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Elan Coil [88]
3 years ago
9

The monthly payment on a $71,000 loan at 12% annual interest is $785.26. What is the balance of principal after the first monthl

y payment?
a) 70,397.80
b) 71,710.00
c) 70,219.00
d) 70,924.74
Mathematics
2 answers:
fgiga [73]3 years ago
6 0

Answer:

After your payment

A = 71,000  - 785.26 = 70,214.74

You also have an interest payment of

71000 * .12 / 12 = 710

The total owed is

70,214.74 + 710 = 70,924.74

grigory [225]3 years ago
6 0

9514 1404 393

Answer:

  d)  70,924.74

Step-by-step explanation:

The new principal after a payment is the difference between the old principal and the amount of the payment applied to principal. That applied amount is the difference between the payment amount and the interest due.

The interest due each month is computed at a rate equal to the annual rate divided by 12. For the first month, the interest due is ...

  $71,000 × 12%/12 = 0.01 × $71,000 = $710

Then the amount of the payment applied to principal is ...

  $785.26 -710.00 = $75.26

And the new principal after the first payment is ...

  $71,000 -75.26 = $70,924.74

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55 points see attachment below
Ludmilka [50]

Answer:

  f(3) = -20

Step-by-step explanation:

To find the value of a function, substitute the number for the variable and do the arithmetic.

  f(x) = -2x^2 +x -5 . . . . . . given

  f(3) = -2(3^2) +(3) -5 . . . . function value for x = 3

  f(3) = -2(9) +3 -5 = -18 +3 -5

  f(3) = -20

4 0
2 years ago
Gemma's mean speed on her drive home from Chicago is 59mph. If the total trip is 295 miles, how long should she expect the drive
SCORPION-xisa [38]

Answer:

5 hours

Step-by-step explanation:

If shes going 59mph and the total trip is 295mph

then you would divid 295 by 59 and get 5

5 0
3 years ago
Predict whether the product will be greater than, less than or equal to the second factor. 1/5 x 3/4
charle [14.2K]

Answer:

14

Step-by-step explanation:

6 0
3 years ago
2x-y+z=9 x+y-2z=-1 -x+2y+2z=-5
slega [8]
X=3
Y=-2
Z=1

Hope this helps.

3 0
4 years ago
35/40 reducing fractions
laila [671]

Answer: 7/8

What you have to do here is to find the highest number which can be divided by both. Or you have to divide both the numerator and denominator until it can not be divided by any number anymore. You can do this by finding the highest common factor (<u>HCF)</u> of both the number, 35 and 40.

Highest Common Factor: HCF of two or more numbers is the greatest factor that divides the numbers. For example, 2 is the HCF of 4 and 6.

So, the highest number which divides 35 and 40, is 5. Now 35 divided by 5 is 7 and 40 divided by 5 is 8. The final answer is 7/8 and there is no more numbers which can divide both of them by a specific number.


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(„• ֊ •„)♡
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   hope it helped
┗━━━━━━━┛

6 0
2 years ago
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