Select the correct answer.
After four years of college, Erica has to start paying off all her student loans. Her first payment is due at the end of this month. Her bank told her
that she has 10 years to pay off all of her loans, and that starting this month the loans will be compounded monthly at a fixed annual rate of
9.4%.
Erica currently has a total of $29.158.00 in student loans. Using the formula, what is Erica's approximate monthly payment?
Fpli)
P =
1- (1 + i)-
ОА
OB
Erica's approximate monthly payment will be $370.39.
Erica's approximate monthly payment will be $254.94.
Erica's approximate monthly payment will be $375.70.
Erica's approximate monthly payment will be $2.740.10.
Oc.
D.

Answers

Answer 1

Answer:

its $375.70

Step-by-step explanation:

i guessed and got it right. good luck guys. love u. remeber to eat n drink water and try to spend some time outside if you can! i know its hard rn but we can do it! im proud of u all

Answer 2

The value of Erica's approximate monthly payment is $375.70. The correct option is C .

What is the meaning of Rate of Interest  ?

Rate of Interest is the rate at which a loan is borrowed or the rate at which an investment gives return .

It is given that

Student Loan Total =  $29,158

Rate of Interest = 9.4 %

Time Period = 10 years

The monthly payment is given by

[tex]\rm \dfrac{F p(i) }{ ( 1 - ( 1 + i )^{-n})}[/tex]

Substituting the values in the equation

[tex]\rm = \dfrac{29158* (0.094/12) }{ ( 1 - ( 1 + (0.094/12) )^{-12*10})}[/tex]

= $ 375.70

Therefore,The value of Erica's approximate monthly payment is $375.70. The correct option is C.

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Related Questions

2/5 x 3/4 i need help;-;

Answers

Answer:

0.3 or 3/10

Step-by-step explanation:

Answer:

3/10

0,3

WORKING:

Factor the number: 4 = 2 × 2

= 2/5 × 3/2×2

Cross- cancel common factor: 2

= 1/5 × 3/2

1 × 3/ 5 × 2

Multiply the numbers: 1 × 3 = 3

= 3/5×2

= 3/10

=0,3

FINALLY ANSWER:

0,3

is 5/8 a terminating or repeating decimal

Answers

Answer: Terminating decimal

Step-by-step explanation:

change the fraction 58 into a decimal.

58=0.625 .

Answer:
A terminating decimal

Explanation:
5/8=0.625

I hope this helped :)

Explanation please might give brainlist

Answers

Answer:

The slope is answer D

FIRST PERSON TO ANSWER GETS BRAINALIST AND EXTRA POINTS PLEASE HELP

Answers

Answer:

c

Step-by-step explanation:

(x-m) and the quotient. so it woild be x-m/8

3t + 15 = 45. solve pls​

Answers

Answer:

t=10

Step-by-step explanation:

3t + 15 = 45

3t = 30

t = 10

Answer:

t = 10

Step-by-step explanation:

if you want detailed explanation then ask in comments

follow me

Which type of triangle, if any, has side lengths of 11, 15, and 25? A. equilateral triangle B. It's not a triangle. C. scalene triangle D. Isosceles triangle​

Answers

Answer:

C. Scalene triangle

Step-by-step explanation:

A scalene has sides that aren't equal.

Nathan bought a video game for $60. Target is having a sale for 20% off all
games. What is Nathan's new total with the discount?

Answers

$60 because he already bought the game but for other game $48

PLS HELP ASAP!!! THANK U!!

Answers

Answer:

B) All Real Numbers greater than or equal to 0 and less than or equal to 9

Which of these inequalities is graphed below?

Answers

Answer:

can u plz put a picture

Step-by-step explanation:

Answer:

I think it’s D not sure tho

Step-by-step explanation:

Write the equation of the line that passes through the points (8, –1) and (2, –5) in standard form, given that the point-slope form is y + 1 =2/3 (x – 8).​

Answers

Answer:

you have to fisrt solve the equation of the buttonm part the find the common number between 5 to 8

Find the slope of the line

Answers

the slope of the line is y = -1/2x -2
<3

Help please all the point will go to the persons with the correct answer !!

Answers

Answer:

(1,-2)

(1,-6)

(3,-3)

Step-by-step explanation:

Mr. Porter's private plane takes 1 1/2 hours to travel from Greenlawn to Richville and back. How many trips can he make in 7 1/2 hours?

Answers

Answer:

She can make 5 trips.

