Ricky is taking out a personal loan for $12,000 to remodel his kitchen. He would like the lowest monthly payment possible, even if it means a bigger finance charge in the end. His bank has offered him a loan at 13% interest for 36 months or 12% interest for 60 months, both of which are compounded monthly. Which of the following statements most accurately describes what Ricky should be thinking?
a.
More payments with the 60 month loan will give him the lowest monthly payment.
b.
Fewer payments with the 36 month loan will give him the lowest monthly payment.
c.
The 60 month loan comes with a bigger finance charge and, thus, a bigger monthly payment.
d.
The 36 month loan comes with a bigger finance charge and, thus, a bigger monthly payment.



Please select the best answer from the choices provided


A
B
C
D

Answers

Answer 1

Answer:

the correct answer is: a. More payments with the 60 month loan will give him the lowest monthly payment.

Step-by-step explanation:

Hope this help :) LMK

Answer 2

Fewer payments with the 36 monthly loan will give him the lowest monthly payment.

Option B is the correct answer.

What is compound interest?

It is the interest we earned on the interest.

The formula for the amount earned with compound interest after n years is given as:

A = P (1 + r/n)^{nt}

P = principal

R = rate

t = time in years

n = number of times compounded in a year.

We have,

Ricky should choose the 36-month loan at 13% interest, which has a higher interest rate but a shorter repayment period.

This means that he will have fewer payments to make, which will result in a lower monthly payment.

The 60-month loan may have a lower interest rate, but the longer repayment period will result in a larger finance charge and a higher monthly payment.

Thus,

Fewer payments with the 36 monthly loan will give him the lowest monthly payment.

Learn more about compound interest here:

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Related Questions

please help! with explanation please

Answers

Answer:

x = 13.773

Step-by-step explanation:

cos(∠ABC) = [tex]\frac{BC}{AB}[/tex]

cos(37°) = [tex]\frac{11}{x}[/tex]

x = 13.773

CONVERT 24-HOUR TO 12-HOUR

1. 21:30
2. 08:50
3. 10:45
4. 19:36

Answers

Answer:

1) 09:30

2) 08:50

3) 10:45

4) 07:36

Step-by-step explanation:

I hope this helps!!

Help!!,!, please
y = 2x + 4
6x – 3y = -12

And
y = 2x
-8x – 2y = 24
System by substitution

Answers

Answer:

y = 2x + 4

y = 2x + 46x – 3y = -12

y = 2x + 46x – 3y = -12And

y = 2x + 46x – 3y = -12Andy = 2x

y = 2x + 46x – 3y = -12Andy = 2x-8x – 2y = 24

Step-by-step explanation:

hope it helps you

urgent!!!!!!
in an oblique triangle two sides measure 6cm and 12 cm and the angle across from the side that is 12cm in length measures 58°. to the nearest whole, what are the measures of the other two angles

Answers

Answer:

25° and 97°

Step-by-step explanation:

Oblique triangle : any triangle that is not a right triangle

Use the sine rule to find one of the unknown interior angles:

[tex]\dfrac{sin(A)}{a}=\dfrac{sin(B)}{b}=\dfrac{sin(C)}{c}[/tex]

where A, B and C are the interior angles of a triangle, and a, b and c are the sides opposite to the interior angles.

[tex]\implies \dfrac{sin(58)}{12}=\dfrac{sin(B)}{6}[/tex]

[tex]\implies sin(B)=\dfrac{6sin(58)}{12}=0.4240240481...[/tex]

[tex]\implies sin(B)=25.08890446...=25 \textdegree \ \ \textsf{(nearest whole)}[/tex]

Sum of interior angles of a triangle = 180°

⇒ Missing angle = 180 - 58 - 25 = 97°

Which statements are true? Check all that apply.
0 6>4
10 9
0 2>7
O 7 < 5
10 12
O 2 < 5
11

> 11
20

Answers

Answer:

06>4

Step-by-step explanation:

yes that. is the answer because 06 is greater than 4

Maddie does not have any pretzels.
Zach gives Abbey 8 pretzels. Then he splits half of the pretzels he has left with Maddie.
Zach lets p represent the number of pretzels he starts with. He finds that the number of pretzels that Maddie has is the difference of p and 8.
Write an expression to represent the number of pretzels that Maddie has
< 23 24 25
26
27
23
30
31
32
> 28 of 36
Finish Later
II
Sunt

Answers

so zach starts with x

he gives abbey 8

x - 8

now he has x - 8 pretzels

he gives half of x - 8 to maddie

0.5x - 4 = how many maddie has at the end

x - 8 = 0.5x - 4

2x - 16 = x - 8

x = 8

Joshua has a ladder that is 18 ft long. He wants to lean the ladder against a vertical wall so that the top of the ladder is 17.7 ft above the ground. For safety reasons, he wants the angle the ladder makes with the ground to be no greater than 78°. Will the ladder be safe at this height?

