Consider a credit card with a balance of $7000 and an APR of 16.5 %. If you want to make monthly payments in order to pay off the balance in 1 year, what is the total amount you will pay? Round your answer to the nearest cent, if necessary.​

Answers

Answer 1

9514 1404 393

Answer:

  $7641.24

Step-by-step explanation:

The amortization formula tells the payment amount.

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

where principal P is paid off in t years with n payments per year at interest rat r.

Using the given values, we find ...

  A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)

  A = $636.77

The total of 12 such payments is ...

  $636.77 × 12 = $7641.24

You will pay a total of about $7641.24.

_____

Additional comment

Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.


Related Questions

last year a football game scored a total of 427 points, so far this year, they have scored 154 points. They have eight more regular season games. How many points do they need to score each game to beat their record last year?

Answers

Answer:

35 points

Step-by-step explanation:

See photo

Is speed the rate of change in the velocity of a moving body?

Answers

No, speed is the rate of change of distance.

Velocity is the rate of change of displacement.

Distance is scalar quantity, it has just magnitude.

Displacement is vector quantity, it has both magnitude as well as direction. So, speed and velocity are scalar and vector respectively too.


prove it using mathematical induction

Answers

Answer:

Mathematical induction can be used to prove that an identity is valid for all integers n≥1. Here is a typical example of such an identity: 1+2+3+⋯+n=n(n+1)2. More generally, we can use mathematical induction to prove that a propositional function P(n) is true for all integers n≥1.

Step-by-step explanation:

I'd really appreciate a brainleast please:)

What are the coordinates of point S"?

Answers

Answer:

point s: (-2,6)

-2 is the x coordinate

6 is the y coordinate

Find the value of x and y is (3x_6) (12,y-1)​

Answers

Answer:

x=4

y=7

Step-by-step explanation:

12=3x

x=4

6=y-1

y=6+1

y=7

Answer:

x=4

Step-by-step explanation:

A model rocket is launched with an initial upward velocity of 30 m/s. The rockets height (in meters) after t seconds is given by the following. h=30t-5t2. Find all values of t for which the rockets height is 10 meters

Answers

9514 1404 393

Answer:

  t = 3-√7 and 3+√7 seconds after launch

Step-by-step explanation:

You want to find the values of t that make h=10.

  10 = 30t -5t^2

  t^2 -6t = -2 . . . . . divide by -5

  t^2 -6t +9 = 7 . . . add 9 to complete the square

  (t -3)^2 = 7 . . . . . write as a square

  t -3 = ±√7 . . . . . . take the square root

  t = 3 ±√7 . . . . . . values of t for which height is 10 meters

__

These values are about 0.354 seconds, and 5.646 seconds.

Put the following equation of a line into slope-intercept form, simplifying all fractions.


Thanks In advance

Answers

Answer:

2x+2y=-18

2y=-2x-18

y=-x-9

hope that answers your questipn

dont hesitate to comment for more explanation about this topic.

Find the volume of the following figure round your answer to the nearest tenth if necessary

Answers

Answer:

5.3

Step-by-step explanation:

2×2×4/3

= 5.3 (rounded to the nearest tenth)

What does 1.20 mean in this situation?

Answers

Answer:

hshsjzhzzoazuhsox9 hzbskznzjzbziznzkalajhzisjshaoianajs9zjgz

A: the costumer bought 1.20kg of lettuce

Name the number that is
represented by the letter Y.
Y
Z
WVX
+
-10 -5
+
5
0
10

Answers

Answer:

y is 8 if you count towards the right side of the screen you will figure out that y is 8 followed by 9 leading you to 10, therefore x is 11.

I hope this helps

a word problem on proportions using a unit rate
Lashonda made $273 for 13 hours of work.
At the same rate, how many hours would she have to work to make $231?
hours
Х
?

Answers

eleven hours -  11 hours

She would have to work 11 hours to make $231.

Step 1: 273/13 = 21
So, x equals 21

Step 2: 231/21 = 11

Amy, Hong, and David have a total of $102 in their wallets. Amy has $6 less than Hong. David has 4 times what Hong has. How much does each have?

