Ray Flagg took out a​ 60-month fixed installment loan of​ $12,000 to open a new pet store. He paid no money down and began making monthly payments of

​$221.

​Ray's business does better than expected and instead of making his

30th

​payment, Ray wishes to repay his loan in full. Complete parts ​a) through

​c).

Answers

Answer 1

Answer:

Since the question is incomplete, I looked for similar questions:

a) determine apr of installment loan  

b) how much interest will Ray save by paying off the loan early

c) what is the total amt due to pay off the loan?

a) first we will determine the effective rate:

PV annuity factor = loan / monthly payment

PV annuity factor = $12,000 / $221 = 54.2986

Using an annuity table, knowing that the number of periods is 60, we can see that the interest rate is 0.333%.

APR = 0.333% x 12 = 4%

b) I prepared an amortization schedule to determine Ray's balance after the 29th payment.

After the 29th payment, Ray's balance will be $6,498.54

in order to pay off the debt completely, he needs to pay $6,498.54 + $22.32 in interests = $6,520.86.

He will be able to save $331 in interests

c) $6,520.86


Related Questions

4/5 w+13=25 please show work

Answers

Answer:

w=15

Step-by-step explanation:

4/5*w+13-(25)=0

STEP 1

4

Simplify —

5

Equation at the end of step1

4

((— • w) + 13) - 25 = 0

5

2.1 Adding a whole to a fraction

Rewrite the whole as a fraction using 5 as the denominator :

13 13 • 5

13 = —— = ——————

1 5

Equivalent fraction : The fraction thus generated looks different but has the same value as the whole

Common denominator : The equivalent fraction and the other fraction involved in the calculation share the same denominator

Adding fractions that have a common denominator :

2.2 Adding up the two equivalent fractions

Add the two equivalent fractions which now have a common denominator

Combine the numerators together, put the sum or difference over the common denominator then reduce to lowest terms if possible:

4w + 13 • 5 4w + 65

——————————— = ———————

5 5

Equation at the end of step2

(4w + 65)

————————— - 25 = 0

5

STEP 3

Rewriting the whole as an Equivalent Fraction :

3.1 Subtracting a whole from a fraction

Rewrite the whole as a fraction using 5 as the denominator :

25 25 • 5

25 = —— = ——————

1 5

Adding fractions that have a common denominator :

3.2 Adding up the two equivalent fractions

(4w+65) - (25 • 5) 4w - 60

—————————————————— = ———————

5 5

STEP4

Pulling out like terms :

4.1 Pull out like factors :

4w - 60 = 4 • (w - 15)

Equation at the end of step

4 • (w - 15)

———————————— = 0

5

STEP 5

When a fraction equals zero :

5.1 When a fraction equals zero ...

Where a fraction equals zero, its numerator, the part which is above the fraction line, must equal zero.

Now,to get rid of the denominator, Tiger multiplys both sides of the equation by the denominator.

Here's how:

4•(w-15)

———————— • 5 = 0 • 5

5

Now, on the left hand side, the 5 cancels out the denominator, while, on the right hand side, zero times anything is still zero.

The equation now takes the shape :

4 • (w-15) = 0

Equations which are never true:

5.2 Solve : 4 = 0

This equation has no solution.

A a non-zero constant never equals zero.

Solving a Single Variable Equation:

5.3 Solve : w-15 = 0

Add 15 to both sides of the equation :

w = 15

can someone please help :/ quickly pls

Answers

Answer:

I'm sorry the calculator for geometry isn't working right. I'm so sorry

Step-by-step explanation:

This chart shows what happens when each object is placed on a balance with a 10 kg weight on the other side.

A 3-column table with 2 rows titled effects of each object. The first row has entries Object 1, Object 2, Object 3. The second row has entries the balance tips toward the object, the balance remains balanced, the balance tips toward the weight.

Which statement is best supported by the information in the chart?

