Bob has taken out a loan of $15,000 for a term of 48 months (4 years) at an interest rate of 6.5%. Using the amortization table provided, what will be his total finance charge over the course of his loan?

Monthly Payment per $1,000 of Principal
Rate 1 Year 2 Years 3 Years 4 Years 5 Years
6.5% $86.30 $44.55 $30.65 $23.71 $19.57
7.0% $86.53 $44.77 $30.88 $23.95 $19.80
7.5% $86.76 $45.00 $31.11 $24.18 $20.04
8.0% $86.99 $45.23 $31.34 $24.41 $20.28
8.5% $87.22 $45.46 $24.65 $24.65 $20.52
9.0% $87.45 $45.68 $31.80 $24.89 $20.76
A.
$355.65
B.
$975.00
C.
$1,682.40
D.
$2,071.20
E.
$17,071.20

Answers

Answer 1

The total finance charge over the course of his loan is $2071.20.

It is required to find the total finance charge.

What is simple & compound interest?

Simple Interest can be defined as the sum paid back for using the borrowed money, over a fixed period of time. Compound Interest can be defined as when the sum principal amount exceeds the due date for payment along with the rate of interest, for a period of time. Formula. S.I. = (P × T × R) ⁄ 100.

Given that:

Loan= $15,000

The table tells you that Bob's monthly payment on a 4-year loan at 6.5% will be 23.71 per thousand borrowed.

The sum of those 48 payments is ...

=48 × $23.71 =

 =$1138.08

That means, Bob pays $138.08 in total finance charge for each $1000 he borrows. He is borrowing 15 times $1000.

so his total finance charge will be

= 15 × $138.08

= $2071.20

Therefore, the total finance charge over the course of his loan is $2071.20.

Learn more about simple & compound interest here:

https://brainly.com/question/16666364

#SPJ5

Answer 2

Answer:

D.

$2,071.20

Step-by-step explanation:


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Answer: The volume is 480 in^3

Step-by-step explanation:

v= lwh

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Answer:

Volume of the rectangular prism = [tex]480in.^{3}[/tex]

Step-by-step explanation:

Formula for the volume of a rectangular prism= Ah, where A= base area

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Pls mark as brainliest

Find the volume of a pyramid with a square base, where the area of the base is
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Answers

Answer: 29.0

Step-by-step explanation:

The volume of a pyramid is equal to l*w*h/ 3  and we know that the length times the width is the same as the base.

so we will multiply 8.7 * 10= 87 /3=  29

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You need to multiply the area and the height to find the volume. If you have the length, width, and height, then you need to multiply and 3 and divide it by 3. Hope I helped :)

Traci tries to teach her younger sister how to draw a rectangle. Traci tells her." Draw a shape with four straight sides." Traci sister draws the shape shown. The drawing of the shape includes 4 straight sides, but it is not a rectangle. How can Traci make her directions more clear?

Answers

Answer:

Traci could say draw 2 long parellel sides one on top of another. Then draw 2 smaller sides to connect the long sides.

Step-by-step explanation:

HELPP MEE FASTT I HAVE LESS THAN 10 MIN

Farrah borrowed $155 from her brother. She has already paid back $15. She plans to pay back $35 each month until the debt is paid off.

Which describes the number of months it will take to pay off the debt? Select three options.
x + 15 + 35 = 155
35 x + 15 = 155
35 x = 155 minus 15
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It will take 4 months to pay off the debt.

Answers

Answer:

35x + 15 = 155

35x = 155 minus 15

it will take 4 months to pay off the debt.

Hope this helps. Mark brainliest please!

Answer:

35x + 15 = 155

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It will take 4 months to pay off debt

Step-by-step explanation:

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Answers

Answer:

1. C 2. B

Step-by-step explanation:

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2. The actual value of x is 33.2

So I plugged in that value for all of them

The Answer is 1.c 2.b

Evaluate the expression 3 x
{10 +1} +5.

Answers

Answer:

38

Step-by-step explanation:

3 x {10 +1} +5.

PEMDAS

Parentheses first

3 x {11} +5.

Then multiply and divide

33+5

38

Answer:

38

Step-by-step explanation:

3 x {10 +1} +5             Following PEMDAS, solve in the parentheses

3 x 11 + 5                   Multiply 3 x 11

33 + 5                       Add

38

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Answer:

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Step-by-step explanation:

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Answer:

<2

Step-by-step explanation:

Complementary angles add to 90 degrees ( form right angles)

<1 and <2 add to 90 degrees so they are complementary angles

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Answers

Answer:

Carlos bought 80 feet of wire for ​$17.60.

Then the price for 1 feet of wire is 17.6/80 = 0.22

=> 30 feet of wire would cost: 30 x 0.22 = 6.6

Hope this helps!

:)

hi!! <3 i attached a picture of a easy trigonometry question can you please help if you don’t mind <33

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Answer:

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Answer:

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Step-by-step explanation:

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the leg we choose to rotate around will be the height of the cone.

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Answers

Answer:

28cm^2

Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one.  

Please have a look at the attached photo.  

My answer:

Given the information:

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Answers

Answer:

1.89 radians  or 108 degrees.

Step-by-step explanation:

Circumference of the circle = 10 * 3.142

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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17+21+14+17+12+15+16 = 112

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Step-by-step explanation:

is it impossible

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Answer:

Step-by-step explanation:

You need to first find what x equals before you can solve the equation.

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Step-by-step explanation:

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The frame of the given window is made
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2.1 m
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Answer:

3.7096902=area

Step-by-step explanation:

2.1x1.4=2.94m^2

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Answers

Answer:

5.3

Step-by-step explanation:

Answer:

The answer is 5.3

Step-by-step explanation:

5.3x3-2= 13.9 but when you round its 14

A survey in one middle school showed that 3 out of 5 students enjoy biking on the weekends. Predict how many out of the 972 students in the school would say they enjoy biking on the weekends.

Answers

583.2 students will enjoy the day! You have to cross multiply so the 3x972=5xE which then equals 2916=5E which equals the answer

Consider circle Y with radius 3 m and central angle XYZ measuring 70°.

Circle Y is shown. Line segments Y Z and Y X are radii with lengths of 3 meters. Angle Z Y X is 70 degrees.

What is the approximate length of minor arc XZ? Round to the nearest tenth of a meter.

1.8 meters
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15.2 meters
18.8 meters

Answers

Answer:

3.7

Step-by-step explanation:

The lenght of an arc with a radius of 3m and substended angle of 70 degrees is 3.7meters

How to calculate the length of an arc

The length of an arc is expressed as:

L = r theta

Given the following parameters

r = 3m

theta = 70 degrees = 70π/180

L = 3(70π/180)

L = 3.7 metres

Hence the lenght of an arc is 3.7meters

Learn more on length of an arc here: https://brainly.com/question/2005046

Sorin hits a cricket ball straight up into the air. After 1.5s, the ball is falling straight down with a speed of 6.5 m/s. We want to find the initial vertical velocity of the ball. We can ignore air resistance. Which kinematic formula would be most useful to solve for the target unknown?

Answers

Step-by-step explanation:

We have, Sorin hits a cricket ball straight up into the air. After 1.5 s, the ball is falling straight down with a speed of 6.5 m/s.

We want to find the initial vertical velocity of the ball.

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[tex]v=v_o +at[/tex]

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Select the expressions that are equivalent to 6(x + 7).
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Answers

Answer:

[tex]6x + 42[/tex]

Step-by-step explanation:

Apply the distributive property:

[tex]6x + 6 \times 7[/tex]

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