Answer:
Step-by-step explanation:
873*10.99=9594.27
9594.27*52%=4989.02 so about $5000.00
Answer:
First write them in positive exponent form
(16/81)¾ × [ (9/25)^3/2 ÷ (2/5)³ ]
(2⁴×¾)/ (3⁴×¾) × [ (3² × ^3/2) / (5² ×^3/2) ÷ 2³/5³)
Simplify the terms
2³/3³ × ( 3³ / 5³ ÷ 2³/5³)
Solve the terms in the bracket
2³/3³ × (3³/5³×5³/2³)
You will get
2³/3³ × 3³/2³ = 1
They will cancel each other so the answer will be 1
Hope this helps.
Answer:
Interest Rate on 2-Year Loan...$435.6
Interest Rate on 5-Year Loan...$1,452
Step-by-step explanation:
The formula for calculating simple interest is as follows.
I = P x R x T,
where I = interest
P= Principal
R= interest rate
T= time
For the loan at 4.5 percent for 2 years, the interest will be
= $4,840 x 4.5/100 x 2
= $4,840 x 0.045 x 2
= $435.6
Total cost of the loan will principal plus interest
=$435.6 + $4,840
=$5,275.6
Monthly loan cost
= $5,275.6/24
=$219.81
Total loan cost..$5,275.6
Monthly loan cost ...$219.81
For the Loan at 6 percent for 5 years, the interest will be
= $4,840 x 6/100 x 5
= $4,840 x 0.06 x 5
=$1,452
Total cost of the loan will be principal plus interest
=$ 4,840 + $1,45
=$6,292
Monthly costs will be
=$6,292/60
=$104.87
Total loan cost... $6,292
Monthly loan costs... $104.87
Answer:
23
Step-by-step explanation:
Remember PEMDAS/order of operations (Parentheses, exponent, multiplication, division, addition, subtraction)
10*1/2+(-6)(-3)
10*1/2+18
5+18
23
If he starts paying after four years, the worth of the loans by then is b. $31,616.16
<h3>What is a Loan?</h3>
This refers to the amount collected from a lender to be repaid after a given time, usually with added interest.
Hence, we can see that:
The effective monthly interest rate is:
i = 0.053/12 = 0.0044
The effective annual interest rate is:
i = (1 + 0.0044)^12 -1 = 0.0543
The present worth of all the loans is:
P = 6125 + 6125 (1 + 0.0543)^-1 + 6125 (1 + 0.0543)^-2 + 6125(1 + 0.0543)^-3
P = $22,671.40
If he pays them prompty, then the total lifetime cost would be
P = 22671.40 (1 + 0.0543)^4 = $31,616.16
Read more about loans here:
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