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 $27,000 with a term of five years at an APR of 6%. 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

Answer:

The correct answer is -

monthly payment = 521.99

total pain intrest = 4319.14

Step-by-step explanation:

Given:

a or the borrowed amount = 27000

r or the interest rate = 6%

n = 5 years or 60 months

Monthly payment = ?

total intreset = ?

Formula:

The formula for the monthly payment is -

[tex]\frac{a}{\frac{{[(1+r)^n]-1}}{[r(1+r)^n]}} = P[/tex]

or, [tex]\frac{ar}{[1-(1+r)^{-60}}[/tex] = P

Where, the amount of the loan = a

r = 0.005 (6% annual rate—expressed as 0.06—divided by 12 monthly payments per year)

n = 60 months

Solution:

Putting all the values in the either of the following formula will give monthly payments:

[tex]\frac{27000}{\frac{{[(1+0.005)^{60}]-1}}{[0.005(1+0.005)^{60}]}} = P[/tex] or  [tex]\frac{ar}{[1-(1+r)^{-60}}[/tex]

= 521.9856 or to the nearest cent 521.99.

The total intrest would be -

= (monthly payment*number of month) - amount borrowed

= 521.99*12-27000

= 31319.14-27000

= 4319.14


Related Questions

Given m||n, find the value of x and y

Answers

Answer: x=15 & y=52

Hope this might help you (•.•) :)

What is the first step in using the square root property?

Answers

Answer: Isolate the term that contains the squared variable. Then, take the square root of both sides and solve.

Step-by-step explanation:

To solve an equation by using the square root property, you will first isolate the term that contains the squared variable. You can then take the square root of both sides and solve for the variable. Make sure to write the final answer in simplified form.

Given the following exponential function, identify whether the change represents
growth or decay, and determine the percentage rate of increase or decrease.
y = 590(1.79)

Answers

Answer:

growth

79% rate of increase

Step-by-step explanation:

1.79 is > than 1

therefor growth

1.79  = 79% rate of increase

Please help kdkeoeieiei

Answers

Answer:

NEGATIVE

Step-by-step explanation:

Answer:

positive

Step-by-step explanation:

positive

Which expression represents the area in square centimeters of the new cup opening? Use A=2

Answers

Answer:

A = πx² - 2πx + π

Step-by-step explanation:

The area of the new cup opening :

We are given the area formula to use :

Area, A = πr²

r = Radius = x-1

Area = π(x - 1)²

A = π(x - 1)(x - 1)

A = π(x² - x - x + 1)

A =π(x² - 2x + 1)

A = πx² - 2πx + π

Hall and Mindy are playing a guessing game. Hall tells Mindy: ""The difference between 17 and the square root of my mystery number is 5"". What are two possible numbers that Hall could be thinking of?

Answers

Answer:

The possible number that Hall could be thinking of is 144.

Step-by-step explanation:

Difference between 17 and the square root of my mystery number

This is represented by:

[tex]17 - \sqrt{x}[/tex]

is 5

Then:

[tex]17 - \sqrt{x} = 5[/tex]

What are two possible numbers that Hall could be thinking of?

We have to solve the equation, for x. So

[tex]17 - \sqrt{x} = 5[/tex]

[tex]\sqrt{x} = 12[/tex]

[tex](\sqrt{x})^2 = (12)^2[/tex]

[tex]x = 144[/tex]

The possible number that Hall could be thinking of is 144.

If f(x) = 3x⁴ - 13x, find f(-2)​

Answers

Answer:

answer is

74....................

PLEASE ANSWER DUE IN 20 MINUTES

Answers

x= 60 degrees :)

you have to add the two angles of the triangle together.. and then subtract that number by 180… then since the lines are parallel.. it is the same angle… i hope that makes sense :))

100 Brainly points!!!!

In the figure, polygon ABCD is dilated by a factor of 2 to produce A’B’C’D’ with the origin as the center of dilation.

Point A’ is at _ options > •(2,1), (-2,-2), (1,2), (-2,2)•

& point D is at _ options > (-2,2), (4,-2), (4,2), (-2,-2).

Answers

Answer:

Point A’ is at (-2,-2)

& point D' is at (4,-2)

Step-by-step explanation:

Point A’ => (-1×2, -1×2) => (-2 , -2)

Point D' => (2×2 , -1×2) => (4 , -2)

A is at (-1,-1)

So A' is at

2(-1,-1)(-2,-2)

D is at

(2,-1)

D' is at.

2(2,-1)(4,-2)

Discount Comics is running a special: 20 comics for $5.00. Seth purchases 30 comics for $7.50. What is the sale price per comic?
$ per comic?

