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
dmitriy555 [2]
2 years ago
9

Davis is buying a new car for $21,349.00.He plans to make a down payment of $3,000.00.If he's to make monthly payments of $352 f

or the next 5 years what APR had he paid
Mathematics
1 answer:
nekit [7.7K]2 years ago
8 0
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.




You might be interested in
Calculate the snow load for the low-slop (flat) roof. For this structure, we will use the following coefficients. Cs = 1.0 Ce =
CaHeK987 [17]

Answer:
The width of member is as follows:
b = 3 ft

b = 3 × 12 in.

b= 36 in.
The depth of member is as follows:

d = 8 ft

d = 8 × 12 in.

d=96 in.
Since the structure used is Douglas fir-Larch lumber of size 3 × 8 size. Hence, tensile strength, f =1000 psi
Calculate the net area of the member as follows:
A = (b - ∅) × d

A= (36 - 7/8) × 96
A = 3372in^{2}
Calculate the maximum axial tensile load by ASD method as follows:
P = f × A

P = 1000 x 3372

P = 3372000 lbs  
P = 3372 kips

6 0
2 years ago
please someone help I know the answer but I don't know how to place it on the scales below. (15 Points)
guapka [62]

Given:

a. 35% of 150 g

b. 113% of $55

To find:

The correct values for the given blanks.

Solution:

a. 35% of 150 g

Here, the percent part is 35% and percent whole is 100%.

35% of 150 g is:

\dfrac{35}{100}\times 150=52.5

So, the number part is 52.5 g and the whole number is 150 g.

Therefore, the percent part is 35%, number part is 52.5 g and the whole number is 150 g.

b. 113% of $55 g

Here, the percent part is 113% and percent whole is 100%.

113% of $55 is:

\dfrac{113}{100}\times 55=62.15

So, the number part is $62.15 and the whole number is $55.

Therefore, the percent part is 113%, number part is $62.15 and the whole number is $55.

6 0
3 years ago
Find the slope of 4,5 8,3
andreev551 [17]

Answer:

The slope of (-4,3) (-8,5) is perpendicular to this line.

8 0
2 years ago
What is the missing step in solving the inequality 4(x – 3) + 4 < 10 + 6x? 1. The distributive property: 4x – 12 + 4 < 10
earnstyle [38]

The inequality 4(x – 3) + 4 < 10 + 6x is solved as x > -9. Then the variable x is greater than the negative 9. Then the correct option is B.

<h3>What is inequality?</h3>

Inequality is defined as an equation that does not contain an equal sign.

The inequality equation is given below.

4(x – 3) + 4 < 10 + 6x

Then the steps of solving are given below.

1. The distributive property: 4x – 12 + 4 < 10 + 6x

2. Combine like terms: 4x – 8 < 10 + 6x

3. The addition property of inequality: 4x < 18 + 6x

4. The subtraction property of inequality: –2x < 18

5. The division property of inequality: x > –9

Then x is greater than the negative 9.

Then the correct option is B.

More about the inequality link is given below.

brainly.com/question/19491153

#SPJ1

7 0
1 year ago
Which inequalities have -0.5, 2.5, and 4 as part of the solution set? Select all that apply.
Lelu [443]

Z>-3

Z<5

Z< or = 4

These 3 above have the 3 numbers in the solution set!

You just have to test each number in each inequality, and when all 3 of them work, the inequality is a part of the solution set!

Also Thanks for the 50 Points!

3 0
2 years ago
Read 2 more answers
Other questions:
  • The equation of the graph line is 2X-3Y=12
    7·2 answers
  • 7∣x−2∣+7=−2∣x−2∣+2<br><br> Pls answer
    12·1 answer
  • % ____of $10 = $1<br> Helppppppo
    9·1 answer
  • Dominic and Tyler collected soda cans to raise money. Dominic collected 700 cans and Tyler collected 7000 cans. The number of ca
    10·1 answer
  • Giving away free points lol<br> what’s 9 - 7
    13·2 answers
  • Use distributive property<br> -9(-m+4)
    8·2 answers
  • A box with a rectangular base and open top must have a volume of 128 f t 3 . The length of the base is twice the width of base.
    14·1 answer
  • Ffff ffffffffffffffffffffffffffffffffffffffffffff fff
    9·2 answers
  • PLEASE HURRY HELP ME​
    7·2 answers
  • 1 أعط ثلاثة أمجلة
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!