Object 1 is the heaviest object.
Object 3 is heavier than Object 1.
The weight is heavier than Object 2.
The weight is the heaviest object.

Answers

9514 1404 393

Answer:

  Object 1 is the heaviest object.

Step-by-step explanation:

The first column of the table tells you ...

  Object 1 is heavier than the 10 kg weight

The second column of the table tells you ...

  Object 2 weighs 10 kg

The third column of the table tells you ...

  Object 3 is lighter than the 10 kg weight

Then the relative weights are ...

  Object 1 > Object 2 > Object 3

That is, Object 1 is the heaviest object.

Answer:

Object 1 is the Heaveyist!!!!

Step-by-step explanation:

3-column table with 2 rows titled effects of each object. The first row has entries Object 1, Object 2, Object 3. The second row has entries the balance tips toward the object, the balance remains balanced, the balance tips toward the weight.

Which statement is best supported by the information in the chart?

Object 1 is the heaviest object.----------!!!!!!!!!!!!!!!!!!!!!ΨΩΩΣΡξβνζ

Object 3 is heavier than Object 1.

The weight is heavier than Object 2.

The weight is the heaviest object.

The formula for the volume of a cone is v=1/3bh
Solve v=1/3bh for h, the height of the cone

Answers

Answer:

h= 3v/b


Solving steps:



HELP PLS IM BEING TIMED


Which graph represents y as a function of x?

Answers

Answer:

H I think

Step-by-step explanation:

hope this helps you!

Answer:

i think the answer it's letter F

properties of real numbers practice a worksheet answers ​

Answers

where’s the worksheet?

Which pairs of quadrilaterals can be shown to be congruent using rigid motions?



Select Congruent or Not Congruent for each pair of quadrilaterals.

Congruent Not Congruent
quadrilateral 1 and quadrilateral 2
Congruent – quadrilateral 1 and quadrilateral 2
Not Congruent – quadrilateral 1 and quadrilateral 2
quadrilateral 1 and quadrilateral 3
Congruent – quadrilateral 1 and quadrilateral 3
Not Congruent – quadrilateral 1 and quadrilateral 3
quadrilateral 1 and quadrilateral 4
Congruent – quadrilateral 1 and quadrilateral 4
Not Congruent – quadrilateral 1 and quadrilateral 4
quadrilateral 2 and quadrilateral 3
Congruent – quadrilateral 2 and quadrilateral 3
Not Congruent – quadrilateral 2 and quadrilateral 3
quadrilateral 2 and quadrilateral 4
Congruent – quadrilateral 2 and quadrilateral 4
Not Congruent – quadrilateral 2 and quadrilateral 4
quadrilateral 3 and quadrilateral 4
Congruent – quadrilateral 3 and quadrilateral 4
Not Congruent – quadrilateral 3 and quadrilateral 4
Four quadrilaterals are graphed on a coordinate plane. The horizontal x-axis ranges from negative 5 to 5 in increments of 1. The vertical y-axis ranges from negative 5 to 5 in increments of 1. The vertices of quadrilateral 1 lie on begin ordered pair negative 1 comma 2 end ordered pair and begin ordered pair negative 1 comma 4 end ordered pair and begin ordered pair negative 3 comma 4 end ordered pair and begin ordered pair negative 4 comma 3 end ordered pair. The vertices of quadrilateral 2 lie on begin ordered pair 1 comma 2 end ordered pair and begin ordered pair 2 comma 3 end ordered pair and begin ordered pair 4 comma 3 end ordered pair and begin ordered pair 4 comma 1 end ordered pair. The vertices of quadrilateral 3 lie on begin ordered pair 4 comma negative 1 end ordered pair and begin ordered pair 1 comma negative 1 end ordered pair and begin ordered pair 1 comma negative 3 end ordered pair and begin ordered pair 2 comma negative 4 end ordered pair. The vertices of quadrilateral 4 lie on begin ordered pair 0 comma negative 1 end ordered pair and begin ordered pair negative 3 comma negative 2 end ordered pair and begin ordered pair negative 2 comma negative 3 end ordered pair and begin ordered pair 0 comma negative 3 end ordered pair.

