Suppose you want to get a loan for $ 5 , 000 at an interest rate of 5.3 % for 2 years to be paid back in 24 monthly installments. Calculate this loan using simple interest. What is the amount of the monthly payments? Round the answer to the nearest cent (hundredth).

Answers

Answer 1

Answer:

monthly payment =  $56.445

Step-by-step explanation:

given data

loan = $5000

interest rate r = 5.3 % = 0.053

time  t = 2 year = 24 months

solution

we will use here amount of the monthly payments formula that is

monthly payment = principal × [tex]\frac{r}{1+(1-r)^{-t}}[/tex]      ................1

put here value and we get

monthly payment = 5000 × [tex]\frac{0.053}{1+(1-0.053)^{-24}}\\[/tex]

monthly payment =  $56.445

Answer 2

Answer:

Step-by-step explanation:


Related Questions

i need help btw i am in middle school

Answers

Answer:

x≤16

Step-by-step explanation:

Answer:

x=16

Step-by-step explanation:

2x-4<28

add 4

2x=<32

divide by 2

32 is greater than or equal to 16

What time is shown on this clock

Answers

Answer: around i believe 10:35

Step-by-step explanation:

Answer:

its 10:20

Step-by-step explanation:

I need help again with this last problem.

Answers

❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

[tex] |12| + | - 15| = [/tex]

[tex]12 - ( - 15) = [/tex]

[tex]12 + 15 = [/tex]

[tex]27[/tex]

Thus the correct answer is the last option .

❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

Answer:

[tex] \boxed {27}[/tex]

Step-by-step explanation:

All negative numbers in the absolute sign will become positive.

[tex] |a| = a \: \: \: \: \: \: \: (a \geqslant 0) \\ |a| = - a \: \: \: \: \: \: (a < 0)[/tex]

Therefore we evaluate | - 15 | = 15

[tex]12 + 15 = \red {27}[/tex]

When Joseph’s first starts working at a grocery store, his hourly rate is $10. For each year he works at the grocery store, his hourly rate increases by $0.50.

Answers

Answer:

R(t) = 10 + 0.50t

Step-by-step explanation:

G G 2x+4y=12
Please explain it to me ​

Answers

Answer:

2×4=8 + 4 = 12 y stands firm you do the y part 2 times

pls help me i don't get it and nobody answered

Answers

Answer: 1,200

Step-by-step explanation:

lets split it like this first

now lets start with the first one 15*20=300

now the second one 45*10=450

now the third one 35*10=350

now the last one 10*10 i think i caint see the one number=100

now add all them together= 1,200

hope this helped

I need help with this please!!!!! Can someone explain how to solve this step by step please!!!!! It’s due very soon so I need to finish it!!

Answers

Answer:

Is this a test

Step-by-step explanation:

Question If Jim has 60 spoons and Jim has a friend named Jim that has 157 and has another friend named Jim with 537 spoons and pooled all their spoons together and Jim 1 took the spoons to a blacksmith to make small spoons by breaking the spoons to thirds and 27 spoons broke, Jim 1 had the blacksmith make a normal spoon from the remains which makes 3 normal spoons how many spoons do all the Jims have together and how many spoons do each Jim have individvally? I just thought of this on the spot so i dont know the answer anywho I need an answer cause i wanted to ask this to my friends and say the answer to seem smart lol

Answers

Step-by-step explanation:

Jim 1= 60 spoons

Jim 2= 157 spoons

Jim 3= 537 spoons

after Jim 1 took the spoons to the blacksmith he broke 27 spoons which means

Jim 1= 60-27 which leaves him with 33 spoons.

and now

Jim 1= 33 spoons

Jim 2= 157 spoons

Jim 3= 537 spoons

3 normal spoons outta 33 spoons which means he used 11 spoons per each spoon

and now

Jim 1= 3 spoons

Jim 2= 157 spoons

Jim 3= 537 spoons

so finally, all the Jims have 697 spoons in total.

a bit tuff...lol

have a great day mr/mrs. Jim creator :)

Pls answer this question soon (question attached)

Answers

Step-by-step explanation:

