Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced.

To buy a car, you borrow $28,000 with a term of five years at an APR of 5%. What is your monthly payment? (Round your answer to the nearest cent.)
$


How much total interest is paid? (Round your answer to the nearest cent.)
$

Answers

Answer 1

9514 1404 393

Answer:

monthly payment: $528.39interest paid: $3,703.40

Step-by-step explanation:

The monthly payment is given by the amortization formula:

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

where the annual interest rate is r for t years on loan value P.

Filling in the given information, we find the monthly payment to be ...

  A = $28000(0.05/12)/(1 -(1 +0.05/12)^(-12·5)) ≈ $528.39

The monthly payment is $528.39.

__

The total amount repaid is ...

  ($528.39/mo)(60 mo) = $31,703.40

The interest paid is the difference between this and the loan amount:

  interest paid = $31,703.40 -28,000 = $3,703.40

The total interest paid is $3,703.40.


Related Questions

PLEASE HELP ASAP WILL GIVE BRAINLEIST FOR AN ACTUAL ANSWER

Answers

Answer:

<V = 40

Step-by-step explanation:

The exterior angle is equal to the sum of the opposite interior angles

20x = 60+7x+5

Combine like terms

20x = 7x+65

Subtract 7x from each side

20x -7x = 7x+65-7x

13x = 65

Divide each side by 13

13x/13 = 65/13

x = 5

<v = 7x+5 = 7*5+5 = 35+5 = 40

answer:

it's U = 60°

V = 50°

T = 70°

sometimes you have to divide the diamter by 2 to get the radius.
true
false

Answers

it is true

tbh am not sure

The answer is true.

The population of a town grows at a rate proportional to the population present at time t. The initial population of 500 increases by 10% in 10 years. What will be the population in 20 years? (Round your answer to the nearest person.)
510

Incorrect: Your answer is incorrect.
persons
How fast (in persons/yr) is the population growing at
t = 20?
(Round your answer to two decimal places.)
persons/yr

Answers

Answer:

The right answer is "605 persons".

Step-by-step explanation:

Given that,

⇒ [tex]\frac{dP}{dt} \alpha P[/tex]

or,

⇒ [tex]\frac{dP}{dt} =RP[/tex]

⇒ [tex]\frac{1}{R} \int\limits^{PT}_{500} {\frac{dP}{P} } = \int\limits^{t}_{0} dt[/tex]

⇒ [tex]\frac{1}{R} [log PT-log500]=t[/tex]

⇒                  [tex]log[\frac{PT}{500} ]=Rt[/tex]

At t = 10 years,

⇒ [tex]PT=\frac{110}{100}\times 500[/tex]

          [tex]=550[/tex]

∴ [tex]log[\frac{550}{500} ]=R\times 10[/tex]

            [tex]R=\frac{log(1.1)}{10}[/tex]

At t = 20,

⇒ [tex]log{\frac{PT}{500} }=\frac{log \ 1.1}{10}\times 20[/tex]

        [tex]PT=500\times (1.1)^2[/tex]

              [tex]=605 \ persons[/tex]

Andrew walks 2000 feet from his house to his office. What distance does he cover?
A. 18,000 in.
B. 24,000 in.
C. 25,000 in.
D. 30,000 in.

Answers

The answer is B. 24,000 in.

An eagle flies towards south luzon at 90 meters for 5 seconds . What is the speed and velocity of the eagle

Answers

Answer:

the speed in 18mph

Step-by-step explanation:

Mention 3 places
where you can get
pre-approved for a
car loan

Answers

Answer:

Auto Credit Express, Carvana, Capital one auto loan

i need help. Also need the answer in step by step form

Answers

Answer: GIVEN : f(x)= -3x+1

f(x)= -5

REQUIRE:  x=?

CALCULATION:

f(x)= -3x+1

As, given f(x)= -5.

Hence,

-5= -3x+1

OR

-3x+1= -5

-3x= -5-1

-3x=-6

x= -6/-3

x= 2

What is the median of 6, 7, 3, 15, 4, 4.

Answers

Answer:

5

Step-by-step explanation:

The median is the middle when the numbers are lined up from smallest to largest

3,4,4,6,7,15

There are 6 number so the middle is the  between the 3rd and 4th number

3,4,4,    6,7,15

Take the 3rd and 4th numbers and average

(4+6)/2 = 10/2 = 5

Answer:

median = 5

Step-by-step explanation:

Arrange the data in ascending order :

3 , 4 , 4 , 6 , 7 , 15

Choose the middle number.

