Consider a student loan of $20,000 at a fixed fixed APR of 9% for 15 years. A. Claculate the monthly payment. B. Determine The total amount paid over the term of the loan. C. Of the total amount paid what percentage is paid toward the principal and what percentage is paid for interest.

Answers

Answer 1

Answer:

A. The monthly payment is $202.85.

B. The total amount paid over the term of the loan is $36,513.60.

C. The percentage paid toward the principal is 54.77%, while the percentage paid for interest is 45.23%.

Step-by-step explanation:

A. Calculate the monthly payment.

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or principal or student loan = $20,000

P = Monthly payment = ?

r = Monthly rate = APR /12 = 9% / 12 = 0.09 / 12 = 0.0075

n = number of months = 15 * 12 = 180

Substituting the values into equation (1) and solve for P, we have:

$20,000 = P * ((1 - (1 / (1 + 0.0075))^180) / 0.0075)

$20,000 = P * 98.5934088350577

P = $20,000 / 98.5934088350577 = $202.85

Therefore, the monthly payment is $202.85.

B. Determine the total amount paid over the term of the loan.

Total amount paid = Monthly payment * Number of months = $202.85 * 180 = $36,513.60

Therefore, the total amount paid over the term of the loan is $36,513.60.

C. Of the total amount paid what percentage is paid toward the principal and what percentage is paid for interest.

Percentage paid toward the principal = Principal / Total amount paid = $20,000 / $36,513.60 = 0.5477, or 54.77%

Percentage paid for interest = 100% - Percentage paid toward the principal = 100% - 54.77% = 45.23%

Therefore, the percentage paid toward the principal is 54.77%, while the percentage paid for interest is 45.23%.


Related Questions

A boy spends 3/8 of his journey in playing games on his mobile.Then 4/5 of the remaining time talking to his sister.If he has 5 min to complete his journey,what is the total time of the journey

Answers

Answer:

40 mins

Step-by-step explanation:

time spent talking to his sister = (1 - 3/8) x 4/5 =

5/8 x 4/5 = 1/2

total fraction of time spent playing games and talking to his sister :

[tex]\frac{3}{8} + \frac{1}{2}[/tex]

[tex]\frac{ 3 + 4}{8}[/tex] = [tex]\frac{7}{8}[/tex]

fraction of time remaining to complete the journey = 1 - 7/8 = 1/8

let t = total journey time

1/8 x t = 5

multiply both sides of the equation by 8

t = 5 x 8 = 40 minutes

What is the height of the pyramid ???

Answers:
A: 7cm
B: 5cm
C: 14 cm
D: 10 cm

Answers

Given:

[tex]m\angle ACD=45^\circ[/tex]

Point B is the center of the base.

Each side of the base = 10 cm

To find:

The height of the pyramid.

Solution:

It is given that the measure of each side of the base is 10 cm. It means the base is square. The length of the diagonal of a square is:

[tex]d=a\sqrt{2}[/tex]

Where, a is the side length of the square.

Putting [tex]a=10[/tex] in the above formula, we get

[tex]d=10\sqrt{2}[/tex]

It is given that point B is the center of the base. It means point B bisect each diagonal of a base. So,

[tex]BC=\dfrac{d}{2}[/tex]

[tex]BC=\dfrac{10\sqrt{2}}{2}[/tex]

[tex]BC=5\sqrt{2}[/tex]

In a right angle triangle,

[tex]\tan \theta=\dfrac{Perpendicular}{Base}[/tex]

In triangle ABC,

[tex]\tan (45^\circ)=\dfrac{AB}{BC}[/tex]

[tex]1=\dfrac{h}{5\sqrt{2}}[/tex]

[tex]5\sqrt{2}=h[/tex]

[tex]7.0710678=h[/tex]

Round the value to the nearest integer.

[tex]h\approx 7[/tex]

The height of the pyramid is about 7 cm. Therefore, the correct option is A.

