Suppose someone takes out a home improvement loan for $30000. The annual interest on the loan is 6% and is compounded monthly. The monthly payment is $600. Let a denote the amount owed at the end of the nth month. The payments start in the first month and are due the last day of every month - this means in a given month interest is added first, and then the payment is applied to the resulting loan Balance.

a. Give a recursive definition for a,. including the recurrence relation and the base case.
b. Suppose that the borrower would like a lower monthly payment. How large does the monthly payment need to be to ensure that the amount owed decreases every month?

Answers

Answer 1

Answer:

a) Initial (Base) a[tex]_0[/tex] = 30000

b) the monthly payment needs to $150

Step-by-step explanation:

Given the data in the question;

a. Give a recursive definition for a,. including the recurrence relation and the base case.

the annual interest on the loan is 6% compounded monthly;

⇒ i = 6% / 12

i = 0.5%

so, the recurrence relation is a[tex]_n[/tex] = a[tex]_{n-1}[/tex]( 1 + i/100) - 600

Here Initial (Base) a[tex]_0[/tex] = 30000

b) Suppose that the borrower would like a lower monthly payment. How large does the monthly payment need to be to ensure that the amount owed decreases every month

Let p be the required monthly payment,

then the condition will be;  a[tex]_n[/tex] ≤ a[tex]_{n-1}[/tex]

a[tex]_{n-1}[/tex]( 1 + i/100) - p ≤ a[tex]_{n-1}[/tex]

a[tex]_{n-1}[/tex]( 1 + i/100) - a[tex]_{n-1}[/tex] ≤ p

a[tex]_{n-1}[/tex]( 1 + i/100 - 1) ≤ p

a[tex]_{n-1}[/tex](  i/100 ) ≤ p

a[tex]_{n-1}[/tex] ≤ p ( 100/i )

a[tex]_{1-1}[/tex] ≤ p ( 100/0.5 )

a[tex]_0[/tex] ≤ p (200)

we know that; a[tex]_0[/tex] = 30000

so

30000 ≤ p (200)

p  ≤  30000 / 200

p  ≤  150

Therefore, the monthly payment needs to $150


Related Questions

solve 2x = 1/32

1/5
5
-5

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The answer is 1/64.
And this is a easy question

64 Books on 4 Shelves how maany books per Shelf?

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Answer:

256

Step-by-step explanation:

Answer:

16 is the answer because 64/4 is 16 so 16*4 is 64 meaning that there are 16 books on each shelf

Step-by-step explanation:

hope this helped

133 is a whole number. true or false​

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Answer:true

Step-by-step explanation:

the answer will be true :)

(5,2) & (-3, 6)

questions said slope intercept form
write the equation of the line that passes through the two Points ​

Answers

Answer:

-1/2x + 4.5

Step-by-step explanation:

Find out the slope by substituting the values in the formulas.

y2 - y1 / x2 - x1      6 - 2 / -3 - 5

-1/2

Now find the y-intercept.

y = mx + b

6 = -1/2 (-3) + b

6 = 3/2 + b

9/2 = b

What number should go into the blank so that the two expressions are equivalent to each other?
4(4b + 17c) = __b + 68c

Answers

16
because solve the first expression
4(4b+17c)
=16b + 68c

help me please, please

Answers

-243 x -128
——————-
-27 x -32

31104/864
=36

Find the measure of 46.
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46
o
66 = [?]

Answers

Answer:

angle 6 is equal to 70° vertically opposite angle on the same side of transeversal.

HELP please my friend needs help with his MATH homework, see picture for problem TY :)

Answers

Answer: 207.34512

Plug in values into your formula
SA = 2•pi•r^2 + 2•pi•r•h

SA = 2•pi•3^2 +2•pi•3•8

Height (h) = 8in.
Radius (r) = 3 (diameter divided by 2)
Diameter = 6
The formula for surface area is
SA = 2πr^2 + 2πrh
Where SA means surface area, r stands for radius, and h stands for height.

