interest rate of 2.99% compounded monthly for a 4 year loan, find the regular monthly payments required to repay the loan.

Answers

Answer 1

Using it's formula, considering a loan of $10,000, the regular monthly payments required to pay off the loan will be of $221.3.

What is the monthly payment formula?

It is given by:

[tex]A = P\frac{\frac{r}{12}\left(1 + \frac{r}{12}\right)^n}{\left(1 + \frac{r}{12}\right)^n - 1}[/tex]

In which:

P is the initial amount.r is the interest rate.n is the number of payments.

In this problem, we have that the parameters are given as follows:

P = 10,000, r = 0.0299, n = 4 x 12 = 48.

Then:

r/12 = 0.0299/12 = 0.00249167.

Hence, the monthly payment will be given by:

[tex]A = P\frac{\frac{r}{12}\left(1 + \frac{r}{12}\right)^n}{\left(1 + \frac{r}{12}\right)^n - 1}[/tex]

[tex]A = 10000\frac{0.00249167(1+0.00249167)^{48}}{(1+0.00249167)^{48} - 1}[/tex]

A = 221.3.

More can be learned about the monthly payment formula at https://brainly.com/question/22846480

#SPJ1


Related Questions

Test Scores Find the percentile rank for each test score in the data set. Round to the nearest whole percentile.

10, 15, 19, 23, 30

Part 1 of 6

The percentile rank for the value 10 is

Answers

The percentile rank for 10 will be 10th.

What is percentile rank?

The percentile rank of a particular score in statistics refers to the percentage of scores in the frequency distribution that are smaller than that score.

Percentile rank = [(Number of values below x) + 0.5]/ total number of values * 100

For 10,

Percentile rank = {[0 + 0.5]/5} x 100 = 10th

For 15,

Percentile rank = ([1 + 0.5]/5) x 100 = 30st

For 19,

Percentile rank = [2 + 0.5]/5 x  100 = 50th

For 23,

Percentile rank = [3 + 0.5]/5  x  100 = 70th

For 30,

Percentile rank = [4 + 0.5]/ 5  x 100 = 90th

The percentile rank for 10 will be 10th.

To know more about percentile range follow

https://brainly.com/question/24245405

#SPJ1

Use the commutative property of addition to write an expression equivalent to the following.
5a + b
The answer is

Answers

Answer:  b+5a

Explanation:

The commutative property of addition is where we can add two numbers in any order.

The general equation is x+y = y+x

A more concrete example would be something like 2+3 = 3+2 since both sides simplify to 5.

For 5a+b, it is the same as b+5a. We swap the two terms.

Question 2 On the line that passes through point C, mark a point D that is distinct from point C. Use the slope formula along with coordinates of points to find the slopes of and . Show your work.

Answers

The slope formula along with coordinates of points ( p,q) and (x,y) [tex]m = \dfrac{y-q}{x-p}[/tex].

What is the slope of a straight line?

A slope tells how vertical a line is.

The more the slope is, the more the line is vertical. When the slope is zero, the line is horizontal.

To find the slope, we take the ratio of how much the line's height increases as we go forward or backward on the horizontal axis.

This is because the more the height of the line to the amount we walk or run on the horizontal axis, the more the slope is.

The slope of a line that passes through points ( p,q) and (x,y)

Its slope would be:

[tex]m = \dfrac{y-q}{x-p}[/tex]

Slope of parallel lines are same. Slopes of perpendicular lines are negative reciprocal of each other.

Learn more about slopes here:

https://brainly.com/question/2503591

#SPJ1

In which triangle is the value of x equal to cos−1(StartFraction 4.3 Over 6.7 EndFraction)?

(Images may not be drawn to scale.)

A right triangle is shown. The length of the hypotenuse is 6.7 and the length of another side is 4.3. The angle between the 2 sides is x.
A right triangle is shown. The length of the hypotenuse is 6.7 and the length of another side is 4.3. The angle opposite to side with length 4.3 is x.
A right triangle is shown. The length of the hypotenuse is 4.3 and the length of another side is 6.7. The angle between 2 sides is x.
A right triangle is shown. The length of the 2 sides are 6.7 and 4.3. The angle opposite to side with length 4.3 is x.

