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Alexus [3.1K]
4 years ago
5

Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest rate of 9.58%, compounded se

miannually, and a service charge of $1,294.64. Once the loan has been fully paid off, what percentage of the total finance charge will the service charge be? Round all dollar values to the nearest cent.
a. 5.48%
b. 8.43%
c. 18.55%
d. 15.65%
Mathematics
2 answers:
zhannawk [14.2K]4 years ago
7 0
15360 =  P {1-(1.0479)^-16 / 0.0479]

15360 /  {1-(1.0479)^-16 / 0.0479]  = P

P = 1396.1604

Sam's total payment = 1396.1604^16  = 22338.56
interest charge = 6978.56
Total finance charge = 8273.20

1294.64/8273.2 x 100 = 15.6486

I think the answer is D. 15.65 %

hope this helps

umka2103 [35]4 years ago
6 0

Answer:

15.65%

Step-by-step explanation:

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3 years ago
1) 17, 29, 32, 9, 30, 14, 8, 39, 11, 32, 23<br> Minimum :<br> Maximum:<br> Q1:<br> Q2:<br> Q3:
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Minimum: 8

Maximum: 39

Q1: 11

Q2: 23

Q3: 32

Step-by-step explanation:

Set the numbers into numerical order

8 9 11 14 17 23 29 30 32 32 39

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3 years ago
Landon is a maintenance worker at an amusement park. He stands atop a raised platform of the park's most popular
Helga [31]

Answer:

the equation fits the situation, but the table doesn’t.

Step-by-step explanation:

For both functions, the lead roller coaster car starts at an initial height of 32 feet. This is the point (0,32), directly above Landon.

The car races past Landon’s field of vision (y = 0) after it moves a horizontal distance of 4 feet and then 8 feet with respect to the starting point. So, the correct function will have x-intercepts of 4 and 8.

Begin by checking the equation. Rewrite the equation in factored form:

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But the table only has one x-intercept, located at (4,0). The point (8,160) is well out of Landon’s line of sight.

So, the equation fits the situation, but the table doesn’t.

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3 years ago
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