Calculate the monthly payment for a loan of $7,500 with an 11% interest rate compounded monthly over a period of 5 years. a. $128.46 b. $163.07 c. $858.18 d. $1541.50 please select the best answer from the choices provided a b c d

Answers

Answer 1

Option b is correct monthly payment = $163.07

A loan of $7,500 with an 11% interest rate compounded monthly over a time period of 5 years.

Monthly Payment = Amount / Discount factor

Discount factor [tex]D = \frac{1-(1+i)^{n} }{i}[/tex]

where,

Amount = $7500

Rate= 11%=0.11

[tex]i = \frac{0.11}{12} = 0.0091[/tex] ( by using division)

Time = 5 years

Time (n) = 5 × 12 = 60

Now, put i and n in the Discount factor,

[tex]D = \frac{1-(1+i)^{n} }{i}[/tex]

[tex]D = \frac{1-(1+0.009)^{-60} }{0.009}[/tex]

[tex]D = \frac{1-(1.009)^{-60} }{0.009}[/tex]

[tex]D = \frac{0.421 }{0.009}[/tex]

D = 46.77

Monthly payment (M),

[tex]M = \frac{Amount}{Discout factor} = \frac{A}{D}[/tex]

[tex]M = \frac{7500}{46.77}[/tex] ( by using division)

Monthly payment = 163.07

Therefore, Option b is the correct monthly payment = $163.07.

Read more about the Discount factor :

https://brainly.com/question/8691762

#SPJ4


Related Questions

Explain why the standard deviation of a set of data is always given as a positive number, but data points can have a negative overall standard deviation.

Answers

The reason why the standard deviation of a set of data is always given as a positive number is because the individual values are squared.

What is the standard deviation?

The term standard deviation is used to express how much numbers depart from the mean value. Now we know that the standard deviation for each of the data points is the square of the difference between the score and the mean.

Given that the value that is extracted from each data point is squared, the standard deviation of a set of data is always given as a positive number, but data points can have a negative overall standard deviation.

Learn more about standard deviation:https://brainly.com/question/13905583

#SPJ1

how many 2/7 are 150

Answers

Answer:

42.8571

Step-by-step explanation:

We would need to divide 150 by 7 and multiply it by 2 to get the answer.

150/7 = 21.42857

21.42857*2 = 42.8571

Let tan(x)=2/5
What is the value of tan(2π−x)
please!

Answers

Answer:

-0.4 or [tex]\frac{-2}{ 5}[/tex]

Step-by-step explanation:

[tex]tan^-^{1} ({\frac{2}{5} })=21.80\\[/tex]

tan ( 2π-21.80)

but 2π = 360

Therefore our question becomes:

tan ( 360-21.80)=tan(338.2)= -0.4

PLSSS THIS NEEDS TO BE DONE QUICKLY ​

Answers

Answer: 433.33 cm^3

Step-by-step explanation: Since the base is a square, volume = base area × height / 3

10*10 = 100,  100 * 13 = 1300, divided by 3 = 433.33 cm^3

The distribution of probabilities for each outcome of a random variable that sums to 1.00 is called a Group of answer choices random variable probability distribution conditional probability sample space

Answers

The distribution of probabilities for each outcome of a random variable that sums to 1.00 is called a Probability Distribution.

According to the statement

we have to find the under which probability type The distribution of probabilities for each outcome of a random variable that sums to 1.00.

So,

For this purpose, we know that the

A probability distribution is a statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.

and the above written definition of probability is satisfied the condition that the The distribution of probabilities for each outcome of a random variable that sums to 1.00.

Due to this reason The Probability Distribution is a correct option.

So, The distribution of probabilities for each outcome of a random variable that sums to 1.00 is called a Probability Distribution.

Learn more about probability here https://brainly.com/question/25870256

#SPJ4

Francisco's credit card has an APR of 13%, calculated on the previous
monthly balance, and a minimum payment of 2%, starting the month after the
first purchase. His credit card record for the last 7 months is shown in the
table below.
A.609.87
B.45.52
C.330.35
D.279.53

Answers

The amount of the $5200 charge that Francisco made during the first month has been paid off will be $279.53 based on the APR.

