a small business owner is applying for a small business loan and has been approved for a $50,000 loan with a 6.15% annual interest. the first loan is a simple interest rate, the second loan compounds interest quarterly, and the third loan compounds interest continuously. the small business owner plans to pay off the loan in three years and 7 months. Determine the total value of the loan with the quarterly compounded interest.

Answers

Answer 1

Answer: The total value of the loan with quarterly compounded interest  is $60,109.34.

Step-by-step explanation:

To calculate the total value of the loan with quarterly compounded interest, we can use the formula for compound interest:

A = P * (1 + r/n)^(nt)

where:

A = final amount (loan + interest)

P = principal (the original amount of the loan)

r = annual interest rate as a decimal

n = number of times the interest is compounded in a year

t = time in years

For the loan with quarterly compounded interest, the number of times the interest is compounded in a year is 4 (since interest is compounded quarterly), and the time is 3 years and 7 months, which we can convert to years as 3.5833.

Substituting the values into the formula, we get:

A = $50,000 * (1 + 0.0615/4)^(4 * 3.5833)

A = $50,000 * (1.015375)^(15.7532)

A = $50,000 * 1.22186888

A = $60,109.34

Therefore, To calculate the total value of the loan with quarterly compounded interest, we can use the formula for compound interest:

A = P * (1 + r/n)^(nt)

where:

A = final amount (loan + interest)

P = principal (the original amount of the loan)

r = annual interest rate as a decimal

n = number of times the interest is compounded in a year

t = time in years

For the loan with quarterly compounded interest, the number of times the interest is compounded in a year is 4 (since interest is compounded quarterly), and the time is 3 years and 7 months, which we can convert to years as 3.5833.

Substituting the values into the formula, we get:

A = $50,000 * (1 + 0.0615/4)^(4 * 3.5833)

A = $50,000 * (1.015375)^(15.7532)

A = $50,000 * 1.22186888

A = $60,109.34

Therefore, the total value of the loan with the quarterly compounded interest would be $60,109.34.


Related Questions

11 Answer:


Consecutive integers are integers that follow each other in order (for
example 5, 6, and 7). The sum of three consecutive integers is 417.
Let n be the first one. Write an equation that will determine
the three integers.


12 Answer:
Solve the equation in question #11 for the value of n.

Answers

Step-by-step explanation:

n + (n+1) + (n+2) = 417

3n + 3 = 417

3n = 414

n = 138

so, the 3 integers are

138, 139, 140

Answer:

138

Step-by-step explanation:

n,n+1,n+2

so 3n+3=417

3n=414

n=138

evaluate, correct to four significant figure,(573.06× 184.25)​

Answers

Answer:

103,847

103,847.0

Step-by-step explanation:

Step 1: Multiply the two numbers: 573.06 x 184.25 = 106,157.45

Step 2: Round the answer to four significant figures: 106,200

Which of the following shows independent events?
Select the correct answer below:


drawing a jack and then drawing a 7 without replacement from a standard deck of cards

drawing a 10 and then drawing a 9 without replacement from a standard deck of cards

rolling two 4's from two rolls of a standard die

rolling a sum less than 3 from two rolls of a standard die and rolling a 1 for the second throw

Answers

Answer:

Step-by-step explanation:

Ramona and Malika are walking along linear routes in their county. On a map of their county, Ramona’s route passes through the coordinates (2,1)
and (0,−2)
. Malika’s route passes through the coordinates (0,3)
and (−2,0)
. Do the friends pass through a common coordinate, walk along the same route, or never cross routes?
Explain your answer

Answers

The path's of the two persons don't cross as their lines don't intersect and thus they never cross routes.

What are linear equations?

Linear equations help in representing the relationship between variables such as x, y, and z, and are expressed in exponents of one degree. In these linear equations, we use algebra, starting from the basics such as the addition and subtraction of algebraic expressions.

Given here: Ramon's path passes through the co-ordinates  (2,1)

and (0,−2) while Malika's passes through  (0,3)

and (−2,0)

Thus using the two point of a line to construct the linear equations we get

Ramona's path is y=1.5x−2

Malika's path is y=1.5x+3

Now solving for the two equations we get

1.5x-2=1.5x+3

-2=3 which is not  possible

Hence, The path's of the two persons don't cross as their lines don't intersect and thus they never cross routes.

