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sergiy2304 [10]
3 years ago
10

You have $2,000 on a credit card that charges a 16% interest rate. If you want to pay off the credit card in 5 years, how much w

ill you need to pay each month (assuming you don't charge anything new to the card)?
Mathematics
1 answer:
katrin2010 [14]3 years ago
8 0

9514 1404 393

Answer:

  $48.64

Step-by-step explanation:

The monthly payment amount is given by the amortization formula ...

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

where P is the loan amount, r is the annual interest rate compounded n times per year for t years.

Here, you have P=2000, r=0.16, n=12 (months per year), t=5 (years), so the payment is ...

  A = $2000(0.16/12)/(1 -(1 +0.16/12)^(-12·5)) = $320/(12(0.54828942))

  A ≈ $48.636 ≈ $48.64

You will need to pay $48.64 each month to pay off the charge in 5 years.

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CHECK MY WORK PLEASE
Likurg_2 [28]

Answer:

Letter D)    C(w)=75w+100

Step-by-step explanation:

you have to pay $100 for the enrollment fee and w goes with 75 because you have to pay $75 per week.

Hope this helps

4 0
3 years ago
Explain why you would make one of the addends a tens number when solving an addition problem
leonid [27]
<span> You refer to a multiple of ten. As a multiple of ten you can just add it to another number easier than a "ones number".</span>
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3 years ago
COMPLETE THE STATEMENT. round to the nearest hundredth if necessary.
Reptile [31]

Answer:

1.13

Step-by-step explanation:

check attached file

5 0
3 years ago
Read 2 more answers
An exponential function is graphed for all real numbers. This includes which of the following sets of numbers?
anygoal [31]

<span>In addition to linear, quadratic, rational, and radical functions, there are exponential functions. Exponential functions have the form f(x) = <span>bx</span>, where b > 0 and b ≠ 1. Just as in any exponential expression, b is called the base and x is called the exponent.</span>

 

<span>An example of an exponential function is the growth of bacteria. Some bacteria double every hour. If you start with 1 bacterium and it doubles every hour, you will have 2x bacteria after x hours. This can be written as f(x) = 2x.</span>

 

<span>Before you start,   f(0) = 2<span>0 </span>= 1</span>

<span>After 1 hour           f(1) = 21 = 2</span>

<span>In 2 hours              f(2) = 22 = 4</span>

<span>In 3 hours              f(3) = 23 = 8</span>

and so on.

 

 

<span>With the definition f(x) = <span>bx</span> and the restrictions that b > 0 and that b ≠ 1, the domain of an exponential function is the set of all real numbers. The range is the set of all positive real numbers. The following graph shows f(x) = 2x.</span>

<span> </span>

8 0
3 years ago
A grown man will burn roughly 120 calories for each mile run. How many calories will be burnt when a grown man runs 6.5 miles
WARRIOR [948]
Answer is 780 calories
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3 years ago
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