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Paladinen [302]
2 years ago
14

Jeff has a balance of $2,513.77 on his credit card. He would like to pay off his card over the course of a year and a half by ma

king identical monthly payments. The APR on his card is 10.66%, compounded monthly. Assuming that Jeff makes no additional purchases with his card, how much will he have to pay every month to reach his goal? (Round all dollar values to the nearest cent.) a. $151.73 b. $162.57 c. $139.65 d. $147.64
Mathematics
2 answers:
kow [346]2 years ago
4 0

Answer:

a. $151.73

Step-by-step explanation:

This question is based on EMI

The EMI formula is :

\frac{p*r*(1+r)^{n} }{(1+r)^{n}-1 }

Here , p = 2513.77

n = 18 (year and a half)

r = \frac{10.66}{12}=0.888 ;

=> \frac{0.888}{100}=0.0088

Putting the values in formula:

\frac{2513.77*0.0088*(1.0088)^{18} }{(1.0088)^{18}-1 }

=$151.63 ; this amount is closest to $151.73

Therefore, Jeff will have to pay $151.73 every month to reach his goal.

hichkok12 [17]2 years ago
3 0
2513.77=X[(((1-(1+0.1066/12)^(-12*1.5))/(0.1066/12)]
Solve for x
X=151.73
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3 0
3 years ago
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Given f(x) = | – 5 – 4x| ,find the following:
jasenka [17]

Answer:

f(10) = 35 \\  \\ f( - 11) = 39 \\  \\ f(12) = 53 \\  \\ f(2) = 13

Step-by-step explanation:

f(x)  =  | - 5 - 4x|

To solve for the following substitute the value of x in the brackets into the above formula and solve for the value of x

<u>NB</u><u>:</u><u> </u> Absolute value of a negative number is the same number but positive.

So we have

f( - 10) =  | - 5 - 4( - 10)|  \\  =  | - 5 + 40|  = 35 \\  \\ f( - 11) =  | - 5 - 4( - 11)|  \\  =  | - 5 + 44|  = 39 \\  \\ f(12) =  | - 5 - 4(12)|  \\  =  | - 5 - 48|   \\  =  | - 53|  = 53 \\  \\ f(2) =  | - 5 - 4(2)|  \\  =  | - 5 - 8|  =  | - 13|  \\  = 13

Hope this helps you

6 0
2 years ago
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Simplify (x2y)3.<br><br> x2y3<br> x5y3<br> x6y3
Andrews [41]

Answer:

3x2^y

Step-by-step explanation:

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7 0
2 years ago
PLEASE HELP!!! PLATO ALGEBRA 2
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Answer:

(gof) (4) = 9

Hence, option A is true.

Step-by-step explanation:

f(x)=-x³

g(x)=|1/8x -1|

(gof) (4) = g{f(4)}

First wee need to determine f(4)

f(4)=-(4)³

    = -64

so

  (gof) (4) = g{f(4)} = g(-64)

                             =  \left|\frac{1}{8}\left(-64\right)-1\right|

                             =\left|-\frac{1}{8}\cdot \:64-1\right|

                             =\left|-8-1\right|

                             =\left|-9\right|

\mathrm{Apply\:absolute\:rule}:\quad \left|-a\right|=a

                             =9        

Thus,

(gof) (4) = 9

Hence, option A is true.

8 0
2 years ago
<img src="https://tex.z-dn.net/?f=%20-%20y%20%3D%20%5Cfrac%7B2%7D%7B5%7Dx%20-%203" id="TexFormula1" title=" - y = \frac{2}{5}x -
raketka [301]
The first step to solving this equation is to change the signs on both sides of the equation
y = -\frac{2}{5}x + 3
Since we don't know what x is but we do know why y is,, we will write our answer with the answer to y and x being left as undefined.
y = -\frac{2}{5}x + 3, x ∈ R
Let me know if you have any further questions
:)
5 0
3 years ago
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