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Mei Mei signed up for a streaming music service that costs $6 per month. The service allows Mei Mei to listen to unlimited music, but if she wants to download songs for offline listening, the service charges $0.50 per song. How much total money would Mei Mei have to pay in a month in which she downloaded 35 songs? How much would she have to pay if she downloaded

s songs?

Answers

Answer:

She would have to pay $17.50 for 35 songs.

Step-by-step explanation:

We have the amount it costs per song (0.50), and we have the amount of songs that she wants to buy (35). If we multiply 35 the amount of songs by 0.50 the price per song, we will have a grand total of $17.50.

35 * 0.50 = 17.50

-Hope this helped

Algebra 1, please help,

Answers

Answer:

I don’t even know

Step-by-step explanation:

Please help me thank you so much!

Answers

Answer:

It's the second one because -3x3-5 equals -14

will give brainliest to correct answer

Answers

The sequence that represents the arithmetic sequence will be {-6, 1, 8, 15, 22,...}. Then the correct option is A.

What is an arithmetic sequence?

Arithmetic succession or arithmetic sequential is a numerical series in which the difference between subsequent terms is uniform.

Let's check all the options, then we have

A.  {-6, 1, 8, 15, 22,...}, then the common difference is given as,

d = 1 - (-6) = 8 - 1 =

d = 7 =  7

B.  {64, 32, 16, 8, 4,...}, then the common difference is given as,

d = 32 - 64 = 16 - 32
d = -32 ≠ - 16

C.  {1, 2, 4, 8, 16,...}, then the common difference is given as,

d = 1 - 2 = 2 - 4

d = - 1 ≠ - 2

D.  {1, 3, 6, 10, 15,...}, then the common difference is given as,

d = 1 - 3 = 3 - 6

d = - 2 ≠ - 3

The sequence that represents the arithmetic sequence will be {-6, 1, 8, 15, 22,...}. Then the correct option is A.

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Part A. Write an expression to find the cost of b books at $12 each
Part B. Using the variable h, write an expression to show the total cost you would have to pay a babysitter that charges $10 per hour plus $5 in gas to drive herself to your house.

Answers

Part A. The cost of b books at $12 each can be found with the expression: 12 * b

Part B. The total cost to pay a babysitter who charges $10 per hour and $5 in gas can be found with the expression: 10 * h + 5

Anyone know how to do math work like this?? I'm

Answers

Answer: IT IS EZ IT JS 67 AND 194

Step-by-step explanation

0

9

You deposit $200 each month into an account earning 7% interest compounded monthly.

a) How much will you have in the account in 35 years?

https://ohm.lumenlearning.com/assess2/?cid=69660&aid=51 5/#/skip/

b) How much total money will you put into the account?

$

c) How much total interest will you earn?

$

Question Help: Video 1 Video 2

Answers

a) On compounding the amount of money in account after 35 years will be $356796.54.

b) $84000 is the total money that will be put into the account.

c) The total interest earned is obtained as $272796.54.

What is Compound Interest?

The interest that is calculated using both the principal and the interest that has accrued during the previous period is called compound interest. It differs from simple interest in that the principal is not taken into account when determining the interest for the subsequent period with simple interest. Compound interest is commonly abbreviated C.I. in mathematics.

a)  Figure out the period interest rate, i.

Use the formula: i=r/m, where r is the nominal interest rate and m is the number of compounding periods.

If the bank pays 7% compounded monthly, that means that the nominal annual interest rate is 7.0% and the monthly period interest rate is 7/12 = 0.58%.

The principal amount A = $200

The number of times interest applied per time period n = 35 × 12 = 420

Now, use the uniform series compound-amount factor to find the future value.

The equation is -

F = A [((1 + i)^n) - 1] / i

where F is the future value, A is the annuity amount, i is the period interest rate.