First find the radius. The radius of a circle is the distance from the outside of the circle to its center. It is half the diameter. To find the radius, divide the diameter by two.
r = 6/2
r = 3 inches

Now plug in the values for radius and height into your formula. Use pi = 3.14

SA = 2(3.14)r^2 + 2(3.14)rh
SA = 2(3.14)(3)^2 + 2(3.14)(3)(8)
SA = 6.28(9) + 6.28(24)
SA = 56.52 + 150.72
SA = 207.24 inches

GEOMETRY

PLEASE HELP

PICTURE INCLUDED

Answers

Answer:

x = 25°

Step-by-step explanation:

3x + 30 + 2x + 3x + 30 + 4x = 360° (a full circle contains 360°)

12x + 60° = 360°

12x = 300°

x = 25°

A box of corn flakes has a square base with sides that measure 7 centimeters in length and the height of the box is 20 centimeters. If V represents the volume of the box, what is the maximum volume of corn flakes this box can hold?
A. 900
B. 925
C. 950
D. 980

Answers

Answer:B

Step-by-step explanation:

Answer:

its B

Step-by-step explanation:

use the table to predict the number of times you spin 5 when you spin the spinner 100 times​

Answers

Answer:

14

Step-by-step explanation:

Add all values in "Times spun".

9 + 11 + 7 + 9 + 7 + 7

= 50

The spinner was spun a total of 50 times in the table.

We are looking for information if the spinner is spun 100 times, which is double of 50.

To predict information for spinning 100 times, double the data given in the table.

# of times "5" was spun for 50 spins (in table): 7

Double 7:

7 * 2 = 14

# of times "5" will likely be spun for 100 spins: 14

Or, solve using proportions:

The proportions are given in: (times "5" was spun)/(total spins)

[tex]\frac{7}{50} = \frac{?}{100}[/tex]

Since you double 50 to make 100, double 7 to solve for "?"

[tex]\frac{7}{50} = \frac{14}{100}[/tex]

∴ if you spin the spinner 100 times, you will spin "5" 14 times.

Answer:

14

Step-by-step explanation:

7 * 2 = 14

1 A can in the shape of a cylinder has a diameter of 6 centimeters and a height of 10
centimeters. Which measurement is closest to the total surface area of the can in
square centimeters?

Answers

Answer:

radius r = 3 cm

height h = 10 cm

volume V = 282.743339 cm^3

lateral surface area L = 188.495559 cm^2

top surface area T = 28.2743339 cm^2

base surface area B = 28.2743339 cm^2

total surface area A = 245.044227 cm^2

In Terms of Pi π

volume V = 90 π cm3

lateral surface area L = 60 π cm^2

top surface area T = 9 π cm^2

base surface area B = 9 π cm^2

total surface area A = 78 π cm^2

Step-by-step explanation:

Cylinder Formulas in terms of r and h:

Calculate volume of a cylinder:

V = πr2h

Calculate the lateral surface area of a cylinder (just the curved outside)**:

L = 2πrh

Calculate the top and bottom surface area of a cylinder (2 circles):

T = B = πr2

Total surface area of a closed cylinder is:

A = L + T + B = 2πrh + 2(πr2) = 2πr(h+r)

Agenda: r = radius

h = height

V = volume

L = lateral surface area

T = top surface area

B = base surface area

A = total surface area

π = pi = 3.1415926535898

√ = square root

The value of Surface Area of the cylinder is 245.04 cm².

What is Surface Area of a shape ?

Surface area is the amount of space covering the outside of a three-dimensional shape.

It is given that the cylinder has

radius r = 3 cm

height h = 10 cm

volume V of the cylinder = πr²h = 282.74 cm³

the lateral surface area of a cylinder

L = 2πrh

lateral surface area L = 188.495559 cm²

the top and bottom surface area of a cylinder (2 circles):

T = B = πr²

top surface area T = 28.2743339 cm²

base surface area B = 28.2743339 cm²

Total surface area of a closed cylinder is:

A = L + T + B = 2πrh + 2(πr2) = 2πr(h+r)

total surface area A = 245.044227 cm²

total surface area A = 78 π cm²

Therefore the value of Surface Area of the cylinder is 245.04 cm².