Solve for xx. Round to the nearest tenth of a degree, if necessary.

Answers

Answer:

50.8

Step-by-step explanation:

sin x = 6.2/8

sin x = 0.775

x = 50. 8

Bye , have a nice day ! :-)

Applying the sine ratio, sin ∅ = opposite/hypotenuse, the value of x, to the nearest tenth of a degree, is: 50.8°.

Hpw to Use the Sine Ratio?

When solving a right triangle involving the opposite side and hypotenuse, the sine ratio can be used which is, sin ∅ = opposite/hypotenuse.

Apply the sine ratio to find x

sin x = opp/hyp = 6.2/8

x = sin^(-1)(6.2/8)

x = 50.8°

Learn more about the sine ratio on:

https://brainly.com/question/2920412

#SPJ2

Determine the value of x in the diagram,
108°
72
1080

Answers

Im pretty sure the answer is 72

Answer:

72

Step-by-step explanation:

parallel sides= same angle.

also alternate angles theorem shows that if angles that alternate are the same. 72,108,72,108

If the weight of 12 sheets of thick paper is 40 grams, how many sheets of the same paper would weigh 2500 grams

Answers

Answer:

750 is the answer..

Step-by-step explanation:

(12/40)*2500

select the right answer

Answers

Answer:

Blurry po

Step-by-step explanation:

Pwede kunan nyu ulit

Two complementary angles have measures 4x and x + 50. Find x.

Answers

Answer:

x =17

Step-by-step explanation:

Complementary angles add to 90

4x+ x+5 = 90

Combine like terms

5x+5 = 90

Subtract 5 from each side

5x+5-5 = 90-5

5x = 85

Divide by 5

5x/5 = 85/5

x =17

A bag has 3 red marbles and 12 blue marbles. Half of the blue marbles are made of plastic. A marble is selected at random from the bag. What is the probability that it is a blue, plastic marble?

Answers

Answer: 2/5

Step-by-step explanation:

There are 15 total marbles in the bag. 12 are blue, with only 6 made from plastic. 6/15 reduced is 2/5

Which is the most convenient placement of an isosceles triangle in the coordinate plane for finding the side lengths?

Answers

Answer:

The bottom left

Step-by-step explanation:

Answer my question please!! i will give brainlest!

Answers

Answer:

hello u so cool i admire you <3

Answer :

The test has 8 questions that are worth 5 points and 30 questions that are worth 2 points.

$690 is invested in an account earning 7% interest (APR),
compounded quarterly. Write a function showing the value of the
account after t years, where the annual growth rate can be found from
a constant in the function. Round all coefficients in the function to four
decimal places. Also, determine the percentage of growth per year
(APY), to the nearest hundredth of a percent.

Answers

Answer:

a

567 is the answer because of the 7percent

Which of the following is equivalent to (2x^3)(7x^4)?

Answers

Answer:

A: (2 times 7)x^3 plus 4

Step-by-step explanation:

2 times 7 is 14 so 14 in the parentheses and then add 3 plus 4 equals 7.

14x^7.

can someone please help me with this i dont have much time left

Answers

Answer:

Step-by-step explanation:

sin A = opposite/hypotenuse

=5/13

cos A =adjacent/hypotenuse

=12/13

tan A =opposite/adjacent

=5/12

cosec A = hypotenuse/opposite

=13/5

sec A = hypotenuse/adjacent

=12/5

cot A = adjacent/opposite

=12/5

A line has a slope of -4/5. Which ordered pairs could be points on a line that is perpendicular to this line?