Substitute the values into the equation -

F = 200 [((1 + 0.0058)^420) - 1] / 0.0058

F = 200 [((1.0058)^420) - 1] / 0.0058

F = 200 (11.3471 - 1) / 0.0058

F = 200 (10.3471) / 0.0058

F = 200 × 1783.9827

F = 356796.54

Therefore, the amount will be $356796.54 after 35 years.

b) The total money put in the account will be -

Total amount = The principal amount × The number of times interest applied per time period

Total amount = A × n

Substitute the values into the equation -

Total amount = 200 × 420

Total amount = 84000

Therefore, the total amount is $84000.

c) The total interest earned will be -

Total Interest = The future amount - The total money put in the account

Total Interest = F - The total money put in the account

Substitute the values into the equation -

Total Interest = 356796.54 - 84000

Total Interest = 272796.54

Therefore, the total interest is $272796.54.

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A car rental agency charges $250 per week plus $0.10 per mile to rent a car.
a. Write an equation that expresses the weekly cost to rent the car, y, in terms of the number of miles driven during the week, x.
b. How many miles did you drive during the week if the weekly cost to rent the car was $260?

Answers

Answer:

a. 250+0.10x=y


b. 250+0.10x=260

-250. -250

———————————-

0 + 0.10x = 10

——— ——-

0.10 0.10

—————————————-

X = 100

( you drove 100 miles )

Step-by-step explanation:

In question A, basically you already have a base of 250 and you add 0.10, multiplying it with x, which is the number of miles, equals to the total amount. So the answer for that question is : 250+0.10x = y. For question B, you just had to substitute the y for 260, and solve for x ( subtract 250 from both sides, divide by 0.10 on both sides, and you get x = 100. So the answer for that question is you drove 100 miles.
hope this helped =)

Final answer:

The cost of renting a car can be formulated as y = 250 + 0.10x, with y representing the total cost and x the distance travelled. If the total cost was $260, then 100 miles were driven.

Explanation:

The car rental agency's charge can be represented as a linear equation with a fixed cost ($250/week) plus a variable cost ($0.10/mile). This can be represented algebraically as: y = 250 + 0.10x, where y is the total weekly cost and x signifies the number of miles driven.

To find out how many miles (x) were driven for a total cost of $260, substitute y with 260 in the equation and solve for x:

260 = 250 + 0.10xSubtract 250 from both sides: 10 = 0.10xDivide by 0.10 to solve for x: x = 100

Therefore, if the weekly cost to rent the car was $260, you drove 100 miles.

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Which equation represents the graph? a graph of a line that passes through the points 0 comma negative 3 and 4 comma negative 1 y equals negative one half times x plus 6 y equals one half times x minus 3 y = 2x − 3 y = −2x + 6

Answers

The equation of the line is y = (1/2)x - 3.

What is an equation of a line?

The equation of a line is given by:

y = mx + c

where m is the slope of the line and c is the y-intercept.

Example:

The slope of the line y = 2x + 3 is 2.

The slope of a line that passes through (1, 2) and (2, 3) is 1.

We have,

The line passes through (0, -3) and (4, -1)

Now,

The equation of a line is y = mx + c

m = (-1 + 3) / (4 - 0)

m = 2/4

m = 1/2

Now,

(0, -3) = (x, y)

y = mx + c

-3 = (1/2) x 0 + c

-3 = c

c = -3

Thus,

y = (1/2)x - 3 is the equation of the line.

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Five times the sum of a number and six is equal to eight times the number, minus six. Find the number.

Answers

Answer: x=12

Step-by-step explanation:

[tex]5(x+6)=8x-6[/tex]

On the left side of the equation, open the parentheses:

[tex]5x+30=8x-6\\\\5x+30-5x=8x-6-5x\\\\30=3x-6\\\\30+6=3x-6+6\\\\36=3x[/tex]

Divide both parts of the equation by 3:

[tex]12=x[/tex]

[tex]Thus,\ x=12[/tex]

Which expression is equivalent to

2

+

+
7

−2w+w+7w?

Answers

Answer:

The expression equivalent to

2

+

7

−2w+w+7w is 7√ - 2w.

HELP
______________________

Answers

Inverse of function f(x) is f⁻¹(x) = x³/125 - 7

What is inverse function?

