A savings account earns an interest rate of 1.625 % compounded quarterly for an account with an initial deposit of $ 2 , 225 . How much money will be in the account after 6 years? Round your answer to the nearest hundredth.

Answers

Answer 1

The balance in the account after 6 years is $2,466.69.

What is compound interest?

Compound interest is when you earn interest on both the money you've saved and the interest you earn.

We can use the formula for compound interest to find the balance in the savings account after 6 years:

[tex]A = P(1 + r/n)^{(nt)}[/tex]

where:

A is the balance in the account after t years

P is the initial deposit, which is $2,225

r is the annual interest rate, which is 1.625%

n is the number of times the interest is compounded per year, which is 4 (since it's compounded quarterly)

t is the number of years, which is 6

Plugging in these values, we get:

[tex]A = 2,225(1 + 0.01625/4)^{(4*6)}\\A = 2,225(1.0040625)^{24}[/tex]

A = 2,225(1.108227)

A = 2,466.69

Hence, the balance in the account after 6 years is $2,466.69.

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Related Questions

Find the surface area. Round to the nearest hundredth

Answers

Answer:

122.30 cm²

Step-by-step explanation:

Divide the polyhedron into shapes:

+) 2 triangles with the same area.

The area of the triangle is
(4.3×11)÷2 = 23.65 cm².
And with two triangles of the same area we take the sum of both areas
23.65 + 23.65 = 47.3 cm²

+) 3 rectangles with different areas.

(3×6) + (3×8) + (3×11) = 75 cm²

So the surface area is the sum of areas of the triangles and rectangles

47.3 + 75 = 122.3 = 122.30 cm²

Which geometric term describes ∠ T A G ?

Answers

Answer:

angle

Step-by-step explanation:

since there is a < sign, that makes it an angle. I'm not sure if that is the whole problem, or if It is missing a picture. Hope this helps!

Answer: i know it is acute

The diameter of a circle is 38 feet.what is the circles circumfrence. Use 3.14 for pi

Answers

Answer:

The circumference of the circle is 119.32 ft.

Step-by-step explanation:

The circumference of a circle can be solved through the formula:

C = πd

where d is the diameter

Given: d = 38 ft

π = 3.14

Solve:

C = πd

C = 3.14 (38 ft)

C = 119.32 ft

please answer in detail​

Answers

Answer:

AB: y = 2x + 4

Step-by-step explanation:

Line AB is parallel to the line y = 2x + 3

When 2 lines are parallel they have the same coefficient of x.

=> AB: y = 2x + m (1)

Because line AB passes through the point (0, 4)

Replace x = 0; y = 4 into (1) => 2 × 0 + m = 4 => m = 4

So AB: y = 2x + 4

solve the equation
a) y''-2y'-3y= e^4x
b) y''+y'-2y=3x*e^x
c) y"-9y'+20y=(x^2)*(e^4x)

Answers

Answer:

a) To solve the differential equation y''-2y'-3y= e^4x, we first find the characteristic equation:

r^2 - 2r - 3 = 0

Factoring, we get:

(r - 3)(r + 1) = 0

So the roots are r = 3 and r = -1.

The general solution to the homogeneous equation y'' - 2y' - 3y = 0 is:

y_h = c1e^3x + c2e^(-x)

To find the particular solution, we use the method of undetermined coefficients. Since e^4x is a solution to the homogeneous equation, we try a particular solution of the form:

y_p = Ae^4x

Taking the first and second derivatives of y_p, we get:

y_p' = 4Ae^4x

y_p'' = 16Ae^4x

Substituting these into the original differential equation, we get:

16Ae^4x - 8Ae^4x - 3Ae^4x = e^4x

Simplifying, we get:

5Ae^4x = e^4x

So:

A = 1/5

Therefore, the particular solution is:

y_p = (1/5)*e^4x

The general solution to the non-homogeneous equation is:

y = y_h + y_p

y = c1e^3x + c2e^(-x) + (1/5)*e^4x

b) To solve the differential equation y'' + y' - 2y = 3xe^x, we first find the characteristic equation:

r^2 + r - 2 = 0

Factoring, we get:

(r + 2)(r - 1) = 0

So the roots are r = -2 and r = 1.