Step-by-step explanation:

Can you guys help me with this too? Thank you :)))

Answers

Answer:

x = 10

Step-by-step explanation:

First look at the big overall triangle.

It has a right angle and another angle of 44; therefore the missing angle is (since the sum of angles inside a triangle is 180)

180 - 90 - 44 = missing angle

missing angle (top) = 46; now the angle of a straight line is 180 and they give you 56° which  has a supplementary angle of 180 - 56 = 124°.

Now we know that the triangle that include the x has angles 46° (missing top angle), and supplementary angle of 124°.  Therefore

x = 180 - 46 - 124

x = 10

What are real numbers? How are real numbers used to solve problems?

Answers

Answer:

The real numbers include all the rational numbers, such as the integer −5 and the fraction 4/3, and all the irrational numbers, such as √2

Real numbers are used in measurements of continuously varying quantities such as size and time, in contrast to the natural numbers 1, 2, 3, …, arising from counting.

Hope this helps!

Real numbers include rational numbers like positive and negative integers, fractions, and irrational numbers.

Real number are used to denote the real values of quantities.

Hence, real numbers are used to solve problems.

What are real numbers?

Real numbers include rational numbers like positive and negative integers, fractions, and irrational numbers.

Since real numbers are quantities that can be expressed as infinite decimal expansion. These can be used to solve problems of size, weight measurements etc.

Real number are used to denote the real values of quantities.

Hence, real numbers are used to solve problems.

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Circle A has been enlarged to create circle A'. The table below shows the circumference of both circles.
Circumference
Circle
Circumference (inches)
А
7
A
10.5
Based on the information in the table, what scale factor was used to create circle A?
:.67
.: 1.5
:: 73.5
1
2
3
4 5 6
Next

Answers

Answer:

Option (2) 1.5

Step-by-step explanation:

Rule for the dilation of an image by a scale factor is,

Scale factor = [tex]\frac{\text{Radius of image circle A'}}{\text{Radius of pre-image A}}=\frac{r'}{r}[/tex]

                    = [tex]\frac{(2\pi) r'}{(2\pi) r}[/tex]

                    = [tex]\frac{\text{Circumference of image}}{\text{Circumference of pre-image}}[/tex]

                    = [tex]\frac{10.5}{7}[/tex]

                    = 1.5

Therefore, scale factor was used to create a circle A' = 1.5

Option (2) will be the correct option.

Please find y intercept with work

Answers

Answer:

1

Step-by-step explanation:

When x is 0, y is 1 and the y intercept is the y value when x is 0.

Answer:

Step-by-step explanation:

The y intercept always lies on the y axis on the graph, meaning x is 0. So your y intercept would be 1

Mr. Cameron had $367 in his bank account. At the end of the month he had to pay three bill. His telephone bill was $96.40, his gas bill was $203.20, and his electricity bill was $145.30. How much would Mr. Cameron need to pay into his account to clear his overdraft

Answers

Answer:

Step-by-step explanation:

To give proper answer to this question, one has to understand the meaning of overdraft.

A bank overdraft is amount of credit that covers your transactions if your bank account balance drops below zero.

Mr Cameron balance before the transactions = $367

List of expenses

telephone bill $96.40

gas bill $203.20

Electricity bill $145.30

Total transaction expense:

$96.40+$203.20+$145.30 = $444.9

Overdraft = $367 - $444.9

= - $77.9

So Mr. Cameron has a debt of $77.9 on his account hence to clear the overdraft, he has to pay a minimum of

$77.9 into his bank account and this is also subjected to the bank's terms and conditions which could attract more charge.

a water faucet runs at a rate of 4/5 gallon per 1/5 minute.what is the unit rate of the faucet?​

Answers

4 gallons per minute . 5x1/5 =1 full minute . What u do to that u have to do to 4/5 . So 5x4/5 is 20/5= 4 . So 4 gallons per minute

a cruse ship can cover 17 nautical miles in 340 minutes how many nautical miles will it travel in 300 minutes

Answers

Answer:

1 minute to sail 17/306 = 1/18th of a nautical mile

234 minutes to sail 1/18 x 234 = 13 nautical miles.