What is APR?

Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors

For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate.

The amount of the $5200 charge that Francisco made during the first month has been paid off will be the total of the principal paid which is:

Principal paid = $47.67+$47.23+$46.80+$46.37+$45.94+$45.52

=$279.53

Therefore, the amount of the $5200 charge that Francisco made during the first month has been paid off will be $279.53.

In conclusion, the correct option is D.

Learn more about APR on:

https://brainly.com/question/16937491

#SPJ1

Complete question:

How much of the amount of the $5200 charge has Francisco paid off in the first month?

17
The product of two positive numbers is
Calculate the numbers.
5/6
And their quotient is 15/8 calculate the number

Answers

Answer:

Let "x" and y" be the two numbers.

We have

xy = 5/6, (1) and x/y = 15/8. (2)

Multiply (1) and (2) (both sdes). You will get

x^2 = (5*15)/(6*8) = 25/16.

Hence, x = +/- 5/4.

Next, divide (1) by (2) (both sides). You will get

y^2 = 5/6:15/8 =

(5*8)/(6*15) = 4/9.

Hence, y=+/-2\/3.

Answer. There are two solutions: (x, y)=(5\/4,2\/3) and (x,y) = (-5/4,-2/3).

// We should exclude the second solution, since the numbers are negative.

In a quadrilateral help he is congruent to lp what other condition would prove that help is a parallelogram

Answers

Answer: [tex]\overline{EL} \cong \overline{HP}[/tex]

Step-by-step explanation:

A quadrilateral with two pairs of opposite congruent sides is a parallelogram.

13. Define the domain of the following

Answers

For the given diagram, the domain of the graph will be within the range [-2, 8]. Hence the required domain are {-2, 0, 1, 2, 8}

Domain of a function

The domain of a function are the independent variable of the function for which it exists,

For graphs, the domain exists on the x-axis of the curve or line on the xy plane.


For the given diagram, the domain of the graph will be within the range [-2, 8]. Hence the required domain are {-2, 0, 1, 2, 8}

Learn more on domain here: https://brainly.com/question/26098895

#SPJ1

There are 50 pennies in a roll. if you have 110 rolls of pennies, how many pennies do you have?

Answers

Answer:

The answer to your question is 5500

Step-by-step explanation:

[tex]50x 110 = 5500\\[/tex]

I hope this helps and have a good day!

The results of a poll show that the true proportion of students who prefer the new schedule is likely in the interval (0.195,0.245).

What is the point estimate of the proportion of students who prefer the new schedule

Answers

The point estimate of the proportion of students who prefer the new schedule is 0.22.

Definition of Point Estimate

Point estimation is a technique used in statistics to determine a single value that will serve as the "best guess" or "best estimate" of an unidentified population characteristic, known as the point estimate. More precisely, in order to produce a point estimate, we apply a point estimator to the data.

For the confidence interval (0.195, 0.245), point estimate is calculated as follows,

p = (0.195 + 0.245) / 2

p = 0.44 / 2

p = 0.22

Hence, the point estimate of the proportion of students who prefer the new schedule comes out to be 2.2.

Learn more about point estimate here:

https://brainly.com/question/17514579

#SPJ1

1 point
Calculate the rate of change for each function over the interval [0, 3], then tell which function is
growing faster.
f(x) = 2x + 3
g(x) = 2² +3
Of(x) has a rate of change of 2
g(x) has a rate of change of 2.33
So g(x) is growing faster
f(x) has a rate of change of 6
g(x) has a rate of change of 7
So g(x) is growing faster
f(x) has a rate of change of 6
g(x) has a rate of change of 7
So f(x) is growing faster
f(x) has a rate of change of 2
g(x) has a rate of change of 2.33
So f(x) is growing faster

Answers

If f(x) = 2x + 3 then Δy/Δx = 2 and g(x) = 2² +3 then Δy/Δx = 2.33.

