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lilavasa [31]
3 years ago
14

To help pay for art school, Keisha borrowed money from an online lending company.

Mathematics
1 answer:
maw [93]3 years ago
3 0

Answer:

  • payment: $413.93
  • total repaid: $74,507.40
  • interest: $22,507.40

Step-by-step explanation:

(a) The monthly payment A on principal P at monthly rate r for n months can be computed using ...

  A = Pr/(1 -(1+r)^-n)

For P=$52000, r = .051/12 = 0.00425, n = 12*15 = 180, the payment is ...

  A = $52000·0.00425/(1 -1.00425^-180) ≈ $413.93

(b) The total of 180 payments is ...

  180 · $413.93 = $74,507.40

(c) The difference from the principal is the interest paid:

  $74,507.40 -52,000 = $22,507.40

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Which method or methods listed below describe a solid system for keeping financial records? I. Making a mental note of all purch
Nikitich [7]

Financial records  are important records and thus, needs to be saved safely. The method for solid system to keep it is: Option d. I, II, and III

<h3>How to safely keep financial records and why?</h3>

Financial records are records of all financial transactions and receipts. They're needed for future cases like some contradictions, to get past details, to analyze data to make prediction about future sale and for development of the organization etc.

For keeping them, they should be saved in an easily accessible, and hardly destroy-able place. So that its prevented safely but accessible faster with correct authentication.

For the given case, for solid system for keeping financial records, we can actually follow all the three steps provided.

I. Making a mental note of all purchases made during the week. II. Recording money spent in a hand-held notebook. III. Organizing receipts and transactions on a computer.

Thus,

The method for solid system to keep it is: Option d. I, II, and III

Learn more about financial records here:

brainly.com/question/4954869

7 0
2 years ago
How would you change the equation in the explore activity to model -3x+4=5
MissTica
Are you asking how to solve this equation?
8 0
3 years ago
What is 9x-7y=-7 in slope intercept form?
Novay_Z [31]
Slope intercept form is y = mx + b

So if you start with 9x - 7y = -7, the first thing you need to do is move the 9x to the other side of the equation by subtracting it from both sides.
       9x - 7y =      -7
       -9x          -9x

Now you have -7y = -9x -7

For the equation to be in slope intercept form now you should divide every term by the number in front of your y.  In this case divide every term by -7
    -<u>7y</u> =  <u>-9x</u>  <u>-7</u>
      -7      -7   -7

That leaves you with: y = 9x/7 + 1


4 0
3 years ago
1/2 = 2m what does m equal
max2010maxim [7]
1/4 time 1/4 equals a half...or you can think about it as 25 plus 25 equals 50, (1/2 of a dollar)


8 0
3 years ago
Help me please thanks
mars1129 [50]

Answer:

x  <  − 5

The notation would be ( − ∞ ,  − 5 )

On the graph, you would put an open dot on -5 and an arrow continuing down it

7 0
3 years ago
Read 2 more answers
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