How much will your principal be? At the end of 5 years, how much will you have to pay back? If you made monthly payments, how much would they be?
Q: After 10 years, you have made 1/3 of the payments. Why isn't 1/3 of the loan balance paid off?
A: We can solve it mathematically and show that after 10 years only a partial principal amount is paid…
Q: The total of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was…
A: Total payment is At=$10,692. The rate of interest is r=7%. Number of years is n=5. The formula for…
Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…
A: NOTE: Refresh your page if you can't see any equations. . the down payment is 30% of the price so…
Q: you need a home loan of $85,000 after your down payment. how much will your monthly house payment be…
A:
Q: A loan of $2520 can be repaid in 210 days by paying the principal sum borrowed plus $70 interest.…
A: To find the rate of interest charged.
Q: A motorcycle can be acquired for 5,000.00 down payment and a monthly payment of 3,000.00 for 3…
A:
Q: A man bought his girlfriend a new necklace for $259. Instead of paying cash, he paid $19 down,…
A: Cost of necklace = $259 Down Payment = $19 Amount left to be paid = Cost of necklace - Down Payment…
Q: Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will…
A: Simple interest algebra
Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…
A: given principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…
Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…
A: Given invested amount = $ 8,000 intrest rate = 6% per year
Q: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…
A:
Q: Find the total interest paid of the loan if the amount borrowed is OMR 25,000 at 5% interest for 8…
A: I am using Simple Interest formula for this. S.I.=(25,000*5*8)/100 S.I.=OMR 10,000
Q: If sue borrowed $6300 from the bank , she has already paid 2/7 of the loan, whats the remaining…
A:
Q: You owe $5,000 on your credit card, and you plan to pay it off through monthly payments of $100. If…
A: We use formulas: Simple Interest(SI) = (PRT)/100, where P = Principal Amount, R = Rate and T = Time…
Q: A ripped motorcycle can be purchase for P10,000 cash or an installment basis with P2000 down payment…
A:
Q: A payday loan company charges a $90 fee for a $600 payday loan that will be repaid in 20 days.…
A:
Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…
A:
Q: You have accepted a job from a company that will pay you $38,900 in the first year of employment and…
A: So, we are compounding each year:- Hence, we get a Geometric Progression with first term = 38900…
Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…
A: We have to calculate monthly amount.
Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…
A:
Q: How much should Allyson put into 6% saving account in order to have Php. 100,000.00 in 5 years?
A:
Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…
A:
Q: a loan is to be repaid for 9 years that will start at the end of 5 years. if the interest rate is 5%…
A:
Q: present value of the loan
A:
Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…
A:
Q: A retiree invests $5,000 in a savings plan that pays 6% per year. What will the account balance be…
A:
Q: Jenn borrowed $900 from her sister at a simple interest rate of 1.5%. If Jenn will pay back her loan…
A:
Q: A payday loan is made for four weeks, where the amount of interest owed per $100 borrowed is $10.…
A: Principal = $800 Time period for the loan = 4 weeks Amount of interest owed per$100 is $10 Total…
Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…
A: Given Principal (P)= Php15000 Simple interest (SI)= Php30000 Time (T) = 5 years
Q: The new balance of a charge account is $145.00. The minimum payment is $30.00. If the interest rate…
A: Step:-1 Given new balance is $145.00 Minimum payment is $30.00 Left balance to be paid =…
Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…
A:
Q: 2. Abel purchased a ranch worth P400,000. It is to be paid in four years with each annual payment…
A: The solution are next step
Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. If he pays the money…
A:
Q: Mary has agreed to loan Karen $1,125.37 for 5 years at 7%% simple interest. How much will Karen…
A: # Mary will receive the amount when loan is repaid as Mary has agreed to give loan to Karen The…
Q: A bank offers a CD that pays a simple interest rate of 5%. How much must you put in this CD now in…
A: First, always look for what you are asked to find. Here it is how much you must put into a CD.…
Q: If you made $3,000 a year in contributions to your retirement account starting at the age of 25,…
A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=3000 n=1 for yearly…
Q: How much is the cash value of the car if the interest used is 12% monthly?
