Suppose Sofia is considering a 5-year loan for $6,000 at an interest rate of 7%. Use the table to complete the statements. Type the correct answer in each box. Round your answer to the nearest cent. Monthly Payment per $1,000 of Principal Rate 1 Year 2 Years 3 Years 4 Years 5 Years 6.5% $86.30 $44.55 $30.65 $23.71 $19.57 7.0% $86.53 $44.77 $30.88 $23.95 $19.80 7.5% $86.76 $45.00 $31.11 $24.18 $20.04 8.0% $86.99 $45.23 $31.34 $24.41 $20.28 8.5% $87.22 $45.46 $24.65 $24.65 $20.52 9.096 $87.45 $45.68 $31.80 $24.89 $20.76 Sofia's monthly payment would be $118.80 The total number of monthly payments that Sofia would make over the life of the loan is 60 finance charge on her loan would be $1,128.00​

Answers

Answer 1

a) The monthly payment for Sofia, who is considering the 5-year loan of $6,000 at an interest rate of 7%, would be $118.80.

b) The total number of monthly payments that Sofia would make for the 5-year loan of $6,000 at an interest rate of 7% is 60.

c) The total finance charge for Sofia, who is considering the 5-year loan of $6,000 at an interest rate of 7%, would be approximately $1,128.00.

How is monthly payment calculated?

The monthly payment to pay off a mortgage can be calculated using an online finance calculator as below.

Data and Calculations:

Loan amount = $6,000

Maturity period = 5 years

Interest rate = 7%

N (# of periods) = 60 months (5 years x 12)

Results:  

Monthly Payment = $118.81 ($34.02 + $84.79)

Mortgage Payment = $7,128.60 ($118.81 x 60)

Total of 60 Mortgage Payments $7,128.60

Total Interest = $1,128.60 ($7,128.60 - $6,000)

Monthly Amortization Schedule (for the first 3 months)

 Date Beginning Balance   Interest    Principal        Ending

                                                         Repayment    Balance

1 3/2022       $6,000.00             $35.00     $83.81       $5,916.19

2 4/2022         $5,916.19               $34.51     $84.30      $5,831.90

3 5/2022        $5,831.90              $34.02     $84.79      $5,747.11

Learn more about calculating monthly payments at https://brainly.com/question/24576997

Answer 2

Answer:

The table shows monthly payments for every $1,000 of principal borrowed. For a 5-year loan at 7%, the payment on a $1,000 loan would be $19.80.

So, for a loan of $6,000, the payment would be $19.80 × 6 = $118.80.

A 5-year loan will have 60 monthly payments since 5 × 12 = 60.

Multiply the monthly payment by 60 months to get the total amount paid on the loan:

$118.80 × 60 = $7,128.

To calculate the total finance charge, subtract the principal amount from the total amount paid on the loan:

$7,128 − $6,000 = $1,128.

Step-by-step explanation:


Related Questions

Please help! will mark brainliest.
only answer if you truly know
Find (ƒ – g)(x) where ƒ(x) = –x^2, g(x) = –(x + 4)^2

(ƒ – g)(x) = –8x – 16
(ƒ – g)(x) = –2x2 + 8x + 16
(ƒ – g)(x) = –2x2 – 8x – 16
(ƒ – g)(x) = 8x + 16

Answers

Answer:

D

Step-by-step explanation:

We are given the two functions:

[tex]f(x) = -x^2 \text{ and } g(x) = -(x+4)^2[/tex]

And we want to find:

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

Recall that this is equivalent to:

[tex]= f(x) - g(x)[/tex]

Substitute:

[tex]\displaystyle = (-x^2) - (-(x + 4)^2)[/tex]

Simplify:

[tex]= -x^2 + (x+4)^2[/tex]

Perfect square trinomial:

[tex]= -x^2 + (x^2 + 8x + 16)[/tex]

Combine like terms. Therefore:

[tex]= 8x + 16[/tex]

In conclusion:

[tex](f - g)(x) = 8x + 16[/tex]

Our answer is D.

