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
Alexus [3.1K]
3 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]3 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]3 years ago
6 0

Answer:

15.65%

Step-by-step explanation:

You might be interested in
Explain why the absolute value of a number is never a negative number ?
omeli [17]
The absolute value of a number is never a negative number because <span>absolute value describes the distance of a number on the number line from 0 without considering which direction from zero the number lies. The absolute value of a number is never negative.</span>
4 0
3 years ago
Read 2 more answers
sooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
bazaltina [42]

Answer:

B) 3/4

Step-by-step explanation:

The conditional probability of B given A (B|A) is P(A ∩ B) / P(A), when P(A) > 0 (Probability of the intersection of A and B over the Probability of A).

in our case, P(A ∩ B is the amount of people who can snowboard and surf, which according to the picture is 36

P(A) is the amount of people who can snowboard, which from the picture is 48

This means our conditional probability is 36/48, which when simplified is 3/4.

6 0
3 years ago
Determine whether the two triangles are similar. HELP ASAP! I AM RUNNING OUT OF POINTS!!
Lemur [1.5K]

Answer:

they are similar

Step-by-step explanation:

this is because of the degree of the angles and the measurements between the edges. The only reason it may not look the same is because it has been rotated and downsized.

8 0
3 years ago
The cost of a set of 4 tire is $192. What is the unit rate for the cost of 1 tire?
hammer [34]
192 divided by 4 = 48

It costs $48 for one tire
4 0
3 years ago
SOMEONE PLEASE HELP IVE BEEN WAITING FOREVER
Eva8 [605]

Answer:

Only option A. cannot be simplified; is in its simplest form.

Step-by-step explanation:

In order for A. to have a simplified form, it must have a specified degree or leading term, which it does not have, making it impossible to simplify.

6 0
2 years ago
Other questions:
  • Point E is located at coordinates (-7, -5). Point F is located at the coordinates (-2, 7). What is the length of EF?
    9·2 answers
  • Which one is the best method of finding triangle numbers
    15·1 answer
  • Evaluate the square root of x+7 when x equals 9. Write the answer in simplified radical form.
    10·1 answer
  • You buy 22pairs of shoes in a sale. You pay the full price of $48$48for the first pair, and you get the second pair for half thi
    9·1 answer
  • David worked seven hours and earned $117.25. If he earned $670, how many hours did he work?
    14·2 answers
  • For a certain recipe, Ben takes a 5 1/2 -cup sack of sugar and uses all but 1 3/4 cups.
    8·1 answer
  • the table shows the total number of apples pears and oranges in a fruit basket. Which statement represents the relationship betw
    12·1 answer
  • Solve 1,000x10 hint: use a strategy
    9·2 answers
  • Round 6.713 to the nearest whole number.<br> HURRY<br> PLS-
    15·2 answers
  • What is the relative frequency for RED cars? ( round off to 3 decimals and don’t convert to a percent)
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!