Answers

The correct answer is option A. which is the right triangle shown. The length of the hypotenuse is 6.7 and the length of another side is 4.3. The angle between the 2 sides is x.

The complete figure is attached with the answer below.

What is trigonometry?

The branch of mathematics sets up a relationship between the sides and the angles of the right-angle triangle is termed trigonometry.

In the given figure of option A, we can see that the hypotenuse is 6.7 and the base is 4.3 and the angle between both the sides is x. Now we will calculate the angle of cosine x.

Cos(x)= Base / Hypotenuse

Cos(x) = ( 4.3 / 6.7 )

(x) = Cos⁻¹ ( 4.3 / 6.7)

Therefore the correct answer is option A. which is the right triangle shown. The length of the hypotenuse is 6.7 and the length of another side is 4.3. The angle between the 2 sides is x.

To know more about Trigonometry follow

https://brainly.com/question/24349828

#SPJ1

Answer:

The answer is A

Step-by-step explanation:

Just took the test

3t-2/4 - 2t-3/3 = 2/3 - t

Answers

The value of the variable t will be 13 / 12.

What is Algebra?

The analysis of mathematical representation is algebra, and the handling of those symbols is logic.

The equation is given below.

3t - 2/4 - 2t - 3/3 = 2/3 - t

Then the value of t will be

t - 3/2 = 2/3 - t

      2t = 2/3 + 3/2

      2t = 13 / 6

         t = 13/12

More about the Algebra link is given below.

https://brainly.com/question/953809

#SPJ1

Elaina Kicks A Soccer Ball With An Initial Velocity Of

Answers

By using the motion equations, we conclude that she will make the goal.

Will she make the goal?

First, we know that the goal is 20ft away, and the position in x is given by:

[tex]x = 28*cos(58)*t[/tex]

Let's find the time in which the ball will travel these 20 ft.

[tex]20 = 28*cos(58)*t[/tex]

[tex](20)/(28*cos(58)) = t = 1.35[/tex]

So the horizontal distance is covered in 1.35 seconds, now let's see which is the height of the ball at that time.

The height equation is:

[tex]y = -16*t^2 +28*sin(58)*t[/tex]

Evaluating in t = 1.35 we get:

[tex]y = -16*(1.35)^2 +28*sin(58)*1.35\\\\y = 2.9[/tex]

And the goal is 5ft tall, so we can conclude that she will make the goal.

If you want to learn more about motion equations:

https://brainly.com/question/19365526

#SPJ1

what is two significant digit for 59.3506494?

Answers

Answer:

59

Step-by-step explanation:

Round 59.3506494 to the first 2 sig figs which is 59 since the number next to the decimal isnt over or 5, so it stays as 59 instead of 60.

what's the answer to this

Answers

Step-by-step explanation:

the angle CDB is the supplementary angle to 9x+10 (angle ADC).

that means they stand together for 180°. as all angles around a single point on one side of a line are together always 180°.

and then, the sum of all angles in a triangle is always 180°.

so,

CDB + (4x + 10) + 50 = 180

CDB = 180 - (9x + 10) = 180 - 9x - 19 = 170 - 9x

therefore,

(170 - 9x) + (4x + 10) + 50 = 180

170 - 9x + 4x + 10 + 50 = 180

-5x = -50

5x = 50

x = 10

angle CDB = 170 - 9x = 170 - 90 = 80°

After sales tax, a $600 antique clock costs $642. What is the sales tax percentage?

Answers

well, clearly the tax is the added 42 bucks, so hmmm if we take 600 to be the 100%, how much is 42 off of it in percentage?