The general solution to the homogeneous equation y'' + y' - 2y = 0 is:

y_h = c1e^(-2x) + c2e^x

To find the particular solution, we use the method of undetermined coefficients. Since 3xe^x is a solution to the homogeneous equation, we try a particular solution of the form:

y_p = (Ax + B)e^x

Taking the first and second derivatives of y_p, we get:

y_p' = Ae^x + (Ax + B)e^x

y_p'' = 2Ae^x + (Ax + B)e^x

Substituting these into the original differential equation, we get:

2Ae^x + (Ax + B)e^x + Ae^x + (Ax + B)e^x - 2(Ax + B)e^x = 3xe^x

Simplifying, we get:

3Ae^x = 3xe^x

So:

A = 1

Therefore, the particular solution is:

y_p = (x + B)e^x

Taking the derivative of y_p, we get:

y_p' = (x + 2 + B)e^x

Substituting back into the original differential equation, we get:

(x + 2 + B)e^x + (x + B)e^x - 2(x + B)e^x = 3xe^x

Simplifying, we get:

-xe^x - Be^x = 0

So:

B = -x

Therefore, the particular solution is:

y_p = xe^x

The general solution to the non-homogeneous equation is:

y = y_h + y_p

y = c1e^(-2x) + c2e^x + xe^x

c) To solve the differential equation y" - 9y' + 20y = x^2*e^4x, we first find the characteristic equation:

r^2 - 9r + 20 = 0

Factoring, we get:

(r - 5)(r - 4) = 0

So the roots are r = 5 and r = 4.

The general solution to the homogeneous equation y" - 9y' + 20y = 0 is:

y_h = c1e^4x + c2e^5x

To find the particular solution, we use the method of undetermined coefficients. Since x^2*e^4x is a solution to the homogeneous equation, we try a particular solution of the form:

y_p = (Ax^2 + Bx + C)e^4x

Taking the first and second derivatives of y_p, we get:

y_p' = (2Ax + B)e^4x + 4Axe^4x

y_p'' = 2Ae^4x +

Complete the truth table for (A ⋁ B) ⋀ ~(A ⋀ B).

Answers

The truth table for (A ⋁ B) ⋀ ~(A ⋀ B) is:

A   B   (A ⋁ B) ⋀ ~(A ⋀ B)

0   0                0

0    1                0

1     0               0

1     1                0

The truth table is what?

A truth table is a table that displays all possible combinations of truth values (true or false) for one or more propositions or logical expressions, as well as the truth value of the resulting compound proposition or expression that is created by combining them using logical operators like AND, OR, NOT, IMPLIES, etc.

The columns of a truth table reflect the propositions or expressions themselves as well as the compound expressions created by applying logical operators to them. The rows of a truth table correspond to the various possible combinations of truth values for the propositions or expressions.

To complete the truth table for (A ⋁ B) ⋀ ~(A ⋀ B), we need to consider all possible combinations of truth values for A and B.

A   B   A ⋁ B   A ⋀ B   ~(A ⋀ B)   (A ⋁ B) ⋀ ~(A ⋀ B)

0   0      0            0             1                      0

0    1       1            0             1                      0

1    0       1            0             1                      0

1    1        1             1             0                     0

So, the only case where the expression is true is when both A and B are true, and for all other cases it is false.

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What is the mean of the values in the stem-and-leaf plot?



Enter your answer in the box.

