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
Finger [1]
3 years ago
12

Terry has just purchased a new car, which had a list price of $16,825. She had to pay 7.19% sales tax, a $1,128 vehicle registra

tion fee, and a $190 documentation fee. Terry traded in her previous vehicle, a 2003 Honda Element in good condition, and financed the rest of the cost over five years at an interest rate of 10.59%, compounded monthly. If the dealer gave Terry 90% of the listed trade-in value on her car, how much will Terry have paid in interest, once the loan is paid off? (Round all dollar values to the nearest cent, and consider the trade-in to be a reduction in the amount paid.)
Mathematics
2 answers:
Anarel [89]3 years ago
7 0
Total cost of purchasing the car = $16,825 + 0.0719 x $16,825 + $1,128 + $190 = $19,352.72
Value of her previous car = 0.9 x $16,825 = $15,142.50

Amount being owed by Terry = $19,352.72 - $15,142.50 = $4,210.22

The present value of annuity is given by PV = P(1 - (1 + r/t)^-nt) / (r/t)
where P is the monthly payment, r is the rate = 10.59% = 0.1059, t is the number of periods in a year = 12, n is the number of years.

4,210.22 = P(1 - (1 + 0.1059/12)^-(5 x 12)) / (0.1059/12)
0.1059(4,210.22) = 12P(1 - (1.008825)^-60)
P = 445.862298 / 4.916774288 = 90.68

Amount of interest paid = 60(90.68) - 4,210.22 = 5440.80 - 4210.22 = $1230.58
BartSMP [9]3 years ago
6 0

Answer:

the answer is D!!!!!! on E2020

Step-by-step explanation:


You might be interested in
The management of a relatively new social networking website named BooglePlus is conducting a pilot study comparing use of its o
zavuch27 [327]

Answer:

0.0623 ± ( 2.056 )( 0.0224 ) can be used to compute a 95% confidence interval for the slope of the population regression line of y on x

Step-by-step explanation:

Given the data in the question;

sample size n = 28

slope of the least squares regression line of y on x or sample estimate = 0.0623

standard error = 0.0224

95% confidence interval

level of significance ∝ = 1 - 95% = 1 - 0.95 = 0.05

degree of freedom df = n - 2 = 28 - 2 = 26

∴ the equation will be;

⇒ sample estimate ± ( t-test) ( standard error )

⇒ sample estimate ± ( t_{\alpha /2, df) ( standard error )

⇒ sample estimate ± ( t_{0.05 /2, 26) ( standard error )

⇒ sample estimate ± ( t_{0.025, 26) ( standard error )

{ from t table; ( t_{0.025, 26) = 2.055529 = 2.056

so we substitute

⇒ 0.0623 ± ( 2.056 )( 0.0224 )

Therefore, 0.0623 ± ( 2.056 )( 0.0224 ) can be used to compute a 95% confidence interval for the slope of the population regression line of y on x

5 0
3 years ago
Given that cos 63°≈ 0.454, enter the sine of a complementary angle.<br> sin
jek_recluse [69]

Answer:

\cos(63^\circ) is the same as \sin(27^\circ) by co-function identities

Step-by-step explanation:

Remember that complementary angles add up to 90°. The angle that i s complementary to 63° is 27°.

Also recall the co-function identities:

  • sin (90° – x) = cos x
  • cos (90° – x) = sin x

This means that \cos(90^\circ-27^\circ)=\sin(27^\circ)\approx0.454.

4 0
2 years ago
Carla is cutting pieces of string that are exactly inches long. How many pieces can she cut from a ball of string that is 100 fe
siniylev [52]

Answer:

the answer is  Length of each string = 195/8 inch

Total length= 100*12 = 1200 inch

Number of pieces = Total length/ Length of each piece = 1200/ (195/8)= (1200*8)/195

Step-by-step explanation:

6 0
3 years ago
A candy shop charges 8.99 a pound it's competitor charges 6.50 for 12 ounces which is a better deal and by how much
Gnom [1K]

Answer:

It is a better deal to do the 6.50 for 12 ounces

Step-by-step explanation:

The reason is because the is 16 ounces in a pound so you would do 8.99/16 and you get .56 per ounce but is you do 6.50/12 you get .54 per ounce which is a better deal.

Hope this helped!!

3 0
3 years ago
I need help with solving 378+16 but it is adding using groups of 10 and 100
hammer [34]
394 is the answer using addition
7 0
3 years ago
Other questions:
  • 100pts: Prove, for all positive integers n, that (n! + 1) is not divisible by any positive integers less than or equal to n.
    5·2 answers
  • Janelle has $425.82 in her checking account. Exactly how much does she have in her account after she makes a deposit of $120.75
    13·1 answer
  • (02.02)Line segment EF is shown on a coordinate grid: A coordinate plane is shown. Line segment EF has endpoints negative 3 comm
    7·2 answers
  • PLSSSSS HELP ME, I think it is 35 but idk is that right?
    12·1 answer
  • 6/36 in simplest form
    5·2 answers
  • Consider this three-digit sequence: 943. Is the first digit the largest or the second digit the smallest, AND, is the third digi
    11·1 answer
  • The question: how old am I if 400 reduced by 2 times my age is 352?
    8·1 answer
  • How do you simplify 3/8
    14·2 answers
  • A recipe calls for 1/2 lb of flour for 1 batch. How many batches can be made with 1/4 lb?
    11·2 answers
  • At Micaela's Printing Company LLC there are two kinds of penting presses: Model A which can print 60 books per day and Model B w
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!