Michelle would like to know how much of her loan payments will go toward interest. She has a $124,500 loan with a 5.9% interest rate that is compounded monthly. The loan has a term of 10 years. Calculate the total amount of interest that Michelle will pay over the course of the loan.

Answers

Answer 1

9514 1404 393

Answer:

   $40,615.20

Step-by-step explanation:

The amortization formula will tell you Michelle's monthly payment.

  A = P(r/12)/(1 -(1 +r/12)^(-12t)) . . . . loan value P at interest rate r for t years

  A = $124,500(0.059/12)/(1 -(1 +0.059/12)^(-12·10)) ≈ $1375.96

__

The total of Michelle's 120 monthly payments is ...

  12 × $1375.96 = $165,115.20

This amount pays both principal and interest, so the amount of interest she pays is ...

  $165,115.20 -124,500 = $40,615.20

Michelle will pay $40,615.20 in interest over the course of the loan.

__

A calculator or spreadsheet can figure this quickly.

Michelle Would Like To Know How Much Of Her Loan Payments Will Go Toward Interest. She Has A $124,500

Related Questions

URGENT HELP

The gradient of the tangent to the curve y = ax + bx^3 at the point (2, -4) is 6.
Determine the unknowns a and b.
a=?
b=?

Answers

Answer:

a = -6

b = 1

Step-by-step explanation:

The gradient of the tangent to the curve y = ax + bx^3, will be:

dy/dx = a + 3bx²

at (2, -4)

dy/dx = a+3b(2)²

dy/dx = a+12b

Since the gradient at the point is 6, then;

a+12b = 6 ....1

Substitute x = 2 and  y = -4 into the original expression

-4 = 2a + 8b

a + 4b = -2 ...2

a+12b = 6 ....1

Subtract

4b - 12b = -2-6

-8b = -8

b = -8/-8

b = 1

Substitute b = 1 into equation 1

Recall from 1 that a+12b = 6

a+12(1) = 6

a = 6 - 12

a = -6

Hence a = -6, b = 1

What error, if any, did Noah make?

Answers

Answer:

breathing, jk buddy

Step-by-step explanation:

simplify
log(125) + log(625) / log(25) - log(5)​

Answers

Answer:

3.39794000867

Step-by-step explanation:

first add log 125 and 625 and divide the answer by log 25 and minus the answer by 5

Answer:

The answer is 7.

Workbook
WB-21
38. What is the circumference of a circle that has a diameter of 12 inches? (Use
3.14 for 1.)
a. 15.14 inches
b. 37.68 inches
c. 376.8 inches
d. 9.42 inches

Answers

Answer:

37.68

Step-by-step explanation:

Formula for finding the circumference of a circle is C = 2πr

If you substitute the numbers in you should get 37.68.

Amanda has 1 3/4yds of red ribbon and 7/8yds of green
ribbon. What is the total amount of ribbon that
Amanda has? (write answer as a fraction)

Answers

Answer:

21/8 yds or 2 5/8 yds

Step-by-step explanation:

First turn 1 3/4 yards into an improper fraction so you can add it to 7/8 yards.

1 3/4 as an improper fraction is 7/4 yds

7/4 yds = 14/8 yds

14/8 yds + 7/8 yds = 21/8 yds

So the total amount of ribbon Amanda has is 21/8  yds or 2 5/8 yds

Given $f(x) = \frac{\sqrt{2x-6}}{x-3}$, what is the smallest possible integer value for $x$ such that $f(x)$ has a real number value? Please show steps. Thank you!

(I rewrote the question without the symbols, they are the same question)

Given f(x) = {2x-6}/{x-3}, what is the smallest possible integer value for x such that f(x) has a real number value? Thank you!​

Answers

Answer:   x = 4

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

Explanation:

The given function is

[tex]f(x) = \frac{\sqrt{2x-6}}{x-3}[/tex]

which is the same as writing f(x) = ( sqrt(2x-6) )/(x-3)

The key for now is the square root term. Specifically, the stuff underneath. This stuff is called the radicand.

Recall that the radicand cannot be negative, or else the square root stuff will result in a complex number. Eg: [tex]\sqrt{-4} = 0+2i[/tex]

The question is basically asking: what is the smallest x such that [tex]\sqrt{2x-6}[/tex] is a real number?