Here there are even number of data. Take the average of the middle

numbers .

4 and 6 are the middle number. average of 4 and 6 = ( 4 + 6 ) /2 = 5

Therefore , median = 5

42.
A toy store's percent of markup is 45%. A model train costs the store $100. Find the markaup.
(First gets brainliest)

Answers

Answer:

$68.97

Step-by-step explanation:

The equation you have to use is I=p(1.45)

If you have a 45% increase to 100, the original price was $68.97.

tank contains 250 liters of fluid in which 20 grams of salt is dissolved. Pure water is then pumped into the tank at a rate of 5 L/min; the well-mixed solution is pumped out at the same rate. Find the number A(t) of grams of salt in the tank at time t.

Answers

Solution :

Given data :

[tex]c_{in}[/tex] = 1 g/L

[tex]r_{in}[/tex] = 5 L/min

[tex]r_{out}[/tex] = 5 L/min

[tex]$v_0$[/tex] = 250 L

[tex]A_0[/tex] = 20 g

∴ [tex]r_{net} = r_{in}- r_{out}[/tex]

         = 5 - 5

          = 0

[tex]c_{out} = \frac{A}{250} \ g/L[/tex]

Now, [tex]\frac{dA}{dt}=(r_{in} \times c_{in}) - (r_{out} \times c_{out})[/tex]

[tex]$\frac{dA}{dt} = 5-5\left(\frac{A}{250}\right)$[/tex]

[tex]\frac{dA}{dt}+5 \left(\frac{A}{250}\right) = 5[/tex]

[tex]\frac{dA}{dt}+5 \left(\frac{A}{250}\right) = 5 \text{ with} \ A_0 = 20[/tex]

Integrating factor = exp(5 t/250)

Therefore,

[tex]A \times \exp (5t \ /250) = \text{integral of}\ 5 \times \exp (5t / 250) + C[/tex]

Put [tex]A_0=250+C[/tex]

C = -230

[tex]A \times \exp(5t/250) = 250 \exp(5t/250) + (-230)[/tex]

[tex]A(t) = 250-230 \exp(-5t/250)[/tex]

[tex]A(t) = 250-230e^{\left(\frac{-t}{50}\right)} \ g[/tex]

The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in thousands) 2021 2020 Income statement information Net sales $ 6,900 $ 5,900 Net income 374 158 Balance sheet information Current assets $ 970 $ 920 Property, plant, and equipment (net) 2,630 2,280 Total assets $ 3,600 $ 3,200 Current liabilities $ 1,660 $ 1,310 Long-term liabilities 920 920 Common stock 700 700 Retained earnings 320 270 Liabilities and shareholders’ equity $ 3,600 $ 3,200 Required: Determine the following ratios for 2021: (Round your percentage answers to 1 decimal place.) Determine the amount of dividends paid to shareholders during 2021. (Enter your answers in whole dollars, not in thousands. For example, $150,000 rather than 150.)


1a. Profit margin on sales 5.4 %
1b. Return on assets %
1c. Return on equity %
2. Dividends paid ?

Answers

Answer:

The answers are given below.

Step-by-step explanation:

The computation is shown below:

1.a.

Profit Margin = Net Income ÷ Sales × 100

= $374 ÷ $6,900 ×100

= 5.4%

1-b:

Average Assets = (Beginning Assets + Ending Assets) ÷ 2

= ($3,200 + $3,600)  ÷ 2

= $3,400

Now  

Return on Assets = Net Income ÷ Average Assets

= $374 ÷ $3,400

= 11%

1-c

Average Equity = ($700 + $700 + $320 + $270) ÷ 2

= $995

Now  

Return on Equity = Net Income ÷  Average Equity *100

= $374 ÷ $995

= 37.59%

2:

Dividends Paid = Beginning Retained Earnings + Net Income – Ending Retained Earnings

= $270 + $374 - $320

= $324

A certain country has 586.08 million acres of forest. Every year, the country loses 7.92 million acres of forest mainly due to deforestation for farming purposes. If this situation continues at this pace, how many years later will the country have only 237.6 million acres of forest left? (Use an equation to solve this problem.)

Answers

Answer:

At this pace the country will have only 237.6 million acres of forest left in 44 years.

