Answer:
After 5 minutes of hitting my head on a wall I found your answer... 3256
Step-by-step explanation:
We are NOT told 1) the finance charge and 2) the amount of time
<span>
<span>
19,850.00
<span>
Car Price
+1,488.75 Sales Tax
</span>
<span>
</span><span> -1,000.00
Down Payment
</span>
20,338.75
</span>
</span>
This is the amount being financed
Using a loan calculator http://www.1728.org/calcloan.htm
We see that if the loan is for 9.382% and it is for 5 years,
Then the monthly payment is $425.98
We will make 60 (12 months * 5) monthly payments resulting in a total loan cost of 425.98 * 60 =
<span>
<span>
25,558.80
</span>
</span>
Total Loan Cost
-20,338.75 Money Being Financed
5,220.05 Five Year's Interest
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THIS ISN'T EXACTLY RIGHT - SCROLL TO THE BOTTOM
So, 5,220.05 / 60 = Interest Paid each month.
= $87.00
So,
425.98
-87.00
<span>
<span>
338.98
</span>
</span>
Each month goes toward the principal.
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Although, the monthly payment remains exactly the same each month, the amount going toward interest and the amount going to equity (what you own), changes drastically each month.
See the mortgage calculator
http://www.1728.org/mortmnts.htm
So, your first payment, of 452.98 pays for $159.02 in interest and $266.95 in principal.
Answer:
r=9/2 or 4.5
Step-by-step explanation:
First of all our goal is to get R by itself
by cross multiplying we get,
(r+3)*3=5r
by distributive property we get
3r+9=5r
substracting 3r from both sides we get
9=2r
by dividing by 2 in both sides we get
r=9/2 or 4.5
Answer: the answer will be none
Step-by-step explanation:
10. Find which one of the given fractions are value closer to 1.
First = 7/8
Second = 11/10
Let’s start solving
Let us start with the first value which is 7/8
=> 7 needs to be divided with 8
=> 7 / 8 = 0.875
Now, let’s solve the second value which is 11/10
=> same with first solution., divide 11 by 10
=> 11 / 10
=> 1.1
Thus, 11/10 is the has the nearest value to 1.
