You take out an installment loan to purchase a sailplane costing $34,100. You make a down payment of $8,600 and finance the balance by making monthly payments of $1,176.72 for 24 months. Use the APR formula to find the APR.

Answers

Answer 1

Answer:

APR = 10% (Approx.)

Step-by-step explanation:

Given:

Purchase cost = $34,100

Down payment = $8,600

Monthly payment (pmt) = $1,176.72

Number of month (nper) = 24 months

Find:

APR

Computation:

Present Value (pv) = $34,100 - $8,600

Present Value (pv) = $25,500

Using excel formula  

APR = Rate(nper,pmt, pv)  

APR = Rate (24, 1,176.72, 25,500)

APR = 0.8335 x 12

APR = 10% (Approx.)


Related Questions

Simplify. 3x - 7y - (-2x) - y
5x + 8y
5x - 8y
x-8y
x-8y​

Answers

Answer:

the first one is 14xy+3x-y

the second one nothing can be done so that would be ur answer

the third one nothing can be done so that would be ur answer

the fourth one and the fifth one nothing can be done so that would be ur answer

Answer:

3x-7y-\left(-2x\right)-y\cdot \:5x+8y\cdot \:5x-8yx-8yx-8y=19xy+5x-15y

Step-by-step explanation:

Evaluate the expression for the value given.
6a
4a; when a = 2

Answers

Answer:

20

Step-by-step explanation:

6(a)+4(a).

6(2)+4(2)=12+8=20

final answer is 20

the answers are
6a= 12
4a= 8

OR
HV
To take sweepstakes for the largest pumpkin crop at
the Riverside County Fair, the average weight of
Ethan's two pumpkins must be greater than 875 lbs.
One of his pumpkins weighs 903 lbs. What is the least
amount of pounds the second pumpkin could weigh in
order for Ethan to win the prize?

Answers

Answer:

the pumpkin needs to be more than 847 pounds

Step-by-step explanation:

Which of the following is not a true statement about the product of 150 and £?
It is one-third of 150.
It is between 25 and 75.
It is less than 100.
It is greater than 150.

Answers

Answer:

C

Step-by-step explanation:

Luciana is adding water to a pool at a constant rate. Before she added any water

Answers

Answer:

The rate of change would be zero?

Step-by-step explanation:

A Ratio of the number of girls to the number of boys in band is 10 to 9. There are 50 girls in band. How many boys are in band? (helpppp meee)​

Answers

Answer:

45

Step-by-step explanation:

10x5 is 50

so now you have to multiply 9x5 and you get 45

Simplify the expression

(4i)(2i)(-9i)

Answers

Answer:

Step-by-step explanation:

(4i)*(2i)*(-9i) = 4*2*(-9) * i³           { i³ = -i}

                    = -72 *(-i)          

                   = 72i

x + 2/3 = -4 one step equation

Answers

Answer:

-4.666666667

Step-by-step explanation:

x + 2/3 = -4

x = -4 - 2/3

x = -4.666666667

Anne and Dawn share £120 in the ratio 5:3. How much did Dawn receive?

Answers

Answer:

45 !!

Step-by-step explanation:

Anne = 5x

Dawn= 3x

Amount = 120

5x + 3x = 120

8x = 120

x= 120/8 = 15

Anne = 5x = 15 x 5 = 75

Dawn= 3x = 15 x 3 = 45

I hope im right!!

Ayman is on his way home in his car. He has driven 30 kilometers so far, which is three-fifths of the way home. What is the total length of his drive

Answers

If Ayman has driven 30 miles so far (three - fifths of the way home) you can calculate what is the total length of her drive using the following steps-

x total length three - fifths of the way home = 30 miles

3/5 of x = 30 miles

3 / 5 * x = 30 /*5/ 3

x = 30 * 5/3

x = 50 miles

The total length of her drive is 50 miles.

What is the equation of the line that passes through the point (2,7) and has a slope
of 6?

Answers

Answer (assuming it can be in point-slope form):

[tex]y-7 = 6(x-2)[/tex]    

Step-by-step explanation:

Use the point-slope formula [tex]y-y_1 = m (x-x_1)[/tex] to write the equation of the line in point-slope form. All you need to do is substitute [tex]m[/tex], [tex]x_1[/tex], and [tex]y_1[/tex] for real values.

Since [tex]m[/tex] represents the slope, substitute 6 in its place. Since [tex]x_1[/tex] and [tex]y_1[/tex] represent the x and y values of one point the line intersects, take the x and y values of (2,7) and substitute them into the formula as well. So, substitute 2 for [tex]x_1[/tex] and 7 for [tex]y_1[/tex]. This gives the following equation and answer:

[tex]y-7 = 6(x-2)[/tex]

Please help me , I’m really trying to finish my math homework !

Answers

Answer:

line A:  y = 1/2x + 8

line B:  y = -1/2x + 16

solution is (8, 12)

Step-by-step explanation:

Anybody know ? I need help

Answers

Answer:

It's blank

Step-by-step explanation:

can’t see the picture, tey posting again

What is the area of the right triangle ABC, given a(1,4), B(3,2), and C(-1,-2)

Answers

Answer:

NOW CAN U PLS ADD ME ON SNAP

Step-by-step explanation:

arshad2623f

We will remove two marbles from a jar that contains 3 green marbles, 2 blue marbles, 1 white marble, and 1 black marble. We might consider the conditional probability that the second marble we remove is green given that the first marble removed was green. Use the multiplication rule to calculate P( second green | first green). Convert your answer to a decimal and round to three decimal places.

Answers

Answer:

P( second green | first green) = 1/3

Step-by-step explanation:

There are 7 marbles in the jar in total

After the first pick, given the marble removes is green marbles, how many green marbles are there left in the jar? How many marbles are there left in the jar?