Answers

Answer:

mean = 24

Step-by-step explanation:

the mean is calculated as

mean = [tex]\frac{sum}{count}[/tex]

the sum of the data set is

sum = 12 + 13 + 15 + 28 + 28 + 30 + 42 = 168

there is a count of 7 in the data set , then

mean = [tex]\frac{168}{7}[/tex] = 24

PLEASE HELP

Find the Area

2cm

___cm^2

Answers

Answer:

3.14 cm^2

Step-by-step explanation:

1. Find radius:

If diameter is 2, divide it by 2 to get radius = 1

2. Find formula:

A=πr^2

3. Plug in:

A = π(1)^2

4. Solve (multiply):

A = π(1)^2:

3.14159265359

Or

3.14 cm^2

Answer:

3.14 cm^2

Step-by-step explanation:

A=[tex]\pi[/tex]r^2

r=2

2/2=1

A=[tex]\pi[/tex](1)^2

=[tex]\pi[/tex]1

≈3.14x1

≈3.14cm^2

1. You go to the ice cream shop with your friends and you can choose an ice cream, a topping
and sprinkles. How many different sundaes can you make when you order one flavor of ice
cream, one topping and one color of sprinkles from the chart below? Show all possible
outcomes in a tree diagram.
Ice Cream
Chocolate
Vanilla
Strawberry
Topping
Fudge
Marshmallow
Sprinkles
Chocolate
Rainbow
a. How many sample spaces are there? HINT: How many possible combinations?
b. P (Chocolate, Fudge, Rainbow)

Answers

A. There are 9 sample spaces.

B.  The probability of choosing Chocolate, Fudge, and Rainbow is 1/9

What is meant by sample spaces?

In probability theory, a sample space is the set of all possible outcomes of a random experiment or process. It is used to define the space of events and calculate probabilities.

What is meant by probability?

Probability is a measure of the likelihood of an event occurring, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty. It is calculated by dividing the number of favourable outcomes by the total number of possible outcomes.

According to the given information

A. There are 9 possible combinations (3 ice cream flavors x 3 toppings x 1 sprinkle color), so there are 9 sample spaces.

B.  The probability of choosing Chocolate, Fudge, and Rainbow is 1/9, assuming all combinations are equally likely.

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Please help with #13!!
13.
m mFP=
mPD=

Answers

Answer:

Step-by-step explanation:

36 26 so 36 +26 = 89

Suppose that the function h is defined as follows.
if
-2
-1
h(x)= 0
1
2
Graph the function h.
-3.5 if-2.5 if-1.5 if -0.5 if 0.5 ≤x≤1.5
+
X
Ś

Answers

The required graph of the function given; h (x) has been attached.

Define a graph?

In mathematics, graph theory is the study of graphs, which are mathematical structures used to represent pairwise interactions between objects. In this definition, a network is made up of nodes or points called vertices that are connected by edges, also called links or lines. In contrast to directed graphs, which have edges that connect two vertices asymmetrically, undirected graphs have edges that connect two vertices symmetrically. Graphs are one of the primary areas of study in discrete mathematics.

Here as per the question the graph of the function, h (x) has been attached.

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if f(x)= -3, then f'(x)=?​

Answers

Answer:

0

Step-by-step explanation:

0

See the photo below

Answers

This problem involves integration and algebraic manipulation, and belongs to the subject of calculus. The solutions are:

[tex]A) $\int_{0}^{2} (f(x) + g(x)) dx = -3$[/tex]
[tex]B) $\int_{0}^{3} (f(x) - g(x)) dx = -4$[/tex]
[tex]C) $\int_{2}^{3} (3f(x) + g(x)) dx = -32$[/tex]


What is the explanation for the above response?

This is a problem that asks us to find the values of some definite integrals using given values of other definite integrals. We are given three definite integrals, and we are asked to compute three other integrals involving the same functions, using the given values.

The problem involves some algebraic manipulation and the use of the linearity of the integral.

It also involves finding the constant "a" that makes a definite integral equal to zero. The integral involves two functions, "f(x)" and "g(x)," whose definite integrals over certain intervals are also given.

See the attached for the full solution.