A: Given:monthly payment =17,000 Interest rate=12% Formula used: PV annuity=P×1-1+I-nI
Q: While buying a new car, David made a d payment of $1,100 and agreed to make end payments of $230 for…
A: Given- Down payment = $1,100 End payments of $230 for the next 4 years and 4 months. Interest rate…
Q: How much interest is owed on a 9-month, $5550 loan borrowed at 7.25% simple interest?
A: Given the Principal amount P= $5550 Rate of interest =7.25% =0.0725 Time, t=9 months = 912=0.75…
Q: Mr. Allen purchased an annuity that pays 19% compouned annually. If the yearly payment is $3,500,…
A: With the help of compound interest formula we can solve this problem easily- The formula for…
Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…
A:
Q: What interest will be charged on a $1200 loan for 9 months if the rate is 12% simple interest?
A:
Q: How much can you barrow to buy a house if you agree to pay $1500 per month for 30 years at 4.5%…
A: In the given question we have to calculate the amount needed to be borrowed of which monthly payment…
Q: Patty took out a payday loan for $700 due in 2 weeks that charged a $140 fee. What is the periodic…
A: We can find the annual rate of interest as follows
Q: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…
A: The amount of loan she took P1 = $30,000 The current loan amount balance P2 = $56,000 Percentage…
Q: Johnny borrowed 15,000 from a lending company with annual simple interest rate of 9.5%. If hhe had…
A: The formula for the amount of simple interest after t years is: A=P+Prt100 Here, P is the principal…
Q: On May 28, 2020, Amy purchased a Government of Canada T-bill that matures on August 4, 2020. How…
A: Future value is $10,000 Rate of interest 1.35%
Q: If you pay $1,277 each month on your home mortgage for 20 years, how much will you pay in total for…
A: Total pay = money pay per month × duration
Q: If your monthly payments are $124, how much will you have in your retirement fund after 40 years? $…
A:
Q: You have $2,000 on a credit card that charges a 22% interest rate. If you want to pay off the credit…
A: Given:
Step by step
Solved in 2 steps with 1 images
- According to the picture attached of the resdiual plot, pelase select the statement that is true. All the assumptions are met. There is problem of heteroscedasticity. There is problem of collinearity. We should include higher order terms.Plz show work tysmThe Deepwater Horizon oil spill in the Gulf of Mexico on April 20, 2010 was "an environmental disaster of unprecedented proportions" and was a "devastating blow to the resource-dependent economy of the region" [1]. According to the Washington Post, it is estimated that 9857 9857 cubic meters of oil per day spilled into the Gulf of Mexico on August 2, 2010 Assume that an average of 9857 m^3/day of oil spilled into the Gulf of Mexico everyday and that it formed a hemispherical dome of radius r on the ocean floor. D) find the rate of change of the radius with respect to time when the volume of the oil spill is 50,000m^3. E) Since only the oil that is in contact with seawater can mix with seawater, it is important to know how much of the surface area of the oil spill is in contact with seawater. Find the rate of change of the hemisphere's surface area with respect to time when the volume of the oil spill is 50,000 m3. Include units in your answer. You should assume that only the top…
- The Deepwater Horizon oil spill in the Gulf of Mexico on April 20, 2010 was "an environmental disaster of unprecedented proportions" and was a "devastating blow to the resource-dependent economy of the region" [1]. According to the Washington Post, it is estimated that 9857 9857 cubic meters of oil per day spilled into the Gulf of Mexico on August 2, 2010 Assume that an average of 9857 m^3/day of oil spilled into the Gulf of Mexico everyday and that it formed a hemispherical dome of radius r on the ocean floor. A) find a formula for the volume of oil spilled in cubic meters, t days after the start of the oil spill. Include units in answer B) find the derivative of volume formula with respect to time. Include units in answer. C) when the volume of the oil spill is 50,000m^3, what is the radius of