[tex]\begin{array}{ccll} amount&\%\\ \cline{1-2} 600 & 100\\ 42& x \end{array} \implies \cfrac{600}{42}=\cfrac{100}{x}\implies \cfrac{100}{7}=\cfrac{100}{x} \\\\\\ 100x=700\implies x=\cfrac{700}{100}\implies x=7[/tex]

Answer:

Answer is 7% sales Tax

Step-by-step explanation:

I first like to take one percent of the original value, in this case 1% of 600 is 6 dollars. I then multiply 6 by the number needed to get to 642, which is 107- you will always then subtract 100 from this number and you get 7%. This should work for other problems as well. This is probably not the best explanation btw

help pleseeeeeeeeeeeeeeeeeeeeeeee
Complete the information as requested:
1.- Indicated dose: 300 mg of Ceftriaxone ampoules IV every 6 hours for 10 days.
Available: 1.2 g of Ceftriaxone vial. Reconstitute with 5ml of Sterile Water
a) Dose volume … Calculations
b) Number of doses per day to comply with the indication.
c) Number of ampoules needed for the entire treatment

2.- The patient has indicated:
Indicated quantity: 250 mg Tobramycin ampoule every 12 hours
Available Tobramycin 100 mg /ml vial
a) Dose volume for administration according to indication.
b) Number of ampoules needed for one day of treatment.
c) Amount of Tobramycin received per day - mg

3.- A doctor indicates 0.5 g PO c6h x 5 days
The drug available is 125 mg / 5 mL
a) What is the amount of drug administered per dose? in ml
b) how many total doses for the 5 days are required
c) how many 100 ml bottles do I need to deliver

Answers

C but I’m not to sure

where do banks get the money to lend to consumers

Answers

Answer:

Depositors

Step-by-step explanation:

Answer:

Banks get the money from the people that deposit their money at the bank for a low interest rate and lend to the customers with a high interest rate.

If the population is highly skewed, the sample size needed for the central limit theorem to apply usually has to be ______ that when the population is not highly skewed a. different from b. the same as c. larger than d. smaller than​

Answers

Answer:

2

Step-by-step explanation:

the same as...

(2) is the answer

If the population is highly skewed, the sample size needed for the central limit theorem to apply usually has to be the same as that when the population is not highly skewed.

What is the central limit theorem?

The central limit theorem states in probability theory that, in many instances, when independent random variables are added together, their correctly normalized sum tends toward a normal distribution, even if the original variables are not normally distributed.

If the population is highly skewed, the sample size needed for the central limit theorem to apply usually has to be the same as that when the population is not highly skewed.

To know more about the Central limit theorem follow

https://brainly.com/question/13652429

#SPJ2

Let f(x)=20/5+6e^−0.1x What is (5)? Round your answer to 4 decimal places.

Answers

We can conclude that the function evaluated in x = 5 is equal to 2.3150

How to evaluate the function?

Here we have the function:

[tex]f(x) = \frac{20}{5 + 6e^{-0.1x}}[/tex]

And we want to evaluate in x = 5, this just means to replace the x by a 5 in the given function:

We can evaluate this with a calculator (as doing it by hand is kinda hard), we will get:

[tex]f(5) = \frac{20}{5 + 6e^{-0.1*5}} = 2.3150[/tex]

So we can conclude that the function evaluated in x = 5 is equal to 2.3150.

If you want to learn more about evaluations:

https://brainly.com/question/4344214

#SPJ1

follow the steps to construct a diagram:
1:create points A, B, and C in order on a horizontal line with a distance of four units between successive points.
2:draw Circle with center that passes through b, and two tangents to the circle passing through C.
3:locate the points of intersection of the tangents with the circle, and labeled them D and E.
4: draw the radii AD and AE to create central angel EAD.
Take a screenshot of your construction, and paste it below.

Answers

Answer:

a=3=8

Step-by-step explanation:

there is none

The construction forms a diagram consisting of a circle, two tangents, and a central angle EAD as shown in the attached figure.

Construction is a topic that requires drawing a required shape, line, and figure with constructing tools. The appropriate steps should be taken so as to complete the required figure.

In the given question, the circumference of the required circle passes through points A and C. And the radius of the circle with center B is 4 units so its diameter is 8 units. Then joining the points D and E to A, creates a central angle EAD.

Following the appropriate steps, the required diagram for the construction is as given in the attachment to this question.

For more clarifications, visit: https://brainly.in › question › 7722330

if x+7y=16 and 3x-7y=4 what is the value of x​

Answers

Answer:

[tex]x=5\\[/tex]

Step-by-step explanation:

First, put your equations into a system.

