An amortized loan of RM60,000 has annual payments for fifteen years, the first occurring exactly one year after the loan is made. The first four payments will be for only half as much as the next five payments, whereas the remaining payments are twice as much as the previous five payments. The annual effective interest rate for the loan is 5%. I If the first four payments are X each, calculate the amount of principal repaid in the eighth payment and the amount of interest in the twelfth payment.
Answers
9514 1404 393
Answer:
a) RM2256.09 . . . principal paid by 8th payment
b) RM1791.10 . . . . interest paid by 12th payment
Step-by-step explanation:
First of all, we need to find the payments.
The payment amount is the amount that makes the future value of the series of payments equal to the future value of the loan at the given interest rate.
The future value of a single amount is ...
FV = P(1 +r)^n . . . . . where r is the annual rate, and n is the number of years in the future
The future value of a series of payments is ...
FV = P((1 +r)^n -1)/r . . . . . where n is the number of payments of P earning annual rate r
For payments in a series that does not end at the end of the loan, the future value is the product of that of the series and the effect of the accumulation of interest for the remaining time.
__
The first 4 payments will have a future value at the end of the loan period of ...
s1 = X((1 +0.05)^4 -1)/0.05×(1 +0.05)^11 = X(1.05^15 -1.05^11)/0.05
s1 = 7.3717764259X
The next 5 payments will have a future value at the end of the loan period of ...
s2 = 2X((1 +0.05)^5 -1)/0.05×(1 +0.05)^6 = 2X(1.05^11 -1.05^6)/0.05
s2 = 14.8097486997X
The last 6 payments will have a future value at the end of the loan period of ...
s3 = 4X((1 +0.05)^6 -1)/0.05 = 27.20765125X
So, the total future value of the series of payments is ...
payment value = 7.3717764259X +14.8097486997X +27.20765125X
= 49.3891763756X
__
The future value of the loan amount after 15 years is ...
loan value = 60,000(1 +0.05)^15 = 124,735.69
In order for these amounts to be the same, we must have ...
49.3891763756X = 124,735.69
X = 124,735.69/49.3891763756 = 2,525.57
__
At this point, it is convenient to use a spreadsheet to find the interest and principal portions of each of the loan payments. (We find the interest charge to be greater than the payment amount for the first 4 payments. So, the loan balance is increasing during those years.)
In the attached, we have shown the interest on the beginning balance, and the principal that changes the beginning balance to the ending balance after each payment. (That is, the interest portion of the payment is on the row above the payment number.)
The spreadsheet tells us ...
A) the principal repaid in the 8th payment is RM2,256.09
B) the interest paid in the 12th payment is RM1,791.10
_____
Additional comment
The spreadsheet "goal seek" function could be used to find the payment amount that makes the loan balance zero at the end of the term.
We have used rounding to sen (RM0.01) in the calculation of interest payments. The effect of that is that the "goal seek" solution is a payment value of 2525.56707 instead of the 2525.56734 that we calculated above. The value rounded to RM0.01 is the same in each case: 2525.57.
Related Questions
20,30,13,10,14,10,10,?,?,?
Answers
Answer:
10,13,14,20,30.............
If a runner jogs 3 miles west and then jogs 8 miles
north, how far is the runner from her starting point
if she plans to run straight back? Remember to
simplify your answer.
Answers
If they run 3 miles west then 8 miles north, it forms a right triangle. So just use the Pythagorean Theorum.
A^2+B^=C^2
3^2+8^3=C^2
9+64=C^2
Square root 73=C or 8.54=C (Miles)
The runner is 8.54 miles from her starting point if she plans to run straight back.
From the question, a runner jogs 3 miles west and then jogs 8 miles north.
An illustrative diagram for the journey is shown in the attachment below.
In the diagram, S is the starting point. That is, the runner jogs 3 miles west to a place R and then 8 miles north to a place E.
The cardinal points (North, East, West and South) are indicated beside the diagram.
Now, to calculate how far she is from her starting point if she plans to run straight back, we will determine the length of /ES/ in the diagram.
The diagram is a right-angled triangle and /ES/ can be determined using the Pythagorean theorem.
The Pythagorean theorem states that, in a right-angled triangle, the square of the longest side ( that is hypotenuse) equals sum of the squares of the other two sides.
In the diagram, hypotenuse = /ES/
∴ /ES/² = /SR/² + /RE/²
/SR/ = 3 miles
/RE/ =8 miles
/ES/² = 3² + 8²
/ES/² = 9 + 64
/ES/² = 73
/ES/ = [tex]\sqrt{73}[/tex]
/ES/ = 8.54 miles
Hence, the runner is 8.54 miles from her starting point if she plans to run straight back.