Well if we made 2x-6 as small as possible, ie set it equal to 0, then we can find the answer

[tex]2x-6 = 0\\\\2x = 6\\\\x = 6/2\\\\x = 3\\\\[/tex]

I set the radicand equal to 0 because that's as small as the radicand can get (otherwise, we're dipping into negative territory).

So 2x-6 set equal to 0 leads to x = 3.

This means x = 3 produces the smallest radicand (zero) and therefore, it is the smallest allowed x value for that square root term.

But wait, if we tried x = 3 in f(x), then we get...

[tex]f(x) = \frac{\sqrt{2x-6}}{x-3}\\\\f(3) = \frac{\sqrt{2*3-6}}{3-3}\\\\f(3) = \frac{\sqrt{0}}{0}\\\\[/tex]

which isn't good. We cannot have 0 in the denominator. Dividing by zero is not allowed. The result is undefined. It doesn't even lead to a complex number. So we'll need to bump x = 3 up to x = 4. You should find that x = 4 doesn't make the denominator 0.

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

In short, we found that x = 3 makes the square root as small as possible while staying a real number, but it causes a division by zero error with f(x) overall. So we bump up to x = 4 instead.

Find all complex solutions of 2x^2+x+6=0. (If there is more than one solution, separate them with commas.)

Answers

Answer:

x=-1/4+i*sqrt(47)/4 and x=x=-1/4-i*sqrt(47)/4

Step-by-step explanation:

Using quadratic formula, x=(-1±sqrt(1-48))/4.

x=-1/4+i*sqrt(47)/4 and x=x=-1/4-i*sqrt(47)/4

Answer:

If you do not understand any steps, please feel free to comment down below.

PAIesung
0 Weber
chool Careers
Reading list
- Blake bought a motorcycle for $550 last year and sold it for $330 this year. What is his sale
price as a percentage of his purchase price?

Answers

Answer:

The sale price was 60% of the purchase price.

Step-by-step explanation:

Given that Blake bought a motorcycle for $ 550 last year and sold it for $ 330 this year, to determine what is his sale price as a percentage of his purchase price, the following calculation must be performed:

550 = 100

330 = X

330 x 100/550 = X

33000/550 = X

60 = X

Therefore, the sale price was 60% of the purchase price.

3w2 – 21w = 0

Need some help.

Answers

Answer:

The solutions are w=0 ,7

Step-by-step explanation:

3w^2 – 21w = 0

Factor out 3w

3w(w-7) =0

Using the zero product property

3w=0  w-7=0

w =0    w=7

The solutions are w=0 ,7

Divide into two triangles in a straight line

Answers

Step-by-step explanation:

I am not sure but is this question like this

if it's not i am sorry

At the city museum, child admission is S5.80 and adult admission is $9.20. On Monday, twice as many adult tickets as child tickets
were sold, for a total sales of $895.40. How many child tickets were sold that day?

Answers

[tex]You can call c the number of children and a for adults; you get:5.20c+8.50a=1097.60anda=4c meaning that the number of adults was four times the children.Substituting this value of a into the first equation we get:5.2c+8.5(4c)=1097.65.2c+34c=1097.6rearranging:c=1097.639.2=28and so:a=4c=4⋅28=112[/tex]

I got:  28  children and  112  adults.

Onetta goes to the food court to get a salad and sandwich for lunch. The Daily Deli has 8 varieties of sandwiches and 3 salads. Better Bites has 2 varieties of sandwiches and 7 salads. The Lunch Spot has 5 varieties of sandwiches and 8 salads. Determine the number of ways Onetta can select a sandwich and a salad.

Answers

Answer:

Onetta can salect a sandwich and a salad in 78 different ways.

Step-by-step explanation:

Since Onetta goes to the food court to get a salad and sandwich for lunch, and the Daily Deli has 8 varieties of sandwiches and 3 salads, while Better Bites has 2 varieties of sandwiches and 7 salads, and the Lunch Spot has 5 varieties of sandwiches and 8 salads, to determine the number of ways Onetta can select a sandwich and a salad, the following calculation must be performed:

8 x 3 + 2 x 7 + 5 x 8 = X

24 + 14 + 40 = X

78 = X

Therefore, Onetta can salect a sandwich and a salad in 78 different ways.

What is a1
of the arithmetic sequence for which a3=126
and a64=3,725
a
64
=
3
,
725
?