Roast beef has 25 g of protein and 11 g of calcium per serving. A serving of mashed potatoes has 2 g of protein and 25 g of calcium. Set up and solve a system to show how many servings of each are needed to supply exactly 29g of protein and 61 g of calcium.

Answers

Step-by-step explanation:

your answer

mark me a brainlist

round 6.7 to the nearest whole number.

Answers

Answer:

7

[tex]\tt{ \green{P} \orange{s} \red{y} \blue{x} \pink{c} \purple{h} \green{i} e}[/tex]

PLS HELP SHOW ME HOW TO DO THIS
A polynomial function h(x) has a zero of x = 2 – 5i with a multiplicity of one. Certain values of h(x) are given in the following table.

x h(x)
–5 0
–2 3
–1 –1
1 2
4 0
7 6
10 5

If every real x-intercept of h(x) is shown in the table and each has a multiplicity of one, what is the degree of h(x)?
A. 2
B. 3
C. 4
D. 5

Answers

The answer is 4! So c

Using function concepts, it is found that the degree of the function is: 4, option C.

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

The x-intercepts of a function are the values of the function for which the output is zero.The degree of a function is the sum of the multiplicities of the x-intercepts of the function.If a function has a complex root, it means that the conjugate is also a root.

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

When [tex]x = -5, h(x) = 0[/tex], thus, x = -5 is one x-intercept.When [tex]x = 4, h(x) = 0[/tex], thus, x = 4 is one x-intercept.There is also a x-intercept(zero) at [tex]x = 2 - 5i[/tex]. There will also be a x-intercept at the conjugate, which is [tex]x = 2 + 5i[/tex].Thus, there are 4 x-intercepts, all with multiplicity 1, which means that the degree of h(x) is 4, option C.

A similar problem is given at https://brainly.com/question/10539060

4x-2=18x+5
Show ur work

Answers

x = -½

Step-by-step explanation:

[tex]4x - 2 = 18x + 5[/tex]

Collect like terms and simplify

[tex] - 2 - 5 = 18x - 4x \\ - 7 = 14x[/tex]

Divide both sides of the equation by 14

[tex] \frac{ - 7}{14} = \frac{14x}{14} \\ - \frac{1}{2} = x[/tex]

Answer:

x = -1/2

Step-by-step explanation:

4x-2=18x+5

-2-5=18x-4x

-7=14x

-7/14=14/14x

-1/2=x

Find the value of x.​

Answers

Answer:

x=60

Step-by-step explanation:

x=180-120

PLZ HELP WITH BOTHHHHH

Answers

Answer:

(5,2)

(6,-6)

Step-by-step explanation:

¾ + ½ =
Plz help me
I neeeeed help

Answers

1.25 would be the answer

answer

1.25

Step-by-step explanation:

[tex] \frac{3}{4} + \frac{1}{2} [/tex]

[tex] \frac{3 \times 1 + 1 \times 2}{4} [/tex]

[tex] \frac{3 + 2}{4} [/tex]

[tex] \frac{5}{4} [/tex]

[tex]1.25[/tex]

I hope this will help you..please mark my answer as BRAINLIEST....

What is the value of (-1/4 - 1/2) ÷ (-4/7)

Answers

Answer:

1 5/16

Step-by-step explanation:

(-1/4 - 1/2) ÷ (-4/7)

Parentheses first

Get a common denominator

(-1/4 - 1/2 *2/2)

(-1/4 - 2/4)

-3/4

Replace in the equation

(-3/4 ) ÷ (-4/7)

Copy dot flip

-3/4 * -7/4

21/16

1 5/16

[tex]\\ \rm\Rrightarrow \left(\dfrac{-1}{4}-\dfrac{1}{2}\right)\div \dfrac{-4}{7}[/tex]

[tex]\\ \rm\Rrightarrow \dfrac{-1-2}{4}\times\dfrac{-7}{4}[/tex]

[tex]\\ \rm\Rrightarrow \dfrac{-3}{4}\times \dfrac{-7}{4}[/tex]

[tex]\\ \rm\Rrightarrow \dfrac{21}{16}[/tex]

[tex]\\ \rm\Rrightarrow 1\dfrac{5}{16}[/tex]

A building is 1 foot from a 7 foot fence that surrounds the property a worker wants to wash a window in the building 10 foot from the ground he plans to place a ladder over the fence so it rest against a building he decides he should place a ladder 7 feet from the fence for stability to the nearest 10th of a foot how long with the latter need to be

Answers

Answer:

The guitar's volume was amplified, but it was hard to hear the notes since it was so loud.