Learn more here: https://brainly.com/question/20327506
Please help asap! Easy question :)
Two fair dice are rolled. Determine the following probability:
P(one number is a multiple of 4 and the other is a multiple of 6)
Answers
Answer:
P(one number is a multiple of 4 and the other is a multiple of 6) = 1/18
Step-by-step explanation:
A probability is the number of desired outcomes divided by the number of total outcomes.
Total outcomes:
For the pair of dice:
(1,1), (1,2), (1,3), (1,4), (1,5), (1,6)
(2,1), (2,2), (2,3), (2,4), (2,5), (2,6)
(3,1), (3,2), (3,3), (3,4), (3,5), (3,6)
(4,1), (4,2), (4,3), (4,4), (4,5), (4,6)
(5,1), (5,2), (5,3), (5,4), (5,5), (5,6)
(6,1), (6,2), (6,3), (6,4), (6,5), (6,6)
So 36 total outcomes.
Desired outcomes:
One multiple of 4 and one multiple of 6.
2 possible outcomes: (4,6) or (6,4)
Probability:
2 outcomes out of 36, so:
[tex]p = \frac{2}{36} = \frac{1}{18}[/tex]
Then
P(one number is a multiple of 4 and the other is a multiple of 6) = 1/18
Please help! Thank you!!!!!
Answers
9514 1404 393
Answer:
f(x) = x² -3g(x) = 6x +7h(x) = 3^xStep-by-step explanation:
f(x) is copied from the problem statement.
g(x) is a symbolic representation of the English wording, using x to represent "a number."
h(x) is the exponential function that corresponds to the geometric sequence in the table. It has a common ratio of 3, and a multiplier of 1 at x=0.
Find the missing Side of the triangle
Answers
Answer:
2√15
Step-by-step explanation:
Use the Pythagorean theorem.
2² + x² = 8²
x² + 4 = 64
x² = 60
x² = 4 * 15
x = 2√15
Two ice cream stands are deciding where to set up along a 1-mile-long beach. The people are uniformly located along the beach, and each person sitting on the beach buys exactly 1 ice cream cone per day from the nearest stand. Each ice cream seller wants the maximum number of customers. True or False: The two stands will most likely be 1/3 mile away from each other. True
Answers
Answer:
Each ice cream seller wants the maximum number of customers:
True
The two ice cream stands will most likely be 1/3 mile away from each other.
True
Step-by-step explanation:
This distance enables the two ice cream stands to give access to the maximum number of customers at the beach, which will be almost equal at their right-hand and left-hand sides. Therefore, the two ice cream stands will most likely be 1/3 mile away from each other. Such positioning exposes the ice cream stands to almost equal number of customers since the people standing along the beach are uniformly located. Taking the extreme locations along the 1-mile-long beach will shrink location opportunities for both stands.
find an odd natural number x such that LCM (x,40)= 1400
Answers
The odd natural number x such that the LCM of x and 40 is 1400 is 35
Lowest Common MultipleThe least common multiple the lowest multiple of two or more numbers.
From the question, we need to determine the value of x of the LCM of the numbers is 1400
LCM (x,40) = 1400
Find a possible value of x
x = 1400/40
x = 35
Hence the odd natural number x such that the LCM of x and 40 is 1400 is 35
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What is the lengh of the line
Answers
Answer:
√45 or 3√5
Step-by-step explanation:
Consider the distribution Ber(0.25). Consider the categorical statistical model({a1,..., ax},{Pp}) for this Bernoulli distribution. If we let Q1 = 1 and a2 =0, then this corresponds to a categorical distribution P, with parameter vector p given by:______.
a. 0.25
b. 0.75
c. (0.25 0.75]^T
d. [0.75 0.25)^T
Answers
Answer:
c. [0.25 0.75] ^T
Step-by-step explanation:
Bernoulli distribution is used to identify number of successes and failures in the selected sample. In the given problem Ber distribution trial is 0.25. There will be categorical distribution of 0.75 and the trial will be done on parameter vector.
Jenny has borrowed K2500from a bank at 9.25% p.a. invested for 185 days. How much will she pay back to the bank?
Answers
Answer:
115.625
PRT/100
The graph below displays a fire department’s response time, which measures the time from when the alarm is sounded at the firehouse to the time the first fire engine leaves the station.
A histogram titled Fire Department Response Times has response time (seconds) on the x-axis and relative frequency on the y-axis. 20 to 30, 0.07; 30 to 40, 0.08; 40 to 50, 0.2; 50 to 60, 0.32; 60 to 70, 0.18; 70 to 80, 0.13; 80 to 90, 0.04.
Which interval accounts for the lowest percentage of response times?
20–30 seconds
30–40 seconds
70–80 seconds
80–90 seconds
I think its (D), 80-90 seconds. Someone check me.
