How much will Molly’s monthly payment be using the Bankrate calculator?.

Answers

Answer 1

Molly’s monthly payment by using the Bankrate calculator is $286 per month.

It is given that

The downpayment Molly has = $2500.

Interest rate APR = 1.9%

Cash allowance by dealer = $500

Selling price = $25,495

Loan tenure N= 7 years

Amount of loan needed = 25495-2500-500 = $22495

What is Equated monthly payment(EMI)?

An equated monthly installment (EMI) is a set monthly payment provided by a borrower to a creditor on a set day, each month.

The EMI or monthly payment will be calculated by the following formula,

[tex]EMI = \frac{P.\frac{APR}{12} .(1+\frac{APR}{12})^N }{(1+\frac{APR}{12})^N-1 }[/tex]

Put APR =0.019(decimal value of APR)

N = 7

EMI = $286 per month.

Therefore, Molly’s monthly payment by using the Bankrate calculator is $286 per month.

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Related Questions

Complete the table below: Show all your work.

Answers

y = (-2) - 6 = -8

y = (-1) - 6 = -7

y = (0) - 6 = -6

y = (1) - 6 = -5

y = (2) - 6 = -4

-2 = -8

-1 = -7

0 = -6

1 = -5

2 = -4

Suppose that a family wants to start a college fund for their child. if they can get a rate of 5.2%, compounded monthly, and want the fund to have a value of $55,500 after 20 years, how much should they deposit monthly? assume an ordinary annuity and round to the nearest cent. a. $131.93 b. $2,662.49 c. $1,643.30 d. $3,446.64

Answers

The ordinary annuity is $135.40

We have given that the

P=55500$

rate(r)=5.2%

time (t)=20 years

What is the formula for the ordinary annuity ?

The formula for ordinary annuity is:

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

Where,P - future value

r - rate

A - annuity payment

n - the number of years

Use the given value in the above formula of ordinary annuity so we get,

[tex]55000 = A ((1 + 0.052)^{20} - 1) / 0.052[/tex]

[tex]55000 = A * ((1.052)^{20} - 1) / 0.052[/tex]

[tex]55000 = A * (2.76 - 1) / 0.052[/tex]

[tex]55000 = A * 1.76 / 0.052[/tex]

[tex]55000 = A * 33.85[/tex]

[tex]A = 55000 / 33.85[/tex]

[tex]A = 1624.82[/tex]

Therefore the annual payment(A)=1624.82 and since year has 12 months, monthly payment is

[tex]1624.82 / 12 = $135.40[/tex]

Therefore we get the ordinary annuity is $135.40

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Answer:

a) 131.93

Step-by-step explanation:

13u = 26 is it 39, 338 , or 2

Answers

Answer:

13u = 26

13*2 = 26

2 is the answer

Answer:

Today: Monday, 12 October 2020

Hour: 09.17 WIB (in Indonesian)

_________________________

13u = 26

u = 26/13

u = 2

The cost to rent a bike is $28 for the first day plus $2 for each day after that. Write an explicit formula for the rental cost for n days. What is the cost of renting the bike for 8 days?

Answers

Answer:

42

Step-by-step explanation:

The explicit formula for the rental cost is  =+. The cost of renting a bike for 2 days is $42.

The equation for the rental cost for n days will be 28 + 2n.

Based on the information given, the explicit formula for the rental cost for n days will be:

= 28 + (2 × n)

= 28 + 2n

Therefore, the cost of renting the bike for 8 days will be:

= 28 + 2n

= 28 + 2(8)

= 28 + 16 = 44

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Given f(x) = 9x - 10, find f(8) *

Answers

Answer:

[tex]\huge\boxed{f(8) = 62}[/tex]

Step-by-step explanation:

[tex]\sf f(x) = 9x-10\\\\Put\ x = 8\\\\f(8) = 9(8) -10\\\\f(8) = 72-10\\\\f(8) = 62\\\\\rule[225]{225}{2}[/tex]

Hope this helped!

~AnonymousHelper1807

Answer:

f(8) = 62

Step-by-step explanation:

To evaluate f(8) substitute x = 8 into f(x) , that is

f(8) = 9(8) - 10 = 72 - 10 = 62

A hoodie has an original
cost of $40 but is currently on
sale at 20% off. What is the
sale price of the hoodie?

Answers

Answer:

32

Step-by-step explanation:

take $40, multiply by .8 since 20% is the sale

%20 of $40 is $8 and 40-8 is 32. $32

In an obstacle course, participants climb to the top of a tower and use a zip line to travel across a mud pit. The zip line extends from the top of a tower to a point on the ground 60 feet away from the base of the tower. The angle of elevation of the zip line is 20°. Estimate the length of the zip line to the nearest tenth of a foot.

about 63.9 ft

about 21.8 ft

about 175.4 ft

about 164.8 ft

Answers

Using relations in a right triangle, it is found that the length of the zip line is of about 63.9 ft.