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Lastly, let’s consider the alternative method of paying for college: paying with loans. You take out a loan in the amount of your tuition and fees cost for 5 years rounded up to the nearest thousand dollars (for example if the total cost is $55,787 the loan would be for $56,000). The loan has a monthly interest rate of 0.25% and a monthly payment of $250. How long will it take you to pay off the loan? Use the formula N= (-log⁡(1-i*A/P))/(log⁡(1+i)) to determine the number of months it will take you to pay off the loan. Let N represent the number of monthly payments that will need to be made, i represent the interest rate in decimal form, A represent the amount owed (total amount of the loan), and P represent the amount of your monthly payment. Be sure to show your work for all calculations made.

Answers

With given compound interest, it will take 27.25 years to pay off the loan.

What is Compound interest?

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, the interest that is earned on both the principal amount and any previously accumulated interest. In other words, it is interest that is calculated not only on the original amount of money but also on any interest that has been earned previously. This can result in significant growth of an investment or loan balance over time, as the interest earned on the accumulated interest can compound exponentially. Compound interest can be calculated using a specific formula that takes into account the principal amount, the interest rate, and the compounding frequency.

Now,

First, we need to calculate the total amount of the loan. We round up the tuition and fees cost for 5 years to the nearest thousand dollars:

Total cost = $70,000

Rounded up to nearest thousand = $70,000

So, the amount of the loan is $70,000.

Next, we can use the formula N= (-log⁡(1-i*A/P))/(log⁡(1+i)) to calculate the number of monthly payments needed to pay off the loan.

N = (-log(1-0.0025*70000/250))/(log(1+0.0025))

N = (-log(1.75))/(log(1.0025))

N = 326.45

Rounding up to the nearest whole number, it will take 327 monthly payments to pay off the loan.

So, it will take 327/12 = 27.25 years to pay off the loan.

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Write an equation in point-slope form. Part I: Create an equation of a line in point-slope form. Be sure to identify all parts of the equation before writing the equation. (3 points) Part II: Using the equation of the line you wrote in Part I, write an equation of a line that is perpendicular to this line. Show your work. (3 points)

Answers

The line's equation in point-slope form is shown here. Point (2, 5) is the given point on the line, and slope 2 is the given slope of the line. The slope of this line is -1/2, which is the negative reciprocal of the slope.

How do you formulate an equation in point-slope form?

A line's point slope form equation is [tex]y - y_1 = m(x - x_1)[/tex]. Consequently, y - 0 = m(x = 0), or y = mx, is the equation of a line passing through the origin with a slope of m.

We require a point on the line and the slope of the line in order to create a line equation in point-slope form. In point-slope form,

[tex]y - y1 = m(x - x1)[/tex]

As an illustration, suppose we want to formulate the equation of the line passing through the coordinates (2, 5) and having a slope of 2. The values can be entered into the point-slope form as follows:

y - 5 = 2(x - 2)Let's say the given line has the equation [tex]y - y1 = m(x - x1)[/tex], where (x1, y1) is a point on the line and m is the slope of the line.

we can use the given point (2, 5). Then we can plug in the values into the point-slope form:

[tex]y - 5 = (-1/2)(x - 2).[/tex]

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Triangle PQR is drawn with coordinates P(0, 2), Q(0, 5), R(1, 4). Determine the translation direction and number of units if R′(−7, 4).

8 units down
8 units up
8 units to the right
8 units to the left

Answers

It follows that the translation direction is 8 units to the left and 0 units up or down.

Describe translation?

A translation is a geometric change in Euclidean geometry where each point in a figure, shape, or space is moved uniformly in one direction. A translation can either be thought of as moving the origin of the coordinate system or as adding a constant vector to each point

The new vertices of a triangle with vertex locations of (0,0), (1,0), and (0,1), for instance, would be (2,3, (3,3), and (2,4) if the triangle were translated 2 units to the right and 3 units up.

We can use the following procedures to get the translation direction and number of units for R′(7, 4):

1. Determine the difference between R and R′'s x-coordinates:  −7 − 1 = 8

2. Determine the difference between R and R′'s y coordinates: 4 − 4 = 0

It follows that the translation direction is 8 units to the left and 0 units up or down.

