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
Ainat [17]
3 years ago
15

Based on the information below, choose the correct answers. Note: The monthly loan payment was calculated at 119 payments of $24

2.66 plus a final payment of $241.78.
Loan Balance: $20,000.00
Loan Interest Rate: 8.00%
Monthly Loan Payment: $242.66
Number of Payments: 120
Cumulative Payments: $29,118.32
Total Interest Paid: $9,118.32
On average, what dollar amount of each monthly payment is interest? $
What percent of the total payments is total interest? % NEXT QUESTION ASK FOR HELP
Mathematics
2 answers:
Angelina_Jolie [31]3 years ago
5 0

Answer:

A=$75.99

B=$31.3

Step-by-step explanation:

odyssey ware

Lisa [10]3 years ago
3 0

Since there are 120 payments in total

 Then the total interest paid is $ 9,118.32

The monthly interest = $ 9,118.32 / 120

The monthly interest = $ 75.99 per month

 

% total interest = ( $ 9,118.32/ 29,118.32) x 100

% total interest = 31.31 %

You might be interested in
Consider the hypothesis test below.
Pavel [41]

Answer:

Z_{H0} =1.79

p-value: 0.0367

Decision: Reject H₀

Step-by-step explanation:

Hello!

Hypothesis to test:

H₀:ρ₁-ρ₂=0

H₁:ρ₁-ρ₂>0

The statistic to use to test the difference between two population proportions is the approximation of Z

Z=<u>     (^ρ₁-^ρ₂)-(ρ₁-ρ₂)     </u>   ≈N(0;1)

   √ (<u>^ρ₁(1-^ρ₁))/n₁)+(^ρ₂(1-^ρ₂)/n₂))</u>

                   

Z=<u>                    (0.28-0.15)-0                    </u>= 1.79

   √ (<u>0.28(1-0.28)/200)+(0.15(1-0.15)/300)</u>

p-value

Remember: The p-value is defined as the probability corresponding to the calculated statistic if possible under the null hypothesis (i.e. the probability of obtaining a value as extreme as the value of the statistic under the null hypothesis).

P(Z>1.79)= 0.0367

Conclusion:

Comparing the p-value against the significance level, you can decide to reject the null hypothesis.

I hope you have a SUPER day!

8 0
3 years ago
Two lines, A and B, are represented by the equations given below: Line A: x + y = 6 Line B: x + y = 4 Which statement is true ab
timurjin [86]
If the lines cross, there is a solution , which means that there is a y and x value which satisfies both equations. 
since both the equations start with x+y they shoulddd have the same answer if they had crossed. we can tell straight away these lines do not cross because 6=/=4 6 doesnt equal 4. therefore no solution. 
TIP: for the future, if they had crossed, you can use simultaneous equations to find x and y to see if they work in each equation and find a solution ( since they are straight lines there will only be 1 solution, unless they are literally the same line in which case then then they are ALWAYS on top of each other and always have the same values)
4 0
3 years ago
Read 2 more answers
Given real numbers a,b &gt; 1.
irina [24]

Answer:

FALSE

Step-by-step explanation:

Recall that a function f(x) is of exponential order c, if there exists a constant M such that and a real r such that

|f(x)|\leq Me^{cx}\;(x\geq r)

Now, take a = 2.5 and b = 2

The functions

f(x)=(2.5)^x\;g(x)=2^x

are both exponential of order 1, since  

\lim_{x \to \infty}\frac{f(x)}{e^x}=\lim_{x \to \infty}\frac{g(x)}{e^x}=0

but a>b

8 0
3 years ago
What is the answer to 1.97 x 10^3 =
Gelneren [198K]
<h2>Answer:</h2><h2>1970</h2><h2 /><h2>Hope this helps!!</h2>

6 0
3 years ago
Which is greater, the total length of the1/8 -inch tadpoles or the total length of the 1/4 -inch tadpoles?
Karolina [17]

Answer:

1/4-inch

Step-by-step explanation:

7 0
2 years ago
Other questions:
  • Plzz help me with this one i dont know what to do on this one<br><br> 5x- 3(x-2)
    9·1 answer
  • Classify the triangle with angles measuring 40°, 40°, and 100°.
    7·2 answers
  • In △DEF, DF = 17 and m∠F=32. Find DF to the nearest tenth.
    8·1 answer
  • On a rectangular coordinate plane, a circle centered at (0, 0) is inscribed within a square with adjacent vertices at (0, -2√) a
    15·1 answer
  • Determine the next three terms in the following sequence:
    15·1 answer
  • Is 36, 12, 4, 4/3, 4/9 a geometric sequence?
    9·1 answer
  • Which ordered pair is the solution?
    9·2 answers
  • Find the sum: −11−7−3+1+⋯+225
    15·2 answers
  • Two trains leave Raleigh at the same time one traveling north and the other south the first train travels at 50 miles per hour a
    10·1 answer
  • Which is equivalent to the expression -8 i squared +3?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!