What are the relations in a right triangle?

The relations in a right triangle are given as follows:

The sine of an angle is given by the length of the opposite side to the angle divided by the length of the hypotenuse.The cosine of an angle is given by the length of the adjacent side to the angle divided by the length of the hypotenuse.The tangent of an angle is given by the length of the opposite side to the angle divided by the length of the adjacent side to the angle.

In this problem, the hypotenuse is the length of the line, considering that the base of 60 ft is adjacent to the angle of 20º, hence:

[tex]\cos{20^\circ} = \frac{60}{l}[/tex]

[tex]l = \frac{60}{\cos{20^\circ}}[/tex]

[tex]l = 63.9[/tex]

The length of the zip line is of about 63.9 ft.

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Simplify this expression: One-half k squared + g minus 3 + one-half k squared minus 3 + 2 g k2 + 3g – 6 One-fourthk2 + 3g 3g + 9 k2 – 3

Answers

Answer:

The answer is A, k2 + 3g – 6

Step-by-step explanation:

did the assignment on edge2020

A:

Simplify this expression:  One-half k squared + g minus 3 + one-half k squared minus 3 + 2 g

1. Square roots are the____of perfect squares. ( i really need help like now plz )

Answers

Answer:

opposite

thats the answer

Answer: Whole number (I think)

Step-by-step explanation: Sorry if I am wrong..

(Sorry I am wrong lol)

Find the value of c-7 when c= 20.

Answers

Answer:

13

Step-by-step explanation:

13
hopefully that helps :)

Solve the inequality x +1<5

Answers

Answer:

x<4

Step-by-step explanation:

x+1<5x<5-1x<4 answer.

One card is drawn from a deck of 52 cards,well-shuffled .calculate the probability that the card will be diamond.

Answers

Answer:

52/4 which is 13, so 13/52 which is .25, so 25% chance

ANSWER FOR POINTS just doing this for people who dont know alot

Answers

Answer:

Thanks for the points! <3

Suppose you are mixing
blue paint and yellow point
in a 2:3 ratio to make green
paint. How many pails of
blue paint would you need
If you use 30 pails of yellow
paint?

Answers

Answer:

20

Step-by-step explanation

I have no clue how to explain this.

who wants brainyst :)

Answers

Answer:

[tex]\sf 23\frac{1}{3} \ cups \ of \ water[/tex]

explanation:

1 hour → [tex]\sf 1\frac{2}{3} \ cups \ of \ water[/tex]

14 hours → [tex]\sf (1\frac{2}{3} *14) \ cups \ of \ water[/tex]

14 hours →  [tex]\sf 23\frac{1}{3} \ cups \ of \ water[/tex]

Answer:-

Given :-

Drinks 1 ⅔cup for 1 hr of exerciseHe did 14 hrs of exercise in full month

Solution:-

According to questions ( unitary method)

[tex]1hr - > 1\frac{2}{3} cups = \frac{5}{3} cups\\ so - > \\ 14hrs - > \frac{5}{3} \times 14 \: cups \\ 14hrs - > \frac{70}{3} = 23 \frac{1}{3} cups[/tex]

So :- Option B :- 23 ⅓ cups of water

Ima dumb child please help meh :

Answers

Answer:

what can not see nothing

Step-by-step explanation:

(-4×√1/16÷0.5) and (3+(-5))²

Answers

you answer is this 364. 41

your welcome

have a good day or night

Answer:

3.5

Step-by-step explanation:

100 POINTS!!!

If you have a line perpendicular to the line given by the equation


, what would be the slope of the perpendicular line?

EXPLAIN

Answers

Answer:

A.

Step-by-step explanation:

The slope of a perpendicular line is the negative reciprocal of the original  line.

Negative reciprocal of -4/5 is 5/4

Can someone please explain how to answer no​​​​​​8 and​ no​​​9?

Answers

Answer:

no8 is a and no9 is b

Which expression is equivalent to 6 Superscript 4 times 6 cubed? (6 times 6 times 6 times 6) (6 times 6 times 6) (6 6 6 6) times (6 6 6) (6 times 6 times 6 times 6) times (6 times 6 times 6) (6 times 6 times 6 times 6 times 6) times (6 times 6 times 6 times 6).

Answers

The expression which is equivalent to 6 Superscript 4 times 6 cubed and posses same value as this expression is,

[tex]6\times6\times6\times6)\times6[/tex]

What is the equivalent expression?

Equivalent expressions are the expression whose result is equal to the original expression, but the way of representation is different.

The given statement for the expression is 6 Superscript 4 times 6 cubed. This expression cab be written as,

[tex]6^4\times6[/tex]

Suppose the equivalent expression of this equation is n. Thus,

[tex]n=6^4\times6[/tex]

The 4 power of number 6 means that the number 6 should be multiplied 4 times.