Green marbles left: 2

Marbles left: 6

Using the multiplication law of probability,

P(A∩B) = P(A) x P(B|A)

P(second green | first green) = P(second green and first green) / P(first green)

P(second green and first green) = 3/7 x 2/6 = 1/7

P(first green) = 3/7

∴(1/7) / (3/7) = 1/3

Thus, we come up to the conclusion P( second green | first green) = 1/3

free feet pic clickbait if u answer w full explimation

Answers

yo yoooo. no need for the free pic

Show and/or explain why (1/3)^3 = 1/27​

Answers

(1)^3 /(3)^3
(1x1x1)/{3x3x3}
1/27 hope it helps :))
(1/3)^3 = (1/3)*(1/3)*(1/3)

When you multiply fractions, you multiply all the numerators and all the denominators. Since the numerator is just 1, 1*1*1=1. The denominator is 3, and 3*3=9, 9*3=27. Therefore, 1/27.

what is the answer to can someone pls help me 5x-4=21?​

Answers

[tex]5x - 4 = 21[/tex]

[tex] = > 5x = 21 + 4[/tex]

[tex] = > 5x = 25[/tex]

[tex] = > x = \frac{21}{5} [/tex]

[tex] = > x = 5[/tex]

Hence, value of x is 5

last question on my test! please show some sort of work so i know its correct :) thanks! - dusty.

Answers

Answer:

this was 3 minutes ago... you still need the answer?

Step-by-step explanation:

The total bill for an exterminator was $385. She charges $35 to spray each room. How many rooms were sprayed?

Answers

11 rooms were sprayed
- $385 in total
- $35 for each room
- $385 \ $35 = 11
- 11 rooms is your answer (:

Which equation is equivalent to 2^3x=10

Answers

Answer:

log2 3x=10

Step-by-step explanation:

Answer:

[tex]\log_210=3x[/tex]

Step-by-step explanation:

The general form of logarithms is

[tex]\log_{b}a=x[/tex]

It can be written as

[tex]b^{x}=a[/tex]

where,

[tex]b[/tex] = Base of the logarithm

Here, the given expression is

[tex]2^{3x}=10[/tex]

So, it can be written as

[tex]\log_{2}10=3x[/tex]

Therefore, the required expression is [tex]\log_{2}10=3x[/tex]

Learn more:

https://brainly.com/question/8657113

https://brainly.com/question/20785664

What’s the equation in fully simplified slope intercept form ? Will mark Brianliest !!!!!!!!!!!!! HELP !!!!!!!

Answers

Answer:

y= -1/2x -1

Step-by-step explanation:

The slope can be found by finding two points and essentially counting how many "up and over". Im sure you have heard this.

The intercept is where it hits on the Y-axis.

Answer:

its orign

Step-by-step explanation:

LAST QUESTION....im runing out of points- ANWAYS ✨✨✨ WHAT is you favorite 3 COLORS....mines are yellow light blue and pink​

Answers

Answer:

navy blue black and marron

Step-by-step explanation:

A t-shirt that normally costs $21.95 is on sale at a 15% discount. What is the sale price?

Answers

Answer:

I think it is $18.65 sorry if wrong

A hockey player gets 2 goals for every 13 shots. At this rate, how many goals will he make if he
takes 39 shots?

Answers

Answer:

6

Step-by-step explanation:

Answer:

6

Step-by-step explanation:

2×3=6

Have a nice day!

P.S. If you have time, please answer this! https://brainly.com/question/22453568

Timothy has 2 turtles named Buster and Bubbles. Buster is 75 millimeters long and Bubbles is 6 centimeters long. Buster is longer. Is this true or false?

Answers

Answer:

TRUE

Step-by-step explanation:

Buster measures 75 millimeters.

This converts to 7.5 centimeters.

Buster's length of 7.5 centimeters is greater than Bubble's length of 6 centimeters.

When the Buster is 75 millimeters long and Bubbles is 6 centimeters long so here the Buster should be longer. So, it is true.

Calculation of who is longer:

Since Timothy has 2 turtles named Buster and Bubbles. Buster is 75 millimeters long and Bubbles is 6 centimeters long

Now if convert 75 millimeters to centimeters so it is 7.5 centimeters.

And the Bubbles is 6 centimeters long

So based on this, we can say that buster should be longer.

Learn more about length here: https://brainly.com/question/11826100

Laura tiene en su cuenta ahorro del banco $23.500. Si paga el recibo de la luz que son $12.000
además también paga el recibo del teléfono que son $13.500. ¿Cuánto dinero queda en su cuenta?

Answers

Answer:

le queda -2

Step-by-step explanation:

porque 23.500 - 12.000 = 11.5 - 13.500 = -2

Please help! Will give lot of points

Answers

Answer:

A. 8.7

Step-by-step explanation:

You're simply rounding to the nearest tenth which is the nearest 0.1 place.

So therefore, 8.743 is going to be rounded to 8.7.

hope this helps and is right :)

Answer:

The Answer is 8.7

So It's The First One

Step-by-step explanation:

Hope This Helps :)

Plz Mark Brainliest!!!

identify the terms, coefficients, and constants in the expression

expression: 4f+8

Answers

Answer:

Terms: 4f and 8, coefficient: 4, and constant: 8

Step-by-step explanation:

Terms in an equation are every single part (not including the +, -, etc.)

Coefficients are the numbers in front of a variable (letter)

Constants are numbers that do not have a letter attached to them

Question 20 of 45
In right triangle ABC shown below, what is the length of AC ?

Answers

In this question, you have to use the Pythagorean theorem. (the formula is in the box, ‘a squared’ and ‘b squared’ is used to find the legs of the triangle, while the ‘c squared’ in the formula is used to find the hypotenuse of the triangle.
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