Answers

Answer:

12,18, and 72 respectively

Step-by-step explanation:

102=A+H+D

A+6=H

D=4H=4(A+6)=4A+24

102=A+H+D=A+A+6+4A+24

102=6A+30

6A=72

A=12

H=18

D=72

Solve for X

Answer choices
4
5
8
3
2

Answers

Answer:

Because we are given that angle XYZ = 95°, the two angles must add up to 95°

A concern of Major League Baseball is that games last too long. Some executives in the league's headquarters believe that the mean length of games this past year exceeded 3 hours (180 minutes). To test this, the league selected a random sample of 80 games and found the following results: = 193 minutes and s = 16 minutes.
Based on these results, if the null hypothesis is tested using an alpha level equal to 0.10, which of the following is true?

a. The null hypothesis should be rejected if xbar > 182.31.
b. The test statistic is t = 1.2924.
c. Based on the sample data, the null hypothesis cannot be rejected.
d. It is possible that when the hypothesis test is completed, a Type II statistical error has been made.

Answers

Answer:

it is possible that when the hypothesis test is completed,a type ll statistical error has been made

The area of a parallelogram is 60 f2.
The height is 5 ft. How long is the
base?

Answers

Answer:

12 feet

BRAINLIEST, PLEASE!

Step-by-step explanation:

Area = base x height

60 = base x 5

base = 60/5

base = 12

Aaron Lloyd what is a?

Answers

Answer:

Rugby lawyer

Step-by-step explanation:

Aaron is a partner in the firm’s dispute resolution division. He advises clients on a range of litigious and risk related matters, with particular expertise in the areas of corporate misconduct, white collar criminal and regulatory affairs, sports law and employment law.  Aaron leads our sports law practice, and is a member of the firm’s health and safety, public law, and organisational integrity teams.

Well regarded by clients for his ability to analyse and strategise complex situations, Aaron is internationally recognised for his ability to implement pragmatic and commercial strategies to minimise risk and create opportunity. This ability has resulted in clients avoiding significant litigation and commercial consequences.

Aaron is an experienced advocate, having argued cases in the District Court, High Court, Employment Court, the Court of Appeal and Supreme Court of New Zealand, along with numerous tribunals.

He is recognised by international legal directories including by Chambers & Partners (Asia Pacific), Who’s Who Legal, Expert Guides, Best Lawyers and Doyles.

Before joining MinterEllisonRuddWatts Aaron practiced as a barrister with Paul Davison QC, and has lectured at the University of Auckland.

How much state tax is withheld from $36,200 if the tax rate is 4%?

Answers

Answer:

$1448

Step-by-step explanation:

Tax=rate*amount=(4/100)*36200=1448

Helppppppp
What’s is the equation of the new function?

Answers

Answer:

C

Step-by-step explanation:

If the graph is shifted 10 units down, the equation will be sqrt(x) + 10

Which table contains ordered pairs that lie on the graph of the equation -2x + 4y = 16?

Answers

Answer:

C

Step-by-step explanation:

To figure out which pairs lie on -2x+4y = 16, we can plug the x and y values into the equation to see if they work. We need all pairs of x and y values in a table to work for the answer to be correct

A)

x=-4, y=2

-2x+4y = -2 * (-4) + 4 * (2) = 8 + 8 = 16. This works. Note that two negatives multiplied together make a positive, and 4*2 = 8

x=0, y=8

-2x + 4y = -2 * (0) + 4 * (8) = 0 + 32 = 32. This does not work, as 32 is not 16. Note that anything multiplied by 0 is 0

B)

x=8, y=0

-2x+4y = -2 * (8) + 4 * (0) = -16. This is not equal to 16. Note that a negative multiplied by a positive is still a negative

x=2, y=3

-2x + 4y = -2 * (2) + 4 * (3) = -4 + 12 = 8. This is not equal to 16.

C)

x=0, y=4

-2x + 4y = -2 * (0) + 4 * (4) = 0 + 16 = 16. This works

x=4, y=6

-2x + 4y = (-2)* (4) + 4 * (6) = -8 + 24 = 16. This works. As both pairs of values in the table works, this is the correct answer. Nevertheless, we can check D to make sure.

