Suppose that Marlie had decided to apply for a private loan rather than a federal loan. She has

been offered a private loan for 10 years with an APR of 7.8%.

a. Determine her monthly payment.

b. What is the total amount she will pay back?

c. What is the total interest amount?

Answers

Answer 1

Using simple interest, and considering a loan of $5,000, it is found that:

a) Her monthly payment is of $74.17.

b) She will pay back $8,900.

c) The total interest amount is of $3,900.

The amount of money after t years in simple interest is modeled by:

[tex]A(t) = A(0)(1 + rt)[/tex]

In which:

A(0) is the initial amount. r is the interest rate, as a decimal.

In this problem:

The loan is of $5,000, hence [tex]A(0) = 5000[/tex].The APR is of 7.8%, hence [tex]r = 0.078[/tex]10 years, hence [tex]n = 10[/tex]

Item b:

[tex]A(10) = 5000[1 + 0.078(10)] = 8900[/tex]

She will pay back $8,900.

Item a:

$8,900 will be paid in 10 x 12 = 120 months, hence:

[tex]M = \frac{8900}{120} = 74.17[/tex]

Her monthly payment is of $74.17.

Item c:

Loan of $5,000, pays back $8,900, hence:

8900 - 5000 = 3,900

The total interest amount is of $3,900.

A similar problem is given at https://brainly.com/question/13176347


Related Questions

Find the number that makes the ratio equivalent to 1:8.
9:

Answers

Answer:

Step-by-step explanation:

no i will nt help u cheat on your test

the answer is 2:16 because you can multiply both sides by 2

Teresa piano recital starts at 2:41 p.m. It ended at 6:36 pm how long did the recital last

Answers

Answer:

way too long

Step-by-step explanation:

jk, 3 hours and 55 minutes

Put the following numbers in order on the number line below.
1/2
1 1/2
3/5
1/4
1 3/4
1 1/4
7/8

Answers

Answer:

1/4

1/2

3/5

7/8

11/4

13/4

11/2

2/3x + 7 = -1/5x + 3

Answers

if there is any doubt leave a comment

Kylie has lemon and watermelon in a ratio of 10:71. How many watermelon does she have if she has 20 lemons

Answers

Answer:

142 watermelon

Step-by-step explanation:

10/71 = 20 / w

w = 20(71/10) = 142

Let
f
and
g
be defined by
f
:
x

3
x

1
)

a
n
d
\(
g
:
x

2

5
x
. Find
f
o
g
(
2
)

Answers

Answer:

Solution

verified

Verified by Toppr

f,g:R→R is defined as

f(x)=x+1

g(x)=2x−3

Now, (f+g)(x)=f(x)+g(x)=(x+1)+(2x−3)=3x−2

∴(f+g)(x)=3x−2

Now, (f−g)(x)=f(x)−g(x)=(x+1)−(2x−3)=x+1−2x+3=−x+4

∴(f−g)(x)=−x+4

(

g

f

)(x)=

g(x)

f(x)

,g(x)

=0,x∈R

∴(

g

f

)(x)=

2x−3

x+1

,2x−3

=0 or 2x

=3

∴(

g

f

)(x)=

2x−3

x+1

,x

=

2

3

Write a recursive formula for a_n the n^th term of the sequence 36, 6, 1, ....

a_1=


a_n=

Answers

Answer:

you plus them together then you get 42 out of your number you close during / N which is 3 to get your final answer thank

please help to find an explicit formula for calculating the sum Mn

Answers

The explicit formula for calculating the sum is

[tex]S_N=\frac{n(n-1)}{2} \cdot\frac{n(n+1)}{2}[/tex]

The sum of the nth term of a sequence is expressed as;

[tex]S_n=\frac{n}{2}(2a+(n-1)d)[/tex]

a is the first term

d is the common difference

n is the number of terms

For the sequence  0 + 1 + 2 + 3  +...

[tex]S_n=\frac{n}{2}(2(0)+(n-1)1)\\S_n= \frac{n}{2}(n-1)\\S_n= \frac{n(n-1)}{2}[/tex]

Similarly for the sequence:

1 + 2+ 3 + 4+...

[tex]S_n=\frac{n}{2}(2(1)+(n-1)1)\\S_n= \frac{n}{2}(2+n-1)\\S_n= \frac{n(n+1)}{2}[/tex]

Taking the product of the sum to get the explicit formula for calculating the sum

[tex]S_N=\frac{n(n-1)}{2} \cdot\frac{n(n+1)}{2}[/tex]

Learn more here: https://brainly.com/question/24547297

At State College last term, 63 of the students in a Physics course earned As, 85
earned Bs, 123 got Cs, 84 were issued Ds, and 64 failed the course. If this grade
distribution was graphed on a pie chart, how many degrees would be used to indicate
the B region?