[tex]\left \{ {{x+7y=16} \atop {3x-7y=4}} \right.[/tex]

Next, use the method of elimination to solve the system. Elimination is when either x or y has an opposite coefficient (so in this case y has a coefficient of 7 or -7 depending on the equation). You can then add the equations, and y is eliminated as a variable. Now you can solve for x.

[tex]4x=20[/tex]

Lastly, divide by 4 on both sides to get x by itself.

[tex]x=5\\[/tex]

Write the prime factorization of 10

Answers

Answer:

2|10

5|5

1

Prime factors of 10 are 2*5

Which of the following numbers is shown plotted on the number line ?

Answers

-15/7…………………………………………………..

IK
rying the Distributive Property
Try it
Which statement is an example of the distributive property?
O3+ (2)(15)= 3(2) + 3(15)
O3(2+15) = 3 + 2(3) + 15
O3(2+15)= 3(2) + 3(15)
O 3(2+15)= 3(2) + 15

Answers

The statement that is an example of the distributive property is (c) 3(2+15)= 3(2) + 3(15)

How to determine the example?

The distributive property states that:

a(b + c) = a(b) + a(c)

Using the above property, we have:

3(2+15)= 3(2) + 3(15)

Hence, the statement that is an example of the distributive property is (c) 3(2+15)= 3(2) + 3(15)

Read more about distributive property at:

https://brainly.com/question/265762

#SPJ1

You can buy a car for $5995.67 cash or pay $759.00 as a down payment and $129.95 a month for 4 years.
How much more does the installment plan cost than paying cash?
A. $1000.93
B. $241.93
C. $507.43
D. $2475.27
E. $99.27

Answers

well, if you had the cash right now, you can put it down cold for 5995.67 bucks

OR

put as a downpayment now 759 and then over 48 months pay 129.95 each month, well, 129.95  48 times is 129.95 * 48 = 6237.6, now let's add the 759 down and that's 6237.6 + 759 = 6996.6.

well, heck if you had the cash it'd be 5995.67, if you don't is 6996.6, their difference is 6996.6 - 5995.67 = 1000.93.

EASY POINTS
Which of the following exponential functions represents the graph below?

Answers

Answer: It's B.

Step-by-step explanation: It can't be A or D. The y-intercept is 2, not 4 so it is B.

#18 please I’m not good at math at all

Answers

Answer:

The answer is in the picture.

Step-by-step explanation:

By hand, you can factor it. I did it on a website called Cymath.

Answer:

3x(y - 3)(y + 1)

Step-by-step explanation:

Factor 3x out of 3xy^2

Factor 3x out of -6xy

Factor 3x out of -9x

Factor 3x out of 3x(y^2)+3x(-2y)

Factor 3x out of 3x(y^2-2y) + 3x(-3)

If a 6-foot-tall baby giraffe casts a 4- foot-long shadow, then how tall is an adult giraffe that casts a 10-foot shadow?​

Answers

Answer:

8- foot shadow? i am not sure

Answer:

i believe its 12 feet!

Step-by-step explanation:

assuming that the difference from the 6 foot giraffe with a four foot shadow is two feet, the 10 foot shadow would be two feet less then the giraffes height.

Solve the inequality |a + 3| > 14

Answers

Answer:

a∈(-∝;-17)∩(11;+∝).

Step-by-step explanation:

|a+3|>14; ⇔ 14<a+3<-14; ⇔ 11<a<-17;

Una camioneta transportaba 3/4 de tonelada de arena para entregar a diferentes clientes. Si al primer cliente le dejo 1/3 de la carga que fracción de toneladas quedo en la camioneta

Answers

Si, it should be number 8

To best show a possible linear trend in a scatter plot, draw a _________________.
A. regressive line
B. line of best fit
C. vertical line
D. horizontal line\

Answers

Answer:

b. line of best fit

Which one of these functions is a quadratic function?
OA Rx) = x-3x+1
OB. f(x)=3*
OC. f(x)=x²³
OD. f(x) = log(x+7)

Answers

Answer:

x^2 -3x+1

it is your answer

The function x² - 3x + 1 represents a quadratic function.

A quadratic function is a function of the form f(x) = ax² + bx + c, where a, b, and c are constants.