What word or phrase is a signal word that a context clue might be nearby to help determine the meaning of "amplified"?

Step-by-step explanation:

6. If there are 60 studensts in a class, 20 students are absent. Then, find the percentage of absent students.​

Answers

Answer:

60:20

100:?x

60×x=100×20

=33.333 %

Find the equation of the line that is parallel to y = 4 - 3x and passes through the
point (1,5).

Answers

Answer:

[tex]y=-3x+8[/tex]

Step-by-step explanation:

Hi there!

What we need to know:

Linear equations are typically organized in slope-intercept form: [tex]y=mx+b[/tex] where m is the slope and b is the y-intercept (the value of y when the line crosses the y-axis)Parallel lines always have the same slope

1) Determine the slope (m)

[tex]y = 4 - 3x\\y = -3x+4[/tex]

Given this equation, we can identify the slope to be -3 since it's in the place of m in [tex]y=mx+b[/tex].

Because parallel lines have the same slope, -3 is therefore the slope of the line we're currently solving for. Plug this into [tex]y=mx+b[/tex]:

[tex]y=-3x+b[/tex]

2) Determine the y-intercept (b)

[tex]y=-3x+b[/tex]

Plug in the given point (1,5) and solve for b:

[tex]5=-3(1)+b\\5=-3+b\\8=b[/tex]

Therefore, the y-intercept is 8. Plug this back into [tex]y=-3x+b[/tex]:

[tex]y=-3x+8[/tex]

I hope this helps!

What is 7x-4(3x-2)=18

Answers

x=-2

i got this answer from photo math, you should download it. it give you all the answers and even explains how they got the answer!!

Is that the right answer..?

Answers

9514 1404 393

Answer:

  the correct answer is 47

Step-by-step explanation:

You are correct down to the part where you're adding the numbers.

  50 -10 +7 = 40 +7 = 47

__

The sign of the 7 is positive. The minus sign only applies to 10.

_____

Additional comment

Here, 50 -10 is an easy sum. Sometimes it is easier to add all the positive numbers, then subtract the sum of the negative numbers. Here, that would look like ...

  (50 +7) -(10) = 57 -10 = 47

5.4 - (9.5 - 8) - 2.5

(pls help and explain pls)

Answers

Answer:1.4

Step-by-step explanation:

Add -13 + 5. 8 -8 -18 18

Answers

Do you mean by add all the numbers?
If so this would be the answer:

80

hi can someone help me with this problem!!

Answers

Answer:

f(x) | 5 | - 1 | - 3 | - 1 | 5 |

Step-by-step explanation:

So first you'll say "-2" into function

Replace x with negative 2

f(x) =2(-2) ^2 - 3

8 - 3 = 5

Secondly place "- 1" into function

Replace x with negative 1

f(x) = 2(-1)^2 - 3

2 - 3 = - 1

Thirdly place "0" into function

Replace x with 0

f(x) = 2(0)^2-3

0 - 3 = - 3

Then place "1" into function

Replace x with 1

f(x) = 2(1)^2 - 3

2 - 3 = - 1

Lastly place "2" into function

Replace x with 2

f(x) = 2(2)^2 - 3

8 - 3 = 5

{ hope this helps}

La chispa de un relámpago artificial de 10.0 MV libera una energia de 0.125 MW .s ¿Cuántos coulombs de
carga fluyen?

Answers

Answer:

nzbzbzZnzbznzbzbzhzhsbsjs

a van is traveling 64 7/8 miles per hour. an airplane is traveling 5 6/7 times faster. about how fast is the airplane traveling? could u please help?

