1. How does an annual percentage rate (APR) for mortgages differ from a
more traditional interest rate?

Answers

Answer 1

Annual percentage rate (APR) for mortgages differs from a

more traditional interest rate as APR includes other charges and fees while interest rates do not include it.

How is this determined?

The annual cost of a loan to a borrower is referred to as interest rate, and it is indicated as a percentage.

APR represents the total yearly cost of a loan to the borrower, including all fees. The APR is stated as a percentage, just like an interest rate. It does, however, contain other costs or fees such mortgage insurance, the majority of closing costs, discount points, and loan origination fees, unlike an interest rate.

Hence, Annual percentage rate (APR) for mortgages differs from a

more traditional interest rate as APR includes other charges and fees while interest rates do not include it.

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Related Questions

Miguel has $30. He spends $6.75 on a movie ticket, $3.70 for snacks, and $1.25 for bus fare each way.

How much money does Miguel have left?

Answers

Miguel will have 18.3

Harry invests a lump sum of money in a bond fund with a fixed annual interest rate of 7% that is compounded continuously.
After 17 years, the balance reaches $10,775.05. How much was initially invested?

Answers

The initial investment was $4,176.69

What is investment?

Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time.

To find initially invested we can use the formula for continuously compounded interest to find the initial investment:

A = Pe^(rt)

Where:

A is the final balance ($10,775.05)P is the initial investmentr is the annual interest rate (7%)t is the number of years (17)

So, solving for P:

P = A / e^(rt)

P = $10,775.05 / e^(0.07 * 17)

P = $10,775.05 / 2.56724943786794

P = $4,176.69

Therefore, the initial investment was $4,176.69.

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Which equation correctly represents the situation: A campground charges $5 plus $ 25 per person for rent. Use x and y for the unknown variables.

Answers

To solve this, first ask yourself what cost will be constant (aka, what cost will not change depending on how many people are renting?). In this case, 5 is constant, because the campground charges $5 regardless of how many people there are.

Now, let x represent the amount of people who come to the campground.

You can say y = 25x +5 because for each additional person, the campground charges $25 more. (Note that whatever x is, does not change the 5)

So y = 25x +5 represents this situation, where x represents how many people are renting and y represents the amount that is charged overall


If you have any questions lmk :)

CAN SOMEONE HELP PLEASE?✨

Answers

The presented statement states that the economic profit at units has a numerical value of -512 dollars per unit.

In C, what is a function definition?

A function is a collection of several statements that work together to complete a job. Every C program we use contains at least one function, which is main (). The programs can then declare a number of extra routines in a language.

Revenue function is R (q) = 7q² + 400q

Differentiate with respect to q

R'(q) = - 7(2q) + 400.......(1)

R'(q) = - 14q + 400

Substitute q = 8 in eqn.(1)

MR(8) = -14(8) + 400

= - 112 + 400

MR(8) = -512 $ per unit

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100 POINTS HELP How would a delivery on products listed as a $5000 Unearned Revenue credit be recorded on an accounting worksheet?
A. a $5000 Adjustment debit
B. a $5000 Trial Balance debit
C. an increase in T.B. revenue
D. a $5000 Adjusted T.B. credit

Answers

Answer: A

Step-by-step explanation:

If there is a $5000 Unearned Revenue credit on the accounting worksheet, it means that the company has received payment for products or services that have not yet been delivered. Therefore, when the delivery is made, an adjusting entry is needed to reflect the change in the company's financial statements.

The adjusting entry would be a debit to the Unearned Revenue account for $5000 and a credit to the Revenue account for $5000, reflecting the delivery of the products and the recognition of revenue. The entry would be recorded in the Adjustment column of the worksheet.

Therefore, the correct answer is option A, a $5000 Adjustment debit.

Answer:

A. a $5000 Adjustment debit

Step-by-step explanation:

The delivery of products listed as a $5000 Unearned Revenue credit would be recorded on an accounting worksheet with a $5000 Adjustment debit.


Unearned revenue is a liability account that represents payments received from customers for goods or services that have not yet been provided. When the delivery is made and the products are provided, the unearned revenue is "earned" and the revenue is recognized in the accounting records.


To record the delivery and recognize the revenue earned, the company would make an adjusting entry to decrease the unearned revenue account and increase the revenue account. Since the unearned revenue account has a credit balance, the adjusting entry would require a debit to reduce the balance. This would result in a $5000 Adjustment debit to Unearned Revenue and a $5000 Adjustment credit to Revenue.

