To find the Least Common Multiple you first have to write down multiples of each number until one same multiple occurs in both lists. Once you find that multiple you can circle it to use it in your answer.
To find the greatest common factor you just have you list all the factors of that number and the other's too. Then you circle the largest factor that occurs in both lists.
Answer:
h = 59 hours
Step-by-step explanation:
Total earnings = fixed charge + variable charge
Fixed charge = $65
Variable charge = $15h
Where, h = number of hours
Total earnings = $950
Total earnings = fixed charge + variable charge
950 = 65 + 15h
Subtract 65 from both sides
950 - 65 = 65 + 15h - 65
885 = 15h
Divide both sides by 15
h = 885 / 15
= 59
h = 59 hours
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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.
