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WINSTONCH [101]
2 years ago
15

Saving and Spending In this open response, you will be managing a checkbook and savings account.

Mathematics
1 answer:
user100 [1]2 years ago
7 0

Answer:

laviña and the two girl had been on my mind

Step-by-step explanation:

laviña and the two girl had been on my mind that you add me I need to renounce I'm poor you ty

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3. Suppose your credit card has a balance of $7800 and an annual interest rate of 16%. You decide
Blizzard [7]

Answer:

  • $274.22 per month
  • $2071.92 in total interest
  • $433.48 more per month
  • $1379.52 less in interest

Step-by-step explanation:

a) The amortization formula is used to find the monthly payment (A):

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

for a loan of a principal amount P at annual rate r compounded n times per year for t years.

For a borrowed amount of $7800 at 16% compounded monthly for 3 years, the payment will be ...

  A = $7800(.16/12)/(1 -(1 +.16/12)^(-12·3)) ≈ $274.22

You must pay $274.22 each month to pay off the credit card in 3 years.

__

b) The total amount repaid is 36 times this monthly payment, so is ...

  $274.22 × 36 = $9871.92

The amount by which this exceeds the principal borrowed is ...

  $9871.92 -7800 = $2071.92

You will pay $2071.92 in interest.

__

c) Changing the time period to 1 year gives the payment value ...

  A = $7800(.16/12)/(1 -(1 +.16/12)^(-12·1)) ≈ $707.70

The additional amount you must pay is ...

  $707.70 -274.22 = $433.48

You must pay $433.48 more each month.

__

d) Your total interest with the higher payments will be ...

  $707.70×12 -7800 = $692.40

The difference in interest amounts is ...

  $2071.92 -692.40 = $1379.52

You will pay $1379.52 less in total interest.

_____

<em>Caveat</em>

Here, the monthly amounts are rounded and the total repayment amount is based on that rounded value. In an actual payment situation, the final payment will be adjusted by a small amount to account for the fact that the monthly payment shown is not exact. That will affect the total interest and the difference in interest.

8 0
3 years ago
Sin 3pi divided by 4
KATRIN_1 [288]
Sin 3pi/4 is angle 135 degrees or 45 degrees below 180 degrees. Hence it's opposite side is 1 and adjacent is 1, implying the hypothenus is sqrt(2). Hence

Sin 3pi/4 = 1/sqrt(2). Now multiply by sqrt(2)/sqrt(2) to get:

[1/sqrt(2).] * [sqrt(2)/sqrt(2)] = sqrt2)/2
6 0
3 years ago
Engineers and architects often use transformed shapes to design objects or structures. Analyze a building or structure around yo
Crank

Answer:

A two story home might use translation to have both floors identical and most homes have windows of the same size and shape so they might also use translation. Sometimes buildings use reflection to make rooms opposite each other the same.

Step-by-step explanation:

4 0
2 years ago
59:26 What is the length of the hypotenuse, x, if (20, 21, x) is a Pythagorean triple? 22 29 41 42
Vikki [24]
If the legs are length a and b and hyptonuse is c then
a²+b²=c²

so
if the legs are 20 and 21 and the hypotnuse is x then
20²+21²=x²
400+441=x²
841=x²
29=x
4 0
3 years ago
Read 2 more answers
A box contains 9 identical glass spheres that are used to make snow globes.
DIA [1.3K]
Uhmmm B I pretty sure
5 0
3 years ago
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