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yanalaym [24]
3 years ago
10

Say that you (or your parents) are purchasing a used car for $19,850. The sales tax is 7.5%, the down payment is $1,000.00, and

you have an average credit rating. If your first payment is $425.98, how much of the payment goes toward the principal?
Mathematics
2 answers:
IgorLugansk [536]3 years ago
5 0
We are NOT told  1) the finance charge and 2) the amount of time
<span> <span> 19,850.00 <span> Car Price
+1,488.75 Sales Tax </span> <span>
</span><span> -1,000.00 Down Payment
</span> 20,338.75 </span> </span> This is the amount being financed

Using a loan calculator http://www.1728.org/calcloan.htm
We see that if the loan is for 9.382% and it is for 5 years,
Then the monthly payment is $425.98
We will make 60 (12 months * 5) monthly payments resulting in a total loan cost of 425.98 * 60 =
  <span> <span> 25,558.80 </span> </span> Total Loan Cost
-20,338.75  Money Being Financed

   5,220.05  Five Year's Interest
********************************************************************
THIS ISN'T EXACTLY RIGHT - SCROLL TO THE BOTTOM
So, 5,220.05 / 60 = Interest Paid each month.
= $87.00

So,
425.98
 -87.00
<span> <span> 338.98 </span> </span> Each month goes toward the principal.
******************************************************************************************
Although, the monthly payment remains exactly the same each month, the amount going toward interest and the amount going to equity (what you own), changes drastically each month.
See the mortgage calculator
http://www.1728.org/mortmnts.htm

So, your first payment, of 452.98 pays for $159.02 in interest and $266.95 in principal.


mr_godi [17]3 years ago
3 0

Answer:

$326.83

Step-by-step explanation:

19850 x 1.075 (sales tax) =21,338.75

21,338.75 - 1000 (downpayment) = 20,338.75

20338.75 x .0585/12 (interest rate) = 99.15 interest

425.98 payment - 99.15 interest = 326.83 payment to principal

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In the figure shown, r || s. If the measure of ∠ 2 = 146°, what is the measure of ∠ 7
borishaifa [10]

Answer:

34°

Step-by-step explanation:

1. First, let's find the measure of ∠1 because since r || s, that means ∠1 = ∠7 because they're both alternate exterior angles. Alternate exterior angles are congruent.

2. (Solving for ∠1)

  • 146 + x = 180
  • 146 + x - 146 = 180 - 146
  • x = 34

3. Now, since we know ∠1 = ∠7, ∠7 = 34°.

3 0
2 years ago
An online furniture store sells chairs for $200 each and tables for 166o ach. Every
ladessa [460]

Answer:

15 tables

Step-by-step explanation:

Chairs = $200

Tables = $600

Maximum items = 39

Minimum sales = $13,000

If 20 chairs are sold, revenue is $4,000. At least $9,000 in additional revenue is required. To earn $9,000, a minimum of 15 tables would need to be sold, which is fine since a maximum of 19 tables is permitted to be sold.

4 0
3 years ago
Read 2 more answers
N a game, four cards are labeled N, S, E, and W. Two tiles are numbered 1 and 2. Two discs are red and blue. A player randomly s
algol [13]

Answer: The probability that the player selects a card with S or E, a tile with 2 and a red disc is given as 0.125 (or 1/8)

Step-by-step explanation: If four cards are labelled N, S, E and W, then that means there are a total of four possible outcomes. Also with tiles numbered 1 and 2 there are a total of two possible outcomes when selecting tiles. Then there are two discs in total (one red and one blue) which means there are a total of two outcomes when selecting discs.

To select a card with S would be calculated as follows;

P(S) = Number of required outcomes/Number of all possible outcomes

P(S) = 1/4

P(S) = 0.25

To select a card with E would likewise be calculated as follows;

P(E) = Number of required outcomes/Number of possible outcomes

P(E) = 1/4

P(E) = 0.25

Therefore, the probability that a player selects a card with S or E is derived as follows;

P(S or E) = P(S) + P(E)

P(S or E) = 0.25 + 0.25

P(S or E) = 0.5

The probability that he selects a tile with 2 written on it is calculated as;

P(T2) = Number of required outcomes/Number of all possible outcomes

P(T2) = 1/2

P(T2) = 0.5

The probability that he will select a red disc is calculated as;

P(R) = Number of required outcomes/Number of possible outcomes

P(R) = 1/2

P(R) = 0.5

Therefore, the probability that the player selects a card with S or E, a tile with 2 and a red disc is calculated as;

P(S or E and T2 and R) = 0.5*0.5*0.5

P(S or E and T2 and R) = 0.125

Hence the probability that the player selects a card with S or E, a tile with 2 and a red disc is 0.125 (or 1/8).

5 0
3 years ago
A spinner is split into 4 equal parts labeled 1, 2, 3, and 4.
ivolga24 [154]

Answer:

50%

Step-by-step explanation:

If there are 4 parts to the spinner, 4 is the whole. Since there are 2 even numbers (2&4), the fraction would be \frac{2}{4}, which is simplified to \frac{1}{2}. And because \frac{1}{2} could also turn into \frac{50}{100}, the percentage is 50%.

Hope this helps :)

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3 years ago
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3 years ago
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