A park has two rectangular, fenced playgrounds. The first playground has a perimeter of 160 feet. The second playground is twice as long and twice as wide as the first playground. Which of these could be the perimeter of the second playground in feet? pls help now ty

a. 640

b. 320

c. 240

d. 168

Answers

The perimeter of the second park will be 320 feet. The correct option is C.

What is the perimeter?

The perimeter is defined as the sum of all the sides of the object. For a rectangular park, the perimeter will be the sum of all the sides of the rectangular park.

Given that a  park has two rectangular, fenced playgrounds. The first playground has a perimeter of 160 feet.

The perimeter of the first park:-

160 = 2 ( L + W )

L + W = 80

The perimeter of the second park,

P = 2 ( 2L + 2W )

P = 4 ( L + W )

P = 4 x 80

P = 320 feet

Therefore, the perimeter will be 320 feet.

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can someone tell me how solve this problem?

Answers

Using the midpoint formula we will see that the coordinates of B are (-9, 1)

How to find the coordinates of point B?

We know that for two points (x, y) and (a, b) the midpoint is at:

( (x  + a)/2,  (y + b)/2)

In this case if the coordinates of B are (x, y), we can write the equation:

(-2, 4) = ( (x + 5)/2, (7 + y)/2)

We can solve these two equations to find the coordinates of point B, we will get:

(x + 5)/2 = -2

x + 5 = -4

x = -4 - 5 = -9

And:

(7 + y)/2 = 4

7 + y = 4*2 = 8

y = 8 - 7 = 1

The coordinates of B are (-9, 1)

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20 points!!!!! hope you can get it

Answers

Value of angle x = 70°

What are alternate angles?

Alternate angles are angles that occur on opposite sides of the transversal line and have the same size. There are two different types of alternate angles, alternate interior angles and alternate exterior angles.

Given,

ACD = 35

BCE = 105

ABC = x

By, the figure

BA || CD

⇒ ACD = BAC (alternate angles on AC)

⇒ BAC = 35°

BCE = 105

Exterior angle is equal to sum of two opposite interior angles in the triangle.

BCE = BAC + ABC

105 = 35 + x

x = 105 - 35

x = 70°

Hence,

70° is measure of x.

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The width of a rectangle is 4y-3.5 feet and the length is 3.5y+10 feet. Find the perimeter of the rectangle.

Answers

p=15
length= 3.4
width=4

In Problems 1 and 2,y=1/(1+c1e-x) is a one-parameter family ofsolutions of the first-order DE y'=y-y2. Find asolution of the first-order IVP consisting of this differentialequation and the given initial condition.
1. y(0)=-1/3

Answers

Answer:

[tex]\displaystyle y=\frac{1}{1-4e^{-x}}[/tex]

Step-by-step explanation:

[tex]\displaystyle y=\frac{1}{1+C_1e^{-x}}\\\\-\frac{1}{3}=\frac{1}{1+C_1e^{-0}}\\\\-\frac{1}{3}=\frac{1}{1+C_1}\\ \\ 3=-1-C_1\\\\4=-C_1\\\\-4=C_1[/tex]

Thus, the specific solution to the IVP given the initial condition is [tex]\displaystyle y=\frac{1}{1-4e^{-x}}[/tex]

–1/2 (12x – 2) = –6x – 1

Answers

Answer:

To solve this equation, we need to isolate the variable x on one side of the equation. To do this, we can start by adding 1/2 (12x - 2) to both sides of the equation:

-1/2 (12x - 2) + 1/2 (12x - 2) = -6x - 1 + 1/2 (12x - 2)

Combining like terms on the right side of the equation, we get:

0 = -6x + 12x - 1 + (12x - 2) / 2

Simplifying further:

0 = 6x - 1 + 6x

Combining like terms again:

0 = 12x - 1

Adding 1 to both sides:

1 = 12x

Finally, dividing both sides by 12:

x = 1/12

Step-by-step explanation:

Answer: No solution.

Step-by-step explanation:

1.) Distribute -1/2

-6x + 1 = -6x - 1

2.) Move over terms to combine

0 = -2

There is no solution to this equation.