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Given that sin 0 = 20/29 and that angle terminates in quadrant III, then what is the value of tan 0?

Answers

The value of Tanθ is 20/21.

What is Pythagorean Theorem?

A right triangle's three sides are related in Euclidean geometry by the Pythagorean theorem, also known as Pythagoras' theorem. According to this statement, the areas of the squares on the other two sides add up to the size of the square whose side is the hypotenuse.

Here, we have

Given: sinθ = -20/29 and that angle terminates in quadrant III.

We have to find the value of tanθ.

Using the definition of sine to find the known sides of the unit circle right triangle. The quadrant determines the sign on each of the values.

Sinθ = Perpendicular/hypotenuse

Find the adjacent side of the unit circle triangle. Since the hypotenuse and opposite sides are known, use the Pythagorean theorem to find the remaining side.

Adjacent = - √Hypotenuse² - perpenducualr²

Replace the known values in the equation.

Adjacent = -√29² - (-20)²

Adjacent = -21

Find the value of tangent.

Tanθ = Perpendicular/base

Tanθ = -20/(-21)

Hence, the value of Tanθ is 20/21.

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Given the expression 3x+2 evaluate the expression for the given values of x when x=(-2)

Answers

Answer:

...............................

Answer:

The answer is -4.

Explanation:

First, plug the value of x in.

3(-2)+2

Then, multiply 3 and -2 since they are next to each other and order of operations PEMDAS tells you to multiply first.

-6+2

Lastly, add -6 and 2 to get -4.

how am i supposed to prove that theyre collinear ​

Answers

Answer:

They are collinear if they are on the same line

if k(x) =3x, then f'(x)=?​

Answers

If k(x) = 3x, then f(x) = 3x^2 + C, where C is a constant. Taking the derivative of f(x), we get:

f'(x) = d/dx (3x^2 + C)
= 6x

So, f'(x) = 6x.

find the radius of a cylinder if the volume is 2,035.75 in^3 and the height is 3 times the radius. use the formula V= pi r^2h

Answers

The radius of the cylinder is approximately 6.75 inches.

How to calculate volume of cylinder?

We can use the formula for the volume of a cylinder to solve this problem:

[tex]V = \pi r^2h[/tex]

We know that the volume V is 2,035.75 [tex]in^3[/tex], and the height h is 3 times the radius r. So we can write:

[tex]V = \pi r^2(3r)[/tex]

Simplifying this expression, we get:

V = 3π[tex]r^3[/tex]

To solve for r, we can divide both sides of the equation by 3π[tex]r^2[/tex]:

V/(3π[tex]r^2[/tex]) = r

Substituting the given value for V, we have:

2,035.75/(3π[tex]r^2[/tex]) = r

Multiplying both sides by 3πr^2, we get:

2,035.75 = 3π[tex]r^3[/tex]

Dividing both sides by 3π, we have:

[tex]r^3[/tex] = 2,035.75 / (3π)

Taking the cube root of both sides, we get:

r = [tex](2,035.75 / (3\pi ))^{1/3[/tex]

Using a calculator, we find that:

r ≈ 6.75 inches

Therefore, The cylinder has a radius of about 6.75 inches.

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Write an equation for the polynomial graphed below

Answers

The polynomial in factor form is y(x) = - (1 / 6) · (x + 3) · (x + 1) · (x - 2) · (x - 3).

How to derive the equation of the polynomial

In this problem we find a representation of polynomial set on Cartesian plane, whose expression is described by the following formula in factor form:

y(x) = a · (x - r₁) · (x - r₂) · (x - r₃) · (x - r₄)

Where:

x - Independent variable.r₁, r₂, r₃, r₄ - Roots of the polynomial.a - Lead coefficient.y(x) - Dependent variable.