[tex]n=(6\times6\times6\times6)\times6[/tex]

Hence, the expression which is equivalent to 6 Superscript 4 times 6 cubed and posses same value as this expression is,

[tex]6\times6\times6\times6)\times6[/tex]

Learn more about the equivalent expression here;

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Answer: (6.6.6.6).6

Step-by-step explanation:

Picture I drew of custom made re animated sasuke eye

Answers

Answer:

[tex]five[/tex] [tex]stars![/tex]

★ ★ ★ ★ ★

Alaska is the largest state in the United States. The state has an area of approximately 663,000 square miles. Rhode Island is the smallest state in the United States, with an area of approximately 1,000 square miles. Currently, the populations of Alaska and Rhode Island are 732,000 people and 1 million people, respectively. If Alaska had the same number of people per square mile as Rhode Island, what would its population be? In two or more sentences, explain your calculations and conclusions.

Answers

Answer:

663 Million people

Step-by-step explanation:

If you divide alaska into rhode island its 663 rhode islands in alaska, then theres 663 people in alaska fi the populations were the same


The line nm is drawn parallel to the base BC in the triangle ABC . if the m<1=51 , find the m<2

Answers

Answer:

m∡2 is 51

Step-by-step explanation:

The parallel line creates two similar triangles.

Similar triangles with congruent angles

Also, the parallel line creates two corresponding angles.

Corresponding angles are also congruent

Unit test in science if you took it. It's question 10 four students measure the length of a paperclip whose actual length is 3.2 cm. Whose measurement is precise but not accurate? IS IT A OR B I DONT KNOW A.Samuel: 2.7, 2.7, 2.7, 2.8 B. Jose: 2.2, 2.6, 3.0, 3.3 C. Nikita: 3.1, 3.1, 3.2, 3.2 D. Anne: 2.6, 3.2, 3.2, 3.6

Answers

Answer: A.Samuel: 2.7, 2.7, 2.7, 2.8

Step-by-step explanation:

Given that actual length = 3.2cm

Samuel's score is precise but inaccurate. This is because, each of Samuel's four measurements are close to each other even though it lacks accuracy, because it is a bit far from the actual value of the measurement. Hence, of the measurements given for each of Samuel, Nikita, Jose and Anne, Samuel's score exhibits precision but inaccurate. Nikita's score is both precise and accurate

Plz, Help Me!!!!
Solve: f(x)=(-)x-5
And tell me how to solve it.

Answers

Answer:

listen to your teacher for once mabey that will help?

Step-by-step explanation:

Math questions :D
(part 2 of yesterday's history questions)
(these questions are easy cuz I couldn't find any hard ones)

1. What is the perimeter of a circle called? Show answer.
2. What is the square root of 144?
3. Can Pi be written as a fraction
4. What is 64 divided by 8?
5. Which number is greater, a googol, or a quadrillion?

Answers

Answer:

1.pi times the radius squared

2. 12

3. Yes

4. 8

5. a googol

Step-by-step explanation:

Question #1 Answer:

Question #2 Answer:

12

Question #3 Answer:

22/7 I believe is the closest fraction.

It is irrational by definition and cannot be expressed as a fraction. But there are a few close approximations.

Pi is not a fraction. A close approximation to pi, on the other hand, is 22/7.

Question #4 Answer:

8

Explanation:

Based on the given conditions, formulate:

[tex]64/8[/tex]

Calculate

[tex]\frac{64}{8}[/tex]

Cross out the common factor

[tex]8[/tex]

I can figure out the rest once I get back home. I'm sorry I ran out of time.

Your friend claims the uneven parallel bars in gymnastics are not really parallel. She says one is higher than the other, so they cannot be the same plane. Is she correct? Explain
A. Yes; the two bars actually form skew lines
B.no ; the bars are in different planes, but they are still parallel
C. Yes; the bars are not parallel bc they are in different planes
D.no; the bars are in the same plane that is slanted with respect to the horizontal

Answers

Answer:

B

Step-by-step explanation:

Because parrallel means they will never intersect so there for i got B. Hope i was helpful.

Aldo drove 845 miles in 13 hours.
At the same rate, how long would it take him to drive 325 miles?

Answers

Answer:

5 hours

Step-by-step explanation:

time per mile = number of hours ÷ number of miles

                      = 13 ÷ 845

                      = 1/65 hours per mile

time to drive 325 miles = 325 × time per mile

                                       = 325 × 1/65

                                       = 5 hours

find the value of 8
[tex] {8}^{3} [/tex]

Answers

THE VALUE OF 8 CUBED IS 512
your gonna need to do 8 times 8 times 8 would be 512

An object is moving at a speed of 3 meters per minute. Express this speed in miles per year.

Answers

Answer:

979.78.

Step-by-step explanation:

Answer:

979.78

Step-by-step explanation:

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