1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olga2289 [7]
3 years ago
5

Mr. Steiner purchased a car for about $14,000. Assuming his loan was

Mathematics
1 answer:
djverab [1.8K]3 years ago
5 0

Answer:

$415.18

Explanation:

The calculation of the present value of a cash flow or other income stream that produces $1 in income over so many periods of time.

DATA

Amount borrowed = $12,500

Annual interest rate = 12.00%

Monthly interest rate = 1.00%

Period = 36 months

Let monthly payment be x

12,500 = x/1.01 + x/1.01^2 + x/1.01^3  … + x/1.01^35 + x/1.01^36

12,500 = x * (1 - (1/1.01)^36) / 0.01

12,500 = x * 30.107505

x = 12,500/30.107505  

x = 415.18

The monthly payment is $415.18

You might be interested in
Kate, Alexia, and Trina just completed the 400-meter dash at the track meet. Kate finished the race 6 seconds faster than Alexia
Digiron [165]

Answer:

Kate = 52 seconds, Alexia = 58 seconds, Trina = 49 seconds

Step-by-step explanation:

A = K + 6

T = K - 3

K + A + T = 2 min 39 sec or 159 sec

K + (K + 6) + (K - 3) = 159sec

3K + 3 = 159sec

3K = 156sec

K = 52 sec

A = 52 + 6 = 58 sec

T = 52 - 3 = 49 sec

8 0
2 years ago
Write a division problem that has a quotient of 1/20
alexdok [17]

Answer:

5 divided by 100

Step-by-step explanation

5 divided by 100 is 0.05 but as a fraction, it's 1/20

6 0
3 years ago
Abigail rides her bike with a constant speed of 12 miles per hour. How far can she travel in 45 minutes?
ohaa [14]
If she rides at 12 miles per hour, we know that 45 minutes is three quarters of an hour, therefore just workout:

3/4 x 12 = 9

So she would travel 9 miles in 45 minutes.
7 0
2 years ago
Read 2 more answers
Mathhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
kirill115 [55]

Question? i cant see again friend

8 0
2 years ago
If angle 1 and angle 2 are vertical angles, and the m<1 = 10x - 9 and m<2 = 4x + 15. Find the value for x.
weeeeeb [17]

Answer:

x = 4

Step-by-step explanation:

Vertical angles are equal.

m∠1 = m∠2

10x - 9 = 4x + 15

Add 9 to both sides

10x = 4x + 15 + 9

10x = 4x + 24

Subtract 4x from both sides

10x -4x = 24

6x = 24

Divide both sides by 6

x = 24/6

x = 4

6 0
3 years ago
Other questions:
  • I'm confused can someone please help me out?​
    15·1 answer
  • Graph the line by locating any two ordered pairs that satisfy the equation. Round to the nearest thousandth, if necessary.
    5·1 answer
  • Find an equation for the line which is parallel to y= 1/4x + 5/3 and passes through the point (5,6)
    5·1 answer
  • Is 5.73773777....., -6 -3/2 0,9} rational or irrational?
    8·1 answer
  • One inch is what part of one yard?<br><br> F. 1/12<br> G. 1/100<br> H. 1/3<br> J. 1/36
    13·2 answers
  • 1. A recliner that costs $150 was marked up by 100%.
    9·1 answer
  • The participants in a research study self-report their sleep quality levels by choosing the response option that best characteri
    15·1 answer
  • What is the difference between a trapezoid and a rhombus?
    9·1 answer
  • X+3
    6·2 answers
  • Phil Santos owns an independent mobile phone store. He has a wonderful personality, is very knowledge about the products he sell
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!