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
How to make 2700 and 600 a fraction
devlian [24]
I think I may be missing something ... I don't completely understand your question. 
All you need to make a fraction is two numbers and a bar.  The bar can be either
horizontal or slanty.  Then you write one number on top and the other number on
the bottom, and bada-bing, you have a fraction.

You can make fractions like

             2700 / 600
                 27 / 6         
                   9 / 2           (all 3 of these have the same value)

             600 / 2700
                 6 / 27         
                 2 / 9              (all 3 of these have the same value) 
8 0
3 years ago
Please help! The question is on top
Sholpan [36]
Are you asking for the answer ? Or a example
5 0
3 years ago
(5x)/6 + 11/4 = 17/3
pantera1 [17]

Answer: Exact Form: x = 7/2

Decimal Form: x = 3.5

Mixed Number Form: x = 3 1/2

How to: <u> Solve for  x  by simplifying both sides of the equation, then isolating the variable.</u>

Have a great day and stay safe !

3 0
3 years ago
Is 3 times as much as 40?
Papessa [141]
3 times as much as 40

40 x 3

40 + 40 + 40

40
40
40
----
120



120 is the answer
5 0
3 years ago
PLEASE I NEED THIS NOW 50 POINTS
4vir4ik [10]
25g = r , i think.

I would give an explanation but you seem in a hurry! Have a good day and good luck!
6 0
3 years ago
Other questions:
  • Three multiplied by the sum of 4 and a number is the same as 18 more than the number. Find the number.
    12·1 answer
  • Is it possible to find the product of two mixed numbers by multiplying the whole number parts together, then multiplying the two
    11·1 answer
  • Which statement would produce a tautology? A. p q B. p q C. p p D. q p
    14·1 answer
  • Help Asap 39 points pic below
    9·1 answer
  • Bob is going on a bike ride. He rides for 7 hours for a total of 105 miles. How fast did he ride?Immersive Reader
    11·1 answer
  • 35<br> How do you write as a percentage?<br> 50
    6·1 answer
  • There are 30 children eating ice cream. 2/5 of the children have chocolate. 1/3 of them have vanilla. The rest have strawberry.
    11·1 answer
  • Alexandra purchases two donuts and three cookies at the donut shop and it's charged $3.30. Brianna purchases five donuts and two
    5·1 answer
  • Work out 20% of 25, can you give solution too? lol ​
    5·2 answers
  • If sin theta &lt; 0 and tan theta &gt; 0 then
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!