100 POINTS HELP PLEASE

Answers

Answer:

The $19,000 in expenses should be entered by the accountant as a debit in the following journal entry:

Date Account Account Number Debit Credit

1 - Oct Expenses 19000 5050

NO LINKS!!! URGENT HELP PLEASE!!!

1. Sketch several rectangles with a perimeter of 20 meters. Include some with small areas and some large areas, Label the dimensions of each rectangle.

Answers

In the image you can see some rectangles with different dimensions, to scale.

What is a rectangle?

A rectangle is a geometric figure that is characterized by:

has four angleshas four sidesIt has two sides (base and top) that are longer than the other two sides.How to find the perimeter of a rectangle?

To find the perimeter of a rectangle we must add all its sides. In this case we must illustrate a 20 m rectangle so we can draw the following variants:

7m*3m6m*4m

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The manager of a bookshop ordered 70 copies of Teen magazine;
s of these were charged at £1.90 each and the remainder, t, were
charged at a discounted price of £1.70 p each.
The bill for all 70 copies was £124.
How many magazines were charged at the discounted price?

Answers

Answer:

Let's call the number of magazines charged at £1.90 each "x".

So, the number of magazines charged at £1.70 each is "t=70-x".

The total cost of the x magazines is x * £1.90, and the total cost of the t magazines is t * £1.70.

The total bill for all 70 magazines is £124, so we can write an equation:

x * £1.90 + t * £1.70 = £124

x * £1.90 + (70-x) * £1.70 = £124

Expanding the equation, we get:

x * £1.90 + 70 * £1.70 - x * £1.70 = £124

x * £1.90 - x * £1.70 = £124 - 70 * £1.70

x * (£1.90 - £1.70) = £124 - 70 * £1.70

x * £0.20 = £124 - 70 * £1.70

x = (£124 - 70 * £1.70) / £0.20

Now that we have an expression for x, we can use a calculator to solve for it.

x = (124 - (70 * 1.70)) / 0.20 = 40.

So, 40 magazines were charged at £1.90 each and 70 - 40 = 30 magazines were charged at £1.70 each.

Determine the monthly payment for the installment loan.

Amount Financed (P) = $15,000
Annual Percentage Rate (R) = 5%
Number of Payments per Year (N) = 12
Time in Years (T) = 3

The monthly payment is ​$_____?
​(Round to the nearest cent as​ needed.)

Answers

The monthly payment is ​$453.125.

How to calculate simple interest amount?

If the initial amount (also called as principal amount) is P, and the interest rate is R% annually, and it is left for T years for that simple interest, then the interest amount earned is given by:

[tex]I = \dfrac{P \times R \times T}{100}[/tex]

Given;

Amount Financed (P) = $15,000

Annual Percentage Rate (R) = 5%

Number of Payments per Year (N) = 12

Time in Years (T) = 3

Now, monthly payment;

=(p*i*(1+i)^n)/((1+i)^n-1)

=15000(0.05/12)(1+0.05/12)^36/(1+0.05/12)^36-1

= 72.5/0.16

=453.125

Therefore, the monthly payment by 5% interest will be $453.125.

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HELP PLEASE ITS DUE TMR

Answers

The value of the given expression is -6

What is an expression?

Mathematical expressions consist of at least two numbers or variables, at least one arithmetic operation, and a complete sentence. Any one of the following mathematical operations can be used. A sentence has the following structure: Number/variable, Math Operator, Number/Variable is an expression.

f(-2) value is the value of f(x) when x= -2

From the graph ,

f(-2)= 0

g(7)=2

Given:

 -5 * f(-2) - 3*g(7)

= -5*0 - 3*2

First multiplication ,then subtraction from left to right

= 0- 3*2

=0-6

= -6

So, the value of the given expression is -6

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find an equation of the line passing through the given points use function notation to write the equation (4, 2) and (2, 4)

Answers

Answer:

The equation of the line passing through the points (4, 2) and (2, 4) is y = -x + 6.

Step-by-step explanation:

Given the points (4, 2) and (2, 4), we can use the point-slope form of a line, which is given by:

y - y1 = m(x - x1)

where (x1, y1) is a point on the line, m is the slope of the line, and (x, y) are the coordinates of any other point on the line.