The correct answer is option A.

f(x) has a rate of change of 2

g(x) has a rate of change of 2.33

So g(x) is growing faster

How to estimate the rate of change of a function over the interval  [0, 3]?

Let f(x) = 2x + 3 and g(x) = 2² +3

Let, ∆y /∆x denotes the ratio of y change and x change when x change exists relatively large.

If f(x) = 2x + 3

Δy/Δx = [f(3) - f(0)]/3 - 0

f(3) [tex]= 2*3+3 = 9[/tex]

f(0) [tex]= 2*0+3 = 3[/tex]

[f(3) - f(0)]/3 - 0 = (9 - 3)/3

= 6/3 = 2

g(x) = 2² +3

Δy/Δx = [g(3) - g(0)]/3 - 0

[tex]$= (2^3 +3)-(2^0 +3)/3[/tex]

[tex](2^3 +3)-(2^0 +3) = 7[/tex]

[tex](2^3 +3)-(2^0 +3)/3[/tex] = 7/3 = 2.33

Therefore, the correct answer is option A.

f(x) has a rate of change of 2

g(x) has a rate of change of 2.33

So g(x) is growing faster

To learn more about functions refer to:

https://brainly.com/question/11388036

#SPJ9

NL and MK are diameters of circle J.

Circle J is shown. Line segments M K and N L are diameters. Line segment J P is a radius. Angle M J N is 62 degrees and angle N J P is 90 degrees.

Complete the statements about circle J.

Arc M P is a
and measures

degrees.

Arc M L N is a
and measures

degrees.

Answers

Arc M P is a minor arc and measures 152°

Arc M L N is a major arc and measures 298° .

Given that NL and MK are diameters of circle J.  

 Size of arc MP is 62+90=152°, since MP is smaller than MLN

             then it is a minor arc. Hence the correct statement is:  

             M P is a minor arc and measures 152°.

Size of M L N is 360-62=298°, thus it is a major arc. Hence the

             correct statement is:

             MLN is  major arc and measures 298°.

Arc M P is a minor arc and measures 152°

Arc M L N is a major arc and measures 298° .

learn more about arcs here:

https://brainly.com/question/228276

#SPJ1

Answer:

Complete the statements about circle J.

Arc M P is a

✔ minor arc

and measures

✔ 152

degrees.

Arc M L N is a

✔ major arc

and measures

✔ 298

degrees.

Step-by-step explanation:

edge 2022

A company has $36,000 to hire a mathematician and his or her secretary. Out of respect for the mathematician's training, the mathematician will be paid $8000 more than the secretary. How much will each be paid

Answers

The money paid to the secretary is $14000 and the money paid to mathematician is $22000.

What is an equation?

A mathematical statement that establishes the equality of two mathematical expressions is the called an equation.

Total money available for hiring = $36000

Let the money given to secretary = X

Money given to the mathematician = X + 8000

X + (X + 8000) = 36000

2X = 28000

X = 14000

Money given to secretary is $14000.

Money given to the mathematician is $22000.

Learn more about equations on:

https://brainly.com/question/2972832

#SPJ4

Select all the true statements. Logarithms may be used to linearize data. Powers may be used to linearize data. Roots may be used to linearize data. If a data set is linearized by taking the common logarithm (log) or natural logarithm (ln) of the y-values, then the data follows a power model. If a data set is linearized by taking the pth root of the y-values, then the data follows a power model.

Answers

The true statements are:

Logarithms may be used to linearize data.

Powers may be used to linearize data. Roots may be used to linearize data.

If a data set is linearized by taking the common logarithm (log) or natural logarithm (ln) of the y-values, then the data follows a power model.

Another format for writing exponents is in logarithms.

The use of a logarithm can be utilized to solve issues that cannot be resolved using the concept of exponents alone. A logarithm is simply another way to describe exponents. Exponent and logarithm are inverse forms of one another. A logarithm is defined using an exponent.

Learn more about logarithms here:

https://brainly.com/question/25710806

#SPJ1

Answer:

A.Logarithms may be used to linearize data.