In option A, we have f(x) = x² - 3x + 1, which fits the form of a quadratic function with coefficients a = 1, b = -3, and c = 1.

In option B, the function is Exponential.

In option C, the function is Exponential.

In option D, the function is logarithm.

Therefore, x² - 3x + 1 represents a quadratic function.

Learn more about quadratic function here:

https://brainly.com/question/18958913

#SPJ7

If 0 lies in the quadrant IV. What can be the value of cos 0 ?​

Answers

Answer:

the value of cos 0 is 7

Step-by-step explanation:

because you have to times it twice

Answer:

Between 0 and 1

Step-by-step explanation:

Cos Θ is the x coordinate of the unit circle. The points of that circle in quadrant IV have an x coordinate of 0≤x≤1.

A freight elevator has a weight limit of 2 tons. Each crate that is loaded weighs 80 pounds. What is the greatest number of crates that can be loaded onto the elevator

Answers

Hope this helps! Let me know if you need anything.

The following diagram shows a 4-step process that begins with Operation 1 and ends with Operation 4.

Answers

Based on the operations and their times, the capacity of this process is 10 per hour and the action that would yield the greatest increase would be 2. increase operation 2 by 14%.

What is the capacity of the process?

The capacity of the process is the least operation time in the process which is 10/ hr.

How can we get the greatest increase in process capacity?

Check all the alternatives given. The alternative with the lowest capacity is best.

Increase operation 1 by 12%:

= 11 x (1 + 12%)

= 12.32 per hour

Increase operation 2 by 14%:

= 10 x (1 + 14%)

= 11.4 per hour

Increase operation 3 by 10%:

= 12 x (1 + 10%)

= 13.2 per hour

The best alternative is therefore to increase operation 2 by 14%.

Find out more on process capacity at https://brainly.com/question/20396505.

#SPJ1

can someone help me with this worksheet please!!!!

Answers

(1) The missing term in the sequence, a₁₂  = 0.8.

(2) The missing term in the sequence, a₈ = 102.5.

(3) The missing term in the sequence, a₈ = 111.

(4) The missing term in the sequence, a₁₂ = -19.

(5) The missing term in the sequence, a₁₂ = 94.

(6)  The missing term in the sequence, a₆ = 40.

(7)  The missing term in the sequence, a₃₆ = -52.

(8)  The missing term in the sequence, a₂₁ = -58.

Missing term of the sequence

The missing term in the sequence is determined as follows;

Tₙ = a + (n - 1)d

1.0 a₄ = 18.4 and a₅ = 16.2, a₁₂ = ?

T₄ = a + 3d

18.4 = a + 3d  ---(1)

T₅ = a + 4d

16.2 = a + 4d  ---(2)

subtract (1) from (2)

-2.2 = d

18.4 = a + 3(-2.2)

a = 25

a₁₂  = a + 11d

a₁₂  = 25 + 11(-2.2)

a₁₂  = 0.8

2.0 a₂ = 57.5 and a₅ = 80, a₈ = ?

a₂ = a + d

57.5 = a + d -- (1)

a₅ = a + 4d

80 = a + 4d  --- (2)

solve (1) and (2)

d = 7.5

a = 50

a₈ =  a + 7d

a₈ = 50 + 7(7.5)

a₈ = 102.5

3.0 a₁₀ = 141 and a₁₃ = 186, a₈ = ?

a₁₀ = a + 9d

141 = a + 9d --- (1)

a₁₃ = a + 12d

186 = a + 12d --- (2)

Subtract (1) from (2)

d = 15

a = 6

a₈ = a + 7d

a₈ = 6 + 7(15)

a₈ = 111

4.0 a₂₂ = -49 and a₂₅ = -58, a₁₂ = ?

a₂₂ = a + 21d

-49 = a + 21d ---- (1)

a₂₅ = a + 24d

-58 = a + 24d --- (2)

subtract (1) from (2)

d = -3

a = 14

a₁₂ = a + 11d

a₁₂ = 14 + 11(-3)

a₁₂ = -19

5.0 a₄ = -2 and a₈ = 46, a₁₂ = ?

a₄ = a + 3d

-2 = a + 3d --- (1)

a₈ = a + 7d

46 = a + 7d ---- (2)