To find the slope m, we can use the formula:

m = (y2 - y1) / (x2 - x1)

Plugging in the values for the two points, we get:

m = (4 - 2) / (2 - 4) = 2 / -2 = -1

Next, we'll substitute one of the points and the slope into the point-slope form:

y - 2 = -1 (x - 4)

Expanding the right-hand side, we get:

y - 2 = -x + 4

Adding x and 2 to both sides, we get:

y = -x + 6

So, the equation of the line passing through the points (4, 2) and (2, 4) is y = -x + 6.

50 POINTS!!! GIVING BRAINLIEST TO CORRECT ANSWER

Answers

Answer:

reflection  over the x axis

vertical stretch of 2

vertical translation down 1 unit

Step-by-step explanation:

-2 [tex]\sqrt[3]{x}[/tex] -1

The negative in front is a reflection  over the x axis

The 2  is a vertical stretch of 2

The subtraction of 1 at the end is  a vertical translation down 1 unit

Oxana's account has an annual interest rate of 7.1% compounded monthly. What is the annual percentage yield for Oxana's account?

Answers

Answer: The annual percentage yield (APY) takes into account both the interest rate and the frequency of compounding. It is a measure of the effective rate of return over a year, taking into account the effect of compounding.

In Oxana's account, with a 7.1% interest rate

Step-by-step explanation:

MATH
NATION
GR.2.4 Homework February 6, 2023
< Back to Assignments
A tissue box is 9 inches (in.) long, 4 in. wide, and 7 in. tall. What is the surface area of the tissue box?
Answer:
f(x) in ²
Duration: 00:01:41
Pre

Answers

Answer:

254in^2

Step-by-step explanation:

(SA)=2lw+2lh+2hw

L -> 9 W ->4 H -> 7

2(9)(4)+2(9)(7)+2(7)(4)

18*4+18*7+14*

72+126+56

198+56

254

(photo attached)

pls help overdue!!

Answers

Answer:

k = 5.6

Step-by-step explanation:

[tex]\frac{10}{7} = \frac{8}{k}[/tex]

Cross-multiplication is applied:

(10)(k) = (8)(7)

   10k = 56

k needs to be isolated and made the subject of the formula:

k = [tex]\frac{56}{10}[/tex]

k = 5.6

Circle all the equations that represent the relationship between the price of oranges last week, x, and the price of oranges this week, y.

A. y=1/5x B. y=6/5x C. y=x+1/5x D. y=x+2 E. y=1.2x

Answers

Answer: The equation that represents the relationship between the price of oranges last week, x, and the price of oranges this week, y is:

y = x + 1/5x

The equation states that the price of oranges this week is equal to the price of oranges last week plus 1/5 of the price of oranges last week.

Step-by-step explanation:

a) Factorise x²-2x-3
b) Hence, simplify
2x-1
x²-2x-3
1
X-3

Answers

Answer:

x²-2x-3 using factorisation method

Step-by-step explanation:

x²-3x+1x-3

x(x-3) 1(x-3)

(x+1) (x-3)

x=-1,x=+3

9. Alicia had 3 feet of wood. She used
8
3 feet of wood. Estimate the amount of
4
wood Alicia has left.

Answers

Answer: Alicia had 3 feet of wood and she used 3 feet, so she has 3 - 3 = 0 feet of wood left.

Since we are asked to estimate the amount of wood, we could round 3 to the nearest whole number and say that Alicia has approximately 0 feet of wood left.

Step-by-step explanation:

Mr. Tabor believes that less than 75% of the students at his school completed their math homework last night. The math teachers inspect the homework assignments from a random sample of 50 students at the school.The math teachers inspect the homework assignments from a random sample of 50 students at the school. Only 68% of the students completed their math homework.We want to test H0:p=0.75;Ha:p<0.75H0:p=0.75;Ha:p<0.75, where pp = the true proportion of the students at Mr. Tabor’s school who completed their math homework last night. A significance test yields a PP-value of 0.1265.What it would mean for the null hypothesis to be true in this setting?

Answers

The required explanation for hypothesis test is described.

How take hypothesis test?

When the null hypothesis is true in this setting, it means that the true proportion of students at Mr. Tabor's school who completed their math homework last night is equal to 0.75, or 75%. This is the value that Mr. Tabor initially believed, but the sample data suggests that only 68% of the students completed their homework.

A PP-value is the probability of observing a sample proportion as extreme or more extreme than the sample proportion, given that the null hypothesis is true. In this case, the PP-value of 0.1265 is not small enough to reject the null hypothesis. A commonly used significance level is 0.05, which means that if the PP-value is less than 0.05, the null hypothesis would be rejected.

