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Sedbober [7]
3 years ago
7

#6 - Calculate the monthly payment necessary to retire the following loan

Mathematics
1 answer:
klemol [59]3 years ago
4 0

9514 1404 393

Answer:

  A)  $1350

  B)  $5850

  C)  $162.50

Step-by-step explanation:

A) The interest is given by the formula ...

  I = Prt

where P is the principal amount, r is the interest rate, and t is the number of years.

  I = $4500×0.10×3 = $1350

The interest owed is $1350.

__

B) At maturity, the principal and interest are due. That amount is ...

  $4500 +1350 = $5850

The maturity value is $5850.

__

C) If the maturity value is paid in 36 equal monthly installments, each is ...

  $5850/36 = $162.50

The monthly payment is $162.50.

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hope this helped
8 0
3 years ago
The quadrilateral ABCD has area of 58 in2 and diagonal AC = 14.5 in. Find the length of diagonal BD if AC ⊥ BD.
azamat

Answer:

(look in the the Step by step)

Step-by-step explanation:

When the diagonals of a quadrilateral are perpendicular, the area of that quadrilateral is half the product of their lengths.

.. A = (1/2)*d₁*d₂

Substituting the given information, this becomes

.. 58 in² = (1/2)*(14.5 in)*d₂

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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