Then, by direct inspection we get the following information:

y(0) = - 3, r₁ = - 3, r₂ = - 1, r₃ = 2, r₄ = 3

First, determine the lead coefficient:

- 3 = a · (0 + 3) · (0 + 1) · (0 - 2) · (0 - 3)

- 3 = a · 3 · 1 · (- 2) · (- 3)

- 3 = 18 · a  

a = - 1 / 6

Second, write the complete expression:

y(x) = - (1 / 6) · (x + 3) · (x + 1) · (x - 2) · (x - 3)

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La Suma delos cuadrados de dos números naturales consecutivos es 181 halla dichos numeros

Answers

The two consecutive natural numbers whose sum of squares is 181 are 9 and 10

Let's assume that the two consecutive natural numbers are x and x+1. Then, we can write an equation based on the given information:

x² + (x+1)² = 181

Expanding the equation:

x² + x² + 2x + 1 = 181

Combining like terms:

2x² + 2x - 180 = 0

Dividing both sides by 2:

x² + x - 90 = 0

Now, we can use the quadratic formula to solve for x:

x = (-b ± √(b² - 4ac)) / 2a

where a = 1, b = 1, and c = -90

x = (-1 ± √(1 + 360)) / 2

x = (-1 ± √(361)) / 2

x = (-1 ± 19) / 2

We discard the negative value, as it does not correspond to a natural number:

x = 9

Therefore, the two consecutive natural numbers are 9 and 10, and their sum of squares is 81 + 100 = 181.

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Find each arc length. Round to the nearest tenth.




If FG = 27 yd, find the length of FED.


mFED= yards


(30 points) will give brainiest for effort

Answers

The length of arc FED is approximately 51.1 yards, rounded to the nearest tenth.

What is an arc length?

The length of a section of a circle's circumference is known as an arc length.

The radius of the circle and the angle the arc subtends at the centre of the circle are two variables that affect an arc's length.

To find the length of FED, we need to first find the measure of the arc EGD. Since a circle has 360 degrees, we can find the measure of arc EGD by subtracting the measures of arcs DGC, CGF, and FGE from 360:

m(EGD) = 360° - m(DGC) - m(CGF) - m(FGE)

m(EGD) = 360° - 80° - 47° - 90°

m(EGD) = 143°

The formula for arc length is:

Arc length = (central angle / 360) x (2πr)

We can use this information to find the radius of the circle:

FG = 2r

27 yd = 2r

r = 13.5 yd

Now we can use the formula for arc length to find the length of arc FED:

Arc length FED = ((∠FED) / 360) x (2πr)

We know that ∠(EGD) + ∠(FED) = 360, so we can solve for ∠(FED):

∠(FED) = 360° - ∠(EGD)

∠(FED) = 360° - 143°

∠(FED) = 217°

Plugging in the values, we get:

Arc length FED = (217° / 360) x (2π x 13.5 yd)

Arc length FED = (0.6028) x (84.78 yd)

Arc length FED = 51.11 yd

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How much money would an investment of 300 at rate of 12 percent compound monthly be after 4 years

Answers

Answer:

data given

principal 300

rate12%

time 4 years

Step-by-step explanation:

from

A=P[1+r/100]^n

where

A is amount

p is principal

r is rate

n is interest period

now,

A= 300[1+12/(100×12)]^(12×4)

A=300×1.01^48

A=483.67

: .would be 483.67

Help me pleas whith this

Answers

The answer is c out of the options the third one

Consider the verbal phrase.

Two and nineteen hundredths times a number g, plus fifty-nine hundredths

Part A

Enter an expression to represent the verbal phrase.

g +


Part B

Evaluate the expression when g = 3.
3.96
7.16
8.34
8.93

Answers

verbal phrase can be represented by 7.16.

What is the verbal phrase?

Part A:

The verbal phrase can be represented by the following expression:

[tex]2.19g + 0.59[/tex]

Here, "Two and nineteen hundredths times a number g" can be written as 2.19g, and "plus fifty-nine hundredths" can be written as [tex]0.59[/tex]  .