Answers

Answer:

(5,4) & (8,-10)

Step-by-step explanation:

First step:

[tex]y=mx+b[/tex]

You can use any number you want for b (I used 4)

[tex]y=-\frac{4}{5} x+4[/tex]

Make x=0

[tex]y=-\frac{4}{5} (0)+4[/tex]

[tex]y=4[/tex]

Make y=0

[tex]0=-\frac{4}{5} x+4[/tex]

Subtract 4 from both sides

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

Divide both sides by [tex]-\frac{4}{5}[/tex]

[tex]x=5[/tex]

Second step:

In order to make a line perpendicular to another the slope of the second line will be the negative inverse of the first line. So  [tex]m=-\frac{4}{5}[/tex] will be [tex]m=\frac{5}{4}[/tex] for the second line.

Then you just need to repeat the process in first step to get the intercepts. (Again I used a random number like -10 for b)

make x the subject of n = jx + h

I'M SORRY GUYS I RLLY HATE MATHS​

Answers

Answer:

x = (n-h)/j

Step-by-step explanation:

n = jx + h

Subtract h from each side

n-h = jx+h-h

n-h = jx

Divide by j

(n-h)/j = jx/j

(n-h)/j = x

Answer:

x = [tex]\frac{n-h}{j}[/tex]

Step-by-step explanation:

Given

n = jx + h ( subtract h from both sides )

n - h = jx ( isolate x by dividing both sides by j )

[tex]\frac{n-h}{j}[/tex] = x

NEED HELP ASAP AS SOON AS POSSIBLE, WILL GIVE 69 POINTS
A city park commission received a donation of playground equipment from a parents' organization. The area of the playground needs to be 256 square yards for the children to use it safely. The playground will be rectangular.

The city will also put a fence around the playground. The perimeter, P, of the fence includes the gates. To save money, the city wants the least perimeter of fencing for the area of 256 square yards.

Jovana was trying to find a formula for that perimeter with one side 8 yards longer than the other side using the area. In which step did she make a mistake?

Step 1:
Step 2:
Step 3:
Step 4:
Step 5:
Step 6:
Step 7:
Explain her mistake. What is the correct formula?

Answers

Mark Brainliest please

Answer:



Explanation

Jovana needs to solve the equation x(x+8) = 256 for x

To do so, first distribute and get everything to one side

x*(x+8) = 256
x*x+x*8 = 256
x^2+8x = 256
x^2+8x-256 = 0

Now use the quadratic formula (a = 1, b = 8, c = -256)

x=−b±b2−4ac/√2a

x=−(8)±82−4(1)(−256)/√2(1)

x=−8±1088/√2

x≈−8±32.98485/2

x≈−8+32.98485/2 or x≈−8−32.98485/2

x≈24.98485/2 or x≈−40.98483/2

x≈12.49242 or x≈−20.49242

Another approach is to graph x^2+8x-256 and locate the roots as shown below
wwwdotdesmosdotcom/calculator/0miqroxamw
which leads to the same approximate solutions

Ignore the negative solution because a negative length or width makes no sense.

So the only practical x value is roughly 12.49242

If x = 12.49242, then
x+8 = 12.49242+8 = 20.49242

Therefore
Width = W = 12.49242
Length = L = 20.49242
which are approximate

The perimeter is approximately
P = 2*(L+W)
P = 2*(20.49242+12.49242)
P = 65.96968

Side Note:
A = L*W = 20.49242*12.49242 = 255.9999174564
which is fairly close to 256

What is the inverse fraction of f(x)=x/x-2

Answers

Answer:

[tex]inverse \ of \ f(x) : \frac{2x}{x-1}[/tex]

Step-by-step explanation:

[tex]y = \frac{x}{x-2}\\\\swap\ x\ and \ y\\\\x = \frac{y}{y-2}\\\\x(y -2) = y\\\\xy - 2x = y\\\\xy - y = 2x\\\\y(x-1)= 2x\\\\y = \frac{2x}{(x-1)}[/tex]

Step-by-step explanation:

Given two one-to-one functions f(x)f(x) and g(x)g(x) if

(f∘g)(x)=xAND(g∘f)(x)=x(f∘g)(x)=xAND(g∘f)(x)=x

then we say that f(x)f(x) and g(x)g(x) are inverses of each other. More specifically we will say that g(x)g(x) is the inverse of f(x)f(x) and

denote it by

g(x)=f−1(x)g(x)=f−1(x)

Likewise, we could also say that f(x)f(x) is the inverse of g(x)g(x) and denote it by

f(x)=g−1(x)

Given the function f(x)f(x) we want to find the inverse function, f−1(x)f−1(x).