Answers

For safety reasons \theta should not be greater than 70 and with the current scenario\theta= 79.52

the ladder will not be safe at this height

\theta= 79.52

Arithmetic

Question Parameters:

Joshua has a ladder that is 18 ft long.

He wants to lean the ladder against a vertical wall so that the top of the ladder is 17.7 ft

Generally the equation for the angle ABC is mathematically given as

Let ∠ABC = \theta

In the right angle triangle ACB,

Hence

sin ∠ABC  = AC / AB

sin \theta = 17.7 / 18

[tex]\theta = sin-1 (17.7 / 18)\\\\\theta = 79.52[/tex]

For more information on Arithmetic

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Using derivatives+optimization, find the dimensions of the rectangle of largest area that can be inscribed in an equilateral triangle of side 12.

Answers

Check the picture below atop.

we know is an equilateral triangle, meaning that all its interior angles are 60°, and thus if we run a line from the top vertex as you see there, we end up with a 30-60-90 triangle, either way there's an equation to get its height, and anyhow the altitude of it is 6√3.

As the rectangle moves up and down the triangle, with the rectangle having a width of "w" and a length of "L", the triangle that it forms above itself is a triangle, always with a base of "L" and a height of 6√3 - w.

BTW we laid the rectangle as you see on the bottom side, but laying it anywhere else it'd have ended up in the same arrangement.

well, with the bottom of the rectangle beign parallel to that of the side of the circumscribing triangle, the small upper triangle is similar to the containing triangle by AAA, and since we have similar triangles, we can say that.

[tex]\cfrac{6\sqrt{3}}{12}=\cfrac{6\sqrt{3}-w}{L}\implies \cfrac{\sqrt{3}}{2}=\cfrac{6\sqrt{3}-w}{L}\implies L\sqrt{3}=12\sqrt{3}-2w \\\\\\ L=\cfrac{12\sqrt{3}-2w}{\sqrt{3}}\implies L=12-\cfrac{2w}{\sqrt{3}}\implies L=2\left(6-\cfrac{w}{\sqrt{3}} \right) \\\\[-0.35em] ~\dotfill\\\\ \stackrel{\textit{Area of the rectangle}}{A=wL\implies A(w)=w\cdot 2\left(6-\cfrac{w}{\sqrt{3}} \right)}\implies A(w)=2\left(6w-\cfrac{w^2}{\sqrt{3}} \right)[/tex]

[tex]\cfrac{dA}{dw}=2\left(6-\cfrac{2w}{\sqrt{3}} \right)\implies \cfrac{dA}{dw}=4\left(3-\cfrac{w}{\sqrt{3}} \right) \\\\[-0.35em] ~\dotfill\\\\ 0=4\left(3-\cfrac{w}{\sqrt{3}} \right)\implies \boxed{w=3\sqrt{3}}[/tex]

hmmm the way I usually run a 1st derivative test is, by using the critical point and slicing from it just a tiny bit, like say 3√3 - 0.000000001 to check the region on the left and then 3√3 + 0.000000001 to check the region on the right.

Check the picture at the bottom, the 1st derivative test more or less gives us those values, positive on the left-side and negative on the right-side, meaning as you can see in the arrows, is a maximum at that point.

[tex]\stackrel{\textit{we know that}}{L=2\left(6-\cfrac{w}{\sqrt{3}} \right)}\implies L=2\left(6-\cfrac{3\sqrt{3}}{\sqrt{3}} \right)\implies \boxed{L=6}[/tex]

I'm not asking for too much so PLS help
I'M DESPERATE :(​

Answers

Answer:

no

Step-by-step explanation:

theses expressions do not have the same values because they both have differant answers.

when put in a calculator: [tex]\sqrt{100-64[/tex] = 6

and [tex]\sqrt{100[/tex] - [tex]\sqrt{64[/tex] into the calculator you get =2  (the sqrt of 100= 10 and the sqrt of 64=8)     (10-8=2)

Answer:

ok so lets just talk about what each one represents

the first one represents the square root of 100-64 so

the square root of 36 is 6

the second one is the square root of 100 minus the square root of 64 so

10-8=2

the first one is 6

the second one is 2

so no

Hope This Helps!!!

(–3f – 4g + 9) – (2 – 6f + 5g)

Answers

The answer is 3f - 9g + 7

Collect like terms
-3f + 6f = 3f
-4g - 5g = -9g
9 - 2 = 7

3f - 9g + 7

Please mark Brainliest!



What is the area of the model

Answers

The area of the model is 100.25in^2
So, letter D

Please find which inequality has a solution that is represented by the graph below

Answers

It’s letter B the right answer is B

Answer:

your answer is D

yes, I checked

2. Find the slope, the y-intercept and then write the equation of the line.​

Answers

Answer:

Y =3x/2 is the equation of the line.