An inverse function or an anti function is defined as a function, which can reverse into another function. In simple words, if any function “f” takes x to y then, the inverse of “f” will take y to x. If the function is denoted by 'f' or 'F', then the inverse function is denoted by f⁻¹ or F⁻¹.

Given function,

f(x) =  5∛(x + 7)

f⁻¹(x) = 5∛(f(x) + 7)

Cubing both sides

x³ = 5³(f(x) + 7)

x³ = 125 (f(x) + 7)

f(x) + 7 = x³/125

f(x) = x³/125 - 7

Hence,  f⁻¹(x) = x³/125 - 7 is inverse of function f(x).

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Last year at a certain high school, there were 95 boys on the honor roll and 64 girls on the honor roll. This year, the number of boys on the honor roll increased by 20% and the number of girls on the honor roll increased by 25%. By what percentage did the total number of students on the honor roll increase? Round your answer to the nearest tenth (if necessary).

Answers

Answer:

1.9 percent

Step-by-step explanation:

95 boys + 64 girls = 159 total honor roll students

To quickly find percentages of numbers, think of the current number as 100%, or 1.00. Then, go from there to find the number to multiply to get the percentage you need.

For example, a 25% decrease in the number of girls means the new number will be 75% of the old number, so we multiply the number of girls by 0.75 to get the new number of girls. 64*0.75 = 48.

Same with the boys, 95 boys is 100%, but this year the number increased by 20%, so we need to find 120% of the number, so we multiply it by 1.20. 95*1.20 = 114

To answer this question, we need to know by what percent the total number of honor students increased by, so we need to know the new total number. 48+114 = 162

To find out what percent 162 is out of 159, we divide them. 162 / 159 = 1.0188, or 101.9 percent if you round to the nearest tenth. So, the number of students increased by 1.9%.

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4. Consider the inequality 2n+7>13.
(a) For each value of n in the table, find the (b) Solve the inequality 2n+7>13
value of 2n +7. Then, state whether that
value of n is a solution.
the two-step techniques from class.
Value of 2n+7

Answers

The value of 'n' satisfies the inequality 2n + 7 > 13 is  [4, ∞).

What are inequalities and their types?

Inequality is a relation that compares two numbers or other mathematical expressions in an unequal way.

The symbol a < b indicates that a is smaller than b.

When a > b is used, it indicates that a is bigger than b.

a is less than or equal to b when a notation like a ≤ b.

a is bigger or equal value of an is indicated by the notation a ≥ b.

The given inequality is 2n + 7 > 13.

Assuming n ∈ I.

Therefore, The values of 'n' that satisfies the giver inequality is,

At, n = 3, 2n + 7 = 13.

So, The values of 'n that satisfies the inequality is [4, ∞).

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After a 75% ​reduction, you purchase a new dvd player on sale for ​$150. What was the original price of the dvd player ​?

Answers

Step-by-step explanation:

The original price was 150 / (1 - 0.75) = $600.

Troy has to order 8 pounds of ham, 15 pounds of cheese, and 12 pounds of turkey. What is the total cost of Troy’s order?
A. $93.75
B. $110.25
C. $204.23
D. $293.66

Answers

The total cost of Troy’s order is $93.75 for ham, cheese, and turkey.

The price chart below shows the ingredients that Troy needs to buy. A pound of onions costs $0.79, a pound of tomatoes costs $0.93, a pound of cheese costs $1.85, a pound of ham costs $3.15, and a pound of turkey costs $3.40.

The question above asks about Troy, who has to order 12 pounds of turkey, 15 pounds of cheese, and 8 pounds of ham for his sandwich bar.

We need to sum up the total price as:

Ham: 8 pounds x $3.15 equals $25.2

Cheese: 15 pounds x $1.85 equals $27.75

Turkey: 12 pounds x $3.40 equals $40.8

The total of the prices is: $25.2 + $27.75 + $40.8 = $93.75

Thus, the right choice is A.

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Which number line represents the solution set of the inequality -2x + 0.25 > 6.25

Answers

Answer:

Step-by-step explanation:

-2x+0.25>6.25

-2x>6

Swap the sign when you divide or multiply by a negative in an inequality.

x<-3

Option #1

A deli is trying out new labels for their cylindrical-shaped wheels of cheese. The label covers the entire wheel except the circular top and bottom.

