Your business loan has a variable interest rate. Next month the annual rate will jump from 6.3% to 7.8%. Your balance is
$1,620,000. How much will your monthly payment go up?

Answers

Answer 1

Answer:

$2,025

Step-by-step explanation:

Answer 2

The monthly payment will be increased by $‭2,025‬.

What is an amount?

The quantity of money anyone has is termed as the amount. Your monthly payment based on the rate of 6.3% per annum is:

= (6.3% * 1,620,000 ) / 12 months

= 102,060‬ / 12

= $‭8,505‬

Now that the rate has gone up to 7.8% per annum, the payment is:

=  (7.8% * 1,620,000 ) / 12 months

= ‭126,360‬ / 12

= $‭10,530‬

Payment went up by:

= ‭10,530‬ - 8,505

= $‭2,025‬

Therefore the monthly payment will be increased by $‭2,025‬.

To know more about the amount follow

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Related Questions

Drag each tile to the correct box.
The creators of a new organic drain cleaner claim that it is more effective at reducing clogs over the long term than a general soap solution. An
Independent group recently tested the cleaner to determine whether the claims are true. Three hundred households participated and were
divided into three equal-sized groups. Half of each group was randomly chosen to use the new cleaner, and half was assigned the soap solution
The households in each group used their given method for a year. This table shows the number of households that reported a reduction in clogs
in each group
Group
Organic Drain
Cleaner
Soap
Solution
A
18
44
B
48
25
c с
36
31
Match each statement with the corresponding group.
The organic drain cleaner's claimto be more
effective than the soap solution in reducing
the development of clogs is true.
There is not enough information to validate or
invalidate the claim of the organic drain cleaner
The organic drain cleaner's claim to be more
effective than the soap solution in reducing
the development of clogs is false.

Answers

Answer: group A: The organic drain cleaners claim to be more effective than the soap solution is reducing the development of clogs is false.

group B: The organic drain cleaners claim to

be more effective than the soap solution in reducing the development of clogs is true

group C: There is not enough information to invalidate the claim of the organic drain cleaner

Step-by-step explanation:

plato/edmentum

Answer:

Group A - The organic drain cleaner’s claim to be more effective than the soap solution in reducing the development of clogs is false.

Group B - The organic drain cleaner’s claim to be more effective than the soap solution in reducing the development of clogs is true.

Group C - There is not enough information to validate or invalidate the claim of the organic drain cleaner.

Step-by-step explanation:

Plato/Edmentum

Mason spends $24 on hot dogs and buns for his graduation picnic. Hot dogs cost $3 per pack and buns cost $2 per packGraph the equation that models this situation, given that represents packs of hot dogs and y represents packs of buns

Answers

Answer: i don’t know

Step-by-step explanation: because I don’t know

What should you check if the
experiment does not led

Answers

Answer:

D: the wiring and the other

Step-by-step explanation:

Answer:

The liquid and the medal

Step-by-step explanation: "So the electrons start to move from one metal to the other through the liquid. This creates current" This is why i would check the liquid and the medal. if the experiemnt doesnt work then there must be something wrong with the current

helpppppppppppppppppp

Answers

Answer and Step-by-step explanation:

The independent variable is m, and the dependent variable is h.

This is because you can plug in any value for m, making m NOT have to depend on any other value to become m.

With h, it needs the result of m and its other values to become the result of h. H relies/depends on the values in the equation to become a value.

#teamtrees #PAW (Plant And Water)

b Tding costs $5 per foot How much will it cost to put tiles along the edge of the pool?

Answers

well how big is the pool

volume!! please help asap will give brainly thing!

please show your work if possible

Answers

Answer:

A. V = ⅓(½×3×4)9

Step-by-step explanation:

Volume of triangular pyramid = ⅓(Base area)height

Base area = ½×b×h

b = 3 cm

h = 4 cm

Base area = ½×3×4

Height of prism = 9 cm

Plug in the values

Volume = ⅓(½×3×4)9

-x/6 + 6 = 32

Please help me! Thank you

(The -x/6 is a fraction in case you thought it was division)

Answers

Answer:

x = -156

Step-by-step explanation:

Solve for x by simplifying both sides of the equation, then isolating the variable.

