Consider the monthly payment formula M=Pr(1+r)^n/(1+r)^n-1. what is the name of the formula you get if you solve for P? what about if you solve for n? what special function do you need to use when solving for n?

WRITTEN RESPONSE QUESTION PLEASE ANSWER ASAP WILL AWARD BRAINLIEST.

Answers

Answer 1

Answer:

0.0061

Step-by-step drip check:

Answer 2

The name of the formula you get if you solve for P could be "Principal (loan amount)" "Term of the loan (in months)" or "Number of monthly payments"

Logarithms;

[tex]n = \dfrac{ ln[1 - \dfrac{Pr}{M} ]}{ln(1+r)}[/tex]

What is Monthly Payment Formula?

Consider the monthly payment formula

[tex]M= \dfrac{Pr(1+r)^n}{(1+r)^n-1}[/tex]

where: M = monthly payment.

P = principal loan amount.

r = interest rate per month (in decimal form).

n = term of the loan (in months).

If we will solve for P, the name of the formula is "Principal (loan amount)".

If we solve for n, the formula is "Term of the loan (in months)" or "Number of monthly payments".

When solving for n, we have to use logarithms:

[tex]M (1+r)^n-1=Pr(1+r)^n\\\\\dfrac{1}{ (1+r)^n} = 1 - \dfrac{Pr}{M} \\\\ln\dfrac{1}{ (1+r)^n} = ln[1 - \dfrac{Pr}{M} ]\\\\\\n = \dfrac{ ln[1 - \dfrac{Pr}{M} ]}{ln(1+r)}[/tex]

Learn more about monthly payments questions;

https://brainly.com/question/29766847

#SPJ2


Related Questions

Ariana went shopping for a new video game. The listed price of the video game was
$36, but the price with tax came to $37.08. Find the percent sales tax.

Answers

Answer:

I think it should be around 0.03%

Step-by-step explanation:

hope that helps:)))

Answer:

3%

Step-by-step explanation:

A frog is sitting exactly in the middle of a board that is five feet long. Every ten seconds he jumps one foot to the left or one foot to the right, at random. You want to use simulation to estimate the probability that he jumps off the board in sixty seconds or less. (For example, if he jumps LLRLRL, he is still on the board, on the left-most square. If he jumps LLRLL, he has jumped off the board in fifty seconds.)

Required:
Describe how you would use the digits of a random number table to carry out this simulation.

Answers

Answer:

Since the Frog makes a Jump every 10 seconds

   ( using the digits on a random number table )

It will take 7 jumps with 2 jumps in reverse direction i.e. either left or right for the frog to be off the board in 60 seconds it will take 3 jumps in similar direction as well to get the frog off the board also 5 jumps with 1 jump in the opposite direction is what it will take to get the frog off the board as well within the time frame of 60 seconds

Step-by-step explanation:

A frog sitting exactly in the middle of a board which is 5ft long : frog is 2.5 ft from the edge of the board

every 10 seconds the frog jumps ; L or R

If he jumps ; LLRLRL ( still on Board on the left-most square )

if he jumps ; LLRLL ( He is off the Board in fifty seconds )

Since the Frog makes a Jump every 10 seconds

   ( using the digits on a random number table )

It will take 7 jumps with 2 jumps in reverse direction i.e. either left or right for the frog to be off the board in 60 seconds it will take 3 jumps in similar direction as well to get the frog off the board also 5 jumps with 1 jump in the opposite direction is what it will take to get the frog off the board as well within the time frame of 60 seconds

Erica wants to save $189 for a trip to an amusement park. She sets aside $14 of her allowance at the end of each week. How many weeks will it take her to save enough money for the whole trip?

Answers

Answer:

48 weeks

Step-by-step explanation:

189 / 14 = 47.25

If she doesnt get the allowance until the end of the week then she can't have .25 of a week.

Why is a bond with a higher interest rate often considered a higher risk investment?

a.More secure bonds have higher interest rates.
b.A higher interest rate means a higher rate of return on the investment.
c.A higher interest rate would provide too much of a return on the investment.
d.Some companies promise higher interest rates in order to attract the attention of investors.

Answers

Answer:

Some companies promise higher interest rates in order to attract the attention of investors.

Step-by-step explanation:

The correct option is (d) : Some companies promise higher interest rates in order to attract the attention of investors.

