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
Usimov [2.4K]
2 years ago
7

Edgar has taken out a $6,250 unsubsidized Stafford loan to fund his four-year undergraduate degree. The loan has a duration of 1

0 years and an interest rate of 6.1%, compounded monthly. How much interest capitalization will have accrued by the time Edgar graduates? Round all dollar values to the nearest cent.
a.
$1,670.30
b.
$1,722.22
c.
$664.35
d.
$1,524.96
Mathematics
1 answer:
abruzzese [7]2 years ago
5 0
The present worth of the loan is <span>$6,250
</span>The start of payment will after 4 years
The nominal interest rate is 6.1% compounded monthly which is equal to 6.27% effective.

The future worth (after graduation) of the loan is
F = <span>$6,250 (1 + 0.0627)^4 = $7,971.18

The interest is 
</span>$7,971.18 - $6,250 = $1,721.18
I didn't round off when solving these so it's not the exact answer among the choices  but the closest is letter B <span>$1,722.22</span>
Brianna bts
2 years ago
confusing but okay
You might be interested in
What's the best Approximation? :3
musickatia [10]
Area of shaded region = Area of larger circle - Area of smaller circle.

We know, Area of a Circle = πr²
So, A = πr₁² - πr₂²
A = π (r₁² - r₂²)
A = π(10.2² - 5.4²)
A = 3.14 (104.04 - 29.16)
A = 3.14 (74.88)
A = 235.12

In short, Your Answer would be 235.12 cm²

Hope this helps!
3 0
3 years ago
What is two over eight minus 1 over 2
avanturin [10]

The answer is -1/4 I’m in 11th grade trust me

3 0
3 years ago
Read 2 more answers
Help me with this pls
SSSSS [86.1K]

Answer:

1/625 or 0.0016

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Write parametric equations of the line y=4x-5
Rasek [7]

Answer:

A set of parametric equations for the line y = 4x - 5 is;

x = t

y = 4t - 5

Step-by-step explanation:

To find a set of parametric equations for the line y = 4x - 5;

We can assign either variable x or y equal to the parameter t, in this case we can easily let x = t

We then substitute x = t in the original equation;

y = 4t - 5

Therefore, a set of parametric equations for the line y = 4x - 5 is;

x = t

y = 4t - 5

7 0
3 years ago
Riddle (o˘◡˘o)
HACTEHA [7]

Answer:

Step-by-step explanation:

The maths teacher because it was the first day back but he was giving a ‘miD YeAr tEsT’

7 0
3 years ago
Read 2 more answers
Other questions:
  • Given the sequence 7, 14, 28, 56, ..., which expression shown would give the tenth term? 7^10 7•2^10 7•2^9
    5·2 answers
  • an item that originally cost 100 is decreased by 8% the reduced price is then increased by 8% the resulting price is what? A. 10
    11·2 answers
  • Barry rode his scooter for 24 minutes at a speed of 0.5 miles per minute. How far did he go?
    12·2 answers
  • Ms.Bass gave her class 12 minuets to read. Carrie read 5 1/2 pages in that time. At what rate, in pages per hour, did Carrie rea
    14·1 answer
  • Robbie owns 15% more movies than Rebecca, and Rebecca owns 10% more movies than Joshua. If Rebecca owns 220 movies, how many mov
    12·1 answer
  • Help please can figure this out
    14·1 answer
  • Read this excerpt from The People Could Fly
    11·2 answers
  • Use a math drawing to explain why LaTeX: \frac{4}{5}=\frac{4\:\times3}{5\:\times3}\:=\frac{12}{15}4 5 = 4 × 3 5 × 3 = 12 15 .
    14·1 answer
  • Find the measure of the missing angle.
    10·2 answers
  • Emma buys a game for $26.84 she gives the clerk $30.00. List Emma’s change using the least amount of dollar bills and coins
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!