Answers

Answer:

Answer:

quadrilateral 1 and quadrilateral 2 NOT CONGRUENT

quadrilateral 1 and quadrilateral 3 CONGRUENT

quadrilateral 1 and quadrilateral 4 CONGRUENT

quadrilateral 2 and quadrilateral 3 NOT CONGRUENT

quadrilateral 2 and quadrilateral 4 NOT CONGRUENT

quadrilateral 3 and quadrilateral 4 CONGRUENT

Step-by-step explanation:

quadrilateral 1 and quadrilateral 2 NOT CONGRUENT

quadrilateral 1 and quadrilateral 3 CONGRUENT:

rigid motion: reflection

axis of reflection: y=x

quadrilateral 1 and quadrilateral 4 CONGRUENT:

rigid motions: translation and reflection

axis of reflection y=0

quadrilateral 2 and quadrilateral 3 NOT CONGRUENT

quadrilateral 2 and quadrilateral 4 NOT CONGRUENT

quadrilateral 3 and quadrilateral 4 CONGRUENT:

rigid motions: translation and reflection

axis of reflection: x=0

I needddddddd helppppppp.

Answers

Answer:

27.3 (C)

Step-by-step explanation:

First, add 68 and 26 to get 94.

Subtract 94 from 180 (The measure of a triangle.)

You will get 86.

Subtract 4, to get 82.

Divide by three.

I hope this helps!

MARIA IS GOING FOR A RUN. AFTER 20 MINUTES, SHE HAS
RUN 3 MILES. AFTER 2 HOURS, SHE HAS RUN 14.5 MILES.
WHAT IS MARIA'S SPEED?

Answers

Answer:

7.25 mph(miles per hour)

Step-by-step explanation:

How much would $125 invested at 8% interest compounded
continuously be worth after 16 years? Round your answer to
the nearest cent.

Answers

Answer:

A=Pe^(rt)

Fill in principal, rate as a decimal and time in years. Use 'e' on the calculator.

$449.58

$125 invested at 8% interest compounded continuously would be worth $449.58 after 16 years

Create another ratio equivalent to 3 : 2 and 6 : 4.

Answers

Answer:

12:6

Step-by-step explanation:

Answer:

12:4

Step-by-step explanation:

think of it as 1/3, 4 is 1/3 of 12 because 4*3 is 12 to put it simply

Does each relation represent a function? Choose Yes or No.
(1,3), (2,5), (2,7), (4,9)
(1,3), (2,5), (3, 7). (4.9)
(1,3), (1,5), (1, 7), (1,9)
(1,3), (2, 3), (3, 3), (4,3)

Answers

No because on the third one all the x’s are 1 and for it to be a function it has to have different numbers for the x

Answer:

no

Step-by-step explanation:

Horizontal and parallel lines e and f are cut by transversal b. At the intersection of lines b and e, the uppercase right angle is (2 x + 18) degrees. At the intersection of lines b and f, the top right angle is (4 x minus 14) degrees and the bottom right angle is y degrees. What is the value of y? 16 50 130 164

Answers

Answer:

130

Step-by-step explanation:

From the FIQURE of the question, we can see that line "e" is parallel to line "f" then we can say (2x + 18)=( 4x - 14)

Then we can collect like terms

2x-4x= -14-18

-2x=-32

The negatives cancelled out we have

x = 16

From the question, At the intersection of lines b and f, the top right angle is (4 x minus 14) degrees

Angle on a straight line is 180° then we can calculate "y" as

y = 180 - (4x - 14)

= 180-4x+14

= 180+14-4x

But x= 16, then substitute we have

= 180 +14 - 14(16)

= 130

Hence, the value of y is 130

CHECK THE ATTACHMENT FOR THE FIQURE

Answer:

Answer above is correct - option C. 130!

