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Answer:
- Invest $8,470 in X
- Invest $2,530 in Y.
Explanation:
The following expressions can be formed;
Let x and y be the proportions
x + y = 1
0.15x + 0.1y = 13.85%
Expressing y in terms of x;
x + y = 1
y = 100 - x
0.15x + 0.1 ( 1 - x) = 13.85%
0.15x + 0.1 - 0.1x = 13.85%
0.05x = 13.85% - 0.1
x = 13.85%0.05 - 0.1/0.05
x = 77%
Invest 77% in X = 77% * 11,000
= $8,470
Invest in Y
= 11,000 - 8,470
= $2,530
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Answer:
Monthly payment is $840.12
Explanation:
we are given: $70000 which is the present value of the loan Pv
12% compounded monthly where the interest rate is adjusted to monthly where i = 12%/12
the period in which the loan will be repaid in 15years which contain 15x12 = 180 monthly payments which is n
we want to solve for C the monthly loan repayments on the formula for present value as we are looking for future periodic payments.
Pv = C[((1- (1+i)^-n)/i] thereafter we substitute the above mentioned values and soolve for C.
$70000= C[((1-(1+(12%/12))^-180))/(12%/12)] then compute the part that multiplies C in brackets and divide by it both sides.
$70000/83.32166399 = C then you get the monthly loan repayments
C = $840.12 which is the monthly repayments of the $70000 loan.
The completion of the following Medicare mathematical calculations by putting in the correct amounts is as follows:
a. Medicare payment: $173.60
b. Patient owes Dr. Input: $226.40
c. Dr. Input’s courtesy adjustment: $50
<h3>What is the courtesy adjustment?</h3>
Courtesy adjustment is the write-off of a part of the medical bills to reduce the payment burden on the patients not fully covered by Medicare.
<h3>Data and Calculations:</h3>
Original bill = $450
Unmet deductible = $183
a. Medicare payment: $173.60 ($400 x 43.4%)
b. Patient owes Dr. Input: $226.40 ($400 x 56.6%)
c. Dr. Input’s courtesy adjustment: $50 ($450 - $400)
Learn more about Medicare Payments at brainly.com/question/1960701
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<h3>Question Completion:</h3>
a. Medicare payment:
b. Patient owes Dr. Input:
c. Dr. Input’s courtesy adjustment: