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3 years ago

Please help!! Question is above in the image

Mathematics

1 answer:

klasskru [66]3 years ago

7 0

9514 1404 393

Answer:

$503.85

Step-by-step explanation:

The amortization formula can help with this.

A = P(r/12)/(1 -(1 +r/12)^(-n))

where P is the loan value, A is the monthly payment, r is the annual interest rate, and n is the number of monthly payments.

We want to find P. All of the other values are given.

P = A(1 -(1 +r/12)^-n)/(r/12)

P = 32.48(1 -1.012667^-18)/(0.012667) = 31.48·16.0054

P ≈ 503.85

The equivalent cash price is about $503.85.

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3 years ago

Graph the line with slope 1/2 passing through the point (5, - 1)

True [87]

Answer:

The equation is y = (1/2)x + - 3.5

Step-by-step explanation:

We look for an equation with the form y = mx + b, where m is the slope and b the y-intercept.

We're given the slope, (1/2) which we can use for m:

y = (1/2)x + b

We are told the line goes through (5,-1). We need a value of b that will move the line to include this point. Do that by substituting the values:

x = 5, and y= -1

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7 0

9 months ago

Montrey recently paid off his simple interest loan. If he borrowed $6,500 for 5 years at 7%, what was the total amount he had to

erica [24]

9514 1404 393

Answer:

$8,775

Step-by-step explanation:

The amount due is given by the formula ...

A = P(1 +rt)

where P is the principal amount, r is the annual rate, and t is the number of years.

A = $6,500(1 +0.07×5) = $6,500(1.35) = $8,775

Montrey had to pay back $8,775.

6 0

2 years ago