Step-by-step explanation:

Given that a certain country has 586.08 million acres of forest, and every year, the country loses 7.92 million acres of forest mainly due to deforestation for farming purposes, to determine, if this situation continues at this pace, how many years later will the country have only 237.6 million acres of forest left, the following calculation must be performed:

Current amount - (amount lost per year x number of years) = 237.6

586.08 - (7.92 x X) = 237.6

586.08 - 7.92X = 237.6

-7.92X = 237.6 - 586.08

-7.92X = -348.48

X = -348.48 / -7.92

X = 44

Therefore, at this pace the country will have only 237.6 million acres of forest left in 44 years.

How long is 20 yards?

A. 600 in.
B. 720 in.
C. 840 in.
D. 900 in.

Answers

Answer:

B) 720 in

Step-by-step explanation:

1 yard is equal to 36 inches.

So, we just have to multiply 20 by 36:

20 × 36 = 720

20 yards is 720 inches.

The answer is B. 720 in.

A man bought a car for $8200 and sold it for 80% of the price two years later. How much did he lose?

Answers

Answer:

I don't know for sure, but I'm pretty sure its 1,640.

Step-by-step explanation:

80% of 8,200 is 6560, and then do 8,200- 6,560, you get 1,640.

[tex]▪▪▪▪▪▪▪▪▪▪▪▪▪  {\huge\mathfrak{Answer}}▪▪▪▪▪▪▪▪▪▪▪▪▪▪[/tex]

According to question, The price at which it was sold is equal to :

[tex]80 \% \: \: of \: \: 8200[/tex]

[tex] \dfrac{80}{100} \times 8200[/tex]

[tex]80 \times 82[/tex]

[tex]6560[/tex]

The car was sold at $ 6560

Now, loss is equal to :

[tex]8200 - 6560[/tex]

[tex] \$ \: 1640[/tex]

The sum of two numbers in 106 and the greater exceeds the lesser in 8. Find the numbers.

Answers

Step-by-step explanation:

51 and 51

maybe

hope it help u

In some country the budget for defense exceeded the budget for education by $629.1 billion. If x represents the budget for education, in billions of dollars, how can the budget for defense
be represented?
If x represents the budget for education, in billions of dollars, the budget for defense can be represented by

Answers

Answer:

y = defence

Step-by-step explanation:

x^2 + ( 47y (7 + 6) + 18.1)  is a starter point

x^2 +  (47y (7+6) + 3(6+ 1/30))  

x^2 + (611y + 3(6+1/30))

x^2 + (611y + 18.1)

x^2 + 629.1y

With x representing x billion and y representing y billion for defence

The budget for defense can be represented by the algebraic expression $ (x + 629.1) billion.

What is algebraic expression?

An algebraic expression in mathematics is an expression which is made up of variables and constants, along with algebraic operations.

Let x represents the budget for education.

Given that the budget for defense exceeded the budget for education by $629.1 billion.

The budget for defense can be represented by (x + 629.1).

Learn more about algebraic expression here

https://brainly.com/question/953809

#SPJ2

I’m having a hard time anyone knows??

Answers

Answer:

65

Step-by-step explanation:

See image below:)

Carrie walked 6 miles per day. Which table represents y, the number of miles Carrie walked in x days.

D. Says 1. 18
2. 36
3. 54
4. 72

Answers

Answer:

C

Step-by-step explanation:

Since Carrie walked 6 miles her day, the function that best suits this relationship is given by [tex]y=6x[/tex] where [tex]x[/tex] is the number of days she walked and [tex]y[/tex] is the number of miles.

Table C represents this function [tex]y=6x[/tex] because all y values are exactly 6 times the x value.

Answer:

The answer is C.

Step-by-step explanation:

18 ÷ 3 = 6 miles a day

36÷6 = 6 miles a day

54÷9 = 6 miles a day

72÷12 = 6 miles a day

Help pleaseeeee will give brainliest

Answers

Answer:

q.12

angle ACB=180-123

therefore ACB=57

again 5x-15+7x+6+57=180

or,12x+48=180

or,x=132/12

or x=11

What is the area of the triangle centimeters squared 23 CM 16 CM 14 CM

Answers

Answer:

Step-by-step explanation:

82

Answer:

Step-by-step explanation:

.5(half) x 14(base) x 16(height)=112cm

x over 3 add 5 = 5


Pls help someone

Answers

Answer:

x=0

Step-by-step explanation:

0/3 = 0

0+5=5

Answer: x=0

Explanation: Plugged it into a calculator to check!

