If Clare takes out a mortgage for 22 years at an interest rate of 3% and her monthly repayments are $984, what is the principal loan amount?

Answers

Answer 1

Using simple interest, it is found that the principal loan amount was of $156,491.6.

The amount of money after t years in simple interest is modeled by:

[tex]A(t) = A(0)(1 + rt)[/tex]

In which:

A(0) is the initial amount, which is also called principal. r is the interest rate, as a decimal.

In this problem, she paid $984 monthly for 22 years, hence:

[tex]t = 22, A(t) = 984(22)(12) = 259776[/tex]

Interest rate of 3%, hence [tex]r = 0.03[/tex]

Then:

[tex]A(t) = A(0)(1 + rt)[/tex]

[tex]259776 = A(0)[1 + 0.03(22)][/tex]

[tex]A(0) = \frac{259776}{1 + 0.03(22)}[/tex]

[tex]A(0) = 156491.6[/tex]

The principal loan amount was of $156,491.6.

A similar problem is given at https://brainly.com/question/13176347


Related Questions

A company produces electric insulators. The strength of the insulators is important since a broken insulator may cause a short circuit. Unfortunately, the strength varies significantly due to the material. Because of the expense, only a limited number of insulators could be tested. The engineers sampled 25 insulators (From a production run of 200), and conducted a destructive test to determine the force that was required to break the insulators. The mean value of this force was 1723 lbf with a sample standard deviation of 90 lbf. You may approximate the population standard deviation with the sample standard deviation for the following questions.
a. Determine if the population is large enough or if a finite population correction (FPC) factor is needed. If so, what is the FPC factor?
b. For 95% confidence, determine the margin of error (+ lbf)
c. For these conditions, estimate the range of the probable population mean. Provide lower and upper values. For 95% confidence, determine the margin of error ( Assume the same mean and sample standard deviation. What is one advantage and one disadvantage of using 50 insulators instead of 25 insulators?
d. lbf) if 50 insulators were tested.

Answers

Answer:

A company produces electric insulators. The strength of the insulators is important since a broken insulator may cause a short circuit. Unfortunately, the strength varies significantly due to the material. Because of the expense, only a limited number of insulators could be tested. The engineers sampled 25 insulators (From a production run of 200), and conducted a destructive test to determine the force that was required to break the insulators. The mean value of this force was 1723 lbf with a sample standard deviation of 90 lbf. You may approximate the population standard deviation with the sample standard deviation for the following questions. a. Determine if the population is large enough or if a finite population correction (FPC) factor is needed. If so, what is the FPC factor? b. For 95% confidence, determine the margin of error (+ lbf) c. For these conditions, estimate the range of the probable population mean. Provide lower and upper values. For 95% confidence, determine the margin of error ( Assume the same mean and sample standard deviation. What is one advantage and one disadvantage of using 50 insulators instead of 25 insulators? d. lbf) if 50 insulators were tested.

Step-by-step explanation:

In a certain game, there are only two ways to score points; one way is worth 3 points, and the other is worth 5 points. If Tamsin's total score is 61, which of the following could be the number of 3-point scores that Tamsin had?

Answers

Answer:

20 three-point scores

61/3=20 R1

Answer:

7

Step-by-step explanation:

61 divided by 8 = 7 remainder 5

you can do 7 3's and 7 5's which would make 7x3 = 21  +  7 x 5 = 35  21 + 35 = 56

61 - 56  = 5 (add 1 to the amount of 5's)

7 3's and 8 5's

What is 11% of 96 students

Answers

Answer:

8.7

Step-by-step explanation:

8.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.78.7

I got brainly for my kid , it’s on my phone and she is on my family share How can she use it on her phone?

Answers

Answer:

The only way she was able to use it if she knew your email and linked you to the account or she had some sort of permissions to get brainly on her device.

Who is the general information of accounting

Answers

Answer:

General accounting essentially refers to general ledger collection and accounting activities that include account charges in credits and debits and documenting financial statements for a quarter, calendar or fiscal year.

Please verify how [tex]\frac{1-cos(x)}{sin(x)} =\frac{sin(x)}{1+cos(x)}[/tex]

Answers

Answer/Step-by-step explanation:

[tex]\frac{1-\cos \left(x\right)}{\sin \left(x\right)}=\frac{\sin \left(x\right)}{1+\cos \left(x\right)}[/tex]

When you have an equation like this, you can start from either side. So, let us start from the left side.

[tex]\underline{\mathrm{Left\:side:}} \quad\frac{1-\cos \left(x\right)}{\sin \left(x\right)}[/tex]

[tex]\sf{Rewrite\: using \:Trig \:identities=\frac{\sin \left(x\right)}{1+\cos \left(x\right)}}\\\\\mathrm{Therefore,\: it \:is \:true}[/tex]

help me please the drop down menu is the same for top and bottom i’m lost:(

Answers

I think…

0=2 : no solutions
2=2 : infinite solutions

Answer:

1) No solution

2) Infinitely many solutions

Step-by-step explanation:

1) No solution

0=2 is false.

