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Natasha2012 [34]
3 years ago
5

I need help with this question plz

Mathematics
1 answer:
Rudiy273 years ago
8 0

Answer:

y = 10/3x + 20

Step-by-step explanation:

First, we need to find the slope of the function. We can do that by using two points and inserting them into the slope formula. It can be any two but I'll just pick (3, 30) and (6, 40).

m = y₁ - y₂ / x₁ - x₂

m = 30 - 40 / 3 - 6

m = -10/-3

m = 10/3

Now we know the slope is 10/3.

In slope-intercept form, the y-intercept is the constant at the end of the equation. The table of values tells us that the y-intercept is located at (0, 20). So the equation of the linear function is y = 10/3x + 20.

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You take out $50,000 for loans during your college career. You must pay it back with 7% APR for 20 years, making monthly payment
Ad libitum [116K]

Answer:

The monthly payment for the loan amount for 20 years is $806.167

Step-by-step explanation:

The principal loan amount= $ 50,000

The rate of interest = 7 %

the time period of loan = 20 years = 20 × 12 = 240 months

let the amount after 20 years = $ A

<u>From Compounded method</u>

Amount = Principal × (1+\dfrac{\textrm rate}{100})^{\textrm Time}

or, A = 50,000 × (1+\dfrac{\textrm 7}{100})^{\textrm 20}

or, A = 50,000 × (1.07)^{20}

Or, A = 50,000 × 3.8696

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The monthly payment amount = $ \frac{193480}{240} = $ 806.167

Hence The monthly payment for the loan amount for 20 years is $806.167 Answer

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3 years ago
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andrezito [222]
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5 0
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two solutions

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