1) r+28=180( being linear pair angle)

r=180-28

r=152

2) a= 110( being vertically opposite angle)

What is the solution of x-7= ir+14,
O A.
I=-6
B.
=6
OC.
I=8
OD.
r =12

Answers

Answer:

x=12

Step-by-step explanation:

put the x at one side and the numbers ar the other

5/2x-3/4x=14+7

10/4x-3/4x=21

7/4x=21

7x=84

x=12

HELPHELPHELPHELPHELPHELPPPPP​

Answers

Answer:

pretty sure its -2,3 :)

Step-by-step explanation:

Answer:

(-2,3)

Step-by-step explanation:

Coordinates of Points

A point is the basic relationship displayed on a graph. Each point is defined by a pair of numbers containing two coordinates.

A coordinate is one of a set of numbers used to identify the location of a point on a graph.

Identifying the x-coordinate

The x-coordinate of a point is the value that tells you how far from the origin the point is on the horizontal, or x-axis. To find the x-coordinate of a point on a graph:

- Draw a straight line from the point directly to the x-axis.

- The number where the line hits the x-axis is the value of the x-coordinate.

Identifying the y-coordinate

Now that you know how to find the x-coordinate of a point, you have to be able to find the y-coordinate.

The y-coordinate of a point is the value that tells you how far from the origin the point is on the vertical, or y-axis. To find the y-coordinate of a point on a graph:

- Draw a straight line from the point directly to the y-axis.

- The number where the line hits the axis is the value of the y-coordinate.

Notation for Identifying Points

Once you have the coordinates of a point you can use the ordered pair notation for labeling points. The notation is simple. Points are identified by stating their coordinates in the form of (x, y). Note that the x-coordinate always comes first.

Find the slope of the line that passes through (4, 1) and (10, 6).

Answers

Answer:

5/6

Step-by-step explanation:

The equation for slope is

(difference in y) / (difference in x)

So:

6-1/10-4

5/6

So the slope is 5/6

13
y у
3
Х
4
What is y?

Answers

Y is 13 and X is 4 hope this helped

Marlena bought 1 2/3 pounds of French Roast coffee and 3 1/8 pounds of Columbian coffee and paid $31.25. Rowen bought 2 5/12 cups of French Roast coffee and 9/16 pounds of Columbian coffee and paid $15.15. Find the cost per pound of each type of coffee.

Answers

Answer:

$4.50 for French Roast

$7.60 for Columbian

Step-by-step explanation:

tried substitution and elimination method but got different answers to I graphed these equations and found the point of intersection

5/3x + 25/8y = 31.25

29/12x + 9/16y = 15.15

point of intersection (4.5, 7.6)

Answer:

Step-by-step explanation:

Thus Markus buy 3.19 pounds of coffee altogether.

BRAINLIEST! URGENT! Please help if you can, also can you please explain how you got that answer, I WILL GIVE BRAINLIEST!​

Answers

Answer:

[tex]\mathrm{A)\:}-4[/tex]

Step-by-step explanation:

Start off by solving for [tex]x[/tex]:

[tex]6x-4-4=9x-6,\\6x-8=9x-6,\\-3x=2,\\x=-\frac{2}{3}[/tex]

Now plug in [tex]x=-\frac{2}{3}[/tex] in [tex]3x-2[/tex]:

[tex]3(-\frac{2}{3})-2=-2-2=\fbox{$\mathrm{A)\:}-4$}[/tex].

Answer:

A -4

Step-by-step explanation:

I've done this before.

Simplify -4(2c+3) pleaseeeee

Answers

Answer:

-8c -12 =0

-8c = 12

c = - 12/8 = -3/2

Kevin has $560 to spend at a bicycle store for some new gear and biking outfits.
Assume all prices listed include tax.
• He buys a new bicycle for $294.40.
• He buys 4 bicycle reflectors for $12.11 each and a pair of bike gloves for $26.11.
He plans to spend some or all of the money he has left to buy new biking outfits
for $56.88 each.
What is the greatest number of outfits Kevin can buy with the money that's left over?