2) Infinitely many solutions

2=2 is true because both sides are equal, hence, it is an infinite solution.

Hope this helps :)

If X is a factor of Y and Y is a factor of Z then X is a factor of Z. If so then how



PLS HELP HELP HELP HELP HELP HELP HELP !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

then z is a factor of x??? huh??

please help me calculation completing square?
x²+2x-24=0?​

Answers

Answer:

x = 4, -6

Step-by-step explanation:

x = 4, -6

1cm +4cm+2cm+1.5cm+2.5cm
find its perimeter

Answers

Answer:

11 cm

Step-by-step explanation:

add whole numbers

1 + 4 + 2 = 7

add decimal numbers

1.5 + 2.5 = 4

add the answers

7 + 4 = 11

have a splendid day <3

Answer:

11cm

Step-by-step explanation:

To find perimeter, you simply just add each of the side lengths.

To make this easier to read, lest group some of the terms

1cm + 4cm = 5cm

2cm + 1.5cm = 3.5cm

5cm + 3.5cm = 8.5cm

8.5cm + 2.5cm = 11cm

The five terms are bolded to make sure that we added each term in the sum.

Pls help I’ll brainlest ASAP


Make this sentence better the building is old and ugly

Answers

Answer:

the building is aged and unique.

a man walks for 45 minutes at a rate of 3 mi/h then jogs for 75 minutes at a rate of 5 mi/h then rests for 30 minutes and finally walks for 90 minutes at a rate of 3 mi/h. Write a piecewise-defined function expressing the distance he traveled as a function of time.

Answers

Answer:

Sorry need points

Step-by-step explanation:

The length of a rectangle is three times its width. if the area of the rectangle is 75 in2, find its perimeter.

Answers

Answer:

  40 in

Step-by-step explanation:

For a width of w, the length is 3w and the area and perimeter are ...

  A = LW = (3w)(w) = 3w^2

  P = 2(L+W) = 2(3w +w) = 8w

We are given the area, so we can find w to be ...

  75 in^2 = 3w^2

  25 in^2 = w^2 . . . . . divide by 3

  5 in = w . . . . . . . . . square root

Then the perimeter is ...

  P = 8w = 8(5 in) = 40 in

what is 4% of 32? is it a percent, base, or amount

Answers

Answer:

1.28 - amount

Step-by-step explanation:

You would multiply 32 times 0.04 and get 1.28 which I assume would be an amount.

The amount of 4% of 32 is 1.28.

We have to determine what is 4% of 32.

What is the percentage?

This free percentage calculator computes a number of values involving percentages, including the percentage difference between two given values.

Suppose it is an x percent.

Therefore x multiply 32 times 0.04 and get 1.28 an amount.

To learn more about the percentage of visits:

https://brainly.com/question/24304697

#SPJ2

Solve the inequality: x + 5 < 7 x < 3 , x > -2. , x > 12. , x < 2

Answers

Answer:

  (d)  x < 2

Step-by-step explanation:

Subtract 5 from both sides of the inequality, the same way you would if it were an equation.

  x +5 < 7 . . . . . . given

  x +5 -5 < 7 -5 . . . . . show subtraction of 5

  x < 2 . . . . . the solution

Soraya earned $40 in October. She earned $50 in
November.
What is the percent increase or decrease in Soraya's monthly earnings?
A. 15% decrease
B. 30% increase
C. 25% increase
D. 20% decrease

Answers

25% increase.

Explanation: 25% of $40 is $10. You add $10 to $40 you get $50.

Can someone please explain this to me please?
Will give brainly if you actually answer the question

Answers

Answer:

Step-by-step explanation:

24)

3x - 10 > 2

3x - 10 + 10 > 2 + 10

3x > 12

3x/3 > 12/3

x > 4

5x - 15 < -5

5x - 15 + 15 < -5 + 15

5x < 10

5x/5 < 10/5

x < 2

B)  x > 4 or x < 2

25)   1.5/60 = 12/x

x = 12(60) / 1.5

x = 480

B) 480 miles

This distance from Old Faithful to Mammoth Hot Springs is actually about 52 miles by road, so there must have been MASSIVE number of road closures to get this result...or else their scale is incorrect. 1.5 inch to 6.0 miles would be a much more accurate scale making the distance 48 miles.

The numbers and letters on a license plate are determined by the state that issues the license
plate. Suppose a state had a system that used 5 letters and 2 digits for a total of 7 characters on
a license plate. How many different license plates can this system produce?