Answers

Answer:

a

Step-by-step explanation:

25+30=15x+10x

solve for X​

Answers

Answer:

X=11/5

Step-by-step explanation:

Hope your cheating is nice

Answer:

[tex]x=\cfrac{11}{5}[/tex]

Step-by-step explanation:

[tex]25+30=15x+10x\\15x+10x=25+30\\25x=25+30\\25x=55\\\cfrac{25x}{25}=\cfrac{55}{25}\\x=\cfrac{11}{5}[/tex]

Productivity gains are an important factor in the expenditure model because
A. companies can “squeeze” workers more than normal
B. it shifts the AD curve to the left
C. the investments made are cheaper and allows companies to
D. it shifts the AS curve to the right

Answers

Answer:

A

Step-by-step explanation:

companies can squeeze workers more than normal

A standard elevator in a midrise building can hold a maximum weight of about 1 3/4 tons. Assuming an average adult weight of 124 pounds, what is the maximum number of adults who can safely ride the elevator?

Answers

Answer: 28 adults

Step-by-step explanation: 1 3/4 tons is 3500 pounds which I divided by 124 pounds which gave me the answer 28

Plz help I need help

Answers

Answer would be 5z + 1
I think it is 5z + 1

Write as a fraction
3÷151​

Answers

Answer:

3/151

Step-by-step explanation:

That's the answer

3/151, cannot be simplified further

thanks i'll mark brainliest​

Answers

Answer:

m <5=91 is the correct response to this question

4/5 - 1/2 plz help i neeeeeeeeeed to know plz plz plz plz

Answers

Answer:

3/10

Step-by-step explanation:

Find a common denominator for both fractions.

4/5 - 1/2 = 8/10 - 5/10

What is the product?
(Y^2+3Y+7)(8y^2+y+1​

Answers

Answer:

8y⁴+25y³+60y²+10y+7

Step-by-step explanation:

8y⁴+y³+y²+24y³+3y²+3y+56y²+7y+7

8y⁴+25y³+60y²+10y+7

Answer:

8y^4+25y^3+60y^2+10y+7

Step-by-step explanation:

(y^2+3y+7)(8y^2+y+1)

We are going to multiply the first term, y^2, by the whole second part (8y^2+y+1)

8y^4+y^3+y^2

now we multiply the 2nd term, 3y, by the whole second part (8y^2+y+1))

24y^3+3y^2+3y

now we do the same to the last term, 7.

56y^2+7y+7

now we need to add all three of our products together

(8y^4+y^3+y^2)+(24y^3+3y^2+3y)+(56y^2+7y+7)

adding like terms:

8y^4+y^3+24y^3+y^2+3y^2+56y^2+3y+7y+7

we get:

8y^4+25y^3+60y^2+10y+7

Avery read 1.75 pages in to of an hour. At what rate, in pages per hour, did she read?
On the double number line below, fill in the given values, then use multiplication t
find the missing value. Enter your answers as fractions, whole numbers, or decimals.
pages
o
O
hours
Enter your final answer as a whole number or decimal.

Answers

Answer:

10.5? sorry if it doesnt work

Step-by-step explanation:

Domain:
Range:
HELP RQ

Answers

i'm not too sure, as i'm learning this at the moment too. correct me if i'm wrong but wouldn't both be (infinity, infinity) ?? since there's arrows meaning its infinite

Find m<1

(Picture included)

Answers

Answer:

m<1 =30

Step-by-step explanation:

[tex] < 1 + 117 + 33 = 180 \\ < 1 + 150 = 180 \\ < 1 = 180 - 150 \\ < 1= 30[/tex]

If the terminal side of angle θ passes through a point on the unit circle in the first quadrant where y=2√2, what is the exact measure of θ? Give your answer in radians.

Answers

Answer:

Please double check the question

y = 2√2 is not on the unit circle

The exact measure of the angle is 45°. If the terminal side of angle θ passes through a point on the unit circle in the first quadrant where y=2√2,

How to get the angle?

A Unit circle is defined as a circle having a radius of 1 unit and having its center at the origin.

We know that the terminal side passes through a point of the form (√2/2, y).

Notice that the point is on the unit circle, so its module must be equal to 1, so we can write:

[tex]1=\sqrt{(\dfrac{\sqrt{2}}{2})^2+y^2}[/tex]

[tex]1^2=\dfrac{2}{4}+y^2[/tex]

[tex]1-\dfrac{1}{2}=y^2[/tex]

[tex]Y=\dfrac{1}{\sqrt{2}}[/tex]

We know that y is positive because the point is on the first quadrant.

Now, we know that our point is:

(√2/2, 1/√2)

And we can rewrite:

√2/2 = 1/√2

So the point is:

( 1/√2,  1/√2)

Finally, remember that a point (x, y), the angle that represents it is given by:

θ = Atan(y/x).

Then in this case, we have:

θ = Atan(1/√2/1/√2) = Atan(1) = 45°

If you want to learn more about angles, you can read:

brainly.com/question/17972372

Albert is 5 years 6 months. How old is Albert in months​

Answers

Answer:

5x12=60,+6=66

Step-by-step explanation:

Answer:

66 months

Step-by-step explanation:

12months x 5= 60

60 + 6= 66

what is the answer for number 2?