Answers

In an arithmetic sequence, every pair of consecutive terms differs by a fixed number c, so that the n-th term [tex]a_n[/tex] is given recursively by

[tex]a_n=a_{n-1}+c[/tex]

Then for n ≥ 2, we have

[tex]a_2=a_1+c[/tex]

[tex]a_3=a_2+c = (a_1+c)+c = a_1 + 2c[/tex]

[tex]a_4=a_3+c = (a_1 + 2c) + c = a_1 + 3c[/tex]

and so on, up to

[tex]a_n=a_1+(n-1)c[/tex]

Given that [tex]a_3=126[/tex] and [tex]a_{64}=3725[/tex], we can solve for [tex]a_1[/tex]:

[tex]\begin{cases}a_1+2c=126\\a_1+63c=3725\end{cases}[/tex]

[tex]\implies(a_1+63c)-(a_1+2c)=3725-126[/tex]

[tex]\implies 61c = 3599[/tex]

[tex]\implies c=59[/tex]

[tex]\implies a_1+2\times59=126[/tex]

[tex]\implies a_1+118 = 126[/tex]

[tex]\implies \boxed{a_1=8}[/tex]

At the end of 2 years, P dollars invested at an interest rater compounded annually increases to an amount, A dollars, given by the following formula.
A = P(1+r)?
Find the interest rate if $192 increased to $363 in 2 years. Write your answer as a percent..
-
Annual compound interest rate = % (Type an integer or a decimal.)

Answers

Answer:

37.5%

Step-by-step explanation:

A=P(1+r)^t

363=192*(1+r)^2

1.375=1+r, r=0.375=37.5%

Is x=-2 a solution for the equation below?

Answers

Answer:

no

Step-by-step explanation:

-7+x^2-3x      =       9+x-10

-7+(-2)^2-3*(-2)                   9+(-2)-10

-7+4+6                                9-12

3                   >                      -3

if we substitute -2 to x, answer is not equal

Answer:

x= -2

-7 +x^2 - 3x = 9 +x - 10

-7 + (-2)^2 -3×(-2) = 9 + (-2) -10

-7 +4 +6 = 9 - 2 - 10

-7+10=9-12

3 =-3

Don't blame me if this is incorrect:)

Which quadrilateral has equal diagonals
Select one:
a. trapezoid
b. rectangle
c. parallelogram
d. rhombus

Answers

Answer:

Option b: Rectangle

Explanation:

Give branliest pls ;)

The lines shown below are parallel. If the green line has a slope of -2, what is
the slope of the red line?

Answers

Answer:

Hi! There's no picture, but we don't need that to find the answer. Parallel lines always have the same slope. I suppose you're saying that the green and red line are parallel -- so, the red line's slope is also -2.

-2 <--

Hope this helps!! Have a nice day & please mark brainliest if you don't mind!

. Tachycardia means ...................heart rate a) fast b) slow c) irregular d) arrhythmic

Answers

Answer:

no entiendo inglés........,

Hi,

Answer:

Tachycardia is a fast heart rate

The sum of two binomials is 12x2 − 5x. If one of the binomials is x2 − 2x, the other binomial is:

1. 11x2 − 7x.
2. 12x2 − 3x.
3. 11x2 − 3x.
4. None of these choices are correct.

Answers

Answer:

C. 11x² - 3x

Step-by-step explanation:

(12x² - 5x) - (x² - 2x)

12x² - 5x - x² + 2x

12x - x² - 5x + 2x

11x² - 3x

Suppose 5 men and 7 women are on a crowded elevator. At the next floor, four people get off the elevator. Find the probability that three are women.

0.010

0.354

0.424

0.25

Answers

Answer:

B. 0.354

Step-by-step explanation:

Combination of 4 out of 5 + 7 = 12 is:

12C4 = 12!/8!4! = 495

Combination of 1 man and 3 women is:

5C1*7C3 = 5*7!/4!3! = 5*35 = 175

Required probability:

P(3W) = 175/495 ≈ 0.353

Correct choice is B

distance between 4, -4 and -7, -4

Answers

Step-by-step explanation:

here's the answer to your question

Answer: Distance = 11

Step-by-step explanation:

Concept:

Here, we need to know the idea of the distance formula.

The distance formula is the formula, which is used to find the distance between any two points.

If you are still confused, please refer to the attachment below for a clear version of the formula.