297, 034, 400
594, 068, 800
1, 188, 137, 600
O 2, 376, 275, 200

Answers

2, 376, 275, 200 if do the right calculations then you will get the full answer of 2,376,275,200

Which equation represents a line that is parallel to the line 4x-3y=15
1) y = -4/3x - 4
2) y = -3/4x - 2
3) y = 4/3x + 2
4) y = 3/4x - 6

Answers

Answer:

1

Step-by-step explanation:

because... it is

Please take a look at the picture

Answers

[tex]\implies {\blue {\boxed {\boxed {\purple {\sf {C.\:None\:of\:the\:above.}}}}}}[/tex] ✔

[tex]\:\large{\boxed{\frak{ Step-by-step\:explanation: }}}[/tex]

A. [tex]x - ( - x) = -x[/tex]

Let us first solve for L. H. S.

We have,

[tex]x - ( - x)[/tex]

[tex] = x + x[/tex]

[tex] = 2x[/tex]

[tex]≠ - x[/tex]

[tex]≠ R. H. S. [/tex]

Hence, option A is incorrect.

B. [tex]0 - ( - x) = - x[/tex]

Solving for L.H.S. , we have

[tex] = 0 - ( - x)[/tex]

[tex] = + x[/tex]

[tex]≠ - x[/tex]

[tex]≠ R. H. S. [/tex]

Hence, option B is ruled out too.

Therefore, the correct answer is [tex]\sf\red{ option\:C}[/tex].

Find the domain of the function.



f(x) = -5x + 3

Answers

Enter a problem...

Calculus Examples

Popular Problems Calculus Find the Domain and Range f(x)=5x-3

f

(

x

)

=

5

x

3

The domain of the expression is all real numbers except where the expression is undefined. In this case, there is no real number that makes the expression undefined.

Interval Notation:

(

,

)

Set-Builder Notation:

{

x

|

x

R

}

The range is the set of all valid

y

values. Use the graph to find the range.

Interval Notation:

(

,

)

Set-Builder Notation:

{

y

|

y

R

}

Determine the domain and range.

Domain:

(

,

)

,

{

x

|

x

R

}

Range:

(

,

)

,

{

y

|

y

R

}

Solve the equation: 3.017 + k = 5.134

Answers

Answer:

k=2.117

Step-by-step explanation:

Answer:

3.017 + k = 5.134

So, k = 5.134 - 3.017

So, k = 2.117

y′′ −y = 0, x0 = 0 Seek power series solutions of the given differential equation about the given point x 0; find the recurrence relation that the coefficients must satisfy

Answers

Let

[tex]\displaystyle y(x) = \sum_{n=0}^\infty a_nx^n = a_0 + a_1x + a_2x^2 + \cdots[/tex]

Differentiating twice gives

[tex]\displaystyle y'(x) = \sum_{n=1}^\infty na_nx^{n-1} = \sum_{n=0}^\infty (n+1) a_{n+1} x^n = a_1 + 2a_2x + 3a_3x^2 + \cdots[/tex]

[tex]\displaystyle y''(x) = \sum_{n=2}^\infty n (n-1) a_nx^{n-2} = \sum_{n=0}^\infty (n+2) (n+1) a_{n+2} x^n[/tex]

When x = 0, we observe that y(0) = a₀ and y'(0) = a₁ can act as initial conditions.

Substitute these into the given differential equation:

[tex]\displaystyle \sum_{n=0}^\infty (n+2)(n+1) a_{n+2} x^n - \sum_{n=0}^\infty a_nx^n = 0[/tex]

[tex]\displaystyle \sum_{n=0}^\infty \bigg((n+2)(n+1) a_{n+2} - a_n\bigg) x^n = 0[/tex]

Then the coefficients in the power series solution are governed by the recurrence relation,

[tex]\begin{cases}a_0 = y(0) \\ a_1 = y'(0) \\\\ a_{n+2} = \dfrac{a_n}{(n+2)(n+1)} & \text{for }n\ge0\end{cases}[/tex]

Since the n-th coefficient depends on the (n - 2)-th coefficient, we split n into two cases.

