Consider a credit card with a balance of $7000 and an APR of 16.5 %. If you want to make monthly payments in order to pay off the balance in 1 year, what is the total amount you will pay? Round your answer to the nearest cent, if necessary.​

Answers

Answer 1

9514 1404 393

Answer:

  $7641.24

Step-by-step explanation:

The amortization formula tells the payment amount.

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

where principal P is paid off in t years with n payments per year at interest rat r.

Using the given values, we find ...

  A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)

  A = $636.77

The total of 12 such payments is ...

  $636.77 × 12 = $7641.24

You will pay a total of about $7641.24.

_____

Additional comment

Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.


Related Questions

Country Financial, a financial services company, uses surveys of adults age 18 and older to determine whether personal financial fitness is changing over time. A recent sample of 1000 adults showed 410 indicating that their financial security was more than fair. Just a year prior, a sample of 900 adults showed 315 indicating that their financial security was more than fair. Conduct the hypothesis test and compute the p-value. Round your answer to four decimal places. What is the 95% confidence interval estimate of the difference between the two population proportions? Round your answers to four decimal places.

Answers

Answer:

hey, how you're day going

Step-by-step explanation:

.................

What is 3 times 10^9

Answers

Answer:

3 times 10 ^ 9

Step-by-step explanation:

3 × 10 ^ 9 = 3000000000

What is the five-number summary for this data set? 22, 29, 33, 38, 44, 47, 51, 56, 64, 69 Assume the numbers in each answer choice are listed in this order: min, Q1, median, Q3, max.
A. 22, 33, 45.5, 56, 69
B. 22, 38, 45.5, 51, 69
C. 22, 38, 41, 51, 69
D. 22, 33, 41, 56, 69​

Answers

Answer: A: 22, 33, 45.5, 56, 59

Step-by-step explanation:

The minimum is the lowest number in the data, in this case, it was 22.

Q1 is the median of the lower quartile range, anything below the median of the overall data.

Median, the middle number in the overall data. You first need to put them from lowest to highest (numerical order). After that, I find it a lot easier to cross one from each side until I'm either left with one or two. If I'm left with one, then that is my median for the overall data set. If I'm left with two, then I simply need to add both the numbers together and divide it by 2. Typically if it is a whole number, and the numbers are 1 number value away from each other, it is usually just 0.5 more of the lower value of the two. (For example, the two numbers I come down to is 10 and 11. The median would be 10.5).

Q3 is the exact same principle as Q1 just on the upper quartile range. Just repeat what you did in Q1 but for the numbers above the overall median of the data set.

Maximum is the highest number in the data set, in this case, it was 69.

Hope this helps!

Sets L and M are defined as follows.
L={-1,1,4,5,7,8)
M={1,2,7)
Answer each part below. Write your answer in roster form or as Ø.
(a) Find the union of L and M.

(b) Find the intersection of L and M

Answers

Answer:

the union of l and m is minus 1,1,2,4,5,7,8.....and the intersection of l and m is 1.......

help me now where are you all helppppp​

Answers

A fraction means division.

To find the decimal equivalent of a fraction, divide the top number by the bottom number.

Simplify your answer as much as possible.

Answers

Answer:

x = -4

Step-by-step explanation:

2 = 3x + 22/5

Numerator = denominator x quotient

Numerator = 5 x 2

Numerator = 10

3x + 22 = 10

Subtract 22 from both sides

3x = -12

x = -12/3

x = -4
•••••••••••••••••••••••••••
Hope this helps!

Bye love you.

- doomdabomb

In a scatter plot, each ____. Group of answer choices individual is represented by a single point group mean is represented by a single point individual is represented by two data points group mean is represented by two data points

Answers

Answer:

Individual is represented by a single point

Step-by-step explanation:

Scores on a national English test are Normally distributed, with a mean score of 510 and a standard deviation of 75. Sixty-eight percent of English tests were less than which score, rounded to the nearest whole number?


A) 475

B) 529

C) 545

D) 561

Answers

Answer:

Should be (C). Can't verify.

545

ED2021

The length AB of a rectangle ABCD is 8cm and its diagonal BD and measures 10 cm Find its breadth BC

Answers

Hope this helps have a nice day
The answer is 6 and here’s the work also can I get brainliest please

Find the measure of the missing angles.

Answers

Answer:

Step-by-step explanation:

e = 61°, f = 119°, and d = 90°

We know that vertically opposite angles are equal.

So, e = 61° [Vertically opposite angles]

We know that linear pair of angles are supplementary (180°).

So, f + 61° = 180° [Linear pair of angles]

=> f = 180° - 61°

=> f = 119°

and d + 90° = 180° [Linear pair of angles]

=> d = 180° - 90°

=> d = 90°

Is the relationship shown by the data linear? If so, model the data with an equation.