Step-by-step explanation:

Hope this helps :D

Find the coordinates of the midpoint of the segment whose endpoints are H(2, 15) and K(6,3)
(4,12)
(2,6)
(8, 18)
(4,9)

Answers

Answer:

(4,9)

Step-by-step explanation:

The formula for midpoint is (x2+x1/2, y2+y1/2)

insert numbers: (6+2/2,3+15/2)

simplify: (8/2,18/2)

simplify further: (4,9)

If one box containing 15 girl scout peanut butter patties costs $5.00, how much would each cookie cost?​

Answers

Answer:

1/3 of a dollar

Step-by-step explanation:

In ΔJKL, \overline{JL}
JL
is extended through point L to point M, \text{m}\angle LJK = (2x+2)^{\circ}m∠LJK=(2x+2)

, \text{m}\angle KLM = (8x-16)^{\circ}m∠KLM=(8x−16)

, and \text{m}\angle JKL = (3x+6)^{\circ}m∠JKL=(3x+6)

. Find \text{m}\angle KLM.m∠KLM.

Answers

9514 1404 393

Answer:

  48°

Step-by-step explanation:

Exterior angle KLM is equal to the sum of the remote interior angles.

  ∠KLM = ∠LJK + ∠JKL

  (8x -16)° = (2x +2)° +(3x +6)°

  8x -16 = 5x +8 . . . . . . . . . . divide by °, collect terms

  3x = 24 . . . . . . . . . . add 16-5x

  x = 8 . . . . . . . . divide by 3

The measure of the angle of interest is ...

  ∠KLM = (8x-16)° = (8·8 -16)°

  ∠KLM = 48°

nice to meet you. what's your name?

my name is Cayla ;)

p.s. add meh <3

Answers

um ok why? i guess ill add you

Answer:

hi

Step-by-step explanation:

sure

Pls help a playa out I have no idea what we doing

Answers

Answer:

It would be the last one, (0,4)

Step-by-step explanation:

It does not shift anywhere left or right just shifts down 4 so it would be a negative 4

the number of text messages sent by Tiffany to the number of text messages sent by her brother is 3 to 4. Tiffany sent 12 text messages. How many text messages did her brother send?

Answers

Answer:

16

Step-by-step explanation

12/3 = 4

4 x 4 = 16

At 6:16pm, a parachutist is 4500 feet above ground. at 6:22pm, the parachutist is 1900 feet above the ground. find the average rate of change in feet per minute

PLEASE HELP ASAP

Answers

Answer:

433.3333333333/min

Step-by-step explanation:

so 433/min

4500-1900= 2600

22-16=6

2600/6 =433.3333333333

The high school athletics department is installing a new rectangular addition to their current practice field. The length of the new addition will be at least 10 meters more than twice the width of the new addition. The original field has an area of 300 square meters. The area of the entire practice field, with the addition, must be no more than 1,200 square meters.
If A represents the area of the entire practice field, including the new addition, and x represents the width of the new addition, in meters, which system of inequalities can be used to represent this situation?

Answers

Answer:

the answer is D

Step-by-step explanation:

The system of inequalities that best represents this situation provided A denotes the area of the entire field is: [tex]\mathbf{\left \{ {{A\geq 2x^2+10x+300 } \atop {A \leq 1200}} \right. }[/tex]

What are word problems?

Word problems in mathematics are ways we can use variables, algebra notations, and arithmetic operations to solve real-life cases.

From the given information;

We have a new addition to the current rectangular field,

Let that new addition to the current rectangular field be xThe length of the new addition = 10xTwice the width of the new addition = 2x²The original area of the field = 300

From the above information, we can derive a quadratic equation:

2x² + 10x + 300

Also, we are given a constraint that the entire area of the practice field should be no more than 1200. i.e. It can be less than 1200 or equal to 1200.