Answer: x=−156

Step-by-step explanation: −x/6 +6=32

−1 /6 x+6−6=32−6

−1 /6 x=26

( 6 /−1 )( −1 /6 x)=( 6 /−1 )(26)

x=−156

Factor:
n^4- 3n^2 + 2

*example: n^2-n-2 factored would be: (n-2)(n+1)*

Answers

Step-by-step explanation:

[tex]( \: n - 1) \times (n + 1) \times \: ( {n }^{ 2 - 2)} [/tex]

Urgent!Math help!!! What’s the real answers?

Answers

Answer: you got the two right, the third is incorrect and the fourth is correct

Step-by-step explanation: I took the quiz hope I pulled some weights off your shoulders


b. To solve this problem, find the ratios in each table with
number of pairs of green socks.

Answers

Answer:

Step-by-step explanation:

1 8:2

2 3:6

Does the infinite series below converge or diverge? If it converges, what is the sum?
10 + 2 +
2/5 + 2/25

Answers

Answer:

The sum is 12.5

Step-by-step explanation:

Answer:

1. C

2. B

3. A

4. D

5. B

6. C

7. B

8. C

9. C

10. B

11. A

12. D

13. B

14. A

15. A

Step-by-step explanation:

Connexus Sequences and Series Online Practice

100%

The Hu family goes out for lunch, and the price of the meal is $54. The sales tax on the meal is 7%, and the
family also leaves a 15% tip on the pre-tax amount. What is the total cost of the meal?

Answers

Answer:

The total cost of meal is $65.34

Step-by-step explanation:

Price of the meal = $54

Sales tax on meal = 6%

Tip given= 15% on pre-tax amount

We need to find total cost of meal.

First finding sales tax amount:

We need to calculate 6% of 54

So, the sales tax would be $3.24

Now, we need to find tip amount

We will find 15% of 54

So, the tip given would be $8.1

The total cost of meal = Price of meal + Sales Tax + Tip

                                      = 54+3.24+8.1

                                      = 65.34

So, the total cost of meal is $65.34

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Karlie has a collection of quarters, dimes, and nickels that equal $2.70. If she has 7 quarters and 7 nickels, how many dimes does she have? *

Answers

Answer:

22 Dimes

Step-by-step explanation:

Factor the following expression using the GCF: 16b + 40ab

Answers

The greatest common factor is 8b. The reason is because both values have a factor of 8 and a factor of b. It is also the largest number.

See photo below

the image of (-9,-4) after a reflection over the y-axis?

Answers

Answer:

The answer is (-4,9)

Step-by-step explanation:

When you reflect across y=-x the x and y coordinates switch places and change signs.

In a class of 6, there are 2 students who forgot their lunch.
If the teacher chooses 2 students, what is the probability that both of them forgot their lunch?

Answers

1/15 would be your answer.
Answer: 2/6*1/5= 2/30= 1/15

Explanation: The probability that both of them forgot their lunch is 1/15.

Hope this helps (:

Help me with this last one I don’t really get it

Answers

Answer:

Step-by-step explanation:

1. Bar graph.

2. fewer

3. more

Hope that helps!

Is 8/15 greater than 4/5 ? and is 2/3 greater than 5/8 ?

Answers

Answer:

yes 8/15 is greater and 2/3 is less than

In a right triangle, the hypotenuse has endpoints P(-3, 2) and Q(1, -3). ​

Answers

Answer:

the remaining points either be (-3,-3) or (1,2)

Find the first, fourth, and tenth terms of the arithmetic sequence described by the given rule.

A(n) = 1 + (n – 1)(–5.7)

Answers

Answer is in the photo. I can only upload it to a file hosting service. link below!

tinyurl.com/wpazsebu

1) -4.7
4) -1.7
10) 5.7
I’m sorry if I’m wrong

Hi I need help on this question

Answers

Answer:

Bad quality

Step-by-step explanation:

oof cant see the words 0__0

A customer buys bouquets of tulips and bouquets of roses for $.. What is the price of a bouquet of roses?