Part B:

To evaluate the expression when  [tex]g = 3[/tex], we substitute 3 for g in the expression and simplify:

[tex]2.19g + 0.59[/tex]

[tex]= 2.19(3) + 0.59 [\ Substitute g = 3][/tex]

[tex]= 6.57 + 0.59[/tex]

[tex]= 7.16[/tex]

Therefore, the correct answer is [tex]7.16.[/tex]

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The given question is incomplete. the complete question is given below:

Consider the verbal phrase.

Two and nineteen hundredths times a number g, plus fifty-nine hundredths

Part A

Enter an expression to represent the verbal phrase.

g +

Part B

Evaluate the expression when g = 3.

3.96

7.16

8.34

8.93

The monthly cost (in dollars) of a long-distance phone plan is a linear function of the total calling time (in minutes). The monthly cost for 35 minutes of calls is $16.83 and the monthly cost for 52 minutes is $18.87. What is the monthly cost for 39 minutes of calls?

Answers

Answer: We can use the two given points to find the equation of the line and then plug in 39 for the calling time to find the corresponding monthly cost.

Let x be the calling time (in minutes) and y be the monthly cost (in dollars). Then we have the following two points:

(x1, y1) = (35, 16.83)

(x2, y2) = (52, 18.87)

The slope of the line passing through these two points is:

m = (y2 - y1) / (x2 - x1) = (18.87 - 16.83) / (52 - 35) = 0.27

Using point-slope form with the first point, we get:

y - y1 = m(x - x1)

y - 16.83 = 0.27(x - 35)

Simplifying, we get:

y = 0.27x + 7.74

Therefore, the monthly cost for 39 minutes of calls is:

y = 0.27(39) + 7.74 = $18.21

Step-by-step explanation:

You can afford a $1000 per month mortgage payment. You've found a 30 year loan at 5.3% interest.
a) How big of a loan can you afford? (Round to the nearest cent, as needed.)
$
b) How much total money will you pay the loan company? (Round to the nearest cent, as needed.)
$
c) How much of that money is interest? (Round to the nearest cent, as needed.)

Answers

Answer:

a) To find out how big of a loan you can afford, we can use the formula for the monthly payment of a mortgage:

M = P [ i(1 + i)^n ] / [ (1 + i)^n - 1 ]

where M is the monthly payment, P is the principal (the amount borrowed), i is the monthly interest rate (which is the annual interest rate divided by 12), and n is the number of monthly payments (which is the number of years times 12).

In this case, we know that M = $1,000, i = 0.053/12, and n = 30 x 12 = 360. We want to solve for P, the principal we can afford.

Substituting these values into the formula, we get:

$1,000 = P [ 0.004416(1 + 0.004416)^360 ] / [ (1 + 0.004416)^360 - 1 ]

Simplifying and solving for P, we get:

P = $183,928.72

Therefore, you can afford a loan of approximately $183,928.72.

b) The total money paid to the loan company will be the monthly payment multiplied by the number of payments over the life of the loan. In this case, we have:

Total money paid = $1,000 x 360 = $360,000

Therefore, the total amount of money paid to the loan company will be $360,000.

c) To find out how much of that money is interest, we can subtract the principal from the total amount paid. In this case, we have:

Interest paid = Total money paid - Principal = $360,000 - $183,928.72 = $176,071.28

Therefore, the amount of money paid in interest will be $176,071.28.

solve for the unknown to find the unit rate

1/5 ?
----- = -----
1/20 1

Answers

Answer: 4

Step-by-step explanation:

To find the unit rate, we can cross-multiply the fractions.

Multiplying the numerator of the first fraction by the denominator of the second fraction, we get 1/5.

Multiplying the numerator of the second fraction by the denominator of the first fraction, we get 1/20.

Now we have the equation 1/5 = 1/20.

To solve for the unknown, we can cross-multiply again, which gives us 20 * 1/5 = 4.

Therefore, the unit rate is 4.

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