First, replace f(x)f(x) with yy. This is done to make the rest of the process easier.

Replace every xx with a yy and replace every yy with an xx.

Solve the equation from Step 2 for yy. This is the step where mistakes are most often made so be careful with this step.

Replace yy with f−1(x)f−1(x). In other words, we’ve managed to find the inverse at this point!

Verify your work by checking that (f∘f−1)(x)=x(f∘f−1)(x)=x and (f−1∘f)(x)=x(f−1∘f)(x)=x are both true. This work can sometimes be messy making it easy to make mistakes so again be careful.

Explanation:

Setting y=f(x)

y=xx−2

this may be rearranged (intermediate steps shown) as follows

y(x−2)=x

x⋅y−2y=x

x⋅y−x=2y

x(y−1)=2y

x=2yy−1

This expression shows x in terms of y.

That is,

f−1(x)=2xx−1

Setting y=f(x)

y=xx−2

this may be rearranged (intermediate steps shown) as follows

y(x−2)=x

x⋅y−2y=x

x⋅y−x=2y

x(y−1)=2y

x=2yy−1

This expression shows x in terms of y.

That is, it is the inverse of function f(x).

That is,

f−1(x)=2xx−1

as required.

What is
4/11
as a decimal?
2.75
0.364
0.4
0.36


Maybe y’all don’t find the -
answer i got u guys its 0.36

Answers

Answer:

0.36

Step-by-step explanation:

Convert the fraction to a decimal by dividing the numerator by the denominator.

Hope it is helpful...

Answer:

Yes, you are correct! 0.36363636... is the answer. 0.364 would be closest.

Happy learning!

--Applepi101

more help im dum lol

Answers

Answer:

32780

Step-by-step explanation:

Answer:

32,780

Step-by-step explanation:

It should be 30,000

PLEASE HELP!!! If the quadratic equation has the form y = ax 2and y = ax 2+ c, then their axis of symmetry must always be?

Answers

Answer:

axis of symmetry , x = 0

Step-by-step explanation:

For the quadratic equation of the form [tex]ax^2 + bx + c[/tex],

the axis of symmetry is the straight line  [tex]x =- \frac{b}{2a}[/tex]

( i)  Given equation y = ax² + 0x + 0

     b = 0, therefore axis of symmetry is x = 0

( ii ) Second equation y = ax² + 0x + c

    b = 0, therefore axis of symmetry is x = 0

Any help on this please ?

Answers

Answer:

x=35

Step-by-step explanation:

because the angles are next to each other they are supplementary, which makes the total of the angle 180 degrees.

the equation would be:

180=x+14 +4x -9

add the like terms

180=5x =5

then subtract 5 from both sides

175=5x

then divide five from both sides

x=35

What is the y-intercept of the function f(x) = -4.2^x​

Answers

Answer:

[tex](0,-1)[/tex]

Step-by-step explanation:

The y-intercept always occurs when [tex]x=0[/tex]. To find the y-value of the y-intercept, substitute [tex]x=0[/tex] into your equation:

Given [tex]f(x)=-4.2^x[/tex], when [tex]x=0[/tex]:

[tex]f(x)=-4.2^0,\\f(x)=-(1)=-1[/tex]

Recall that [tex]n^0=1[/tex] for [tex]n\in \mathbb{R}[/tex]

Therefore, the y-intercept of this function is [tex](0, -1)[/tex].

