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3 years ago

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James is looking at attending SMU for a degree in Legal Studies. The tuition and room and board charges (plus books and other ex

penses) for one year will be $64,397.
James does not have this money. He needs a student loan. A Federal Direct Standard Loan has a repayment period of 10 years with an interest rate of 5%.

What will James’ monthly payment be?

Over the life of the loan, how much more than the tuition and room and board charges will James have paid his lender?

1 answer:

mrs_skeptik [129]3 years ago

8 0

Answer:

Monthly payment = $268.32

Over the 10 years interest

= $32198.4

Step-by-step explanation:

According to the question

James will be paying his interest on a monthly basis.

So let's calculate how much the interest of a month it's going to be become with

P = 64397

R = 5

T =1/12

I = (64397*5*(1/12))/100

I = 321985*(1/12)/100

I = 26832.08333/100

I = 268.32

I = $268.32

So he will be paying$ 268.32 every month for 10 years

But in 10 years we have 10*12= 120 months

So total interest = 120*268.32

= $32198.4

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Find the mean, median, mode and range. Round answer to nearest tenth.

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Answer:

The mean is 26.2

The median is 27

The mode is 32

The range is 38

Step-by-step explanation:

The mean is the average, to get it, add all of your values and divide the sum by the number of addends

The median is the middle number of the data set when order from least to greatest

The mode is the most occurred number

The range is the difference between the greatest number and the smallest number

The data:

9, 11, 12, 12, 14, 17, 25, 25, 27, 32, 32, 32, 33, 35, 41, 42, 47

∵ Their sum = 446

∵ They are 17 numbers

∵ Mean = sum ÷ number of data

∴ Mean = 446 ÷ 17 ≅ 26.2

The mean is 26.2

∵ The mean is the middle number of the data

∵ The middle of 17 numbers is the 9th one ( $\frac{17+1}{2}$ )

∵ The 9th one is 27

∴ Median = 27

The median is 27

∵ The mode is the most repeated number

∵ 32 is repeated three times (12 and 25 repeated twice only)

∴ Mode = 32

The mode is 32

∵ Range = greatest number - smallest number

∵ The greatest number is 47

∵ The smallest number is 9

∴ Range = 47 - 9 = 38

The range is 38

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Step-by-step explanation:

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2. Each letter from the word "MASSACHUSSETT " is written on a separate 20 points

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Answer: 4 out of 13

Step-by-step explanation:

Total letters in "MASSACHUSSETT " = 13

Number of S = 4

Probability of an event = $\dfrac{\text{Favorable outcomes}}{\text{Total outcomes}}$

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Hence, the probability of selecting the letter S = 4 out of 13.

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Use the Distributive Property to simplify the expression.<br> 9(3+c+ 4) =

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Tammy has 3 chains of different lengths as shown in the table. Complete the table. Find the length of the longest and shortest c

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We are given chains

For Gold:

we are given length in yard

$L_g=3\frac{1}{2}yd$

we can simplify it

$L_g=3+\frac{1}{2}yd$

$L_g=3.5yd$

In feet:

we can change in feet

we know that

1 yard =3 feet

$L_g=3.5\times 1yd$

$L_g=3.5\times 3ft$

$L_g=10.5ft$

In inch:

we know that

1 feet =12inch

$L_g=10.5\times 1ft$

$L_g=10.5\times 12in$

$L_g=126in$

For Silver:

we are given length in feet

so,

In feet:

$L_s=12.5ft$

In yard:

$1 ft=\frac{1}{3} yd$

so, we can change feet into yard

$L_s=12.5\times 1ft$

$L_s=12.5\times \frac{1}{3} yd$

$L_s=4.1667yd$

In inch:

we know that

1feet =12 in

so, we can change feet into in

$L_s=12.5\times 1ft$

$L_s=12.5\times 12in$

$L_s=150in$

For bronze:

we are given length in in

In inch:

$L_b=148in$

In feet:

we know that

$1 in=\frac{1}{12} ft$

so, we get

$L_b=148\times 1in$

$L_b=148\times \frac{1}{12} ft$

$L_b=12.333 ft$

In yard:

we know that

$1 ft=\frac{1}{3} yard$

$L_b=12.333\times 1ft$

$L_b=12.333\times \frac{1}{3} yard$

$L_b=4.111 yard$

So,

largest chain is silver

smallest chain is gold

In yard:

Largest chain is

$L_s=4.1667yd$

Smallest chain is

$L_g=3.5yd$

In feet:

Largest chain is

$L_s=12.5ft$

smallest chain is

$L_g=10.5ft$

In inches:

Largest chain is

$L_s=150in$

Smallest chain is

$L_g=126in$

Differences:

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