So, given the PP-value of 0.1265, which is greater than 0.05, we cannot reject the null hypothesis and must conclude that there is not enough evidence to suggest that the true proportion of students who completed their homework is less than 0.75. This means that, based on the sample data, the null hypothesis that the true proportion is equal to 0.75 is not ruled out, and there is not enough evidence to support the alternative hypothesis that the true proportion is less than 0.75.

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Someone please help mee

Answers

The table shows the amounts of each day is attached below.

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

The total amount of snow that falls in three days equals the sum of the amount of snow that falls each day, then

s1 + s2 + s3 = Ts

Here s1 is the snow that fell on day 1, s2 on day 2, s3 on day 3 and Ts is the total amount of snow that fell over the three days.

We need to calculate the amount of snow that fell on the first two days by multiplying the total snow by the given fractions, like this:

s1 = 1/6 * 2 = 1/3

s2 = 7/12*2 = 7/6

Now ,

1/3+ 7/6+ s3 = 2

1.5 + s3 = 2

1.5 - 1.5 + s3 = 2 - 1.5

s3 = 2 - 1.5

s3 = 1/2

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Let f be a continuous function on an interval [a, b]. Then there is a number 1, called the definite integral off on [a,b], such that for each e > 0 there is a 8 >0 so that n f($)(** – -1) - I <€ 1-1

Answers

The definite integral of a continuous function on an interval [a, b] represents the area under the graph of the function within that interval. It provides a mathematical way to measure the accumulation of change of the function over that interval.

The definite integral of a function f on the interval [a, b] is denoted by ∫f(x)dx over the interval [a, b]. This integral can be approximated by dividing the interval [a, b] into smaller subintervals and calculating the area under the graph of the function over each subinterval. The smaller the subintervals, the closer the approximation will be to the actual definite integral.

The definite integral is said to be a limit, meaning that as the size of the subintervals approaches zero, the sum of the areas under the graph over each subinterval approaches a definite value, which is the definite integral.

In mathematical terms, for each positive number e, there exists a positive number δ such that if the subintervals have width less than δ, then the difference between the sum of the areas under the graph and the definite integral will be less than e. This means that the definite integral provides a precise value for the area under the graph of the function over the interval [a, b].

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Show that the function f ∶ R^2 → R given by f(x, y) = e^x does not have
any local or global extrema.

Answers

The required function f ∶ R² → R given by f(x, y) = eˣ does not have any local or global extrema.

What is a global extreme point?

A global extreme point, also known as a global maximum or minimum, is the highest or lowest value that a function attains over its entire domain. In other words, it is the maximum or minimum value of the function over the whole range of inputs, rather than just a specific interval or region.

Here,

The function f(x, y) = eˣ only depends on x and is not a function of y. This means that it does not have any extrema since its value can be arbitrarily close to zero or arbitrarily close to infinity for different x-values, and therefore it does not attain a maximum or minimum value. This holds both locally and globally.

Thus, the required function f ∶ R² → R given by f(x, y) = eˣ does not have any local or global extrema.

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I need help with this its due by 12:00 pleaseee

Answers

the best answer i got for a is 5 days (1.5 hours a day)

b was 3 days (an hour a day) but I am not that sure but thats the best answer I could come up with

go and give every Answer a 5 star at https://brainly.in/question/30885306#:~:text=Answer%3A%20In%20the%20lab%2C%20I%20discovered%20the%20air,areas%20usually%20experience%20either%20foggy%20or%20sunny%20weather.

Answers

I identified the Atmospheric conditions such as air pressure, temperature, and relative humidity conditions that cause snow, rain, thunderstorms, fog, and clear sky in the lab. I discovered that low-pressure zones typically have snow, rain, and stormy weather, and high-pressure areas typically have foggy or bright weather.

How do atmospheric conditions influence weather patterns?

Atmospheric conditions, such as temperature, pressure, humidity, wind direction, and the presence of fronts, greatly influence weather patterns.

Changes in air pressure result in winds, which can transport warm or cold air, moisture, and storms. High humidity leads to clouds and precipitation, while low humidity often results in clear skies.

Note that temperature differences between different air masses can create fronts, which are boundaries separating different air masses, leading to changes in weather.

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Full Question:

"How do atmospheric conditions influence weather patterns?

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