D)

x=-2, y=5

-2x+4y = -2 * (-2) + 4 * (5) = 4 + 20 = 24. This is not 16

x=-8, y=0

-2x+4y = -2 * (-8) + 4 *  (0) = 16. This works, but the other pair does not work, so D is incorrect

Answer:

C

Step-by-step explanation:

Edge 2022

Michelle rode her bicycle from her house to school at an average speed of 8 miles per hour. Later that day, she rode from school back home along the same route at an average speed of 12 miles per hour. If the round trip took one hour, how many miles long is the round trip?

Answers

9514 1404 393

Answer:

  9.6 miles

Step-by-step explanation:

Let x represent the round trip distance. Then Michelle's time was ...

  t = distance/speed

  1 = (x/2)/8 +(x/2)/12 = x(1/16 +1/24) = x(3/48 +2/48) = x(5/48)

  48/5 = x = 9.6

The round trip is 9.6 miles.

QUESTION 4
Convert 4% to a decimal I

Answers

Answer:

0.04

Step-by-step explanation:

hope this helped

00.4 your moving your decimal over one place and its only remaining as 4%

the product of two rational number is _______ number
give answers this question​

Answers

Answer:

rational number

Step-by-step explanation:

multiplying two rationals is the same as

multiplying two such fractions, which will

result in another fraction of this same form

since integers are closed under

multiplication. Thus, multiplying two rational numbers produces another rational number.

"The product of two rational number is rational" So, multiplying two rationals is the same as multiplying two such fractions, which will result in another fraction of this same form since integers are closed under multiplication.Sep 5, 2020

8. Point Mis 6 units away from the origin. Circle the letter by each pair of possible coordinates. A. (3.0) B. (4.2) C. (5,3) D. (0.6) E. (4.4) F. (1,5)​

Answers

9514 1404 393

Answer:

  D.  (0, 6)

Step-by-step explanation:

The origin is where the axes cross. The coordinates of that point are (0, 0). The distance of a point (x2, y2) from point (x1, y1) is given by the distance formula ...

  d = √((x2 -x1)² +(y2 -y1)²)

When (x1, y1) = (0, 0), this reduces to ...

  d = √(x² +y²)

We want to find (x, y) such that d=6. This can be a little easier if we square both sides of the equation to eliminate the radical.

  x² +y² = 6² = 36

This is the equation of a circle of radius 6 centered at the origin: all points that are distance 6 from the origin. So, any point on the circle will be at a distance of 6 from the origin.

__

The sum of squares in each case is ...

  A. 3² +0² = 9 . . . inside the circle

  B. 4² +2² = 20 . . . inside the circle

  C. 5² +3² = 34 . . . inside the circle

  D. 0² +6² = 36 . . . on the circle at a distance of 6 from the origin

  E. 4² +4² = 32 . . . inside the circle

  F. 1² +5² = 26 . . . inside the circle


Differentiate y=2x+200/x with respect to x

Answers

Answer:

Hello,

[tex]\boxed{y'=2-\dfrac{200}{x^2} }\\[/tex]

Step-by-step explanation:

[tex](f(x)+g(x))'=f'(x)+g'(x)\\\\(2x)'=2*(x)'=2*1=2\\\\(\dfrac{200}{x} )'=200*(x^{-1})'=200*(-1)*x^{-1-1})=-\dfrac{200}{x^2} \\\\\\\boxed{y'=2-\dfrac{200}{x^2} }\\[/tex]

Answer:

[tex] \frac{dy}{dx } = 2 - \frac{200}{ {x}^{2} } [/tex]

Step-by-step explanation:

[tex]the \: equation \: can \: be \: rewriten \: as \\ y = 2x + 200 {x}^{ - 1} \\ \\ now \: differentiate \: the \: equation\ \\ \frac{dy}{dx} = 2 - 200 {x}^{ - 2} \\ \frac{dy}{dx} = 2 - \frac{200}{ {x}^{2} } [/tex]

