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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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A 42-inch board is to be cut into three pieces so that the second piece is twice as long as the first piece and the third piece
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Answer: 7 inches

Step-by-step explanation:

       If x is the first piece, and the second piece is twice as long, then the second piece is 2x.

        If the third piece is three times as long as the first piece, x, then the third piece is 3x.

       The 42-inch board must be equal to all 3 pieces, so we will set up an equation and solve for x.

42 = x + 2x + 3x

42 = 6x

42 = 6x

7 = x

              The first piece is 7 inches long.

<em>Learn more about </em><em>your question</em><em> here: brainly.com/question/20320071</em>

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