Answers

Answer:

The relation is linear

Step-by-step explanation:

Answer:

Yes, the relationship shown is linear. The equation of the line is y=-1.25x-13.25.

Step-by-step explanation:

This data is linear as y decreases at a constant rate. The equation of a line is y=mx+b, where m=slope and b=y intercept

To find m:

m=[tex]\frac{y2-y1}{x2-x1}[/tex]

m=[tex]\frac{(-2)-(-7)}{(-9)-(-5)}[/tex]

m=[tex]\frac{5}{-4}[/tex]

m=[tex]-\frac{5}{4}[/tex]=-1.25

To find b, you can use any of the given points:

(-9,-2)

(-2)=-1.25(-9)+b

-2=11.25+b

-2-11.25=b

b=-13.25

Therefore, using the calculated values for m and b:

y=mx+b

y=-1.25x-13.25

If £15=$20 and $5=390 find the number of pounds that can be exchanged

200​

Answers

Mark as braianlist

15 multiple by 5 equal 75 -390 equal 315 -15equal 200

How many permutations of letter of the word APPLE are there?​

Answers

Answer:

There are 60 permutations.

Step-by-step explanation:

Arrangements formula:

The number of possible arrangements of n elements is given by:

[tex]A_n = n![/tex]

With repetition:

For each element that repeats, with [tex]n_1, n_2, ..., n_n[/tex] times, the formula is:

[tex]A_n^{n_1,n_2,...,n_n} = \frac{n!}{n_1!n_2!...n_n}[/tex]

In this question:

Apple has 5 letters.

P appears two times. So

[tex]A _5^{2} = \frac{5!}{2!} = 60[/tex]

There are 60 permutations.

Convert 2 1/3 into improper fraction: *
7/3
O 7/6
O 6/3
O 3/6

Answers

Answer:

7/3 is the answer

Step-by-step explanation:

(4x - 3) × (x + 2)=0

Answers

Hi,

AxB = 0 means A=0. or B=0

so 2 solutions :

4x-3= 0

4x=3

x = 3/4

and x+2 = 0.

x= -2

solutions are : -2 +and 3/4

2 answers

1) -2

2) -3/4

A bag contains 3 red, 5 blue, and 4 white marbles. If a marble is drawn from the bag, not replaced, and another is drawn, what is the probability of selecting a white and then blue marble?

Answers

Answer:

5/33

Step-by-step explanation:

The probability of selecting a white marble is 4/12 = 1/3(because we have 4 white marbles and 12 marbles in total )

The probability of selecting a blue marble is 5/11 (because we have 5 blue marbles and 11 marbles left(1 has been drawn already) )

Probability of selecting a white and then blue marble equals 1/3*5/11 = 5/33

Find the area bounded by the curves x = 2y2 and x = 1 - y. Your work must include an integral in one variable.

Please help!!

Answers

Answer:

Hello,

in order to simplify, i have taken the inverses functions

Step-by-step explanation:

[tex]\int\limits^\frac{1}{2} _{-1} {(-2x^2-x+1)} \, dx \\\\=[\frac{-2x^3}{3} -\frac{x^2}{2} +x]^\frac{1}{2} _{-1}\\\\\\=\dfrac{-2-3+12}{24} -\dfrac{-5}{6} \\\\\boxed{=\dfrac{9}{8} =1.25}\\[/tex]

Ahmed bought a TV for his room in 2016 for AED 1,500. he decided to sell it in 2020 for AED 900. what is the rate of depreciation when he bought the TV and when he sold it

Answers

Answer:

40% depreciation over the 4 years

10% depreciation per year

Step-by-step explanation:

The number of years between buying and selling is:

2020 - 2016 = 4

4 years

The amount of depreciation in the 4 years is:

AED 1,500 - AED 900 = AED 600

The percent depreciation for the 4 years is:

(1500 - 900)/1500 * 100% = 40%

The percent depreciation per year is:

40%/4 = 10%

If car eyelashes sold for $13.99. If you bud double that, how much would you have paid for them? (Hint if needed: if they had been exactly $14, how different would your answer be?)

Answers

Answer:

13.99 x 2 = 27.98 dollars

now if they were 14 dollars exactly and you doubled that it would be 28 dollars so the difference would be 0.02 cents

Step-by-step explanation:

The ratio of the volumes of two similar solid polyhedra is equal to the square root of the ratio between their edges. True or False? HELP QUICK PLSSSSS

Answers

Answer:

FALSE.The ratio of the volumes of two similar solid polyhedra is equal to the square of the ratio between their edges. This statement is false. A polyhedron is a shape that has no gaps between their edges or vertices.