To know more about Surface Area

https://brainly.com/question/2835293

#SPJ5

A rectangular prism has a width of x^2 inches, A length of xy^2 inches, and a height of y^2 inches. Which expression represents the volume in cubic inches of this rectangular prism

Answers

Answer:

[tex]Volume = x^3y^4[/tex]

Step-by-step explanation:

Given

[tex]Length = xy^2[/tex]

[tex]Height = y^2[/tex]

[tex]Width = x^2[/tex]

Required

Determine the volume

The volume is calculated as:

[tex]Volume = Length * Width * Height[/tex]

[tex]Volume = xy^2 * x^2 * y^2[/tex]

This gives:

[tex]Volume = x^3y^4[/tex]

Lucas is planting grass on the shaded portions of the yard. What will be the total area covered by​ grass?

Answers

Complete Question:

Lucas is planting grass on the shaded portions of the yard. What will be the total area of covered by grass? Fill in the missing.

Part A= 12 x ? = ? ft²

Part B= 0.5 x ? x 9 = ?ft²

Part C= 0.5 x 7 x ? = ?ft²

Total Area= ?ft²

Answer:

[tex]A = 108ft^2[/tex]

[tex]B = 27ft^2[/tex]

[tex]C = 24.5ft^2[/tex]

[tex]Area = 159.50ft^2[/tex]

Step-by-step explanation:

Given

See attachment

From the attachment;

Part A is a rectangle with dimension 9ft by 12ft

So,

[tex]A = 12ft * 9ft[/tex]

[tex]A = 108ft^2[/tex]

Part B is a triangle with dimension: height = 6 and base = 9

The height is calculated as:

[tex]Height = 12ft - 6ft = 6ft[/tex]

And the base is:

[tex]Base = 18ft - 9ft = 9ft[/tex]

So, the area is:

[tex]B = 0.5 * 6ft * 9ft[/tex]

[tex]B = 27ft^2[/tex]

Part C is a triangle with dimension: height = 7 and base = 7

So, the area is:

[tex]C = 0.5 * 7 * 7ft^2[/tex]

[tex]C = 24.5ft^2[/tex]

Total Area is:

[tex]Area = A + B + C[/tex]

[tex]Area = 108ft^2 + 27ft^2 + 24.5ft^2[/tex]

[tex]Area = 159.50ft^2[/tex]

Which is the area of the rectangle?

Answers

B is the answer , hope it’s correct

[4 ×{ 3 - ( 2- 1/3 )}]​

Answers

Hopes this helps:

Answer: 16/3

1. Simplify 2 - 1/3 to 5/3.
4(3- 5/3)

2. Simplify 3 - 5/3 to 4/3.
4 • 4/3

3. Use this rule: a • b/c = ab/c.
4 • 4/ 3

4. Simplify 4 • 4 to 16.
16/3
16/3 is the correct answer !!!! Hope thsi helps bye

Help me please I give brainliest and be serious

Answers

Answer:

y=120

Step-by-step explanation:

y=0.75x-0.15x

x=200

y=0.75x200-0.15x200

y=150-30

y=120

I hope this helps :D

What is the value of x4+0.5y3when x=2 and y=4?

Answers

Answer:

14

Step-by-step explanation:

Help need to know the cross section shape

Answers

Answer:

Step-by-step explanation:

Rectangle

The graph of a quadratic equation in two variables whose axis of symmetry is parallel to the y axis is a parabola.
Select one:
True
False

Answers

Answer:

The correct option is;

False

Step-by-step explanation:

The equation of the graphs of conic sections (all of which can have axis of symmetry that can be oriented parallel to the y-axis) includes;

Circle; (x - h)² + (y - k)² = r²

Parabola; y = a·(x - h)² + k

[tex]Ellipse; \dfrac{(x - h)^2}{a^2} + \dfrac{(y - k)^2}{b^2} = 1[/tex]

[tex]Hyperbola; \dfrac{(x - h)^2}{a^2} + \dfrac{(y - k)^2}{b^2} = 1[/tex]

The graph of a quadratic equation in two variables whose axis of symmetry is parallel to the y-axis can be either a circle, a parabola, an ellipse, or an hyperbola

Therefore, the graph may not be the graph of a parabola and the statement is false

Answer:

The correct answer is True

Step-by-step explanation:

I took the quiz and got it right.