What are the bonds?

Bonds are investment securities where an investor lends money to a company or a government for a set period of time, in exchange for regular interest payments.

Once the bond reaches maturity, the bond issuer returns the investor’s money.

Interest rate risk is the overall change in interest rate which reduce the value of a bond.

As interest rates rise, bond prices fall, and vice versa.

Interest rate risk is measured by an incomes' security in a long term goal.

Interest rate risk can be reduced through the bond maturities or hedged using interest rate derivatives.

So,  some companies promise higher interest rates in order to attract the attention of investors.

Hence, some companies promise higher interest rates in order to attract the attention of investors. The option (d) is correct.

To know more about the bonds;

https://brainly.com/question/3903036

#SPJ6

A wholesale distributor of packaged nuts sells two different mixes of peanuts and cashews, mix A and mix B. Each package of mix A nuts contains 8 ounces (oz.) of peanuts and 4 oz. of cashews. Each package of mix B nuts contains 6 oz. of peanuts and 6 oz. of cashews. Let x represent the number of packages of mix A nuts and let y represent the number of packages of mix B nuts. No more than 120 oz. of peanuts and no more than 96 oz. of cashews can be used each day. Which graph represents the numbers of packages of mix A and mix B that can be produced?

Answers

Answer:

The answer is below

Step-by-step explanation:

Let x represent the number of packages of mix A nuts and let y represent the number of packages of mix B nuts

Since 8 ounces (oz.) of peanuts is used to produce a package of mix A and 6 ounces (oz.) of peanuts is used to produce a package of mix B. Also, No more than 120 oz. of peanuts can be used each day. This can be represented by the inequality:

8x + 6y ≤ 120             (1)

4 ounces (oz.) of cashew is used to produce a package of mix A and 6 ounces (oz.) of cashew is used to produce a package of mix B. Also, No more than 96 oz. of peanuts can be used each day. This can be represented by the inequality:

4x + 6y ≤ 96            (2)

The inequality from equation 1 and equation 2 is graphed using geogebra online graphing.

If x, y ≥ 0, the solution to the problem is:

(0, 0), (0, 16), (15,0), (6, 12)

Please help me ASAP.

Answers

Answer:

I belive the anwser is 4x + 16

Step-by-step explanation:

I need help on math because my teacher won't help me​

Answers

I don’t see problem
Send the question and I can help you

please help on the last question im gonna do 40 points

Answers

i believe number 5 is c and number 6 is f

-45 = -9w PLS HELPPPPPPPPPPPP its multipication btw

Answers

Answer: w=5 .

Step-by-step explanation: divide -9 on both sides which gives you 5 .So w=5 .

Answer:

-5

Step-by-step explanation:


What is the area of the triangle?

Answers

Answer:

15/2

Step-by-step explanation:

Hello,

the area of a triangle is b*h/2

we can set BC as the base because AC is harder to calculate.

Then we draw an imaginary height.

There's no way to really explain, but the height would be 5 here, since 3 - -2 = 5

The base is 3

3*5/2 = 15/2

Thanks,

lacampanella

Which values of a, b, and c are possible?
A=6,b=1,c=pi/3
A=6,b=3,c=pi
A=3,b=1,c=pi/3
A=3,b=6,c=pi

Answers

Answer:

A=6,b=1,c=pi/3 I think I'm not sure tho

Step-by-step explanation:

I don't know

find sinx given cos2x=5/9

Answers

Answer:

sinx = √2/3

Step-by-step explanation:

cos2x = 1-2sin²x

5/9 = 1-2sin²x

2sin²x =1-5/9

2sin²x = 4/9

sin²x = (4/9)/2

sin²x = (4/9)*(1/2)

sin²x = 2/9

sinx = √2/3

Pls help urgently extra points and mark brainlist easy reading

Answers

Answer:

reduce

Step-by-step explanation:

Antonym means the opposite of a word.

increase means to make greater in size and reduce means to make smaller in size

Answer:

reduce

Step-by-step explanation:

yep

1,000+1,000= so 0 + 0 is 0 then 0 again then 1+1= 2 so 2,000

Answers

Answer:

Yes 1,000 + 1,000 = 2,000

Step-by-step explanation:

Because 1 + 1=2, 10 +10 =20, 100 + 100 = 200. So 1000 + 1000 = 2000

Also 0 + 0 = 0

 1000

+1000

⁻⁻⁻⁻⁻⁻⁻⁻⁻⁻

2000

Answer:

2,000

Step-by-step explanation:

I don't get how you got that answer it's way harder than it should be the easy way is 1,000+1,000=2,000 (1+1)= 2 then you carry the three zeros over I know it's saying the same thing but how you done it takes way to long

Jolie consumed 15 grams of protein for breakfast, which is of the total amount of protein her doctor 3 10recommends that she consume per day. How many grams of protein does Jolie’s doctor recommend she consume per day?