Solve:

Find the distance between A and B, where:

A (4, -4)B (-7, -4)

[tex]Distance=\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}[/tex]

[tex]Distance=\sqrt{(4+7)^2+(-4+4)^2}[/tex]

[tex]Distance=\sqrt{(11)^2+(0)^2}[/tex]

[tex]Distance=\sqrt{121+0}[/tex]

[tex]Distance=\sqrt{121}[/tex]

[tex]Distance=11[/tex]

Hope this helps!! :)

Please let me know if you have any questions

Mr. Thomas invested an amount of ₱13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be ₱3508, what was the amount invested in Scheme B?

Answers

9514 1404 393

Answer:

  ₱6400

Step-by-step explanation:

Let 'b' represent the amount invested in scheme B. Then 13900-b is the amount invested in scheme A. The total interest for 2 years is then ...

  14%(13900-b)(2) +11%(b)(2) = 3508

  1946 -0.03b = 1754 . . . . . . divide by 2, simplify

  -0.03b = -192 . . . . . . . . . subtract 1946

  b = 6400 . . . . . . . . . . . divide by -0.03

The amount invested in scheme B was ₱6400.

A runner increases his velocity from 0 m/s to 20 m/s in 2.0 s. What was his average acceleration?

Answers

Answer:

[tex]a = \frac{dv}{dt } = \frac{20 - 0}{2} = 10[/tex]

Select the correct answer. Which graph represents this inequality? y ≥ 4x − 3

Answers

Step-by-step explanation:

You didn't put the graph, but you can compare between your graphs and the picture.

Brainliest please

The graph that represents this inequality y ≥ 4x − 3 is attached below.

What is a solution set to an inequality or an equation?

If the equation or inequality contains variable terms, then there might be some values of those variables for which that equation or inequality might be true. Such values are called solution to that equation or inequality. Set of such values is called solution set to the considered equation or inequality.

We are given that the inequality is;

y ≥ 4x − 3

The slope of the inequality is 4.

The equation of the red line is y = 4x − 3  

The shading is above the line and the line is solid, that means  y is greater than or equal 4x − 3

The graph of this inequality y ≥ 4x − 3 is attached below.

Learn more about inequalities here:

https://brainly.com/question/27425770

#SPJ2

27. Which statement is true about the system x+3y=11 y=r-7 a. (8,-1) is a solution to both equations, so it is a solution to the system b. (8,-1) is a solution to one equation but not the other, so it is a solution to the system C. (8,-1) is a solution to one equation but not the other so it is not the solution to the system d. (8,-1) is not a solution to either equation, so it is not a solution to the system​

Answers

Answer:b. (8,-1) is a solution to one equation but not the other, so it is a solution to the system

Step-by-step explanation:

27. Which statement is true about the system

x+3y=11

y=r-7

a. (8,-1) is a solution to both equations, so it is a solution to the system

b. (8,-1) is a solution to one equation but not the other, so it is a solution to the system

C. (8,-1) is a solution to one equation but not the other so it is not the solution to the system

d. (8,-1) is not a solution to either equation, so it is not a solution to the system​

Find m/c.
A
18 in
12 in
C
B
28 in

Answers

be A because it explains very well

Find the x- and y-intercepts of the following line: 4x − 3y = 12

Answers

Answer:

x-intercept: (3,0)

y-intercept: (0,-4)

Step-by-step explanation:

To find the x and y-intercepts, we first need to understand what they are. X and y-intercepts are points on the line that passes through the x-axis and y-axis. When a point is an x-intercept, it passes through the x-axis. This means the x-coordinate is an integer, while the y-coordinate is always 0. This can be denoted by (x,0). When a point is a y-intercept, it passes through the y-axis. This means the y-coordinate is an integer, while the x-coordinate is always 0. This can be denoted by (0,y).

Now that we know what x and y-intercepts are, we can plug in x=0 and y=0 to find the intercepts.

x-intercept

4x-3y=12            [plug in y=0]

4x-3(0)=12          [multiply]

4x-0=12              [add both sides by 0]

4x=12                 [divide both sides by 4]

x=3

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

y-intercept

4x-3y=12            [plug in x=0]

4(0)-3y=12         [multiply]

0-3y=12             [subtract both sides by 0]

-3y=12               [divide both sides by -3]

y=-4

Therefore, the x-intercept is (3,0) and y-intercept is (0,-4).