Help me plz I’m stuck!!! If a line passes through the points (2,2) and (4,5), the equation of the line is

Answers

Step-by-step explanation:

the answer is in the above image

can i get the answer for this question would be verrryy much appreciated:)​

Answers

Answer

The answer is EH= 50

Which word describes the slope of the line?

O Positive

O Negative

O Zero

O Undefined​

Answers

Answer:

Option (1)

Step-by-step explanation:

Slope of a line is defined by the rule,

Slope = [tex]\frac{\text{Rise}}{\text{Run}}[/tex]

Here, Rise and Run of the line are positive.

Therefore, sign of the slope of the line will be positive.

Option (1) will be the correct option.

Someone please ill mark you the brainliest! No cheating or else i’ll report you.

Answers

Answer:

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

Como se encuentra la mediana?

Answers

Answer:

Para encontrar la mediana: Organice los puntos de datos de menor a mayor. Si el número de puntos de datos es impar, la mediana es el punto de datos intermedio de la lista. Si el número de puntos de datos es par, la mediana es el promedio de los dos puntos de datos intermedios de la lista.

Step-by-step explanation:

que tenga un lindo día

The mean sustained wind velocity, v, can be determined by the equation v = 6.3 StartRoot 1013 minus p EndRoot, where p is the air pressure, in millibars, at the center of the hurricane. What is the approximate air pressure at the center of a hurricane when the mean sustained wind velocity is 64 meters per second? 103 millibars 194 millibars 363 millibars 910 millibars

Answers

Answer:

910 millibars

Step-by-step explanation:

According to the Question,

Given That, The mean sustained wind velocity equation [tex]v=6.3*\sqrt{1013-p}[/tex] And The mean sustained wind velocity is 64m/s (v=64) . where, p is the air pressure(in millibars).

Now, the air pressure at the center of a hurricane when the mean sustained wind velocity is 64 m/s is

[tex]64=6.3*\sqrt{1013-p}\\\frac{64}{6.3} = \sqrt{1013-p}\\[/tex]

on squaring both sides we get,

(10.1587)² = 1012 - p  ⇒ p = 908.80≈910millibar

p = 910millibars air pressure .

Answer: 910

Step-by-step explanation: Did the review and got it right

Find the value of f(-4)?

Answers

Answer:

Step-by-step explanation:

This question is asking you to find the value of y when x = -4. If you locate the x value of -4, y = -10 here. Therefore, f(-4) = -10 and in coordinate form, (-4, -10).

I need help with angles in a triangle to find x
I need help with these. please :(

Answers

Answer:

[tex]a. \: \: x = {60}^{o} [/tex]

[tex]b. \: \: x = {24}^{o} [/tex]

Step-by-step explanation:

Hint :

Sum of angles = 180°

Simplify :

[tex]a. \: \: {x}^{o} + {40}^{o} + {80}^{o} = {180}^{o} [/tex]

[tex] {x}^{o} + {120}^{o} = {180}^{o} [/tex]

[tex] {x}^{o} = {180}^{o} - {120}^{o} [/tex]

[tex] {x}^{o} = {60}^{o} [/tex]

[tex]b. \: 96+(x+12)+2x=180[/tex]

[tex]x+108+2x=180[/tex]

[tex]3x+108=180[/tex]

[tex]3x=180−108[/tex]

[tex]3x=72[/tex]

[tex]x = \frac{72}{3} [/tex]

[tex]x = 24[/tex]

