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
Otrada [13]
3 years ago
13

Gilbert is graduating from college in one year, but he will need a loan in the amount of $5,125 for his last two semesters. He m

ay either receive an unsubsidized Stafford Loan with an interest rate of 6.8%, compounded monthly, or his parents may get a PLUS Loan with an interest rate of 7.8%, compounded monthly. The Stafford Loan has a grace period of six months from the time of graduation. Which loan will have a higher balance at the time of repayment and by how much?
Mathematics
1 answer:
sleet_krkn [62]3 years ago
7 0
First, determine the effective interests given both interest rates.

(1)   ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2)   ieff = (1 + 0.078/12)^12 - 1 = 0.08085

Calculating the interests will entail us to use the equation,
     I = P ((1 + i)^n - 1)

Substituting the known values,
  (1)    I = ($5125)((1 + 0.07016)^1/2 - 1)
          I = $176.737

   (2)    I = ($5125)(1 + 0.08085)^1/2 - 1)
            I = $203.15

a. Hence, the greater interest will be that of the second loan. 

b. The difference between the interests,
    d = $203.15 - $176.737
          $26.413
You might be interested in
Evaluate the expression: (3x+1), when x=3
Anuta_ua [19.1K]

Answer:

10

Step-by-step explanation:

(3x+1)=3*3+1=9+1=10

6 0
3 years ago
reflection symmetry is the quality a design has if it maintains all characteristics when it is rotated about an axis lying in it
OlgaM077 [116]

Answer:

True if reflection over a line.

Step-by-step explanation:

Given that there is a reflection symmetry. We have to discuss about the quality of the design.

By reflection , we mean it can be either on a line or on a point.

If symmetry is on a line, then we get a mirror image of the original one keeping the line of symmetry as mirror.  Hence in this case when rotated about axis of symmetry lying it its plane the original design would be maintained.

Examples are : Circles, ellipses, hyperbolas, etc.

Reflection about a point is obtained by keeping equal distance form the point.

For example, reflection of (1,1) over origin would be (-1,-1)

Here the rotation quality may not apply

8 0
3 years ago
Read 2 more answers
-7 2/3 +(-5 I/2) + 8 3/4=
Monica [59]

Answer:-53/12

Step-by-step explanation:

-7 2/3+(-5 1/2)+8 3/4

-7 2/3-5 1/2+8 3/4

-23/3 - 11/2 + 35/4

(4x-23 - 6x11 + 3x35)/12

(-92-66+105)/12=-53/12

4 0
3 years ago
WILL GIVE BRAINLIEST!
grin007 [14]

Answer:

D

Step-by-step explanation:

12.50 x 5 = 62.5

62.5 + 20 = 82.5

6 0
3 years ago
Please help me out!​
Zanzabum

Answer:

n = 7 I did 9 - 2

8 0
3 years ago
Other questions:
  • How do you do this Math QUESTION ASAP FAST QUICKLY PLEASE!!!!
    8·1 answer
  • Solve the quadratic equation by factoring.<br> 4x²-20x+28=3
    5·1 answer
  • Please answer this question!
    5·1 answer
  • Decimal Operation 0.96 divided by 0.144how??
    15·2 answers
  • 18. Solve the following equation: 3(4x+8)=2(6x +12)​
    15·2 answers
  • What is the absolute value of –20?<br><br> Use the number line to answer the question.
    10·2 answers
  • What is the value of m in the equation 2m - (m + 1) = 0?
    15·1 answer
  • Please help i need to know this answer ASAP
    14·1 answer
  • 70×2 -40 = what answer right this is for fun you'll get brainliest​
    7·2 answers
  • 5 cm
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!