You need to design a rectangle with a perimeter of 14.2 cm. The length must be 2.4 cm. What is the width of the
rectangle? (You might want to draw a picture.)

a) Let w = the width of the rectangle. Write the equation you would use to solve this problem.


b) Now solve your equation
* cm.
The width of the rectangle must be. Cm

Answers

Part (a)

Answer: 2(2.4+w) = 14.2

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

Explanation:

L = 2.4 = length

W = unknown width

The perimeter of any rectangle is P = 2(L+W)

We replace L with 2.4, and replace P with 14.2 to get 14.2 = 2(2.4+w) which is equivalent to 2(2.4+w) = 14.2

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

Part (b)

Answer:   w = 4.7

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

Explanation:

We'll solve the equation we set up in part (a)

2(2.4+w) = 14.2

2(2.4)+2(w) = 14.2

4.8+2w = 14.2

2w = 14.2-4.8

2w = 9.4

w = 9.4/2

w = 4.7

The width must be 4.7 cm.

Reflect figure E across the x-axis and then reflect across the y-axis. What is the resulting figure?
rectangle D
B
rectangle B
9
rectangle C
10
rectangle A

Answers

Answer:

2nd option, rectangle B

Step-by-step explanation:

After reflexion, the figure will be at the left side of x=-5

А _______ equation can be written in the form ax2 + bx+c=0 where a, b, and c are real numbers, and a is a nonzero number.

Fill in the blank.

A) quadratic
B) quartic
C) linear
D) cubic

Wrong answers WILL be reported. Thanks!

Answers

Answer:

A) quadratic

Step-by-step explanation:

ax2 + bx+c=0

Since the highest power of the equation is 2

A) quadratic -2

B) quartic- 4

C) linear- 1

D) cubic-3

A) quadratic because the highest power of the equation is 2
Other Questions
Write the fraction 24/40 in its simplest form. It was found that the C4 protein promotes synaptic pruning during brain development in the teenage years. This is a normal process in brain development that is important for removing unnecessary connections between neurons and establishing a mature brain structure. However, high expression levels of a certain allele of C4 can lead to too much pruning, which may promote the onset of schizophrenia. The variation observed at the C4 gene which leads to the greatest increase in risk was found to cause a 25% increase in the risk of developing schizophrenia. The baseline risk in the population is 1%. What is the risk of an individual with this variant developing the condition?a. 0.25%.b. 1.25%.c. 25%.d. 26%. Suppose you pay $50 to enter into a raffle with $1,000 prize. If you have a 3% chance of winning comma the expected value of your ticket is________. How do Romeo and Juliet feel once they discover each other's identities in Romeo and Juliet?A. ConfusedB. DevastatedC. FuriousD. Excited Logan was going to go toDisneyland in America so he got$450 from the bank. Then hechanged my travel plans, to go toEurodisney in Paris. How manyEuros will he have to spend?Exchange RateGBP to Dollars 1: $1.50GBP to Euros 1: 1.38 Help!!!!!!!!!I'm using plato At a coffee shop, the first 100 customers'orders were as follows.SmallLargeMediumHotun4822Cold81255What is the probability that a customer ordereda large given that he or she ordered a colddrink?Rounded to the nearest percent, [? ]% Which sentence uses the colon correctly?A. He wanted: one thing from his family, reconciliation.B. He wanted one thing: from his family, reconciliation.C. He wanted one thing from his family: reconciliation.D. He wanted one thing from: his family reconciliation. Digital _________ Line is a family of point-to-point technologies designed to provide high-speed data transmission over traditional telephone lines.a. System.b. Satisfaction.c. Speedy.d. Subscriber.e. Switch. What do you think life was like for slaves in Greek and Roman culture? If we go on the top of the Mountain we will our weight increase or decrease? Please help. Evaluate 6!3,125720120 Sniffing correction fluid can stop your heart.TrueFalse What is the order of rotational symmetry for the figure? Does anyone know the answer ? I forgot my calculator. 12 x sin50 In his speech the previous day, the new CEO had discussed his experience in the industry and his education. Carrie thought that the new CEO would do a great job given these characteristics, coupled with his good oratory skills and the fact that he just looked like a CEO. Carrie realized that she had been judging the new CEO in a manner consistent with the A school in Delhi has its own flag, which is rectangular and divided into 4 rows and 6 columns. The word SCHOOL' is inscribed in the first row, FLAG' in the fourth row, and a purple coloured rhombus is in the middle How did "the loyalAmerican peoplesee theReconstruction Act? ILL GIVE BRAINLEST!!! An ice cream shop sold a combined total of 429 ice cream cones in the flavors ofchocolate or vanilla. They sold 105 more chocolate cones than vanilla. How many vanillaice cream cones did they sell? all plants carry on photosynthesis true or false