Hope this helps :-)

Step-by-step explanation:

Answer:

15 nautical miles

Step-by-step explanation:

Set up a proportion: 340/17=300/x simplify the first one 20/1=300/x 20x=300 x=15 so 15 nautical miles

Please mark brainliest if correct Hope this helps :D

Help with my math homework, this is pretty easy to do ! But I need to turn it in a sap and It’s going to take me a long time to actually, figure it out

Answers

Answer:

18 is less than 34

16 ≤ 2x

x minus 13 multiplied by 5 is greater than or equal to 24

7> -15

Evaluate the function when x = -2


Someone please help I don’t understand


Answers

Answer:

f(x)= -12

Step-by-step explanation:

Question 1 (10 points)
For g(x) = -3x + 1 Find x if g(x) = 16
a
-47
b
14
c
16
d
-5
Question 2 (10 points)
If g(x) = 3x2 + 4x - 1 Find g(2) =

a
21
b
2
c
19
d
43

What are the domain and range of f(x)=19 ?

a
Domain: All real numbers greater than or equal to 19 Range: All real numbers
b
Domain: {19} Range: All real numbers
c
Domain: All real numbers Range: All real numbers greater than or equal to 19
d
Domain: All real numbers Range: {19}

Answers

Answer:

Q1 d, Q2 c, Q3 d

Step-by-step explanation:

Q1

g(x)=-3x+1

g(x)=16 means that

-3x+1=16 subtract 1 from both sides

-3x=16-1 combine like terms and divide both sides by -3

x=-15/3=-5

Q2

g(x)=3x²+4x-1

g(2) means that x=2 so substitute

g(2)=3*2²+4*2-1=12+8-1=19

Q3

domain are the x values

range are the y values

can some one answer this question i will mark brainliest and 25 points

Answers

Step 1 = the opposite of a sum is the sum of its opposites

Step 2= Subtraction as adding the opposite

Step 3=Any order, Any grouping

Step 4= Combine like terms

Step 5= Combine like terms

I would seek other's advice for these --^

All you need to do for the bottom one is multiply.

-4 times 3a

-4 x 3 = -12

-4 times 3a = -12a

-4 times -2b

-4 x -2 = 8

-x- = +

-4 x -2 b = 8b

-4 x 4c

-4 x 4 = -16

-4 x 4c = -16c

my prices arent bad the highest it goes is 10 dollars I am very excited for everyone who will order I will send thank you card and your piece(s) that you order thank you it will launch tonight​

Answers

Answer:

what? thats not a math problem

Step-by-step explanation:

There are 42 students in a class.
Each student walks to school or cycles to school or gets the bus to school.
There are 23 girls in the class.
10 of the girls walk to school.
6 of the boys cycle to school.
7 of the 11 students who get the bus to school are boys.
Find the number of these students who walk to school.

Answers

Answer:   the  answer  would  be  16 kids   walk  to  school  (10  girls  and  6  boys)

Step-by-step explanation:

FIRST TO ANSWER GETS RATED BRAINLIEST OR SOMETHING

Answers

Answer:

150 markup. (should be percent but says not to put it)

Step-by-step explanation:

So I didn't know this but there's percentage increase calculators on google.

What is the next term of the geometric sequence? -3/5, 6/5, -12/5, ___

Answers

Answer:

24/5

Step-by-step explanation:

khan <3

The 4th term of the geometric progression is a₄ = 24/5

What is Geometric Progression?

A geometric progression is a sequence in which each term is derived by multiplying or dividing the preceding term by a fixed number called the common ratio.

The nth term of a GP is aₙ = arⁿ⁻¹

The general form of a GP is a, ar, ar2, ar3 and so on

Sum of first n terms of a GP is Sₙ = a(rⁿ-1) / ( r - 1 )

Given data ,

Let the GP be represented as A

Now , the value of A =  -3/5, 6/5, -12/5 ...

Let the first term of the GP be a = -3/5

Let the second term of the GP be ar = 6/5

Now , the common ratio of the GP = second term / first term

Substituting the values in the equation , we get

The common ratio r = ( 6/5 ) / ( -3/5 )

The common ratio r = -2

Now , the 4th term of the GP is a₄ = ar³

Substituting the values in the equation , we get

a₄ = ( -3/5 ) ( -2 )³

a₄ = ( -3/5 ) ( -8 _

a₄ = 24/5

Hence , the 4th term of the GP is 24/5

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SERIOUSLY NEED HELP!!!
Solve the system of equation. Write the solution as a coordinate point.

Answers

(-1/3,3) ok this is the answer ok

PLEASE I NEED HELP ASAP TYSM <3 :)

Answers

Answer: 7

Step-by-step explanation:

The initial value is the same as what value it is when the independent variable is 0. Looking at the chart, when the input is 0, the output is y.

Answer:

7

Step-by-step explanation:

The answer is 7 because it is the y- intercept of the table.

I hope this helps.

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