Answers

Answer:

I think 20.67

Step-by-step explanation:

sorry if im rong hopes if it helps

310/15 = 20.67

Jolie’s doctor recommends she consume 50 grams of protein per day.

What is fraction?

An element of a whole is a fraction. The number is represented mathematically as a quotient, where the numerator and denominator are split. Both are integers in a simple fraction. A fraction appears in the numerator or denominator of a complex fraction. The numerator of a proper fraction is less than the denominator.

Given;

Jolie consumed 15 grams of protein for breakfast,

which is 3/ 10 of the total amount of protein her doctor recommends that she consume per day.

To find the protein amount in a day:

Let n be the amount of protein.

n = 15 ÷ 3/10

n = 15 x 10 /3

n = 150/3

n = 50 grams.

Therefore,  50 grams of protein, Jolie’s doctor recommends she consume per day.

To learn more about the fractions;

https://brainly.com/question/10354322

#SPJ2

Find the length median of the trapezoid( 20 points and brainliest if answered)

Answers

Answer:

1. 36

2. 16

amdmkfefm

96 quarts =how many gallons

Answers

Answer:

24 gallons

Step-by-step explanation:

4 quarts in a gallon. 96/4 = 24

I hope this helps!

Answer:

24 gallons

Step-by-step explanation:

4 quarts = 1 gallon

So 96 quarts = 24 gallons

Find the value of x that makes quadrilateral FGHI a parallelogram.
Н
G
3x+90
6x-96
I
F
X =

Answers

Answer:

CANNN U PLS HELP ME ON MY TEST THING PLSS I ONLY HAVE 5 MIN

Step-by-step explanation:

Include a Claim, Evidence, Explanation, and Conclusion for full credit.

Cells were obtained from a patient with a viral infection. The DNA extracted from these cells consisted of two forms: double-stranded human DNA and single-stranded viral DNA. The base composition of these two forms of DNA are shown in the image.

Construct an argument based on evidence to determine which form was the viral DNA and which form was the human DNA.

2x+10= 5x-17 hurry is for a test

Answers

Answer: X= 9

Explanation

Answer:

X is 9

Step-by-step explanation:

Gio ran 5 miles yesterday. This distance is 80% of the distance he planned to run.
How far did he plan to run? *

Answers

Answer:

Gio planned to 6 miles.

Step-by-step explanation:

this is because  5 - 80% = 1

which means he wanted to run 1 more mile

which also means that he planned to run 6 miles

He planned to run 6 miles

Syrus is 12 years old and has a younger sister, Samira, who is 6 years old. Syrus says, "Our ages are in a
proportional relationship because I am two times as old as my sister."
Is Syrus correct? Justify your answer.

Answers

Answer:

no

Step-by-step explanation:

that is because syrus's age only increases instead of 2 each year, so their ages wont stay in propotion for another year. samira will be 7 and syrus will be 13.

syrus age[]  samira age

12             []  7

13             []  8

14             [] 9

15             []10

16             []11

17             []12

What are the largest numbers for each of the following sums of three consecutive numbers: n Correct answer is brainliest

Answers

Answer:

so where are the 3 consecutive numbers?

For her phone service, Melissa pays a monthly fee of $16, and she pays an additional $0.06 per minute of use. The least she has been charged in a month is $93.22. What are the possible numbers of minutes she has used her phone in a month? Use m for the number of minutes, and solve your inequality for m.​

Answers

Answer:

1287

Step-by-step explanation:

93.22-16=77.22

77.22 devided by 0.06=1287

I need help with slopes from two points as soon as possible please if anyone could help

Answers

Answer:

m = −  2 /5

Step-by-step explanation:

Evaluate the piecewise function at the given values of the independent variable.