Subtract (1) from (2)

d = 12

a = -38

a₁₂ = a + 11d

a₁₂ = -38 + 11(12)

a₁₂ = 94

6.0 a₉ = 64 and a₁₂ = 88, a₆ = ?

a₉ = a + 8d

64 = a + 8d --- (1)

a₁₂ = a + 11d

88 = a + 11d --- (2)

Subtract (1) from (2)

d = 8

a = 0

a₆ = a + 5d

a₆ = 0 + 5(8)

a₆ = 40

7.0 a₂₀ = -4 and a₂₃ = -13, a₃₆ = ?

a₂₀ = a + 19d

-4 = a + 19d ---- (1)

a₂₃ = a + 22d

-13 = a + 22d --- (2)

Subtract (1) from (2)

d = -3

a = 53

a₃₆ = a + 35d

a₃₆ = 53 + 35(-3)

a₃₆ = -52

8.0 a₂₈ = 5 and a₃₃ = 50, a₂₁ = ?

a₂₈ = a + 27d

5 = a + 27d ---- (1)

a₃₃ = a + 32d

50 = a + 32d --- (2)

Subtract (1) from (2)

d = 9

a = -238

a₂₁ = a + 20d

a₂₁ = -238 + 20(9)

a₂₁ = -58

Learn more about arithmetic progression here: https://brainly.com/question/6561461

#SPJ1

Other Questions
7th grade math. Easy but hard for me Question 13 of 20What does it mean to develop an argument? One block is needed to make an up-down-up staircase with one step up and one step down.Four blocks are need to build and up-down-up staircase with 2 steps up and 2 steps down.Complete parts (a) and (b) below.***a. How many blocks are needed to build an up-down-up staircase with 5 steps up and 5 steps down?25 blocks are needed to build an up-down-up staircase with 5 steps up and 5 steps down.(Type a whole number.)b. How many blocks are needed to build an up-down-up staircase with n steps up and n steps down?blocks are needed to build an up-down-up staircase with n steps up and n steps down. Hemophilia is an inherited disease. True False A user in a small office environment explains to you that his office implements a small Microsoft workgroup. Users commonly share folders with each other. Which access control model is represented in this example What three parts of the passage contain ideas that should be included in a summary?When most people hear the term "endangered species," they think of manatees, grizzly bears, whales, and other popular species that are at risk of dying out. If these animals dont live in your area, you might think there is nothing you can do to help. However, more than 1,300 species of plants, birds, fish, invertebrates, and mammals are listed as endangered or threatened. Some might even live in or migrate through your area. Private citizens can play a critical role in protecting our countrys wildlife and plants. Things we do in our daily lives can help improve our lands so that the land is better suited to wildlife. All endangered and threatened species need your help, from the red-cockaded woodpecker to the Karner blue butterfly. If y=2x-1 is changed to y = x+ 2,how would the graph of the newfunction compare with the first one in terms of steepness and shift? Which graph represents the following system of inequalities? y>2x-5 y The following cone has a height of 12 cm and a slant height of 16 cm. A right angle is formed between the height and radius of the conewhat is the length of the radius The technique that allows you to have multiple logical lans operating on the same physical equipment is known as a. Causes and effects of the civil rights movement essay Need help fast solve 2(r+6) =(6+1/3r) 12.simplify the following expression 21q + 5/2(3/2) + 4q -5 Which of the following is NOT involved indiscretionary fiscal policy?A. PresidentB. CongressC. Supreme Court A 10.0-kg test rocket is fired vertically. When the engine stops firing, the rockets kinetic energy is 1960 J. After the fuel is burned, to what additional height will the rocket rise? Which represents the value of c?C=(3) sin(40%)sin (45)c=(3) sin(45)sin (40%)c=sin(40%)(3) sin(45)c=sin(45)(3) sin(40%) please help meorigin of wheel barrow What is a medical emergency? The equation in Question 4 shows a relationship between the length of arc EF in circle AB and the radius of circle AB. So, for a given central angle, what does the length of the arc it intersects depend on? What political ideology was the US trying to prevent from spreading in Central America? Nationalism Socialism O Fascism O Communism