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Mrs. Siebenaller bought a bus for 25,000 with a 7% interest rate mrs s gets a loan payoff of 60 months how much interest would s

Artist 52 [7]

Answer:

$\$4701.80$

Step-by-step explanation:

Mrs. Siebenaller bought a bus for 25,000 with a 7% interest rate and she gets a loan payoff of 60 months,

We know that,

$\text{PV of annuity}=P\left[\dfrac{1-(1+r)^{-n}}{r}\right]$

Where,

PV = Present value of annuity = 25000,

r = rate of interest of each period = $\dfrac{7}{12}$ % monthly

n = number of periods = 60 months,

Putting the values,

$\Rightarrow 25000=P\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]$

$\Rightarrow P=\dfrac{25000}{\left[\dfrac{1-(1+\frac{0.07}{12})^{-60}}{\frac{0.07}{12}}\right]}$

$\Rightarrow P=\$495.03$

Hence total amount paid is,

$=495.03\times 60=\$29,701.80$

Therefore interest amount is,

$=29,701.80-25,000=\$4701.80$

4 0

2 years ago

Select all of the following ordered pairs that are in the solution set of the inequality shown.

Ilya [14]

Answer:

points on the boundary line: (0, 10), (20, 0)

solution points not on the boundary line: (100, 100)

Step-by-step explanation:

We cannot tell from the posted picture whether the boundary line is solid or dashed, so the answer above is split into two parts. If the boundary line is solid (x+2y≥20), all three listed points are in the solution set. If the boundary line is dashed (x+2y>20), only (100, 100) is in the solution set

5 0

2 years ago

Abby counts 12 large boxes and 18 small boxes of pencils in the supply cabinet. Each large box contains 144 pencils. Each small

Maru [420]

The total number of pencils is 2,160. When estimating to the nearest hundredth one gets 2,200, which is an underestimate.

The advantage of underestimating is that your answer is more accurate than an overestimate.

3 0

3 years ago

Find the area of the composite figure.

Viefleur [7K]

The area of the composite figure from the image attached is 112.5 units²

<h3>What is the area of a composite figure?</h3>

The area of a composite figure refers to the sum total of all the areas of the shapes in that composite figure. This can be done by first identifying the shapes in that composite figure, then finding each area, followed by the addition of all the areas to determine the area of the composite figure.

From the given figure; we can break it down into:

A parallelogram
A rectangle
A triangle

The area of a parallelogram = b × h

where;

b & h refers to the length of the two opposite diagonal lines.

The area of a parallelogram = 9 × 6

The area of a parallelogram = 54 units²

The area of a rectangle = Length × breadth

The area of a rectangle = (9 × 3) units²

The area of a rectangle = 27 units²

The area of the triangle $\mathbf{=\dfrac{1}{2}\times b \times h}$

where;

Base = b
Height = h

The area of the triangle $\mathbf{=\dfrac{1}{2}\times b \times h}$

The area of the triangle $\mathbf{=\dfrac{1}{2}\times 9 \times 7}$

The area of the triangle $\mathbf{= 31.5 units^2}$

Therefore, the area of the composite figure is:

= 54 + 27 + 31.5

= 112.5 units²

Learn more about composite figures here:

brainly.com/question/15981553

4 0

1 year ago

Given the arithmetic sequence an = -4 + 4(n - 1), what is the domain for n?

Wewaii [24]

C) All integers where n is greater than or equal to 1

7 0

2 years ago

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Saben que significa eso