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
MrRissso [65]
3 years ago
11

Consider a student loan of 15,000 at a fixed APR of 9% for 25 years. A) Calculate the monthly payment B) Determine the tiaras am

ount paid over the term of the loan C) Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.
Mathematics
1 answer:
exis [7]3 years ago
8 0

Answer:

The monthly payment will be $ 162.50. In turn, the interest paid will be $ 33,750, constituting 69.23% of the total amount paid.

Step-by-step explanation:

Since there is a student loan of 15,000 at a fixed APR of 9% for 25 years, to calculate the monthly payment, determine the tiaras amount paid over the term of the loan, and determine, of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest, the following calculations must be performed:

((15,000 x 0.09) x 25) + 15,000 = X

33,750 + 15,000 = X

48,750 = X

48,750 / (25x12) = X

48,750 / 300 = X

162.5 = X

48,750 = 100

33,750 = X

33,750 x 100 / 48,750 = X

69.23 = X

Therefore, the monthly payment will be $ 162.50. In turn, the interest paid will be $ 33,750, constituting 69.23% of the total amount paid.

You might be interested in
A cold front moved in last weekend. In 8 hours overnight, the temperature outside dropped from 14 degrees to -10. What was the a
Alexus [3.1K]
Alright, so we have 14 degrees and -10 degrees. The difference between 14 and 0 is 14, and the difference between 0 and -10 is 10. 14+10=24 for total change. For the average over 8 hours, we have 24/8=3 degrees
4 0
3 years ago
Read 2 more answers
I will mark brainliesttt!
Mars2501 [29]

Answer:

35 degrees

Step-by-step explanation:

90 -55 = 35

5 0
3 years ago
Read 2 more answers
Select the correct solution set.
Ksju [112]

Answer:

{x | x ≤ -8}

Step-by-step explanation:

-7x ≥ 56

Divide each side by -7, remembering to flip the inequality since we are dividing by a negative

-7x/-7 ≤ 56/-7

x ≤ -8

4 0
3 years ago
Read 2 more answers
Question 2
svetoff [14.1K]

Answer:

  • A: 37/41

Step-by-step explanation:

<u>We can observe that:</u>

  • The difference of the second and third numbers is equal to 17
  • The difference of the first and fourth numbers is equal to 13

<u>Therefore the missing pair will be:</u>

  • 20+17 = 37 and 28 + 13 = 41

Correct choice is A

3 0
3 years ago
The fish Anastasia caught was Plz Help ASAP 20 POINTS
s344n2d4d5 [400]

difference= 0.78[Anastasia's] - (1 - 0.34)[Sergei's]=

0.78m - (0.66m)=0.12m=12cm

6 0
3 years ago
Read 2 more answers
Other questions:
  • If the mean of the data set is 41 attendees find the number of attendees at Harry’s hoedown
    7·1 answer
  • Using the given model. What value of X would make the equation true?
    8·1 answer
  • I don’t u sweat and this
    15·2 answers
  • Apply the distributive property and the greatest common factor to write an equivalent expression. Enter your Answers in the boxe
    8·2 answers
  • 2. Find the equation of the line that is perpendicular to the line y = -1/3 x - 5 and passes through the point (12, 0).
    9·1 answer
  • Y varies directly with x, and y = 7 when x = 2. What is the value of y when x = 5?
    8·1 answer
  • Show work for this scientific notation
    12·1 answer
  • 74fl oz greater than 8c
    5·2 answers
  • 2 prime numbers greater than 25 and less than 35
    13·1 answer
  • What is the constant of proportionality between yyy and xxx in the graph?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!