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yanalaym [24]
3 years ago
5

You are choosing between two health clubs. Club A offers membership for a fee of $12 plus a monthly fee of $28. Club B offers me

mbership for a fee of $20 plus a
monthly fee of $26. After how many months will the total cost of each health club be the same? What will be the total cost for each club?
In __ months the total cost of each health club will be the same.
Mathematics
1 answer:
EleoNora [17]3 years ago
5 0

A has fixed one time fee of $12 and if you go to it say "m" months you pay $28 for each month, so your total cost at A is really 12 + 28m.

B has a fixed one time fee of $20 and if you go to it "m" months you pay $26 for each month, so you total cost at B is 20 + 26m.

how many months for the cost to be the same?

\stackrel{A}{12+28m}=\stackrel{B}{20+26m}\implies 12+2m=20\implies 2m=8\implies m=\cfrac{8}{2}\implies m=4

well, since the cost for both is the same, we can just get A's, knowing that B is the same

12+28(4)\implies 12+112\implies 124

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Triangle P R Q is shown. The length of side P R is 5 n. The length of side R Q is 32 + n. Angles R P Q and P Q R are congruent.
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<h3>20</h3>

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Anna has a 30-year, 5.75% mortgage on her $250,000 home. She has been
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Answer:

Her new monthly payment is now $1,378.91¢

Step-by-step explanation:

  For us to calculate the new monthly mortgage payment that Anna will start paying from now on, we need to input the formula for calculating monthly mortgage payments.

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          M = P [\frac{r(1+r)^{n} }{(1+r)^{n}-1}]

  Where M is the monthly mortgage payment.

              P is the principal

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             n is the number of payments(the number of months you will be paying the loan).

 In this case, the new principal that Anna must pay back is $231,905.47¢. The annual interest rate has been reduced to 5.17% from 5.75% so the new monthly interest rate will be obtained by dividing the new annual interest rate by 12

   = 5.17%/2

   = 0.431%

  This is the new monthly  interest rate.

  Since she has been paying her mortgage loan diligently for 5 complete years. It means she now has just 25 years to complete the payment. If 12 months make up one year, then there are - 12 × 25 = 300 more months to go.

   300 is therefore "n" that is required for the calculation.

All the terms needed for the calculation of her new monthly mortgage is now complete.

P = $231,905.47¢

r  = 0.431%

n = 300

             

 M = 231,905.47[\frac{0.00431(1+0.00431)^{300} }{(1+0.00431)^{300} -1}]

     = 231,905.47[\frac{0.00431(3.634)}{2.634}]

     = 231,905.47 × 0.005946

   M  = $1,378.91¢      

   Therefore her new monthly mortgage payment will become $1,378.91¢

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4 years ago
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