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
********************************************************************
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.
******************************************************************************************
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:
Step-by-step explanation:
Answer:
if those functions under the radical are multiplied together they can be expanded as:
I=((x1+x2)^2 - 1)*(1-(x1-x2)^2)/8
let u=x1+x2 and v=x1-x2
I = (u ^ 2–1) * (1-v ^ 2)
du = dx1 + dx2; dv = dx1-dx2;
dx1 * dx2 = (du-dx2) * (dx1-dv)
or-or-or ...
int(I)*dx1*dx2=5/2
Step-by-step explanation:
this is the correct answer you want
please follow me ☺️
0.281 is the chance that you would pull 2 blue marbles
All we need to do is divide 2,345 by 5
2,345 ÷ 5 = 469
Therefore the answer is B. 469
Hope this helps
-AaronWiseIsBae