B.Powers may be used to linearize data.

C.Roots may be used to linearize data.

E.If a data set is linearized by taking the pth root of the y-values, then the data follows a power model.

Step-by-step explanation:

Yes

the area of a rectangle is 344in²; if the length is 78in, find the width and perimeter of the rectangle

what is the width and perimeter ​

Answers

The width is 4.41 inches and the perimeter is 164.82 inches

I keep believing the answer is either 18,000 or 1,800 but im incorrect. Can someone please help me?? I use the formula A^2 *2*A*L=SA

Answers

The base is a square, so the area of the square is (10 cm)² = 100 cm²

To find the area of each triangle use the formula

base • height

10 cm • 9 cm = 90 cm²

now multiply by the number of triangles

90 cm • 4 = 360 cm²

Add the area of the square:

100 cm² + 360 cm² = 460 cm²

I hope it's correct

Answer:

SA = 280 cm²

Step-by-step explanation:

SA = area of base + area of 4 congruent triangles

     = 10² + (4 × [tex]\frac{1}{2}[/tex] × 10 × 9 )

     = 100 + (2 × 10 × 9)

     = 100 + 180

     = 280 cm²

2 (3/4 - x/3) = 1 1/4
solve for x

Answers

The value of x is 17/12

How to solve for x?

The equation is given as

2 (3/4 - x/3) = 1 1/4

Express as improper fractions

2 (3/4 - x/3) = 5/4

Divide through by 2

3/4 - x/3 = 5/9

Collect like terms

x/3 = 3/4 - 5/9

Multiply through by 3

x = 9/4 - 15/9

Evaluate

x = (81 - 30)/36

Evaluate

x = 51/36

Simplify

x = 17/12

Hence, the value of x is 17/12

Read more about equations at:

https://brainly.com/question/723406

#SPJ1

Decide if the random variable x, is discrete or continious: x represents the temperature in degrees Fahrenheit on July 4th in Juneau, Alaska

Answers

Answer:

Continuous

Step-by-step explanation:

Degrees don't always have to be integers. It can be 32.3 degrees, 32.31 degrees, etc.

Calculate the slope of a line that goes through (3,3) and (8,1).

Answers

Answer:

slope formula= y2-y1/x2-x1

=1-3/8-3

= -2/5

pls mark as brainliest thanks!

Ryan called each school in the district to determine wether or not they have a recycling program. What is true about Ryan’s data collection

Answers

Ryan's data collection is true that Ryan did a survey  he asked about qualitative data.

Given that Ryan called every school in the district to find out if they had a recycling program.

We know that there are two types of data:

Quantitative data deals with numbers and things that we can count or measure such as dimensions such as height, width, and length.

Qualitative data relating to characteristics and descriptions cannot be counted or measured, but are observable by their qualities such as smell, taste, and color.

If we ask for quantitative data, the survey will be quantitative. Data recycling means the quality of the data available.

They can ask for a yes or no answer, as in the Ryan investigation.

Hence, the correct statement about Ryan's data collection is: Ryan conducted a survey in which he asked about qualitative data.

Learn more about qualitative data from here brainly.com/question/27076284

#SPJ1

Kat plays a surfing video game with a friend. Each player earns 50 points for each trick he performs, but loses 40 points each time he falls off the surfboard. Last week, Kat had 6 stunts and 9 falls. Her score from her today was 3 times her score from last week. What was Kat's score today. What would be different about Kat's score today if it were –3 times her score from last week? What would be the same? Explain your reasoning.

Answers

Step-by-step explanation:

No. of points got from 1 stunt = 50.

No. of points deducted from 1 fail = 40.

6 stunts and 9 falls were gained last week.

So, A/C the number of points earned =

(6×50)-(9×40)

= 300 - 360

= -60

Her score today is 3 times her score from last week so multiply by 3

= (-60) × 3

= -180

If it were multiplied by -3 instead of 3 it would be...

(-60) × (-3)

= 180

The difference would be that on multiplying with positive 3 she would be 180 points in the whole but multiplying with negative three means she is 180 points in the league.

