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vivado [14]
2 years ago
7

the Balance is 24000 monthly payment is 414.96 and rate of interest is 7.5%. what is the interest payment, principal payment, an

d principal balance.​
Mathematics
1 answer:
andriy [413]2 years ago
3 0

Step-by-step explanation:

Loan Payment Calculator

This Loan Payment Calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. This loan calculator can be used with Federal education loans (Stafford, Perkins and PLUS) and most private student loans. (The student loan calculator can also be used as an auto loan calculator or to calculate your mortgage payments.) Credible also offers a calculator tool to help estimate the costs of a student loan.

This loan calculator assumes that the interest rate remains constant throughout the life of the loan. Currently the 2020-2021 Undergraduate Federal Stafford Loan has a fixed interest rate of 2.75% (a record low) and the Federal PLUS loan has a fixed rate of 5.3%. (Perkins loans have a fixed interest rate of 5%.)

The calculator also assumes that the loan will be repaid in equal monthly installments through standard loan amortization (i.e., standard or extended loan repayment). The results will not be accurate for some of the alternate repayment plans, such as graduated repayment and income contingent repayment.

Loan fees are used to adjust the initial loan balance so that the borrower nets the same amount after the fees are deducted.

Some educational loans have a minimum monthly payment. Please enter the appropriate figure ($50 for Stafford Loans, $40 for Perkins Loans and $50 for PLUS Loans) in the minimum payment field. Enter a higher figure to see how much money you can save by paying off your debt faster. It will also show you how long it will take to pay off the loan at the higher monthly payment.

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Michael is buying a pair of jeans that regularly cost $40. They are on sale for 20% off. If the tax rate is 8%, what is the sale
Anna35 [415]

Answer      

Find out the  what is the sale price of the jeans including tax .

To prove

Let us assume that the sale price of the jeans including tax be x .

As given

Michael is buying a pair of jeans that regularly cost $40.

They are on sale for 20% off.

If the tax rate is 8% .

20% is written in the decimal form

= \frac{20}{100}

= 0.20

8% is written in the decimal form

= \frac{8}{100}

= 0.08

Than the equation becomes

x = 40 - 40 × 0.20 + 40 × 0.08

x = 40 - 8 + 3.2

x = 43.2 - 8

x = $35.2

Therefore the sale price of the jeans including tax be $ 35.2 .



4 0
3 years ago
What would the altimeter read if Janelle were at sea level? What do the positive readings on the altimeter represent? What do th
EleoNora [17]

Step-by-step explanation:

a square has the same perimeter as a 5cm by 7cm rectangle. which of the following area of the square

4 0
1 year ago
Judd is 3 years older than Jordan. Jordan is 6 years younger than Chris. Write an algebraic expression for the sum of their ages
Cloud [144]

Answer:

تيتلتبنبزلمينبووبصحثنل

6 0
2 years ago
Aaron can select between the following payment plans. Payment plan 1: aaron will get paid $10 the first week and each subsequent
Nataly_w [17]

Answer:

Payment plan 2

Step-by-step explanation:

8 0
3 years ago
a 10 foot ladder is leaning against the wall. the bottom of the ladder is 4ft from the base of the wall. which of the following
Pie

Answer:

The height of the wall is 9.17ft

Step-by-step explanation:

The length of the ladder is 10ft

Distance from the foot of the ladder to the wall is 4ft

The height of ladder is unknown.

To solve this question, you'll require a pictorial illustration of the situation. Kindly check attached document for that.

Since it's a right angle triangle, we have two sides with one sides unknown, we can use pythagorean theorem to find the third side.

The hypothenus (x) is 10ft

The adjacent is (y) 4 ft

The opposite (z) (height of the wall) is unknown.

X² = Y² + Z²

10² = 4² + Z²

100 = 16 + Z²

Z² = 100 - 16

Z² = 84

Z = √(84)

Z = 9.165 = 9.17ft

The height of the wall is 9.17ft

5 0
3 years ago
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