Slope is 3/2

Y intercept is zero

Write a sine function that has a midline of 5, an amplitude of 2 and a period of 3pi

Answers

I hope this helps (:

According the contract, which of the following is not a responsibility of the HOA? a. Monitor overnight parking at least once a week b. Give a written warning for the first infraction of overnight parking c. Give a written warning for the second infraction of overnight parking d. Tow the car of a homeowner who has parked in the street overnight five nights in a row.

Answers

Answer:

The correct answer is letter D: tow the car of a homeowner who has parked in the street overnight five nights in a row.

This rule was not mentioned in the said contract. HOA specifically notified that if a person violates the rule more than three times, fines will be given to this violator.

Step-by-step explanation:

Answer:

its c

Step-by-step explanation:

did the test got it wrong but it showed the answer

Put the following equation of a line into slope-intercept form, simplifying all fractions.
12x-20y= 60

Answers

Answer:

[tex]y=\frac{3}{5} x-3[/tex]

Step-by-step explanation:

Slope-intercept form: y = mx+ b

m = slope

b = y-intercept

Rearrange the equation:

[tex]-20y=-12x+60[/tex]

Divide each side by -20:

[tex]\frac{-20y}{-20} =\frac{-12x}{-20} +\frac{60}{-20}[/tex]

[tex]y=\frac{3}{5} x-3[/tex]

[tex]y=\frac{3}{5} x-3[/tex] is your simplified, slope-intercept form equation.

What is the product?
361
[-1 2 41x2 40
0 62
0
이에
26
7
o [126 7 기
ㅇ[73891
7
0 138
9

Answers

Answer:

i think the profuct is joe

Step-by-step explanation:

j

o

e 1-357=1

. Paige can complete a landscaping job in
6 hours. Malia can complete the same job in
4 hours. Working together, how long would it
take them to complete the job?

Answers

maybe less than 4hrs since there’s two working together and since malia can complete less than Paige

Togetherly Paige and Malia can complete the job in 2.4 hours,

What is the rate of change?

Rate of change is defined as the change in value with rest to the time is called rate of change.

Here,
Let the amount of work be x,
Paige complete x work in 6 hours
So the unit rate of doing work of page = x / 6
Similarly,
The unit rate of doing x work of Malia = x / 4

Sum of the unit rate = x / 6 + x /4 = 5x/12
Now,
Time = work/unit rate
Time = x / [5x/12]
Time = 12/5
Time = 2.4 hours

Here, togetherly Paige and Malia can complete the job in 2.4 hours,

Learn more about the rate of change here:

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Please answer this correctly
Thanks :)))))

Answers

Answer:

Here you go

Step-by-step explanation:

1. Equiangular triangle

2. Isosceles triangle

3. Right angle triangle

4. Scalene triangle

5. Obtuse angle triangle

6. Acute angle triangle

7. Equilateral triangle

8. corners

9. angles

10. triangle

Answer:

Step-by-step explanation:

Equiangular triangle

2. Isosceles triangle

3. Right angle triangle

4. Scalene triangle

5. Obtuse angle triangle

6. Acute angle triangle

7. Equilateral triangle

8. corners

9. angles

10. triangle

Factor each expression. 1. 63a − 42b

Answers

Answer:

[tex]63a - 42b \\ \\ = 21(3a - 2b)[/tex]

# be care#


On a timer someone please help!!

Answers

Answer:

B. x^1/8 y^8

Step-by-step explanation:

here are the steps so you understand better

A teacher writes the expression 3 (6m + 3) and asks for students to write equivalent expressions. The table shows the students' responses.
Student
1
2
3
4
Response
9m + 6
18m + 3
18m + 9
21m
Select the best answer from the choices below:
Student 1 is correct because distributing the 3 in the teacher's expression yields Om + 6
Student 2 is correct because distributing the 3 in the teacher's expression yields 18m + 3
Student 3 is correct because distributing the 3 in the teacher's expression yields 18m + 9
Student 4 is correct because distributing the 3 in the teacher's expression, and then adding the two terms together yields 21m

Answers

Student 3 is correct. This is because you can distribute 3. You would do 3x6m, or 18m, and you can do 3x3, or 9. This means that Student 3 is correct. Since m is not defined as an integer, it can’t be any of the other choices.
Student 3 is correct because distributing the 3 in the teacher's expression yields 18m+9. Basically, everything in the parentheses was equally multiplied by 3, and you cankt add a variable and a number without one together, so it is the final and correct answer.

Anna and Sal purchased two tickets at Urban Air Adventure Park for $30.00 each. Both bought a
Gatorade afterwards. Sal used a gift card for $25.00 that he received from his aunt for his birthday.
After using the gift card, their total cost was $40.90.

