Chase plans to buy a new car and determines he can budget $725 monthly for four years. His bank is
offering an 8.25% annual interest rate. What is the maximum loan he can afford to stay in his budget?
Use the formula, A – P/(1+) -11
, where P is the month payment, r is the annual interest rate, n is
the nur
the number of times interest is compounded in one year, and t is the number of years.
O A. $26,000.50
B. $29,555.50
C. $37.425.75
O
D. $52,500.00

Answers

Answer 1

Answer:

The correct answer is B. $ 29,555.50

Step-by-step explanation:

Let's calculate A, using the formula provided, this way:

A = P * [(1 + r)ⁿ - 1]/r * (1 + r)ⁿ, where:

P is the month payment = 725

r is the monthly interest rate = 0.0825/12 = 0.006875

n is  the the number of months to pay = 4 * 12 = 48

Replacing with the values we know, we have:

A = P * [(1 + r)ⁿ - 1]/r * (1 + r)ⁿ

A = 725 * [(1 +0.006875 )⁴⁸ - 1]/0.006875 * (1 +0.006875 )⁴⁸

A = 725 * 0.38939833/0.006875 * 1.38939833

A = 282.313789/0.009552114

A = 29,555.50

The correct answer is B. $ 29,555.50

Answer 2

The correct option is B. [tex]\$29555.50[/tex]. The maximum loan Chase can afford, while making monthly payments of [tex]\$725[/tex] for [tex]4[/tex] years at an [tex]8.25\%[/tex] annual interest rate.

Given:

Monthly payment [tex]\( P = $725 \)[/tex]

Annual interest rate [tex]\( r = 8.25\% \)[/tex] or [tex]\( 0.0825 \)[/tex] as a decimal

Number of payments per year [tex]\( n = 12 \)[/tex] (since monthly payments)

Number of years [tex]\( t = 4 \)[/tex]

The formula to calculate the present value [tex]\( A \)[/tex] of the loan is:

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

Now, substitute the given values

[tex]\[ A = 725 \times \frac{1 - (1 + \frac{0.0825}{12})^{-12 \times 4}}{\frac{0.0825}{12}} \][/tex]

First, calculate [tex]\( \frac{r}{n} \)[/tex]

[tex]\[ \frac{0.0825}{12} = 0.006875 \][/tex]

Next, calculate [tex]\( (1 + \frac{r}{n})^{-nt} \)[/tex]

[tex]\[ (1 + 0.006875)^{-48} = 0.7221 \][/tex]

Now substitute these values into the formula for [tex]\( A \)[/tex]

[tex]\[ A = 725 \times \frac{1 - 0.7221}{0.006875} \][/tex]

[tex]\[ A = 725 \times \frac{0.2779}{0.006875} \][/tex]

[tex]\[ A = 725 \times 40.4218 \][/tex]

[tex]\[ A = 29555.50 \][/tex]


Related Questions

5x - 1= 3х + 9
Find x

Answers

Answer:

X=5

Step-by-step explanation:

[tex]5x - 1 = 3x + 9 \\ 5x - 3x = 9 + 1 \\ 2x = 10 \\ x = 5[/tex]

5x-1=3x+9

collect like terms

5x-3x=9+1

2x=10

divide both sides by 2

x=5

You are riding your bicycle. It takes you 9min to go 2.5 mi. If you continue traveling at the same rate, how long will it take you to go 7 mi?

Answers

Answer:

Step-by-step explanation:

To find out how many miles you are going per minute you would find the unit rate. The unit rate is 3.6

You are going at 3.6 minutes per mile.

So you would multiply 3.6 by 7 to get 25.2 minutes.

a store had three baskets with an equal number of flower bouquets in each. customers purchased 8 bouquets from each basket, and there are now a total of 18 bouquets left. Write and solve an equation to find how many bouquets of flowers were initially in each basket.

Answers

Answer:

8

Step-by-step explanation:

18+8=26

26 / 3 = 8

8

hope this helped!

~ angilina

WHICH SENTENCE IDENTIFIES THE Y INTERCEPT AND ORDERED PAIR OF THE POINT ON THE GRAPH

Answers

C

The line intercepts the y axis at 2, so that is the y intercept.

The ordered pair is (1,3) because ordered pairs go (x,y)

I need help with this question

Answers

The answers are 15 guests, 7 tables, 24 guests, and 10 tables respectively.

Step-by-step explanation:

Step 1: Find relation between the number of tables and guests. Given that for every 6 guests, Maya uses 2 tables.

2 tables ⇒  6 guests

1 table ⇒ 6/2 = 3 guests

Step 2: Find number of guests for 5 tables.

5 tables = 5 × 3 = 15 guests

Step 3: Find number of tables for 21 guests.

Number of tables = 21/3 = 7 tables

Step 4: Find number of guests for 8 tables.

Number of guests = 8 × 3 = 24 guests

Step 5: Find number of tables for 30 guests.

Number of tables = 30/3 = 10 tables

In circle D, angle ADC measures (7x + 2)°. Arc AC measures (8x - 8)°. Circle D is shown. Points A, B, and C are on the circle. Point C is on the opposite side of points A and C. LInes are drawn from point A to point B, from point B to point C, from point C to point D, and from point D to point A. Angle A D C measures (7 x + 2) degrees. Arc A C measures (8 x minus 8) degrees. What is the measure of Angle A B C ? 36° 43° 72° 144°

Answers

Answer:

In circle D, angle ADC measures (7x + 2)°. Arc AC measures (8x - 8)°.

