Ask question

Ask question

All categories

3 years ago

8

Based on the information below, choose the correct answers. Note: The monthly loan payment was calculated at 119 payments of $33

0.38 plus a final payment of $329.73. Loan Balance: $25,000.00 Loan Interest Rate: 10.0% Monthly Loan Payment: $330.38 Number of Payments: 120 Cumulative Payments: $39,644.95 Total Interest Paid: $14,644.95 On average, what dollar amount of each monthly payment is interest? $ What percent of the total payments is total interest? %

1 answer:

Margaret [11]3 years ago

6 0

Answer:

$122.04
36.94%

Step-by-step explanation:

a) The amount of concern is ...

(total interest)/(number of payments) = interest/payment

$14,644.95/120 ≈ $122.04 . . . . amount of interest per payment

__

b) The ratio of concern is ...

(total interest)/(total payments) × 100% = 14,644.95/39,644.95 × 100%

≈ 36.94% . . . . percent of total payments that is interest

You might be interested in

What is this 12 x ? = 5

Natasha_Volkova [10]

The answer is: x= 5/12 or x=0.416

5 0

3 years ago

Read 2 more answers

In a popular online role playing game, players can create detailed designs for their character's "costumes," or appearance. Lata

Artist 52 [7]

Answer:

52/79

Step-by-step explanation:

One costume = 156 (This is our numerator.)

All visitors = 156 + 58 + 23 = 237 (This is our denominator.)

156/237

Find the GCF to simplify (sneak peek it's 3)

156/3 = 52

237/3 = 79

52/79 (tada!)

4 0

3 years ago

A clock has a face with a radius of 11.5 centimeters. What is the approximate circumference of the clock?

antiseptic1488 [7]

C = 2 pi r
C = 2 x 3.14 x 11.5
C = 72.22
answer is <span>
A. 72.22 cm</span>

6 0

3 years ago

Read 2 more answers

This is due tomorrow if someone could help me that would be great <3

kifflom [539]

<u>Hope this helped!</u>

<u>First Row</u>

$\frac{5}{18}$

$\frac{10}{21}$

$\frac{9}{40}$

6

5 $\frac{1}{3}$

(this one is already done)

<u>Second Row</u>

4 $\frac{4}{9}$

5 $\frac{1}{16}$

$\frac{13}{18}$

6 $\frac{1}{4}$

11 $\frac{2}{3}$

5 0

2 years ago

The heights of a certain type of tree are approximately normally distributed with a mean height p = 5 ft and a standard

arsen [322]

Answer:

A tree with a height of 6.2 ft is 3 standard deviations above the mean

Step-by-step explanation:

⇒ $1^s^t$ statement: A tree with a height of 5.4 ft is 1 standard deviation below the mean(FALSE)

an X value is found Z standard deviations from the mean mu if:

$\frac{X-\mu}{\sigma} = Z$

In this case we have: $\mu=5\ ft$ $\sigma=0.4\ ft$

We have four different values of X and we must calculate the Z-score for each

For X =5.4\ ft

$Z=\frac{X-\mu}{\sigma}\\Z=\frac{5.4-5}{0.4}=1$

Therefore, A tree with a height of 5.4 ft is 1 standard deviation above the mean.

⇒ $2^n^d$ statement:A tree with a height of 4.6 ft is 1 standard deviation above the mean. (FALSE)

For X =4.6 ft

$Z=\frac{X-\mu}{\sigma}\\Z=\frac{4.6-5}{0.4}=-1$

Therefore, a tree with a height of 4.6 ft is 1 standard deviation below the mean .

⇒ $3^r^d$ statement:A tree with a height of 5.8 ft is 2.5 standard deviations above the mean (FALSE)

For X =5.8 ft

$Z=\frac{X-\mu}{\sigma}\\Z=\frac{5.8-5}{0.4}=2$

Therefore, a tree with a height of 5.8 ft is 2 standard deviation above the mean.

⇒ $4^t^h$ statement:A tree with a height of 6.2 ft is 3 standard deviations above the mean. (TRUE)

For X =6.2\ ft

$Z=\frac{X-\mu}{\sigma}\\Z=\frac{6.2-5}{0.4}=3$

Therefore, a tree with a height of 6.2 ft is 3 standard deviations above the mean.

6 0

3 years ago