Answers
Answer:
I also think this is D.
Step-by-step explanation:
This question isn't asking for a lot of math so.
According to the graph, the 80-90 seconds response times are the shortest, meaning it is the least frequent or common.
Plus, it would be a bad thing if it was average anyways, and is outlined by the histogram.
An airline charges the following baggage fees: $20 for the first bag and $40 for the second. Suppose 54% of passengers have no checked luggage, 25% have only one piece of checked luggage and 21% have two pieces. We suppose a negligible portion of people check more than two bags.
a) The average baggage-related revenue per passenger is: $___.
b) The standard deviation of baggage-related revenue is: $____.
c) About how much revenue should the airline expect for a flight of 120 passengers?
Answers
You have collected data about the fasting blood glucose (FBG) level of participants in your study. You are delighted to find that the variable is normally distributed. If the mean FBG is 82 and the standard deviation is 2.8 in what range would you expect to find the FBG of 68% of your study participants
Answers
Answer:
Between 79.2 and 84.8.
Step-by-step explanation:
The Empirical Rule states that, for a normally distributed random variable:
Approximately 68% of the measures are within 1 standard deviation of the mean.
Approximately 95% of the measures are within 2 standard deviations of the mean.
Approximately 99.7% of the measures are within 3 standard deviations of the mean.
In this problem, we have that:
Mean of 82, standard deviation of 2.8.
In what range would you expect to find the FBG of 68% of your study participants?
By the Empirical Rule, within 1 standard deviation of the mean, so:
82 - 2.8 = 79.2
82 + 2.8 = 84.8
Between 79.2 and 84.8.
The baker bought the buttercream icing from Crave Cupcakes. Calculate how many containers of icing the baker needs to buy in order to ice a wedding cake. Each container of icing contains 16 ounces of icing. If it takes 56 ounces of icing to cover 678 square inches of cake, calculate the total cost for the icing before tax if each 16 ounce(2 cup) container of icing costs $10.
Answers
Answer:
$40.
Step-by-step explanation:
You need 4 16oz containers of icing to fully cover the cake. As each container costs $10, and you need 4 containers, the total cost of icing to cover the wedding cake, before tax, is $40.
What is the equation of a line that passes through the point (1,8) and is perpendicular to the line whose equation is y=x/2+3?
Answers
Answer:
m=1/2
y-8=1/2(x-1)
y-8=1/2x-1/2
multiply through by 2
2y-16=x-1
2y-16+1-x=0
2y-15-x=0
2y-x-15=0
1% defective parts. 100,00 parts made in total. The number of defects made should equal?
Answers
Answer:
1,000 defects
Step-by-step explanation:
Find how many defects that should be made by finding 1% of 100,000:
100,000(0.01)
= 1000
So, there should be 1,000 defects
Leanne is planning a bridal shower for her best friend. At the party, she wants to serve 33 beverages, 33 appetizers, and 22 desserts, but she does not have time to cook. She can choose from 1313 bottled drinks, 77 frozen appetizers, and 1313 prepared desserts at the supermarket. How many different ways can Leanne pick the food and drinks to serve at the bridal shower
Answers
Answer:
She can pick the food and drinks in 780,780 different ways.
Step-by-step explanation:
The drinks, appetizers and desserts are independent of each other, so the fundamental counting principle is used.
Also, the order in which the beverages, the appetizers and the desserts are chosen is not important, which means that the combinations formula is used to solve this question.
Fundamental counting principle:
States that if there are p ways to do a thing, and q ways to do another thing, and these two things are independent, there are p*q ways to do both things.
Combinations formula:
[tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.
[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]
Beverages:
3 from a set of 13. So
[tex]C_{13,3} = \frac{13!}{3!10!} = 286[/tex]
Appetizers:
3 from a set of 7, so:
[tex]C_{7,3} = \frac{7!}{3!4!} = 35[/tex]
Desserts:
2 from a set of 13, so:
[tex]C_{13,2} = \frac{13!}{2!11!} = 78[/tex]
How many different ways can Leanne pick the food and drinks to serve at the bridal shower?
286*35*78 = 780,780
She can pick the food and drinks in 780,780 different ways.
In how many distinct ways can the letters of the word MAMAS be arranged?
Answers
Answer:
120 ways
Step-by-step explanation:
There are 5 letters.
5! = 5*4*3*2*1
= 20*6
= 120
Answer:
The answer is 30. You cant repeat letters. Ther are 5 letters, the M and A are repeat letters so 5-2=3 5!/3! = 30
Step-by-step explanation:
What is the product?