What is the image point of (7,0) after a translation right 2 units and up 1 unit?

Answers

Answer: (9,1)

Step-by-step explanation: This is because x (7) moves left and right, and y (0) moves up and down. the formula would be (x, y) --->(x+2, y+1)

The midpoints of the hexagon are connected to form another hexagon, this pattern continues indefinitely. If the area of the 99th hexagon formed by this pattern is 1, what is the area of the original hexagon?

Answers

Answer:

(4/3)⁹⁸ units²

Step-by-step explanation:

Regular hexagons have a property that cutting off the triangles obtained by joining the midpoints of consecutive sides leaves a hexagon of 3/4 of the area.

This means the area of each hexagon inside out starting from the one with unit area is 4/3 of the previous one.

99 ⇒ 198 ⇒ 1*4/397 ⇒ 1*(4/3)²...1 ⇒ (4/3)⁹⁹⁻¹

The original hexagon has the area of:

(4/3)⁹⁸ units²

Answer:

(4/3)^98units.

Step-by-step explanation:

By hexagonal property in which cut off the triangles obtained be the joining of m.p of adjacent sides which left 3/4 of total area.

Tyrone jogged 5 miles along the fitness trail. How many feet did he jog? How many inches did he jog?

Answers

Answer: Tyrone is body built so you can assume he takes very big steps so i'll say about 69 inches

Step-by-step explanation: The math is common sense

12. 14.5% of 90 is n. The value of n is 15.​

Answers

Answer:14.5% of 19 is 13.05, so the value of n would actually be 13.05

Find the indicated function values for the following function:
f(x) = 2x² - 3x + 4
7. f(-2) =
a. 18
b. 2
C. 6
d. none of the above

Answers

Answer:

7. A

8. C

Step-by-step explanation:

7. 2(-2)^2 - 3(-2) + 4 = 18 (A.)

8. 2(3a)^2 - 3(3a) + 4 = C

Jill wants to solve the following system using the elimination method:
Y = X + 8
y = 3x - 11
What number should the equation = x + 8 be multiplied by to eliminate x?
3

Answers

Answer:

3

Step-by-step explanation:

y= x + 8..... (1)

y= 3x - 11..... (2)

y - x = 8..... (3)

y - 3x = -11..... (4)

eliminating x:

(3) × 3: 3y - 3x = 24 ........ (5)

(4) × 1: y - 3x = -11 ......... (6)

(5) - (6): 2y = 35

Divide both sides by 2, therefore, y = 17.5

substitute the value of y into (3)

y - x = 8

17.5 - x = 8

17.5 - 8 = x

9.5 = x

I hope it'll help

PLS HELP!!! What is the total surface area of the square pyramid whose net is shown below?

400 in^3

1200 in^3

800 in^3

1600 in^3

Answers

Answer:

(20×20)+(2×20×30)

400+1200

1600inches^2

Answer:

1600 in^2

Step-by-step explanation:

We only have to add the areas of one square in the centre and 4 surrounding triangles.

area of the square=20×20=400 in^2

area of one triangle=1/2×20×30=300 in^2

area of four triangles=4×300=1200 in^2

So, total surface area of the square pyramid=400+1200=1600 in^2

*The units given should be in^2.

The sum of two numbers is 3472.
one of the numbers is 1968.
find the other number​

Answers

Answer:

1504

Step-by-step explanation:

3472-1968=1504

CHECK

1968+1504=3472

PLEASE HELP ME!!!! HOW DO I GRAPH THIS??????

Answers

Answer:

draw the picture then put a box around it and label the body parts and that fun stuff

Use distributive property to remove the parenthesis for:
(1-y+x)(-6)

Answers

-6+6y-6x

there ya go can u please give me brainliest

Answer:

Step-by-step explanation:

Multiply -6 to the first bracket so it would be

-6+6y-6x This is the answer

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