Answers

Answer:

it will be 736 speed faster than

if 5-3(2a+1)=-4a+10, what is the value of a+2​

Answers

Answer:

-2

BRAINLIEST, PLEASE!

Step-by-step explanation:

5 - 3(2a + 1) = -4a + 10

5 - 6a - 3 = -4a + 10

2 - 6a = -4a + 10

-2a = 8

a = -4

-4 + 2 = -2

Answer:

a+2 = -4+2 = -2

Step-by-step explanation:

5-3(2a+1)=-4a+10

Distribute

5 - 6a -3 = -4a +10

Combine like terms

-6a +2 = -4a +10

Add 6a to each side

-6a+2 +6a = -4a+6a +10

2 = 2a+10

Subtract 10 from each side

2-10 =2a+10-10

-8 = 2a

Divide by 2

-8/2 =2a/2

-4=a

The Runwell Company has 8 employees. Five of
the employees earn $12 an hour, two earn $9 an
hour and 1 earns $11 an hour. What is the average
amount per hour that the employees are paid?

Answers

Answer:

41

Step-by-step explanation:

i think i dont know that much

Find the arc length of the partial circle. Either enter an exact answer in terms of π or use 3.14 πpi and enter your answer as a decimal

Answers

Answer:

C (circumference) = 2 pi R for circle

A (arc length) = R * theta = pi R = pi * 9 = 28.27

a line passes through the points 3, 0 and 4, 1. what is the y-intercept of the line

Answers

9514 1404 393

Answer:

  (0, -3)

Step-by-step explanation:

The slope is the same for any segment of the line. The slope from (0, y) to (3, 0) is the same as from (4, 1) to (3, 0).

  Δy/Δx = (y -0)/(0 -3) = (1 -0)/(4 -3)

  y = -3(1/1) = -3 . . . . . multiply by -3

The y-intercept is (0, -3).

Please help and please give explanation

Answers

Answer: -5 i guess i might b wrong i dont know -5

Step-by-step explanation:

Which of the following expressions is equivalent to the expression below?please help me ​

Answers

Answer: 14x+6

Step-by-step explanation:

by using distribution from the ”2” outside the parenthesis, you simply do

2x7= 14 (add the variable x) so 14x

then you do 2x3= 6

Find the total amount paid on a loan when the monthly payment is $189 and the loan is paid off in 48 months. Use the formula A = MN, where A is the total amount paid, M is the monthly payment, and N is the number of payments.

Answers

Answer:

Step-by-step explanation:

M=189

N = 48

A = M*N

A = 189 * 48

A = 9072

Which statement compares the two numbers correctly?

0.799 ________ 0.8 I need help thanks if you will ill give you 70 points but you have to help me before 4:00 thanks soo much if you do

Answers

Answer:

the statements are missing can you post them please

Answer:

C. 0.799 < 0.8

Step-by-step explanation:

0.799 ________ 0.8

Choices:

0.799 > 0.8 0.799 = 0.8 0.799 < 0.8 0.8 < 0.799

Comparing this two, compare 0.799 and 0.800 and if you ignore the decimals, it will be same as comparing 799 and 800.

We know 799 < 800, so apply the same here to get:

0.799 < 0.8

Correct choice is C

The cost of petrol is 60 rupees per litre a petrol bunk sells 750
litre s of petrol one day. how much money do they get At The end of the day​

Answers

Answer:

45000rupees

Step-by-step explanation:

cost of 1 litre of petrol=60rupees

cost of 750 litres of petrol=750×60rupees

=45000rupees

Please help!
Find the value of x for which ABCD must be a parallelogram.

Answers

Answer:

x=5

Step-by-step explanation:

5x-8=2x+7

5x-2x=7+8

3x=15

X=15/3

x=5

Answer:

5

Step-by-step explanation:

cause

angle c and angle a are alternate angle and alternate angle are always equal so 5X-8=2x+7

5x-2x=7+8

3x=15

or x=5

enter the range of values for x:

Answers

12x because you multiply it

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