Answers

Answer:

$0.25

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

Find all solutions to the equation.

sin x = square root of three divided by two.

Answers

Answer:

x = 60°

Step-by-step explanation:

Special Angles :

sin = opposite divided by hypotenuse

opposite of angle 60° is square root of three

hypotenuse is two

Answer:

x=60+k.360 or x =120+k.360

Step-by-step explanation:

[tex]sin x = \frac{ \sqrt{3} }{2 \\ ?} [/tex][tex]ref \: angle = 60 \\ x = 120+ k.360 \\ x = 60 + k360[/tex]k€z

Question 1 of 10
The number √3 goes on forever with no repeating pattern; therefore, it is
rational.
A. True
B. False
SUBMIT

Answers

the answer should be true

Answer:

False

Step-by-step explanation:

Rational number :

A rational number is a number which can be represent as p/q of two integers where q is not equal to zero

Example: 2/3

[tex]\sqrt{3}[/tex] = 17320508075........ and it keeps extending. Since it does not terminate or repeated after the decimal point.

Therefore [tex]\sqrt{3}[/tex] is an irritational number,

Hence given statement is FALSE


Select the correct answer.
On the curve y= x^2+ 1 point Q has the coordinates (1.3.2.69). Estimate the slope of the curve at point Q by taking values very close to the x-
coordinate of Q.
OA 2.5
OB. 2.6
OC. 3.3
OD 5.2

Answers

Answer:

I think No B

if wrong correct me pls

have a great day

What is the distance between the points?

Answers

Answer:

[tex] \sqrt{113} [/tex]

Step-by-step explanation:

To find the distance between the two points, apply the distance formula given as:

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

Where,

[tex] (-4, -5) = (x_1, y_1) [/tex]

[tex] (4, 2) = (x_2, y_2) [/tex]

Plug in the values

[tex] d = \sqrt{(4 -(-4))^2 + (2 -(-5))^2} [/tex]

[tex] d = \sqrt{(8)^2 + (7)^2} [/tex]

[tex] d = \sqrt{64 + 49} [/tex]

[tex] d = \sqrt{113} [/tex]

DISTANCE

The formula in finding the distance between two points is given below:

[tex] \boxed{\bold{\:\:d = \sqrt{(x_2 - x_1)^2 + (y_2 - y_1)^2} \:\:}}[/tex]

Now, you know the distance formula. So, let us try solving the given problem using the distance formula.

Problem: Determine the distance between (-4, -5) and (4, 2).

From inspection on the given problem:

[tex]\sf (x_1, y_1) = (-4, -5)[/tex][tex]\sf (x_2, y_2) = (4, 2)[/tex]

Substitute the given values into the distance formula and solve for d:

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

[tex]\sf d = \sqrt{[4 - (-4)]^2 + [2 - (-5)]^2}[/tex]

[tex]\sf d = \sqrt{(8)^2 + (7)^2}[/tex]

[tex]\sf d = \sqrt{64 + 49}[/tex]

[tex]\bold{d = \sqrt{113} \approx 10.6 \: units}[/tex]

Therefore, the distance between two points is [tex]\sqrt{113}[/tex] or 10.6 units.

[tex]\\[/tex]

Now, wasn't that easy? Try this sample problem:

Find the distance between P(1, 3) and Q(7, 11).

From the sample problem above, you may solve it on your own to enhance your skill on calculating the distance.

For more information about the Distance Formula, just visit this link: https://brainly.com/question/18156437

If the profits in your consulting business increase by 6​% one year and decrease by 3​% the following​ year, your profits are up by 3​% over two years

Answers

Answer:

its 1.388 p

Step-by-step explanation:

i hope this helps

Should I get my nose pierced??

Answers

Answer:

no...you can just use a clip on

Answer:

it's absolutely worth it. The pain of getting one isn't that bad, at least for me. It's just a quick pinch. It'll look so good. Just make sure you are also cleaning it.

Step-by-step explanation:

on a certain map, 3/4 inch represents a distance of 150 miles. what distance d, in terms of x, is represented by x inches on the map

Answers

Answer:

x=80

Step-by-step explanation:

What is the relative maximum point for the function shown on the graph?
A)(0, -1)
B)(-3,0)
C(-2,-5)
D)(2,5)
Helpppp plzzz

Answers

Answer:

A)     (0, -1)

Step-by-step explanation:

A relative maximum point is a point where the function changes direction from increasing to decreasing (making that point a "peak" in the graph)

(0, -1)

Tính I = tích phân ( x^2 - 3xy) dx + ( x-y) dy với đường cung định hướng AB là ve tẻ nối điểm A ( 2,3 ) và B ( 1 , 1 )

Answers

izvzzhhhbhbugggtguguzvzuvutggutfztfutftzflsosskkxjissosos

what is 7x+3y=9 in y-intercept form?

