1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
What is -3(4x+8)/3(-2)
Nady [450]

Answer:

2x+4

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
A sample of 100 independent random numbers is taken from this distribution, and its average is used to estimate the mean of the
Mariulka [41]

Answer:

The standard error in estimating the mean = (0.1 × standard deviation of the distribution)

Step-by-step explanation:

The standard error of the mean, for a sample, σₓ is related to the standard deviation, σ, through the relation

σₓ = σ/(√n)

n = sample size = 100

σₓ = σ/(√100)

σₓ = (σ/10) = 0.1σ

Hence, the standard error in estimating the mean = (0.1 × standard deviation of the distribution)

4 0
3 years ago
Alex applies 350 n of force to move his stalled car 40 m how much work did alex do
Katyanochek1 [597]

Step-by-step explanation:

Work done = Force × displacement

= 350 × 40

=14000J

7 0
3 years ago
What is 7 times as much as the sum of 1/3 + 4/5
riadik2000 [5.3K]
Lets write the problem info into an equation and solve step by step:
7(1/3 + 4/5)
the minimum common multiple of 3 and 5 is 15, so we multiply and divide the fractions by a proper number to convert them to be divided by 15 so is easier to add them:
<span>(1/3)(5/5) = (1*5)/(3*5) = 5/15
(4/5)(3/3) = (4*3)/(5*3) = 12/15
</span>so we substitute in the original equation:
7(1/3 + 4/5<span>)
</span>= 7(5/15 + 12/15<span>)
= 7(17/15)
= (7*17)/15
= 119/15</span>
8 0
3 years ago
Question in photo, Please Help
quester [9]
The answer would be 28 feet, to get area you do length times width, 7 x 4 = 28
7 0
3 years ago
Read 2 more answers
Other questions:
  • Write the digit in the correct pace in the number
    10·1 answer
  • The probability of choosing a 6 at random from a standard deck of playing cards is 1/13 what is the complement of the event of c
    12·1 answer
  • A bike rental company charges a $5 service fee and $1 per hour. If this situation is represented as a function, what would be th
    9·2 answers
  • . Which numbers are all divisible by 5?
    5·2 answers
  • Which is the slope of the line that passes through the points (2,8) and (4,6)?
    6·2 answers
  • Create an interception for the following statement.<br> f(2) = 150
    5·1 answer
  • Twice the sum of three times a number and eight translate this plz
    11·1 answer
  • Wuts 5 plus 5 equal (just bored)
    5·1 answer
  • Solve the eliminate <br>5a - 2b = 14<br>2a + 2b = 14​
    11·2 answers
  • What is an equation of the line that passes through the points <br>(6,5) and (3,5)?​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!