the hemisphere of oil? Include units in your answer. Give your answer accurate to 3 decimal places. D) find the rate of change of the radius with respect to time when the volume of…A blending process is to combine three components to create a final blind of 60,000 gallons. The three components cost $2, $1.5 and $1.25 per gallon respectively. Total cost of the components should equal 90,000. Another requirement of the blending is that the number of gallons used of component 1 should be twice the amount used of component three. Determine whether there is a combination of three components satisfying the blending restriction. Apply Gaussian elimination approach.The Cassini mission to Saturn is one of the most ambitious efforts in planetary space exploration ever mounted. It was a joint endeavor of NASA, the European Space Agency (ESA) and the Italian space agency, Agenzia Spaziale Italiana (ASI). Cassini is a sophisticated robotic spacecraft orbiting the ringed planet and studying the Saturnian system in detail. Cassini also carried a probe called Huygens. Huygens parachuted to the surface of Saturn's largest moon, Titan, in January 2005 and returned spectacular results. Cassini completed its initial four-year mission to explore the Saturn System in June 2008. Also, it completed its first extension, called the Cassini Equinox Mission, in September 2010. Then, the healthy spacecraft made exciting new discoveries in a second extension called the Cassini Solstice Mission. In late 2016, the Cassini spacecraft began a daring set of orbits called the Grand Finale. In some ways, it is a whole new mission. The spacecraft will repeatedly climb…
- Veneer is the material of plywood that has higher resistance (psi) depending on wax coat (W1, W2, W3) and temperature (T1, T2, T3). In an experiment, a large thin wood panel sheet will be coated with a wax coat. This will then be divided into three portions where each will be subjected to a drying temperature. After processing, several sheets will then be pasted together, and the resistance will be measured. Two manufacturing companies will participate in the experiment with two runs for each company.AUA wants to know whether recent alumni students from MBA class earn significantly more than recent alumni from BAB class. They take a sample of several students and ask the amount of their monthly salaries in USD (Sheet 32). What can AUA conclude at alpha=0.05? Sheet 32 MBA BAB 515 300 450 420 620 380 630 450 570 420 590 490 750 510 560 470 480 530 250 570 320 480 450 620 625 190 350 280 450 350 570 250 Select one: a. t(stat)=1.92, which is greater than t(cr)=1.7, therefore, we can conclude that MBA graduates earn more BAB graduates. b. t(stat)=1.89, which is greater than t(cr)=1.75, therefore, we can conclude that MBA graduates earn more BAB graduates. c. t(stat)=2.07, which is greater than t(cr)=1.69, therefore, we cannot conclude that MBA graduates earn more BAB graduates. d. t(stat)=2.07, which is greater than t(cr)=1.69, therefore, we can conclude that MBA graduates earn more BAB graduates.Evaluate using intergration by parts intergral (7x+2)e-6xdx
- chainrule for antidifferentiationThe cashier line of a canteen can facilitate up to 60 customers an hour. Frequenters of thecanteen arrive at an average of 50 an hour. Suppose that management wants toevaluate the desirability of opening a second order-processing station so that twocustomers can be served simultaneously. Assume a single waiting line with the firstcustomer in line moving to the first available server.a. What is the average arrival time in minutes of customers?b. What is the average service time in minutes of the canteen?c. What is the probability that the canteen has a customer?d. What is the probability that the canteen does not have any customer?e. How long would the line be on average (average number of customers in thesystem)?f. How many people are waiting to be served on average?g. How long in minutes would it take the customer from lining up until he leaves thewaiting line?h. How long in minutes would a customer wait to be served on average?i. Find the probability that there are 7 customers in the…Plagrisam highly disagree