Answers
Answer:
Step-by-step explanation:
[tex]\begin{bmatrix}3 & 6 & 1\\ 2 & 4& 0\\ 0 & 6 & 2\end{bmatrix}\times\begin{bmatrix}2\\ 0\\ 1\end{bmatrix}[/tex]
Multiply the terms of the rows of the first matrix with the terms given in the column of the second matrix.
[tex]=\begin{bmatrix}(3\times 2+6\times 0+1\times 1)\\ (2\times 2+4\times 0+0\times1)\\ (0\times 2+6\times 0+2\times 1)\end{bmatrix}[/tex]
[tex]=\begin{bmatrix}7\\ 4\\ 2\end{bmatrix}[/tex]
Help please guys thanks
Answers
Answer:
False
Step-by-step explanation:
a^(m/n)=sqrt_{n}a^m
K.Brew sells a wide variety of outdoor equipment and clothing. The company sells both through mail order and via the internet. Random samples of sales receipts were studied for mail-order sales and internet sales, with the total purchase being recorded for each sale. A random sample of 18 sales receipts for mail-order sales results in a mean sale amount of $81.90 with a standard deviation of $22.25. A random sample of 8 sales receipts for internet sales results in a mean sale amount of $88.30 with a standard deviation of $23.25. Using this data, find the 90% confidence interval for the true mean difference between the mean amount of mail-order purchases and the mean amount of internet purchases. Assume that the population variances are not equal and that the two populations are normally distributed. Construct the 98% confidence interval.
Answers
Answer:
kdjdeoksndoddmsnsksndjdjd
find the missing length indicated
Answers
Answer:
c = 175
Step-by-step explanation:
When the height of a right triangle is shown this way (at right angles with the hypotenuse, It can be found by using the way the hypotenuse is broken up. The following proportion works.
576/x = x / 49 Cross multiply
x^2 = 576 * 49
sqrt(x^2) = sqrt(576*49)
x = 24 * 7
x = 168
But that's not what you want (although it is close).
What you want is the hypotenuse to the small lower triangle
c = ?
a = 49
b = 168
c^2 = 49^2 + 168^2
c^2 = 2401 + 28224
c^2 = 30625
c = sqrt(30625)
c = 175
substitute for A,P and T in the fomula A=P (1+r)^t,give that A=1 000 000,P=10 000 and T=2,and express as a quadratic equation
Answers
A = 10,00,000
P = 10,000
T = 2
1000000 = 10000(1+r/100)^2
1000000 = 10000((100 + r)/100)^2
1000000 = 10000× 100 + r/100 × 100 + r/100
1000000 = 10000 + r^2
1000000 - 10000 = r^2
990000 = r^2
√99000 = r
Quadratic Equation
10000(1+r/100)^2
What type of number can be written as a fraction
Answers
Answer:
a rational number is a number that can be written as a fraction
I hope this helps
What is the slope of the line that passes through the points (-7, -4) and
(-11, -2)? Write your answer in simplest form.
Answers
Answer:
-1/2
Step-by-step explanation:
We can use the slope formula
m = ( y2-y1)/(x2-x1)
= ( -2 - -4)/( -11 - -7)
=( -2+4)/( -11+7)
= 2 / -4
= -1/2
If Logx (1 / 8) = - 3 / 2, then x is equal to what?
Answers
Answer:
Logx(1/8) = -3/2
x = 4
Answered by GAUTHMATH
i provided the question
Answers
Answer:
(0, 3)
Step-by-step explanation:
y = 3 is the horizontal tangent to y = x^2+3, and passes the parobala at (0, 3)
help please! I need the answer quickly! thank you!
Answers
Answer:
B) 1 unit to the left
Step-by-step explanation:
I Will Mark Brainliest
The figure shows a rectangue with its length and breadth as indicated,
Give that the perimeter of a rectangle is 120cm, find the area of rectangle .
Answers
Answer:
Length = 2x+y cm and since it's a rectangle,
2x+y=3x-y ---------------- (i)
width = 2x-3 cm
It's perimeter,
2(2x+y+2x-3)=120 ---------------- (ii)
Solving both equations,
x = 14 cm
y = 7 cm
so length is, 2×14+7 = 35 cm
and width is, 2×14-3 = 25 cm
so area will be, 35×25 = 875 cm²
Answered by GAUTHMATH
Answer:
len = 35
width = 25
Step-by-step explanation:
3x-y = 2x+y
1) x-2y = 0
9x -6= 120
x = 14
y = 7
What is the equation of the line that passes through the point (6, -6) and has a slope
of – 5/3?
Answers
Answer:
y = -5/3x + 4Step-by-step explanation:
Use the point-slope equation:
y - y₁ = m(x - x₁), where (x₁, y₁) is the given pointThe line is:
y - (-6) = -5/3(x - 6) y + 6 = -5/3x + 10y = -5/3x + 4