Thus, the system of inequalities that best represents this situation provided A denotes the area of the entire field is:

[tex]\mathbf{\left \{ {{A\geq 2x^2+10x+300 } \atop {A \leq 1200}} \right. }[/tex]

Learn more about word problems in mathematics here:

https://brainly.com/question/26409868

#SPJ2

Find the slope of the line that passes through these two points

Answers

Answer: 1/5

Step-by-step explanation:

(1--1)/(4--6) = 2/10 = 1/5

Slope= 1/5


Explanation:

Slope formula

Y2-y1/x2-x1

1-(-1)/4-(-6)

2/10

1/5

Write the standard form (Ax + By = C) of the equation of the line that passes through the point (-2, 15) and has the slope m = -6

HELP ASAP PLEASE

Answers

Answer:

6x + y = 3

Step-by-step explanation:

Put in point slope form

y - 15 = -6 ( x +2 )

y - 15 = -6x - 12

y = -6x + 3

6x + y = 3

GIVING BRAINLIEST TO WHOEVER ANSWERS THIS QUESTION CORRECT
Maria wants to put a circular mirror on a wall. The mirror has a radius of 23 inches. How many square inches of space will the mirror take up on the wall?

A. 23

B. 529

C. 46

D. 92

Answers

Answer:

No correct choice

Step-by-step explanation:

Given

r = 23 in

Area of the mirror:

A = πr²A = 3.14*23² = 1661 in²

None of the choices is correct

I will mark u as the brainiest if u get this correct
thx
x

Answers

Answer:

36

Step-by-step explanation:

6 * 6 = 36

its hard to explain but i know its right

Which ordered pair is a solution of the equation?

-7x + 3y = 2

Choose 1 answer



Answers

Answer:

your answer would be both

Step-by-step explanation:

i checked it on khanacademy

Answer:

both

Step-by-step explanation:

khan academy

.
Nerissa has 5 pink bows, 1 blue bow, and 4 purple bows in a box. She will randomly choose 1 bow from the box.



What is the probability Nerissa will choose a purple bow?

Answers

Answer:

the answer would be 4/10 but the simplified version would be 2/5.

Step-by-step explanation:

add up how many bows you have, that will be the denominator. Then, the numerator is the number of purple bows. and if your going to simplify it divide the numerator and denominator by 2.

Answer:

fraction wise(4/10 chance)

percent wise:(40% chance)

Step-by-step explanation:

(There are 2 options) First add all of the bows then see how many purple bows there are. Since there are 4 bows it would be 4/10 or 40%.

Which equation represents the line shown on the coordinate right below

Answers

Answer:

A

Step-by-step explanation:

9514 1404 393

Answer:

  A

Step-by-step explanation:

The line has positive slope (rises to the right) and a y-intercept of -2. The only matching choice is A.

__

Each of the equations is in slope-intercept form:

  y = mx + b . . . . . where m is the slope and b is the y-intercept

So, you need to choose the one that has m > 0 and b = -2.

Please please help solve and show how you got the answers I will mark brainliest

Answers

Answer:

Step-by-step explanation:

One

Sin(x) = 15/24 = 0.625

x = sin-1(0.625)

x = 38.68

Two

Cos(x) = 8/11

Cos(x) = .727

x = cos-1(.727)

x =  43.34

Three

Tan(x) = 20/37

Tan(x) = 0.5405

x = tan-1(0.5405)

x = 28.39

Four

Cos(x) = 18/23

Cos(x) = .7826

x = cos-1(0.7826)

x = 38.50

I NEED HELP ASAP, WILL GIVE BRAINLIEST

Find the 15th term of the sequence 4, 12, 36, 108....​

Answers

Answer:

4, 12, 36, 108, 324

Step-by-step explanation:

each number is increasing by getting multiplied by 3

4 x 3 = 12

12 x 3 = 36

36 x 3 = 108

108 x 3 = 324

Answer:

4 x 15 = 60

12 x 15 = 180

36 x 15 = 540

108 x 15 = 1620

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