Answers

Answer:

134.17

Step-by-step explanation:

Answer:

134.17

Step-by-step explanation:

the simplest terms 4x-5(x+3)​

Answers

Answer:

Step-by-step explanation:

Have A Wonderful Day!!

Answer: Simplify -x-15

Step-by-step explanation: dbhgiucerherfu

Remember to not round.

Answers

Answer:

Plsss question is not clear!!!!!

Answer:

1.65 km or 33/20 km per minute, 16.5 km or 33/2 km ( for the second question)

Step-by-step explanation:

There's 60 minutes in an hour, so just divide 99 by 60, then you'll get either 1.65 or 99/60 which is simplified to 33/20. And for the second question, multiply the answer from the first question by 10.

what is 11^0 x 5x - 789

X=6

Answers

I think is -4729x I use symbolab

Answer:

-759

Step-by-step explanation:

Any number powered by 0 equals to 1, so the equation then becomes 1 × 5x - 789, but then x is 6, so it's 30 - 789, which is -759.

The graph shows Victor's math scores versus the number of hours he studies: A graph titled Victors Math Scores shows Hours of Practice in a Week on x axis and Math Scores on y axis. The x axis scale is shown from 0 to 5 at increments of 1, and the y axis scale is shown from 0 to 50 at increments of 5.The ordered pairs 0, 5 and 0.5, 10 and 1, 16 and 1.5, 20 and 2, 27 and 2.5, 28 and 3, 35 and 3.5, 34 and 4, 44 and 4.5, 44 and 5, 48 are shown on the graph. A straight line joins the ordered pairs 0, 5 and 5, 50. What will Victor's math scores most likely be if he spends 7 hours a week studying math? 58 points 62 points 68 points 72 points

Answers

Answer:

68

Step-by-step explanation:

Because it's going up 15 every 2 hours so it would go from 50 to about 65 so 68.

(10 points) help!!! Pls

Answers

Answer:

There's 3 answers: the third, fourth, and the sixth one. 1  2  3

                                                                                           4  5  6

Step-by-step explanation:

The expression in the question gets simplified to p-6, and so does the third one, fourth one is just itself, and the sixth one also simplifies to p-6.

14 points help me please

Answers

Answer:

B. 0.8 meters

Step-by-step explanation:

Divide 2.4 by 3 and you will get 0.8

[tex]4.2 = \frac{c}{8}[/tex]

Answers

Answer:

Step-by-step explanation:

Multiply both sides by 8

4.2 * 8 = 8* c/8       The eights cancel on the right.

c = 33.6

Angel just accepted a job at a new company where he will make an annual salary of $58000. Angel was told that for each year he stays with the company, he will be given a salary raise of $1500. How much would Angel make as a salary after 10 years working for the company? What would be his salary after tt years?

Answers

73,000$ annual salary after 10 years.

Answer:

Salary after 10 years: 73000

Salary after t years: 1500t+58000

Step-by-step explanation:

Create an equivalent system of equations using the sum of the system and the first equation. −5x + 4y = 8 4x + y = 2

Answers

Answer:

−5x + 4y = 8

−x + 5y = 10

Step-by-step explanation:

Which one!?!?
Help please

Answers

Answer:

Option 1

hope this helped :D

A librarian put 42 books back on the shelves before lunch. Of the books, 14 were non-fiction. What is the ratio of the number of non-fiction books to the total number of books the librarian put away before lunch?

Answers

Answer:

Non fiction : Total number of books

= 14 : 42

= 1:3

Step-by-step explanation:

Total number of books = 42 books

Non fiction books = 14 books

The ratio of the number of non-fiction books to the total number of books is :

Non fiction : Total number of books

= 14 : 42

Further simplified

= 1:3

Bob and Marquis went on a trip. The first day, they drove 465 miles in 8 hours. What is their average speed for the first day of their trip?

Answers

Speed= distance/ time = 465 m/ 8hrs = 58.125 mi/he

How do the terms light, radiation, and waves relate to one another?

Answers

Visible light is a form of radiation, which can be defined as an energy that travels in the form of electromagnetic waves.
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