Hope it is helpful...
Other Questions
I need help finding the value of X. Escribe las diferencias entre los dos tipos de sinapsis. Which of the following describes a common role played by plants in the carbon cycle? (5 points) Dissolve and store carbon for long periods of time Take carbon from the atmosphere to use to make food Release carbon into the atmosphere through respiration Break down carbon stored in rocks through the process of weathering Molecular chaperones can work by creating an "isolation chamber." What is the purpose of this chamber? Question 6 options: The chamber acts as a garbage disposal, degrading improperly folded proteins so that they do not interact with properly folded proteins. This chamber is used to increase the local protein concentration, which will help speed up the folding process. This chamber serves to transport unfolded proteins out of the cell. This chamber serves to protect unfolded proteins from interacting with other proteins in the cytosol, until protein folding is completed. In "Sinners in the Hands of an Angry God," Edwards uses the image of a spider dangling on a thread over fire to describe area of irregular figuresuhmmm Tissue working together makes an-A. OrganismB. Organ Heres the balanced equation for the reaction between nitrogen and hydrogen that produces ammonia (NH3):N2 + 3H2 2NH3 H = -91.8 kJIf the reaction consumes 21.7 grams of nitrogen, how much energy is absorbed or released by the reaction? Use the periodic table for the atomic weights of the elements. Type the correct answer in the box. Express the answer to the correct number of significant figures. Tinea is characterized by itching scales and sometimes painful circular lesions and is caused bya. seborrheic dermatitisb. parasitesc. subcutaneous tissued. fungal organisms Can someone plzzzz helppp meeeeee LABC measures 90 and ZABD measures25. What is the measurement of ZDBC? To indent an entire paragraph or list you should:A. Use the paragraph spacing iconB. Use the select iconC. Use the tab key on your keyboardD. Use the decrease indent icon Question 10The speed of a molecule in air is 340 m/s. How long does it take to travel a distance of 1100meters?about 2 secondsabout 1 secondabout 4 secondsabout 3 seconds HELP ASAP!The graphs below have the same shape. f(x) = x2.What is the equation of the graph of g(x)? explain why refraction occurs at the boundary between two media.A microscope is focused on a mark on a table. When the mark is covered by a plate of glass3.00 cm thick, the microscope has to be raised 1.1 cm for the mark to be once more in focusCalculate the refractive index of the glass block. PLEASE HELP IM ON PLATO BTW GET IT RIGHT CUH helpppppppppppppppp plzzzzzzzzz Craigs drawer contains 6 white socks, 5 blue socks, and 7 black socks. He selects a sock without looking and does not replace it. Then he selects another sock without looking. Find P(two black socks).A-49/324 B-7/51 C-5/51D-7/18 Countdown until matching digits Write a program that takes in an integer in the range 11-100 as input. The output is a countdown starting from the integer, and stopping when both output digits are identical. Ex: If the input is the output is 93 92 91 90 89 88 Ex: If the input is 11 the output is 11 Ex: If the input is 9 or any number not between 11 and 100 (inclusive), the output is: Input must be 11-100 For coding simplicity, follow each output number by a space, even the last one. Use a while loop. Compare the digits do not write a large if-else for all possible same-digit numbers (11,22,33...99), as that approach would be cumbersome for larger ranges. 29999.1122120 LAB ACTIVITY 4.13.1: LAB: Countdown until matching digits 7/10 main.c Load default template... 1 include 2 3 int main() 4 int n, i: 5 scanf("%d", &n); if (n < 20 Il n98) { 7 printf("%d",n); } else { i-n: 1e while (1) printf("%d", 1); if (icie - i/10) 13 14 15 16 17 } 18 printf("\n"); 19 return : 20 ) 12 break; Latest submission - 11:16 PM on 02/05/21 Total score: 7/10 Only show failing tests Download this submission 1: Compare output A 3/3 Input Your output 93 92 91 90 89 88 2: Compare Output A Input 11 Your output 11 3: Compare output a 3/3 Input 20 Your output 20 19 18 17 16 15 14 13 12 11 4: Compare output A 0/2 Output differs. See highlights below. Special character legend Input 101 Your output 101 Expected output Input must be 11-100 5. Compare output A 0/1 Output differs. See highlights below. Special character legend Input Your output Expected output Input must be 11-100 What is the fraction: 9/8 to the 2nd power?