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
Rudiy27
3 years ago
6

Question 10 (7 points) d Elizabeth borrowed $20,000 for five years at a 5% annual interest rate, what is her monthly payment, to

the nearest dollar? A. $252 B. $334 C. $377 D. $4050 E. None of these Save
Mathematics
1 answer:
zhenek [66]3 years ago
4 0

Answer:

monthly payment is $377

C is the correct option.

Step-by-step explanation:

The formula for the monthly payment is given by

C=\frac{Prt(1+r)^n}{(1+r)^n-1}

Given that,

P =  $20,000

n = 5 years = 60 months

r = 0.05

Substituting these values in the formula

C=\frac{20000\cdot \frac{0.05}{12}(1+\frac{0.05}{12})^{60}}{(1+\frac{0.05}{12})^{60}-1}

On simplifying, we get

C=\$377.425\\\\C\approx \$377

Therefore, the monthly payment is $377

C is the correct option.

You might be interested in
1(x-2)= -5.5 solving for x. What's the answer
Lapatulllka [165]

Answer:

x = -3.5

Step-by-step explanation:

1(x-2) = -5.5

x-2 = -5.5

 +2    +2

x = -3.5

3 0
3 years ago
Need helpppppppppppp
notka56 [123]

Answer:

b

Step-by-step explanation:

6 0
3 years ago
9) If two ropes measure 3 2/3 yards and 8/9 yard, how much longer is the first
jenyasd209 [6]
Think of two ropes next to each other. Draw a picture if it helps. To find how much longer, start with the longer one and subtract the shorter length to get the difference, or “how much longer.”
To subtract fractions they have to be changed to the same denominator. First change 3 2/3 to a complex fraction; multiply the coefficient 3 times the denominator 3, then add the numerator. 3X3=9. 9+2=11 . 11 is now numerator, use same denominator. So you get 11/3. Then change denominator to 9. To do this you have to multiply by what? You would multiply by 3. Do the same to the numerator: 11 X 3=33. The fraction becomes 33/9. Now you can subtract. Now that both have the same denominator, you just subtract the numerators. 33-8=25. So, 33/9-8/9= 25/9
3 0
3 years ago
HELP PLEASE ALMOST DUE
OLga [1]
Keisha drank the average amount of water 1 of the days.

if he drinks 1 quart, his average is 21/13.

5 0
3 years ago
Read 2 more answers
Archimedes was asked by his king to figure out a way of telling if people were giving him fake gold objects. That was when Archi
klio [65]

Answer:

See explanation below

Step-by-step explanation:

Archimedes was able o obtain the actual volume of the supposedly gold made object by collecting the water displaced by the object as it was sunk on a bowl filled with water to the rim. Then knowing the volume displaced and therefore the volume of the object, he could find the object's density (mass over volume). The mass he could get just by weighting the object. and compare that with the density of any other object made of real gold (like for example a coin) and see if the quotient was the same. The density of both objects should be the same if they are made of the same material.

6 0
3 years ago
Other questions:
  • Which graph shows the following:
    14·1 answer
  • An arithmetic progression is a sequence of numbers in which the distance (or difference) between any two successive numbers if t
    5·1 answer
  • Find ​(a) the slope of the curve at the given point​ p, and ​(b) an equation of the tangent line at p. y=−2−9x2​; ​p(2​,−38​)
    12·1 answer
  • PLZ HELP ME OUT How do I know a number is rational or irrational?
    6·1 answer
  • Which figure shows the next step to construct a congruent angle at r
    11·2 answers
  • I just need help with my math work
    13·1 answer
  • Please help me it is very urgent!!!
    6·1 answer
  • What is the reason for each step in the solution of the inequality?
    8·1 answer
  • Help! Will mark brainliest!
    12·1 answer
  • What is RS? Put the answer below.<br><br> RS =
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!