The similarity is that that whole number is same but the symbol adds a difference and the absolute value would be same too.

At a charity fundraiser, each female attendant donated $1,200 and each male attendant donated $800. If the average donation at the fundraiser was $900, what was the ratio of the number of female attendants to the number of male attendants.

Answers

The ratio of the number of female attendants to the number of male attendants is 21/17

Ratio

Amount donated by female attendant = $1200Amount donated by male attendant = $800Average donation = $900

let

number of female attendant = xnumber of male attendant = y

900 = 1200x + 800y / (x + y)

900x + 900y = 1200x + 800y

900x + 1200x = 800y + 900y

2100x = 1700y

x : y = 2100 / 1700

x : y = 21 ; 17

Learn more about ratio:

https://brainly.com/question/2784798

#SPJ1

Two random samples were done to determine how often people in a community go to the dentist. the first sample surveyed 10 people as they entered their workplaces. the first sample found that the mean time between visits to the dentist was 7.5 months. the second sample surveyed 50 people as they entered the local grocery store. the second sample found that the mean time between visits to the dentist was 18.1 months. which statements are true? check all that apply. the first sample is likely to be more representative of the population. the second sample is likely to be more representative of the population. the second sample will give a better representation because it is larger. the first sample is not biased. community members probably visit the dentist about once every 18 months.

Answers

The answer of all of this is 18 because 18.1 months so if you do the math you get 18-7x+20^2

Answer:

B, C and E

Step-by-step explanation:

simplify 16-4(3x-2)²

Answers

16-4(3x-2)²

=16-4(3x-2)(3x-2)

=16+−36x²+48x+−16

=(−36x²)+(48x)+(16+−16)

=−36x²+48x

Answer:

[tex] \red{- 12x(3x - 4)}[/tex]

Step-by-step explanation:

We know that,

[tex](a - b)^{2} = {a}^{2} - 2ab + {b}^{2} \\ [/tex]

Accordingly, let us solve the sum now.

[tex]16 - 4(3x - 2)^{2} \\ 16 - 4(9 {x}^{2} - 12x + 4) \\ 16 - 36 {x}^{2} + 48x - 16 \\ - 36 {x}^{2} + 48x \\ - 12x(3x - 4)[/tex]

Help me with this question please

Answers

the answer is 991^2/80
The answer is 991^2/80

PLEASE HELP I've been struggling on this one :(

Answers

Answer: The answer is (x+2)(x-4)(x-4)
Or as a short form you can write it as
[tex](x+2) (x-4)^{2}[/tex]

Step-by-step explanation:

Answer is very lengthy but I am 100% sure that's the correct answer

Answer:

(x³ - 6x² + 32) = (x - 4)²(x + 2)

Step-by-step explanation:

(x³ - 6x² + 32)/(x - 4) =

           x² - 2x - 8

          ----------------------------------

x - 4    |  x³ - 6x² + 0x + 32

             x³ - 4x²

            ----------

                  -2x² + 0x

                  -2x² + 8x

                 ----------------

                            -8x + 32

                            -8x + 32

                           -------------

                                       0

(x³ - 6x² + 32) = (x - 4)(x² - 2x - 8) = (x - 4)(x - 4)(x + 2) =

= (x - 4)²(x + 2)

Identify the range of the function shown in the graph.
OA. -1 sy≤ 1
OB. {-1, 1)
OC. y> -1
-10
D. y is all numbers.
10
8
8-
2
48
-6
88
-10-

Answers

The range of the attached function is 0 ≤ y ≤ 8

How to determine the range?