What is the cost of one Gatorade? ( I mainly need the equation that would be used )

Answers

The cost of one Gatorade is $32.95.

What is the cost of one Gatorade?

The total cost of both gatorade is the sum of the value of the gift card and the total cost.

Total cost of both gatorade = value of the gift card + total cost  

$25 + 40.90 = $65.90

In order to determine the cost of one gatorade, divide $65.90 by 2

The cost of one gatorade = Total cost of both gatorade / 2

$65.90 / 2 = $32.95

To learn more about division, please check: https://brainly.com/question/13281206

Graph 0.04x+0.02y=0.08.

Answers

Answer:

see below

Step-by-step explanation:

let's convert it into slope intercept form first as it will get rid of the decimals. so we must get it to follow the form of y = mx + b.  

so we must isolate the y variable:

- subtract 0.04x from both sides

- now we have 0.02y = 0.08 - 0.04x, and to follow the form this can also be 0.02y = -0.04x + 0.08

- divide both sides by 0.02

- now we have y = -2x + 4, so we know the slope is -2

now lets find the intercepts:

y intercept => set x=0

y = -2(0) + 4

y = 4

so we have (0,4)

x intercept => set y=0

0 = -2x + 4

-4 = -2x

x= 2

now we have (2,0)

graph it:

with two points (the intercepts) and the slope we can find a graph that looks like this

whats the answer for this oneeeeeeb

Answers

Answer:

x ≈ 229.8

Step-by-step explanation:

using the cosine ratio in the right triangle

cos72° = [tex]\frac{adjacent}{hypotenuse}[/tex] = [tex]\frac{LM}{KM}[/tex] = [tex]\frac{71}{x}[/tex] ( multiply both sides by x )

x × cos72° = 71 ( divide both sides by cos72° )

x = [tex]\frac{71}{cos72}[/tex] ≈ 229.8 ( to the nearest tenth )

Jeremiah is factoring 0.64t^24 – 9 by using the rule a^2 – b^2 = (a + b)(a – b).
What will he use for the value of a?

A. 0.8t^12

B. 0.08t^12

C. 0.8

D. 0.64

Answers

Answer:

[tex]0.8\, t^{12}[/tex] (assuming that [tex]a \ge 0[/tex].)

Step-by-step explanation:

The rule [tex]a^{2} - b^{2} = (a + b)\, (a - b)[/tex] describes a way for factoring the difference between two perfect squares [tex]a^{2}[/tex] and [tex]b^{2}[/tex].

Setting [tex]a^{2} = 0.64\, t^{24}[/tex] and [tex]b^{2} = 9[/tex] would ensure that [tex](a^{2} - b^{2})[/tex] match the given expression.

Take the square root of both sides of the equality [tex]a^{2} = 0.64\, t^{24}[/tex]. Make use of the fact that for all [tex]x \ge 0[/tex], [tex]\sqrt{x} = x^{1/2}[/tex].

[tex]\displaystyle \sqrt{a^{2}} = \sqrt{0.64\, t^{24}}[/tex].

[tex]\begin{aligned} a &= \left(\sqrt{0.64}\right)\, \sqrt{t^{24}} \\ &= 0.8\, (t^{24})^{1/2}\\ &= 0.8 \, t^{24 \times (1/2)} \\ &= 0.8\, t^{12}\end{aligned}[/tex].

Please educated people solve my question.. i asked it an hour ago nobody knows it

Answers

AB = AX+XB = 6+18 = 24

The ratio of AB to AX is AB/AX = 24/6 = 4

AC = AY+YC = 10+25 = 35

The ratio of AC to AY is AC/AY = 25/10 = 3.5

The results of each division are 4 and 3.5

We do not get the same result, which means that the proportion [tex]\frac{AB}{AX} = \frac{AC}{AY}[/tex] is not true. This is sufficient to prove that the triangles aren't similar. We need them to be in proportion so that we can use the SAS similarity rule.

Answer: The triangles aren't similar

(Please answer ASAP) A bag contains three red marbles, five green marbles, and two blue marbles.

a. What is the probability of getting a red marble?

b. What is the probability of NOT getting a red marble?

Answers

Answer:

a. 3/10

b. 7/10

Step-by-step explanation:

a. Total number of marbles = 10

Number of red marbles = 3

Probability = Number of outcomes/ Total number of outcomes

= 3/10

b. Total number of marbles = 10

Number of red marbles = 3

Number of marbles excluding the red marbles

= 10 - 3 = 7

Probability = Number of outcomes/ Total number of outcomes

= 7/10

probability

pls help

Answers

Answer:

inbox I think maybe I can help

How to figure out the volume for a 3/4 cylinder
With height of 28

Answers

Multitasking both nunber together and then all of them together
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