Answer:

it's false

~~~~~~~~~~~

find the value of z, angles related to a circle

Answers

Answer: z = 110

Explanation:

z + 70 = 180 (supplementary angle)
z = 180 - 70
z = 110

Solve for x

X-8 = -10

A) X = 2
B) X = -2
C) X = 18
D) X = -18

Answers

Answer:

x=–2

Step-by-step explanation:

x-8=-10

x=-10-8

x=–2

Answer:

-8= -10

, = -10+8

, = -2

what vulnerable does the 4 represents in the number 487.009

Answers

Answer:

400 :D

Step-by-step explanation:

The lengths of two sides of the right triangle ABC shown in the illustration given

a= 7cm and b= 24cm

Answers

Answer:

25 cm.

Step-by-step explaination:

Given,

Two sides of a triangle:

a = 7cm

b = 24 cm

To find,

Third side:

c = ?

By Pythagorean Theorem;

a² + b² = c²

[where c is the longest side,hypotenuse]

Putting the value of a and b;

we get,

7² + 24² = c²

49 + 576 = c²

625 = c²

25² = c² (square root)

25 = c

c = 25

Therefore, the length of the third side will be equal to 25 cm.

Question:-

The lengths of two sides of the right triangle ABC shown in the illustration given

a= 7cm and b= 24cm

Given,

> a= 7cm

> b= 24cm

To find?

Side c (third side)

Solution:-

Using Pythagoras theorem,

▶️ a² + b² = c

▶️ 7cm ² + 24cm² = c²

▶️ 49cm + 576cm = c²

▶️ 625cm = c²

▶️ 25² = c² (25×25 = 625)

▶️ c = 25

The value of c is 25 cm.

16: The temperature yesterday at noon was 68.5 degrees. Today at noon
it was 59.9 degrees. What was the difference in temperature?
O A. 8.4 degrees
OB. 8.5 degrees
C. 8.6 degrees
O D. 8.7 degrees

Answers

Answer:

C

Step-by-step explanation:

It is 8.6 because we are finding the difference and using subtraction.  

So I did 68.8-59.9 and I got 8.6

Decompose -6x/(x+2)(x+8) into partial fractions.

Answers

The partial fraction expansion takes the form

-6x/((x + 2) (x + 8)) = a/(x + 2) + b/(x + 8)

Both factors in the denominator are linear, so the numerators in the corresponding partial fractions have degree 1 - 1 = 0 and are thus constants.

Combine the fractions on the right side into one with a common denominator, then set the numerators on both sides of the equation equal to each other:

-6x = a (x + 8) + b (x + 2)

Expand the right side and collect terms by powers of x :

-6x = (a + b) x + (8a + 2b)

It follows that

a + b = -6   and   8a + 2b = 0

==>   a = -2   and   b = 8

So we end up with

-6x/((x + 2) (x + 8)) = -2/(x + 2) + 8/(x + 8)

X/6 - y/3 = 1
please explain in detail!

Answers

Answer:

x=12,y=3

Step-by-step explanation:

x/6-y/3=1

x can equal 12 because 12/6 is equal to 2.

y can equal 3 because 3/3 equals 1

2-1=1

helppp outt plss....​

Answers

Answers:  x = 30 and y = 150

============================================================

Explanation:

For any cyclic quadrilateral (aka inscribed quadrilateral), the opposite angles are always supplementary.

One pair of such angles is A and C

A+C = 180

x+y = 180 is one equation to form

The other pair of supplementary angles is B and D

B+D = 180

y-45+2x+15 = 180

2x+y-30 = 180

2x+y = 180+30

2x+y = 210 is the other equation to form

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

So the system of equations we have is

[tex]\begin{cases}x+y = 180\\2x+y = 210\end{cases}[/tex]

Both equations involve 'y', with the same coefficient, so we can subtract straight down to eliminate this variable.

The x terms subtract to x-2x = -xThe y terms subtract to y-y = 0y = 0, so the y terms go awayThe right hand sides subtract to 180-210 = -30

We end up with -x = -30 which solves to x = 30

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

Once we know x, we can determine y by plugging it into any equation involving x,y and solving for y

Let's say we picked on the first equation

x+y = 180

30+y = 180

y = 180-30

y = 150

Or we could pick on the second equation

2x+y = 210

2(30) + y = 210

60+y = 210

y = 210-60

y = 150

Only one equation is needed. However, doing both like this shows that we get the same y value, and it helps confirm the answers.

Solve each system by graphing.

Answers

Answer:

it is 2 te he

Step-by-step explanation:

ONCE THE 5 6 = 7 10 .. ?% =1 x 7 =2 te he

A company produces 2 types of computers; desktops and laptops

Answers

Answer:

?

Step-by-step explanation:

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