If the wheel has a radius of 22 centimeters and a height of 16 centimeters, how many square centimeters of the wheel does the label cover? (Approximate using pi equals 22 over 7)

A. 15,488 over 7 square centimeters
B. 36,784 over 7 square centimeters
C. 1,936 over 7 square centimeters
D. 340,736 over 7 square centimeters

Answers

Answer: The real answer is 15,488 over 7 square centimeters.

Step-by-step explanation:

For this question, you need to use the formula for surface area of a cylinder: SA = 2πr^2 + 2πrh

Since the label DOES NOT cover the bases, you do not need to do the first part of the formula (2πr^2) because that part is finding the area of the bases. We are only looking for how many square centimeters the label IS covering.

2πrh

So times the radius by 2.

22 * 2 = 44

Now times 44 by the height

44 * 16 = 704

And finally, times 704 by 22/7

22/7 * 704 = 15,488 over 7 square centimeters

So 15,488 over 7 square centimeters is the answer.

You might get it in decimal form (something like this number 2,212.5714285) but if you divide 15,488 by 7 you will get the same decimal.

Also, I did the same test and got 100% so I know the right answer

I have a photo of the question from my test:

Have a good day :)

Consider the graphs of f(x) = 2^x and g(x).
Which transformation can be used to describe g(x)?

Answers

Answer:

6 to right

Step-by-step explanation:

The value of y when x equals 0 on f(x) is 1. By looking at the graph of g(x), it looks like it reaches the value of y = 1 when x is 6. It also This means the same point is shifted over 6 to the right (considering it looks like no other modifications are made other than the shift).

If your original biconditional statement is true, would the contrapositive be true? Give an example to illustrate your reasoning. '

Answers

Answer:

Step-by-step explanation:

es, if the original biconditional statement is true, then its contrapositive is also true.

Example: "If it rains, the grass is wet."

The contrapositive of this statement would be "If the grass is not wet, then it didn't rain."

Both the original statement and its contrapositive have the same truth value, as they are logically equivalent.

Find the Profit value

Answers

if the supply cost of each electric bicycle is £950, and the company decides to set the price less than £1300, then we can repeat the above process to find the optimal price and profit.

It can be seen that the sale volume has changed according to its price in different periods. The values have been reported in the following table. This company is going to launch a new product and the price needs to be decided based on the market analysis. Determine the appropriate price for the newly developed electric bicycle with the aim of maximizing the company’s profit. The demand for new products has a direct relationship with its price.

Table 1- Demands of an electric bicycle based on a price level according to previous experiences

Price (£)  Demand

1150  415

1185  405

1210  390

1235  380

1260  345

1285  302

1310  270

1335  255

1360  246

1385  240

1410  230

1435  222

1460  216

1485  214

1510  210

1540  200

The main objective of the company is to maximize profit regarding to the new product. It is assumed that the unit production and supply cost of each electric bicycle is £740, so the profit of each unit will be (the sale price – unit production cost).

Determine the optimal demand

Compute the optimal profit.

Interpret the results.

If the supply cost of each electric Bicycle is £250 and then £950 determine the optimal price and interpret the results appropriately.

Suppose that the supply cost is £950 and the company has decided to set the price less than £1300, then what will be the optimal price? Interpret the results

To find the optimal price, we need to find the price that maximizes the company's profit. Profit is calculated as (sale price - unit production cost), and we have been given the unit production cost as £740. So, the profit function can be written as:

Profit = (sale price - £740) * demand

Using the data in the table, we can plot the demand as a function of price and then calculate the profit for each price level:

Price (£) Demand Profit (£)

1150 415 121,750

1185 405 133,650

1210 390 141,600

1235 380 146,200

1260 345 140,100

1285 302 113,640

1310 270 75,600

1335 255 67,170

1360 246 66,480

1385 240 66,600

1410 230 63,700

1435 222 62,820

1460 216 62,160

1485 214 62,370

1510 210 61,500

1540 200 59,200

From the table, we can see that the maximum profit is obtained at a price of £1210, which gives a profit of £141,600. The optimal demand at this price is 390 units.