(8,9); x+3y=2 in y=mx+b form

Answers

Answer:

use photo math. it will help

de acuerdo a la sucesion 11,18,25,32... encuentra el término que se ubica en la posición 50​

Answers

Answer:

354.

Step-by-step explanation:

De acuerdo a la sucesión 11,18,25,32..., para encontrar el término que se ubica en la posición 50​ se debe realizar el siguiente razonamiento lógico-matemático:

32 - 25 = 7

25 - 18 = 7

18 - 11 = 7

Así, los números van subiendo de 7 en 7. Por lo tanto, para determinar el número que se ubica en la posición 50 debe realizarse el siguiente cálculo:

(7 x 49) + 11 = X

343 + 11 = X

354 = X

Por lo tanto, el término que se ubica en la posición 50 es 354.

simplify this fully x+x+y×y​

Answers

Answer and Step-by-step explanation:

The answer would be 2x + 2y.

This is because we combine the x's together and the y's together. This is the simplest form of the expression.

#teamtrees #PAW (Plant And Water)

Answer:

2x+y^2

Step-by-step explanation:

Collect like terms and rewrite

2x+y*y

the premeter of a rectangle is 326cm and its lenght is 98cm find its breath and area​

Answers

Perimeter = 2(length+breadth)

326= 2(98+b),

breadth= 65 cm

Area of rectangle = l×b = 98×65= 6370cm²

Find the volume of each shape. Round your answer to two decimal places.with clear explanation.

Answers

Answer:

Volume = 111.33 in.³

Step-by-step explanation:

The volume of the shape = volume of the rectangular prism part + volume of the triangular prism part

✔️volume of the rectangular prism part:

V = L*W*H

Where,

L = 5.1 in.

W = 3.4 in.

H = 5.9 in.

V = 5.1*3.4*5.9

V = 102.306 in.³

✔️volume of the triangular prism part:

V = ½*b*h*l

b = 6 - 5.1 = 0.9 in.

h = 5.9 in.

l = 3.4 in.

V = ½*0.9*5.9*3.4

V = 9.027 in.³

✅Volume of the shape = 102.306 + 9.027

= 111.333 in.³

≈ 111.33 in.³ (approximated to 2 decimal places)

Case Study 2
Based on the success of their new treatment for sickle cell disease,
Amitye-Baane-Fortaleza research team decided to start a new company and
open a research center dedicated to curing diseases that disproportionately
affect Black people in the United States and around the world. They hired
an engineering and architecture firm called Bishapham-Cummins, Rice,
and Holloway LLC. They assigned their lead architects Fatoumata Sylla
and Leudy Tejada, along with lead engineers Jerome Wade, Neveah
Rodrigues and Jarell Hunte to design and build the new research center
based on the following square pyramid scale outline:

Answers

Answer:

good for them i think

Step-by-step explanation:

this doesnt make any sense

What is the measure of n?

Answers

Answer:

n = √108 or 6√3

Step-by-step explanation:

n is the altitude of the right triangle

Based on the right triangle altitude theorem, we would have:

h = √(xy)

Where,

h = n

x = 18

y = 6

Substitute

n = √(18*6)

n = √108

Or

n = 6√3

3. An expandable cone-shaped funnel consists of two sections as shown. (a) What is the volume of the bottom section? (b) What is the volume of the top section?

Answers

Answer:

1. Volume of cone =  

where h is the height of the cone and r is the radius.

2. The bottom section is a cone with radius 6/2 = 3 (cm) and height= 8 cm

so the volume =  ()

3. The volume of the top section is the volume of the cone - volume of bottom cone, which we already found.

V(cone)=

V(top section)=192-24=168

Step-by-step explanation:

{2x + y = -1}
{3x- 5y + -21}

Answers

Answer:

(-2, 3).

Step-by-step explanation:

2x + y = -1

3x- 5y = -21

Multiply the first equation by 5:

10x + 5y = -5     Adding this to the second equation:

13x = -26

x = -2.

Substituting this into equation 1:

2(-2) + y = -1

y = -1 + 4 = 3.

Checking this result in the second equation:

3(-2) - 5(3)

= -5 - 15 = -21

- Checks OK.

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