The most frequently occuring value in a set is called the

Answers

Answer:

Step-by-step explanation:

The mode is the correct answer

Write the equation in standard form.
x2 + 6 = 5x

Answers

Answer:

Step-by-step explanation:

x2 + 6 = 5x

2x-5x = -6

3x = -6

x = -6/3

x = -2

Answer:

[tex]x^{2} -5x + 6 =0[/tex]

Step-by-step explanation:

Laxman and Virat together can complete a piece of work in 8 days and Laxman alone can complete it in 12 days in how many days would Bharat alone complete the work​

Answers

Answer:

14 days

Step-by-step explanation:

PLEASE HELP!!!
The following data are the distance from the workplace ( in miles) for the 5 employees of a small business.

10,17,12,14,12

Assuming that these distance constitute an entire population, find the standard deviation of the population. Round your answer to two decimal places.​

Answers

Answer:

stdev= 2.366431913

Step-by-step explanation:

10  stdev= 2.366431913

17  

12  

14  

12  

The capacity of a small container is 380 ml. and the capacity of a big container is 1250 ml. If Akash uses 8 small containers and 1 big container to fill up an empty tank, then what is the capacity of the tank?​ With statements

Answers

Answer:

3290 ml

Step-by-step explanation:

he fills into the tank 8×380 ml and 1×1250ml.

that is all there is to it.

so,

capacity tank = 8×380 + 1250 = 3040 + 1250 = 3290 ml

2sin^2(2x) + 1 = 3sin(2x) Solve for x with exact answers. The domain is 0 ≤ x ≤ π

Answers

Answer:

x = π/12 and x = π/4.

Step-by-step explanation:

2sin^2(2x) + 1 = 3sin(2x)

2sin^2(2x) - 3sin(2x) + 1 = 0

(2sin(2x) - 1)(sin(2x) - 1) = 0

2sin(2x) - 1 = 0

2sin(2x) = 1

sin(2x) = 1/2

When there is a variable n = π/6, sin(π/6) = 1/2 [refer to the unit circle].

2x = π/6

x = π/12

sin(2x) - 1 = 0

sin(2x) = 1

When there is a variable n = π/2, sin(π/2) = 1 [refer to the unit circle].

2x = π/2

x = π/4

Hope this helps!

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Which of the following is NOT a power that the Constitution gives the Vice President?1. Presides over the Senate.2. Determine if a law passed by Congress is unconstitutional.3. Assumes the role of President if he/she is unable to hold office.4. Casts the deciding vote if the Senate is deadlocked with a tie. who is our first president of India Find the value of x to the nearest tenth of a degree.20.421.842.968.2 Cc yu t no cn c so snh khi tin hnh nh gi cng vic A population of birds can have large, heavy beaks or thin, long beaks.What can we say based on this data?Select one:We cannot conclude anything without having more data.Having heavier beaks is a survival advantage.Having longer beaks is a slight survival advantage, but having more data would help to confirm.undoThere is no survival advantage between having heavier beaks and longer beaks. Consider that 45% of Americans own a dog, 25% of Americans own a cat, and 40% of Americans own neither. Draw a Venn Diagram for this situation. 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She has _____________.A. long hair black B. black long hair C. long black hair D. hair long black20. He is ________ young to wash himself.A. too B. also C. very D. so IV. Write the correct forms of the verbs. 1. Yesterday, Minh (go) to the cinema with Nam.2. My brother is (tall) than Minh brother.3. My father (work) in a factory last year.4. They (going to) the hospital to meet Mr. Le.----------------------------------------------------------------------------------------------------------------------------------( thi s 2) I. Choose the words which have the underlined part is pronounced differently from the others. 1. A. comfort B. hobby C. knowledge D. popular2. A. about B. bough C. cough D. shoutII. Circle into the words which are different from the other. 1. A. mom B. dad C. daddy D. night2. A. you B. Miss C. Mrs D. MrIII. Choose the best answer A, B, C or D to complete these sentences. 1. How old......? She is thirty years old.A. she is B. she's C. is she D. is he2. 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