Answers

Answer:

y = -2 1/3+3

Step-by-step explanation:

-Subtract 7x from each side of equation

-divide by 3 on each side

7x+3y = 9

3y = -7x+9

y = -7/3+3

:) ur welcome

Please help ASAP!!!

Answers

Answer:

C.

Step-by-step explanation:

When you replace x with x - h, the graph shifts h units horizontally.

Here, x is replaced by x - 12.

Compare x - 12 to x - h.

h = 12

The graph shifts 12 units to the right.

Answer:

answer maybe A..not sure but it might be in my opinion..

Out of 90 civil servants, 65 were working in the office, 50 were working in the field and 35 were working in both the premises (sites). How many civil servants were absent? How many civil servants were working in the field only? Represent the above information in the Venn diagram. 1​

Answers

Answers:

10 people absent15 people working in the field onlySee the below image for the venn diagram

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

Explanation:

35 people are working in both places. 50 work in the field or both, so 50-35 = 15 people work solely in the field. 65 work in the office or both, so 65-35 = 30 people work solely in the office

So far that accounts for 15+30+35 = 80 people who work in the field, the office, or both.

The remaining 90-80 = 10 people are absent.

The venn diagram is below.

Hallar la ecuación de la recta (2,3) y (1,-2)

Answers

Answer:

[tex]y=5x-7[/tex]

Step-by-step explanation:

z is a standard normal random variable. The P (1.41 < z < 2.85) equals a.0.4978 b.0.0771 c.0.9185 d.0.4207

Answers

Answer:

[tex]P (1.41 < z < 2.85) = 0.0771[/tex]

Step-by-step explanation:

Required

[tex]P (1.41 < z < 2.85)[/tex]

This is calculated as:

[tex]P (1.41 < z < 2.85) = P(z < 2.85) - P(z < 1.41)[/tex]

From z probabilities:

[tex]P(z < 2.85) = 0.99781[/tex]

[tex]P(z < 1.41) = 0.92073[/tex]

So, we have:

[tex]P (1.41 < z < 2.85) = 0.99781 - 0.92073[/tex]

[tex]P (1.41 < z < 2.85) = 0.07708[/tex]

Approximate

[tex]P (1.41 < z < 2.85) = 0.0771[/tex]

Cos15°°- Sin 15°= 1/√2​

Answers

Refer this attachment

Hope it's help you

determine the general term of this sequence 2;10;18;26;.........;394​

Answers

Answer:

Tn=8n-6

Step-by-step explanation:

this is arithmetic sequence so first we check our difference by saying

T2-T1=T3-T2

10-2=18-10

so difference =8 nd a=2

Formula for arithmetic is Tn=a + (n-1)d

then substitute Tn=2 + (n-1)(8)

Tn=2 + 8n-8

Tn=8n-6

Simplify (5 square root 2 - 1 ) ^2

Answers

Answer:

576

Step-by-step explanation:

5 square root 2 is 25

25 minus 1 is 24

24 square root 2 is 576

Answer:

25

Step-by-step explanation:

[tex](5\sqrt{(2-1)} ^{2}[/tex]

[tex](5\sqrt{1}) ^{2}[/tex]

Determine the number of solutions to the given system without graphing. 2x + y = 2 2x +y = 5
one solution
no solution
infinite number of solutions

Answers

Infinite number of solutions I believe.

9514 1404 393

Answer:

  no solution

Step-by-step explanation:

The two lines are parallel, so do not intersect. There is no solution.

3(t+4)=9 t=?
-(c-6)=0 c=?
-10(s+4)=-122 s=?​

Answers

Answer:

t = -1

c = 6

s = 8.2 or 8 1/5 (same thing just different notation)

Step-by-step explanation:

3(t+4) = 9

3t + 12 = 9

3t = -3

t = -1

-(c-6) = 0

-c + 6 = 0

-c = -6

c = 6

-10(s+4) = -122

-10s - 40 = -122

-10s = -82

10s = 82

s = 82/10 = 8.2 or 8 2/10 or 8 1/5

Debbie did a survey of how many states the members of her class had visited. The results were: 10, 15, 23, 2, 21, 31, 14, 10,
8.17, 11, 19.8.42.15. 22. 6, 34, 19.3, 24,
What is the five-number summary for this set of data?

Answers

Answer:

Step-by-step explanation:

11 22 6 34 19

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