Answers

Answer:

7/3

Step-by-step explanation:

integral of equation is x^3/3-6x^2/2+5x/1

the answer will be

7^3/3-3*7^2+5*7-0= 343/3-147+35= 7/3

Simplify as far as possible without using a calculator.

Answers

19.9 hope this helped

PLEASE HELP 100 POINTS

Answers

Answer:

I think its x = 8

Step-by-step explanation:

There are 8 white long rectangles so I would think x = 8

but there are 9 little white squares so it could be 8 + 9  but

Answer:

x= 6/7

Step-by-step explanation:

becuase 7x -3x -2 + 1 = 8-3-3x + x

is simplified to 5x  -1 = 5-2x

+2 on both sides

7x-1 =5

+ 1 on both sides

7x=6

divde both by 7

x= 6/7

Assignment Goal:
Describe the motion of a rocket using a quadratic model.
Instructions:
Respond to each of the questions. Your solutions must document all of your work.
Scenario: A toy rocket is launched straight upward from a pad 10 ft above ground level with an initial velocity of 80 ft/sec.
Use the general formula for the vertical position (height) of an object moving under the influence of gravity s=-1/2 gt^2+ v_0 t+ s_0 where s0 is initial vertical position, v0 is initial velocity, and s is vertical position of the object.

1. Define a model (equation) to express the vertical position (height) of the rocket s (in meters) above ground level t seconds after launch. Let g = 32 ft/sec2.

Answers

Answer:

Your question is a little unclear if it wants meters or feet because it has everything listed in nicely feet then you say "(in meters)" at the bottom.

If it wants feet, the answer is

[tex]s=-16t^2+80t+10[/tex]

If it wants meters, the answer is

[tex]s=-4.8768t^2+24.384t+3.048[/tex]

Step-by-step explanation:

To solve, use the quadratic equation.

[tex]y=ax^2+bx+c[/tex]

It wants the x-axis to represent time (t) and the y-axis to represent position (s)

[tex]s=at^2+bt+c[/tex]

It gives us a formula that tells us what a, b, and c equal.

[tex]s=(-1/2)gt^2+v_0t+s_0[/tex]    where g is gravity, v_0 is the initial velocity, and s_0 is the initial starting position.

From here, it is just a plug and chug to get the final answer.

[tex]s=(-1/2)(32)t^2+80t+10\\s=-16t^2+80t+10[/tex]

If it wants everything in meters, just convert feet to meters at every step. You can search to find that 1 meter=3.28084 feet.

At registration for the first semester, the 1,500 students at Abraham Lincoln High School selected the primary mode of
transportation each planned to use to get to school during the semester. The circle graph below shows the distribution of
students who selected the various modes of transportation
Modes of Transportation Selected by
Abraham Lincoln High School Students
driving
for or riding
in a student-
driven car pool
25%
driving alone
30%
riding
with parent
10%
walking
10%
riding in a
school bus
Gina wants to duplicate this circle graph. Which of the following is closest to the measure of the central angle of the
"walking" sector?

Answers

Using proportions, it is found that the central angle of the walking sector is of 36º.

This question can be solved by proportions, using a rule of three.The angle corresponding to 100% = 1 is of 360º, while we want to find the angle corresponding to the walking sector, which is of 10% of the circle.

Hence, the rule of three is:

1 - 360º

0.1 - x

Applying cross multiplication:

[tex]x = 360(0.1) = 36[/tex]

The central angle of the walking sector is of 36º.

A similar problem is given at https://brainly.com/question/24372153

I need help with the question

Answers

Answer:

[tex]A = 25\pi[/tex]  or  25 × 3.14 = 78.5m

Step-by-step explanation:

The radius is half of the diameter. So the radius = 5m  (10/2)

[tex]A = \pi r^{2}[/tex]

[tex]A = \pi (5^{2} )[/tex]

[tex]A = 25\pi[/tex]

What is the equation of the line in slop-intercept form?



Enter your answer in the blank spots




y= __x + __

Answers

Answer:

y=2x +5

Step-by-step explanation:

so 2 goes in the first blank and 5 goes in the second

Hope this helps!❆

Multiply 3 by 25% of 40.

Answers

[tex]3 \times 25\% \times 40 = 3 \times \dfrac{25}{100} \times 40 = 3 \times 10 =30[/tex]

The value of the numerical expression 3 × 25% × 40 will be 30.

What is Algebra?

Algebra is the study of abstract symbols, while logic is the manipulation of all those ideas.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This approach is used to answer the problem correctly and completely.

The expression is given below.

⇒ 3 × 25% × 40

Simplify the expression, then the value of the expression will be given as,

⇒ 3 × 25% × 40

⇒ 3 × 0.25 × 40

⇒ 30

The value of the numerical expression 3 × 25% × 40 will be 30.

More about the Algebra link is given below.

https://brainly.com/question/953809

#SPJ2

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