The complete question is added as an attachment

From the graph, we have the following highlights

Vertex = MaximumVertex = (0, 8)

This means that the y value do not exceed 8, and the minimum is 0

Hence, the range of the attached function is 0 ≤ y ≤ 8

Read more about range at:

https://brainly.com/question/13824428

#SPJ1

Solve the triangle. A = 46°, a = 31, b = 27

A. B = 38.8°, C = 115.2°, c ≈ 34.3

B. B = 38.8°, C = 95.2°, c ≈ 25.7

C. B = 38.8°, C = 95.2°, c ≈ 42.9

D. Cannot be solved

Answers

Answer:

C. B=38.8, C=95.2, c=42.9

Step-by-step explanation:

Find B by using sine rule

sin 46/31=sin B/27

sin B= 27 sin 46/31

B=sin‐¹(0.627)

B=38.8

Find C

C= 180-(A+B)

C=180-(38.8+46)

C=95.2

Using sine rule, Find c

31/sin 46=c/sin 95.2

c=31 sin 95.2/sin 46

c=42.9

I need help anyone with graphs

Answers

The given function shows imply that the graph g(x) is shifted two units right and three units up.

Option B is correct.

What is the transformation of a function?

The transformation of a function occurs in a fancy way such that a function maps itself. f: x → x.

From the given information:

Let's take a look at the function f(x) that goes through 0 just when x = 0. Now we want to move it to the right by 2. It implies that it has to go through 0 when x = +2.

Now, we have to add 2 to x, then the function becomes f'(x) = f(x-2) will be shifted by 2 units to the right.

Similarly, the same scenario occurs when shifting up. Again imagine your function passes 0 when x = 0.  We have to add 3. Now, the function f’’(x) = f(x) + 3 will be shifted by 3 units up.

Combining the two transformations, we have:

g(x) = f(x-2) + 3

Therefore, we can conclude that the function implies that the graph g(x) is shifted two units right and three units up.

Learn more about the transformation of functions here:

https://brainly.com/question/1548871

#SPJ1

Other Questions
In circle S, a sector is shaded. ZTSU measures 40.CT40(47)SWhat fraction of the interior of the circle is shaded?Simplify your answer.4 cmWhich expression represents the area of the shaded sector in square centimeters(4x)(16)(167) process of assigning tasks to workers to reach the desired capacity is called line balancing. group of answer choices false true losses on sales between related parties are realized but not recognized.truefalse A number x when rounded to 2 decimal places, is equal to 8. 32Find the upper and lower bound of xLower Bound = Upper Bound = travis will be returning an employer's call and wants to make sure that the first conversation is impressive. what should he do? find the area and circumference. round to the nearest tenth sketch 4 different windows having different numbers of window panes in each. shade 34 of the panes in each window. true/false a perfectly competitive firm currently produces and sells 800 units of output at a priceof $12 per unit. the firm's average fixed cost is afc what method of transportation accounts for the majority of finished goods finding their way to consumers? The diagram represents the trajectory of an airplane at take off. The angle that represents thetrajectory of a jet is 15% greater than the trajectory of the airplane. what is the minimum number of nodes in an avl tree of height 7? hint: the minimum number of nodes is given by the recursive formula s(h) = s(h-1) s(h-2) 1. for h=0, s(h) = 1. for h=1, s(h) = 2. why will selection promote the formation of prezygotic barriers between species if postzygotic barriers already exist? the ________________ movement reacted against industrialization and sought to produce functional objects with high aesthetic value for a wide public. A juvenile delinquent on ______ is released into the community with the understanding that his or her continued freedom depends on good behavior and compliance with the conditions established by his or her officer and/or the judge.A. paroleB. aftercareC. incarcerationD. probation use variation of parameters to solve the given nonhomogeneous system. dx dt = 2x y dy dt = 3x 2y 6t calculate the integral by interchanging the order of integration. 2 0 1 0 (x 4ey 5) dx dy Light of wavelength = 595 nm passes through a pair of slits that are 23 m wide and 185 m apart. How many bright interference fringes are there in the central diffraction maximum? How many bright interference fringes are there in the whole pattern? _____is something that prompts an individual to release his or her energy in a certain direction, user support managers often use which of these strategies to determine how many staff members to hire to handle the volume of support incidents received? Having an issue with this question. I keep getting answer choice D, but Ive been told by the teacher that its apparently A? Any explanation would be appreciated. Thanks!