVAO=p [(1-(1+I/k)^(-kn) /(I/k)]
P payments 165
I interest rate
K compounded monthly
N time 9

165×((1−(1+0.027÷12)^(−12×14))÷(0.027÷12))
=23,061.76

165×((1−(1+0.029÷12)^(−12×14))÷(0.027÷12))
=24,446.65...correct

165×((1−(1+0.025÷12)^(−12×14))÷(0.027÷12))
=21,637.39

165×((1−(1+0.021÷12)^(−12×14))÷(0.027÷12))
=18,665.68 .....correct
The answers are b d

You might be interested in
Select the correct answer.
-Dominant- [34]

Answer:

iuhbucbduibuisdufuif7tdasyvasv

Step-by-step explanation:

4 0
2 years ago
Find the area of the parallelogram.
Zolol [24]

Answer:

14.4 km²

Step-by-step explanation:

A=b

h=4.8·3

≈14.4

3 0
2 years ago
PLZ HELP ;-;
Vaselesa [24]
The answer is x=6 and y=4.

6+4=10

and 8 times 6 + 12 times 4 is 96.
4 0
3 years ago
Read 2 more answers
Can someone help lol
djverab [1.8K]

Answer:

p=30 q=150

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
NO LINKS
Elza [17]
So the answer is 30 packages but I did 25 times 20 = 500 and then 25 times 10 = 250
So. 30 = 750
6 0
2 years ago
Read 2 more answers
Other questions:
  • Out of 100 cars on a used car lot, 20 cars have manual transmissions , 50 cars have air conditioning , and 8 cars have both .
    8·1 answer
  • Lisa had a set of 12 toys cars.Then she gave her sister 3.What fraction of Lisa's set did Lisa give her sister. A 3/4 B 1/4 C 2/
    5·2 answers
  • HELPPPPPPPPPPP PLZZZZZZZZZZZZZZZZZZZZ!!!!!!!!!!!!
    9·2 answers
  • A grocery store sells 6 pounds of apples for $4. How much will 8 pounds of apples cost? Round your answer to the nearest cent.
    6·1 answer
  • Evaluate the expression
    11·1 answer
  • Is ham costs 650 per kg what will 500g cost
    9·1 answer
  • HELP PLEASE!!!
    10·2 answers
  • If 50 out of 100 squares are shaded in, what is the resulting ratio? Express your answer as a fraction, decimal, and a percent.
    5·2 answers
  • Can someone find the answers of this Multiple Choice Questions for me?? Please!
    5·1 answer
  • Please help me answer this question.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!