Answers

Answer:

14

Step-by-step explanation:

no explanition

It’s 14 welcome have day

Angel and Brandon have 13 cookies. If they share the cookies equally, how many cookies would each person get?

Answers

the half of the cookie

Answer:

7 & 1/2 each, or 7 each with 1 left over

Step-by-step explanation:

Not sure if this is the answer you're looking for, but I hope this helps!

The sum of my three digits is 13. My first digit
is 2 and my last digit is a multiple of 5. What
number am I?

Answers

Answer:

Step-by-step explanation:

Comment

The sum of the digits is 13.

The first digit is 2

The last digit is 0 or 5

Can it be zero?

2 + _ + 0  = 13

2 + 0  _ x = 13                  Subtract 2 from both sides

2 - 2 + 0 + x = 13 - 2        Combine

x = 11

No there is no such thing as a digit is value is 11. So the last digit is 5

2 + __ + 5 = 13

7 + x = 13                          Subtract 7 from both sides

7-7 + x = 13 - 7                 Combine

x = 6

The middle number is 6

Answer: I am 265

If the blue lines are parallel, what is the value of x?

Answers

Answer:

37

Step-by-step explanation:

3x=x+74

2x=74

x=37

5(2t-3)-7.5t=0.5(12-t)

Answers

Answer:

=10t-6-7.5t = 6-0.5t

= 2.5t- 6 = 6-0.5t

= 2.5t+0.5t = 6+6

= 3t = 12

= t = 12/3

t = 4

Therefore the answer is 4

Need ASAP pls only answer if ur confident

Answers

Answer:

no

Step-by-step explanation:

Answer:

D. 324 m²

Step-by-step explanation:

Surface area is:

2(6*5 + 6*12 + 5*12) = 324 m²

Correct option is D

Other Questions
please help, anyone!!"Any person haled into court, who is too poor to hire a lawyer, cannot be assured a fair trial unless counsel is provided for him."Mr. Justice Hugo Black in Gideon v. WainwrightThis quote shows that, because of Gideon v. Wainwright,Select one:a. suspects who cannot afford lawyers have to prepare their own defensesb. government must provide a lawyer to a suspect who cannot pay for onec. suspects who cannot afford lawyers do not have to go through a triald. government must provide a lawyer only to a suspect who can pay How did westward expansion lead to increased conflicts between the North and South over slavery? What compromises did the North and South attempt to make? Which of the following 1/6 is closest to?1/210 What is the unknown value What is the marginal cost of buying the black head wraps ?They are $2.00 and buy one get one 50% off Useful words and phrases Hi can anyone help me with this and explainQuestion: Brian likes to feed the ducks.The first day he uses 2 slices of bread.The second day he uses 6 slices of bread.If this pattern continues,how many slices of bread will he use on the tenth day? and why please explain. Ben's Sports sells golf tees from a barrel by the scoop. The golf tees come in 5 bright colors mixed in the barrel. To determine what to charge for each scoop, Ben weighed 15 scoops. The weight of each scoop is shown in the line plot below. Use the line plot to answer the questions. Help me!!!??? Now!!!!!!!!!! Reflections from the Map of Asia (focus on Japan):can someone please help im kinda confused Explain the symbiotic relationship of a coyote that eats a rabbit.A coyote eating a rabbit is an example of....I think this because.. ) The House of Burgesses and the Mayflower Compact both reflect the ideas of _________ that theWestern Europeans brought with them to the New World Describe the four general areas included in the study of finance. Why is it important for a person who works in the financial markets to understand the responsibilities of a person who works in managerial finance? Please help!! 15 Points!!!! What was one thing the womens rights movement of the 1960s was fighting for?(1 point)equal treatment at worksegregationthe right to votefair wages for farm workers It's D, all real numbers greater than or equal to -3i got %100 in the test 6.5472 rounded to the hundredths place Fill in the blank.1. Due to the thick and viscous material in the asthenosphere, the liquid is called2. is reached when areas of the lithosphere stop rising.3. A change in density occurs as a result of compression.Respond to the following based on your reading.4. What happens in the theory of isostasy? Using the figure below, solve f(x) = g(x) for x .yg4.812.82.145.26.16.9 8Enter the exact answers in increasing order.X=X= y = 6x - 173 - = -30