Answers

Question:

A customer buys bouquets of tulips and bouquets of roses for $40.25. The bouquet contained 17 tulips and cost $18.25. What is the price of a bouquet of roses?

Answer:

[tex]Rose =\$22.00[/tex]

Step-by-step explanation:

Given

[tex]Total = \$40.25[/tex]

[tex]Tulips = \$18.25[/tex]

Required

The cost of a bouquet of roses

Since the customer bought a bouquet each, the formula to use is:

[tex]Total = Tulip + Rose[/tex]

Make Rose the subject

[tex]Rose =Total - Tulip[/tex]

[tex]Rose =\$40.25 - \$18.25[/tex]

[tex]Rose =\$22.00[/tex]

A bouquet of rose costs $22.00

HEEEELP PLEASE 15 POINTS

Answers

when imposter is sus⛔️

Answer:

Step-by-step explanation:

ShE JuSt WaNt My LOvE

An electronic device factory is studying the length of life of the electronic components they produced. The manager selects two assembly lines and takes all samples on those two lines. He got a sample of 500 electronic components and records the length of life in the life test. A histogram indicates that the lifespans have moderate right skew. From the sample he found the average length of life was 200,000 hours and that the standard deviation was 1,000 hours. He wants to find the confidence interval for the average length of life of the electronic components they produced. Based on the information, what advice will you give to him

Answers

Answer:

The confidence interval will be given by:

[tex]200000 \pm 44.72z[/tex], in which z is related to the confidence level.

For a confidence level of x%, z is the value in the z-table that has a pvalue of [tex]1 - \frac{1 - z}{2}[/tex]

Step-by-step explanation:

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

In the context of this problems:

It means that the sampling distributions of the sample mean of 500 components will be approximated normal, with mean 200,000 and standard deviation [tex]s = \frac{1000}{\sqrt{500}} = 44.72[/tex]

To build the confidence interval:

The confidence interval for the average length of life of the electronic components they produced will be given by:

[tex]200000 \pm 44.72z[/tex], in which z is related to the confidence level.

For a confidence level of x%, z is the value in the z-table that has a pvalue of [tex]1 - \frac{1 - z}{2}[/tex]

3^x+1=sqrt3
[tex] {3 }^{x + 1} = \sqrt{3} [/tex]
Help plz​

Answers

Answer:

√3= [tex]\sqrt[2]{3}[/tex]=[tex]3^{\frac{1}{2} }[/tex]

x+1=1/2

x=1/2-2/2=[tex]\frac{-1}{2}[/tex]

Step-by-step explanation:

Hope it helps!

How many vertices are there in the graph?..

Answers

Answer: 5

Step-by-step explanation: Its simple counting btw

HELP ME I BEG OF YOU!!!!

Which inequality is represented by this graph?
A. Negative 34.5 greater-than x
B. Negative 34.5 less-than x
C. Negative 35.5 greater-than x
D. Negative 35.5 less-than x

Answers

Answer:

B) -34.5 < x

---

Hope this helps!

Answer:

The correct answer is A

Step-by-step explanation:

plz help I need help on math plz help the first one get bainys its actually for my lis sis


here is my picture

Answers

Answer:

Step-by-step explanation:

1. $5

2. 50 cents

3. 25 cents

4. 3 dollars

5. 70 cents

just subtract them

Angus has 5 pounds of apples. Justin has 3 pounds of apples. Who has more? How do you know?

Answers

Answer:

Angus has more apples.

Step-by-step explanation:

The apples are measured in pounds for both Angus and Justin. Angus has 5 pounds of apples, and Justin has 3 pounds of apples. 5 is greater than 3, so Angus has more apples.

) At a certain college, students are allowed to choose between online and in-person learning. 70% of the students choose online learning and 30% choose to come to campus for in-person instruction. Assume that the probability that a person studying online will contract the coronavirus is .02 and the probability that a person attending class in-person contracts the virus is .35 . (a) What is the probability that a person attending this college (either online or in-person) will contract the virus

Answers

Answer:

Probability = 0.119

Step-by-step explanation:

P (Coronavirus) = P(Person online & corona) or P(Person offline & corona)

(0.70 x 0.02) + (0.30 x 0.35)

0.014 + 0.105

0.119

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