Interpretation: The company can maximize its profit by setting the price of the electric bicycle at £1210, and the optimal demand at this price is 390 units. The company can earn a profit of £141,600 if it sells 390 electric bicycles at this price.

If the supply cost of each electric bicycle is £250, then the profit function becomes:

Profit = (sale price - £250 - £740) * demand

Profit = (sale price - £990) * demand

Using the same method as before, we can calculate the profit for each price level:

Price (£) Demand Profit (£)

1150 415 157,450

1185 405 169,950

1210 390 177,300

1235 380 181,300

1260 345 174,150

1285 302 146,890

1310 270 110,250

1335 255 96,525

1360 246 95,040

1385 240 95,400

1410 230 92,400

1435 222 91,512

1460 216 90,720

1485 214 91,422

1510 210 89,100

1540 200 85,600

The maximum profit is obtained at a price of £1210, which gives a profit of £177,300. The optimal demand at this price is 390 units.

Interpretation: If the supply cost of each electric bicycle is reduced to £250, then the optimal price remains the same as before at £1210. However, the maximum profit increases to £177,300, which is an increase of £35,700 compared to the previous scenario.

If the supply cost of each electric bicycle is £950, and the company decides to set the price less than £1300, then we can repeat the above process to find the optimal price and profit.

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what's 5 plus 5 guys I'm so tired

Answers

Answer: it think 10

Step-by-step explanation:

and Get some sleep bro

Answer: 10

Step-by-step explanation:

5+5=10

Peter recorded the snowfall each winter in New York for the last 4 years. He predicts that the snowfall change from year 4 to year 5 will be twice as much as the change was from year 3 to year 4. Plot ONE point on the graph that could represent Peter’s prediction for the snowfall in New York in year 5.

Plot the point on the coordinate grid below. You must graph the specified number of points; any other graphed points will cause all points to be scored as incorrect.

Answers

The snowfall change is plotted on the graph attached with the answer below.

What is coordinate geometry?

A coordinate plane is a 2D plane that is formed by the intersection of two perpendicular lines known as the x-axis and y-axis. A coordinate system in geometry is a method for determining the positions of the points by using one or more numbers or coordinates.

Given that Peter recorded the snowfall each winter in New York for the last 4 years. He predicts that the snowfall change from year 4 to year 5 will be twice as much as the change was from year 3 to year 4.

Let the snowfall in years 3 to 4 is (2,0) so it will be in year 4 to 5 will be (4,0). Plot the two points on the graph. The graph is attached with the answer below for better understanding.

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A catapult launches a pumpkin from the base of a hill.

Answers

The height of the pumpkin is 5.7 m.

What is the height of the pumpkin?

The height of the pumpkin is calculated by applying the following formula.

y = -0.1x² + 4.9x

where;

y = 0.9x

Now, our new equation becomes;

0.9x = -0.1x² + 4.9x

re-arrange the equation, and solve for x

0.1x² = 4.9x - 0.9x

0.1x² = 4

x² = 4 / 0.1

x² = 40

x = √ ( 40 )

x = 6.32

The height of the pumpkin = 0.9x = 0.9 x 6.32 = 5.7 m

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Help me asap and need the answer quick

Answers

Answer:20 m/s

Step-by-step explanation:

Answer:

20 m/s

Step-by-step explanation:

700 ÷ 35 = 20 m/s

calculate the measure of x

Answers

The measure of x use Pythagorean Theorem

1. x= 15

x= 26x= 7.6

About Pythagorean Theorem

Th Pythagorean theorem only applies to right triangles. This is the same as explained in the Pythagorean Theorem Module which states that for each right triangle, the area of the square on the hypotenuse is equal to the sum of the areas of the squares on the other side or the sides of the right angle.

Meanwhile, there is the opposite of the Pythagorean theorem which functions to determine the type of triangle if the lengths of the sides are known. The types of triangles include:

A right triangle is a triangle in which one of the angles is a right angle or equal to 90 degrees. An acute triangle is a triangle in which all three angles are acute or less than 90 degrees. An obtuse triangle is a triangle in which one of the angles is obtuse or measures more than 90 degrees.

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