I cant find the answer what is the answer

Andy estimated that he would need 76 feet of lumber for a tree house project. He later found that the actual amount of lumber ne

lara31 [8.8K]

quantity error=76-65

=11

percent error= 11/65=0.16923

=16.92

7 0

4 years ago

Oh, boy! Look at that monthly payment from Question 2 above! Molly cannot afford the monthly payment using the 0% financing. She

viktelen [127]

The car payment plan that has an APR of 1.9% is, on the short term, pocket

friendly.

The correct responses are;

First part: The amount of loan Molly needs is $22,495

Second part: Molly's monthly payment will be approximately $286.2

Third part: The total interest Molly will pay using the plan is approximately $1,545.8

Fourth part: The amount the car costs Molly using the plan is approximately $26,540.8

Reasons:

The question parameters are;

Molly is comparing Auto Loans on Jeep website

Selling price of the Jeep, P = $25,495

The down payment Molly has = $2,500

The Cash Allowance = $500

Number of months of payment, n = 84 months

The Annual Percentage Rate, APR, r = 1.9%

First Part:

Loan needed = $25,495 - $2,500 - $500 = $22,495

The amount of loan Molly needs = $22,495

Second Part:

The monthly payment is given by the formula;

$\displaystyle M = \mathbf{\dfrac{P \cdot \left(\dfrac{r}{12} \right) \cdot \left(1+\dfrac{r}{12} \right)^n }{\left(1+\dfrac{r}{12} \right)^n - 1}}$

Therefore;

$\displaystyle M = \dfrac{22,495 \times \left(\dfrac{0.019}{12} \right) \times \left(1+\dfrac{0.019}{12} \right)^{84} }{\left(1+\dfrac{0.019}{12} \right)^{84} - 1} \approx \mathbf{286.2}$

Molly's monthly payment will be M ≈ $286.2

Third part:

The total interest, I = Sum of payment - Loan amount

∴ The total interest, I ≈ $286.2/month × 84 month - $22,495 ≈ $1,545.8

The total interest Molly will pay using the loan, I ≈ $1,545.8

Fourth part:

The cost of the car, C, using the 1.9% APR financing plan is the sum of the down payment plus sum of the loan repayment

Therefore;

C ≈ $2,500 + $286.2/month × 84 months = $26,540.8

The cost of the car using the 1.9% APR financing plan, C ≈ $26,540.8

The question parameters obtained from a similar question are;

Selling price of the car = $25,495

Financing = 1.9% APR for 84 months with a cash allowance of $500

Learn more about loan payment here:

brainly.com/question/1040657

3 0

3 years ago

the figure below shows segments ac and ef which intersect at point b. segment af is parallel to segment ec: which of these facts

Alinara [238K]

angle A = angle C angle F = angle E because of some line through parallel lines postulate

3 0

3 years ago

Read 2 more answers

Sorry guys the highness of the % is 93 points so here you go thx for helping!!:}

agasfer [191]

Answer:

Thanks! But why report when the people can't see this question or even get the points since its from a while ago

step-by-step explanation:

3 0

3 years ago

Is the answer a or b and why?

Nataliya [291]

Answer:

B

Step-by-step explanation:

The area between the curves y = d and y = f(x), between the limits x=a and x=b, is:

∫ₐᵇ (d − f(x)) dx

Alternatively, the area between the curves x = f(y) and x = a, between the limits y = c and y = d, is:

∫ᵈ (f(y) − a) dy

Answer A would give you the area between x = f(y) and the y-axis. It needs to include the − a term to be correct.

7 0

3 years ago