• If n is even, then n = 2k for some integer k ≥ 0. Then

[tex]k=0 \implies n=0 \implies a_0 = a_0[/tex]

[tex]k=1 \implies n=2 \implies a_2 = \dfrac{a_0}{2\cdot1}[/tex]

[tex]k=2 \implies n=4 \implies a_4 = \dfrac{a_2}{4\cdot3} = \dfrac{a_0}{4\cdot3\cdot2\cdot1}[/tex]

[tex]k=3 \implies n=6 \implies a_6 = \dfrac{a_4}{6\cdot5} = \dfrac{a_0}{6\cdot5\cdot4\cdot3\cdot2\cdot1}[/tex]

It should be easy enough to see that

[tex]a_{n=2k} = \dfrac{a_0}{(2k)!}[/tex]

• If n is odd, then n = 2k + 1 for some k ≥ 0. Then

[tex]k = 0 \implies n=1 \implies a_1 = a_1[/tex]

[tex]k = 1 \implies n=3 \implies a_3 = \dfrac{a_1}{3\cdot2}[/tex]

[tex]k = 2 \implies n=5 \implies a_5 = \dfrac{a_3}{5\cdot4} = \dfrac{a_1}{5\cdot4\cdot3\cdot2}[/tex]

[tex]k=3 \implies n=7 \implies a_7=\dfrac{a_5}{7\cdot6} = \dfrac{a_1}{7\cdot6\cdot5\cdot4\cdot3\cdot2}[/tex]

so that

[tex]a_{n=2k+1} = \dfrac{a_1}{(2k+1)!}[/tex]

So, the overall series solution is

[tex]\displaystyle y(x) = \sum_{n=0}^\infty a_nx^n = \sum_{k=0}^\infty \left(a_{2k}x^{2k} + a_{2k+1}x^{2k+1}\right)[/tex]

[tex]\boxed{\displaystyle y(x) = a_0 \sum_{k=0}^\infty \frac{x^{2k}}{(2k)!} + a_1 \sum_{k=0}^\infty \frac{x^{2k+1}}{(2k+1)!}}[/tex]

Help please please need quick

Answers

14 times 14=196
7 times 7= 49
196-49=147
The length of X is approximately 7 root 3. Or 12.12 as a decimal

Solve each proportion 3 = 72 – 7​

Answers

1. 504=3x
x=168

2. 64=20m
m=3.2

1. 3/7 = 72/x

By cross multiplication we get :

➟ 3x = 72 × 7

➟ x = 72 × 7/3

➟ x = 24 × 7

➟ x = 168

2. m/8 = 8/20

By cross multiplication we get :

➟ 20m = 8 × 8

➟ 20m = 64

➟ m = 64/20

➟ m = 16/5

help me out guys I don't get this ?!​

Answers

Answer:

B: (-2,-3)

Step-by-step explanation:

The problem basically wants you to find the vertex because that is the turning point of an absolute value graph where the slope goes from negative to positive immediately. B is the best choice because the vertex is translated 2 to the left and 3 down.


A soccer goalpost is to be made of 40 feet of
Jumber. The school has 27 feet. How much
umber should be purchases?

Answers

Answer:

13 more should be purchased.

40-27=13

Zhao Co. has fixed costs of $416,000. Its single product sells for $185 per unit, and variable costs are $121 per unit. Compute the level of sales in units needed to produce a target (pretax) income of $128,000.

Answers

9514 1404 393

Answer:

  8,500 units

Step-by-step explanation:

The contribution margin from each unit is ...

  $185 -121 = $64

To accumulate a total contribution that will cover the fixed costs and the desired income, you require sales of ...

  ($416,000 +128,000)/($64/unit) = 8,500 units

A previous survey of Washington residents showed that 18% of residents accessed a state park within the last 12 months. This year, the state would like to re-administer the survey, but wants to be sure the Margin of Error in their new study will be at most 4%. Assuming they believe the previous survey's results were reliable, how many samples should they take to ensure their Margin of Error is at most 4% if they plan to analyze the data using a 95% confidence interval

Answers

Using the z-distribution for the margin of error, it is found that 355 samples should be taken.

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which  z is the z-score that has a p-value of [tex]\frac{1+\alpha}{2}[/tex].

The margin of error is given by:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

The estimate is of 18%, hence [tex]\pi = 0.18[/tex].

95% confidence, hence [tex]\alpha = 0.95[/tex], z is the value of Z that has a p-value of [tex]\frac{1+0.95}{2} = 0.975[/tex], so [tex]z = 1.96[/tex].  

The minimum sample size is n for which M = 0.04, hence:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

[tex]0.04 = 1.96\sqrt{\frac{0.18(0.82)}{n}}[/tex]

[tex]0.04\sqrt{n} = 1.96\sqrt{0.18(0.82)}[/tex]

[tex]\sqrt{n} = \frac{1.96\sqrt{0.18(0.82)}}{0.04}[/tex]

[tex](\sqrt{n})^2 = \left(\frac{1.96\sqrt{0.18(0.82)}}{0.04}\right)^2[/tex]

[tex]n = 354.4[/tex]

Rounding up, 355 samples should be taken.

A similar problem is given at https://brainly.com/question/14936818

g A long-term study has revealed that a test for cancer in men is very effective. The study shows that 89% of the men for which the test is positive actually have cancer. If a man selected at random tests positive for cancer with this test, what is the probability that he does not have cancer

Answers

The answer is 89% because I had that Same question and it was 89%
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