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Marta_Voda [28]
3 years ago
15

How long will it take to pay off a loan of ​$51000 at an annual rate of 12 percent compounded monthly if you make monthly paymen

ts of ​$650​? Use five decimal places for the monthly percentage rate in your calculations.
Mathematics
1 answer:
liraira [26]3 years ago
3 0

Answer:

Given,

The present value of the loan, P.V. = $ 51,000,

Annual rate of interest = 12 %,

So, the rate per month, r = \frac{12}{12} = 1 % = 0.01,

Also, the monthly payment, P = $ 650,

Let n be the number of months,

Since, monthly payment of a loan is,

P=\frac{P.V. (r)}{1-(1+r)^{-n}}

650=\frac{51000(0.01)}{1-(1+0.01)^{-n}}}

By graphing calculator,

n=154.299447759\approx 154.29944

Hence, it will take approximately 154 months to pay off the loan.

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Solve. 1,032 divided by 24 Enter the answer in the box.<br> Response area with 1 text input box
AlexFokin [52]

Answer:

<h2>258</h2>

258\quad \mathrm{Remainder}\quad \:0

Step-by-step explanation:

\frac{1032}{4} \\\\\begin{matrix}4\overline{|\smallspace1032}\space\space\space\space\space\space\space\space\space\space\space\space\end{matrix}\\\\\mathrm{Divide}\:10\:\mathrm{by}\:4\:\mathrm{to\:get}\:2\\\begin{matrix}\space\space\space\space\space\space\emptyspace2\space\space\space\space\space\space\space\space\space\space\space\space\space\space\space\space\\ 4\overline{|\smallspace1032}\space\space\space\space\space\space\space\space\space\space\space\space\end{matrix}\\\\

\mathrm{Multiply\:the\:quotient\:digit}\:\left(2\right)\:\mathrm{by\:the\:divisor}\:4\\\begin{matrix}\space\space\space\space\space\space\emptyspace2\space\space\space\space\space\space\space\space\space\space\space\space\space\space\space\space\\4\overline{|\smallspace1032}\space\space\space\space\space\space\space\space\space\space\space\space\\ \space\space\space\space\space\space\underline{\emptyspace8}\space\space\space\space\space\space\space\space\space\space\space\space\space\space\space\space\end

Long story short ,

\mathrm{The\:solution\:for\:Long\:Division\:of}\:\\\frac{1032}{4}\:\mathrm{is}\\\:258\:\mathrm{with\:remainder\:of}\:0

6 0
3 years ago
What is the solution to -2(8×-4)&lt;2x+5
Monica [59]
Distribute the -2 to get 

-16x + 8 < 2x + 5

3 < 18x 

1/6 < x

so x > 1/6
7 0
3 years ago
Help asappppp hbshhshshhshshsshshshs
SVEN [57.7K]

9 on the top as well so 9 x 2 18 3x2 6 3

8 0
3 years ago
a vehicle factory manufactures cars. The unit cost C (the cost in dollars to make each car) depends on the number of cars made.
timofeeve [1]

Answer:

8,567

Step-by-step explanation:

Given the cost function expressed as C(x)=0.7x^2- 462 x + 84,797

To get the minimum vaklue of the function, we need to get the value of x first.

At minimum value, x = -b/2a

From the equation, a = 0.7 and b = -462

x = -(-462)/2(0.7)

x = 462/1.4

x = 330

To get the minimum cost function, we will substitute x = 330 into the function C(x)

C(x)=0.7x^2- 462 x + 84,797

C(330)=0.7(330)^2- 462 (330)+ 84,797

C(330)= 76230- 152460+ 84,797

C(330) = 8,567

Hence the minimum unit cost is 8,567

7 0
3 years ago
State whether or not the following triangles are similar. If not, explain why not. If so, write a similarity statement
valentinak56 [21]

9514 1404 393

Answer:

  a) ∆RLG ~ ∆NCP; SF: 3/2 (smaller to larger)

  b) no; different angles

Step-by-step explanation:

a) The triangles will be similar if their angles are congruent. The scale factor will be the ratio of any side to its corresponding side.

The third angle in ∆RLG is 180° -79° -67° = 34°. So, the two angles 34° and 67° in ∆RLG match the corresponding angles in ∆NCP. The triangles are similar by the AA postulate.

Working clockwise around each figure, the sequence of angles from lower left is 34°, 79°, 67°. So, we can write the similarity statement by naming the vertices in the same order: ∆RLG ~ ∆NCP.

The scale factor relating the second triangle to the first is ...

  NC/RL = 45/30 = 3/2

__

b) In order for the angles of one triangle to be congruent to the angles of the other triangle, at least one member of a list of two of the angles must match for the two triangles. Neither of the numbers 57°, 85° match either of the numbers 38°, 54°, so we know the two triangles have different angle measures. They cannot be similar.

7 0
3 years ago
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