Circle D is shown. Points A, B, and C are on the circle. Point C is on the opposite side of points A and C. LInes are drawn from point A to point B, from point B to point C, from point C to point D, and from point D to point A. Angle A D C measures (7 x + 2) degrees. Arc A C measures (8 x minus 8) degrees.

What is the measure of Angle A B C ?

36° *****

43°  

72°  

144°

Step-by-step explanation:

its 36°

Applying the central angle theorem, the measure of angle ABC is: a. 36°

What is the Central Angle Theorem?The central angle theorem states that the angle measure of a central angle equals the measure of the intercepted arc.Inscribed angle = half the intercepted arc.

Given:

m∠ADC = (7x + 2)° (central angle)

measure of intercepted arc AC = (8x - 8)°

Therefore:

(7x + 2)° = (8x - 8)°

Solve for x

7x + 2 = 8x - 8

8 + 2 = 8x - 7x

10 = x

x = 10

Thus:

m∠ABC is an inscribed angle = half of measure of intercepted arc AC

Therefore:

m∠ABC = 1/2(8x - 8)°

Plug in the value of x

m∠ABC = 1/2[8(10) - 8]

m∠ABC = 36°

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Jake swims a distance from one end of a 50 meter pool to the other end in 25 seconds. What is his average speed?

Answers

Answer:

2 meters/ second

Step-by-step explanation:

Speed is equal to distance divided by time

Speed = 50 meters / 25 seconds

            = 2 meters/ second

Strawberries cost $2.14 per pound and Annie purchased 1.3 pounds. How much did she pay for strawberries if her answer is rounded to the nearest cent?

A. $2.78
B. $2.79
C. $27.82
D. $27.90

Answers

Answer:

A. $2.78

Step-by-step explanation:

You would multiply the cost per pound, $2.14, by the amount of pounds bought, 1.3. Then round to the nearest hundredth.

2.14 x 1.3 = 2.782

2.782 rounded to the nearest hundredth is $2.78

Answer:

I think it is 2.78 sorry if it’s not

Step-by-step explanation:

What is the justification for step 1 in the solution process?

8x + 15 = 11x + 2
Step 1: 8x = 11x − 13
A.
the division property of equality
B.
the addition property of equality
C.
the subtraction property of equality
D.
the multiplication property of equality

Answers

Answer:

C.

the subtraction property of equality

Step-by-step explanation:

Given

8x + 15 = 11x + 2

Subtract 15 from both sides of the equation

8x + 15 - 15 = 11x + 2 - 15

8x = 11x - 13

Answer:

the addition property of equality

Step-by-step explanation:

Compare step 1 with step 2 in the solution process:

step 1: -5x = -4x - 15

step 2: -x = -15

The variable was isolated on the left side of the equation by adding 4x to both sides. This is justified by the addition property of equality.

find x and y?????????

Answers

Answer:

[tex]a)\\x=12\\y=12\sqrt{3}[/tex]

Step-by-step explanation:

The angle without a numerical value is 30°

Using the 30-60-90 rule:

x = a24 = 2ay = [tex]a\sqrt{2}[/tex]

Since we know that 2a is the side with length 24

[tex]2a=24\\a=24/2\\a=12\\x=12[/tex]

To find y

[tex]y=a\sqrt{3}\\a=12\\y=12\sqrt{3}\\[/tex]


If gasoline costs $47.86 for 12.5 gallons of gasoline, how much does it cost for 8 gallons?

​Round your answer to the nearest cent.

Answers

Answer:

8 gallons of gasoline costs $30.63.

Step-by-step explanation:

Set up a proportion to solve for x, or the cost of 8 gallons of gasoline. The $47.86 goes on top of the first ratio, and 12.5 goes on top of the second. This is because the $47.86 is the cost of the 12.5 gallons of gasoline. Next, put x on the bottom of the first ratio and 8 on the bottom of the second ratio. This is because the amount of money you are trying to find, x, is the cost of the 8 gallons of gasoline. The proportion should look like this: [tex]\frac{47.86}{x} = \frac{12.5}{8}[/tex]

To solve the proportion, use cross multiplication. To do that, multiply 8 by 47.86 to get 382.88. Then, divide 382.88 by 12.5. The answer is 30.6304‬, so round to the nearest cent to get a total of $30.63.

I hope this helps! ☺

Three persons EB and C work together on a job and finish it finish it in 18 days if E and be working together can finish the job in 45 days find how long C working alone would take to complete it

Answers

Answer:  30 days

Step-by-step explanation:

Working together, E & B get 1/45 of the job done per day

Working alone, C gets 1/x of the job done per day

Working together, E, B, & C get 1/18 of the job done per day.

[tex]EB:\dfrac{1}{45}\qquad C: \dfrac{1}{x}\qquad EBC:\dfrac{1}{18}\\\\\\\\EB+C=EBC\\\\ \dfrac{1}{45}\ +\dfrac{1}{x}=\dfrac{1}{18}\\\\\\(45\cdot 18\cdot x)\bigg(\dfrac{1}{45}+\dfrac{1}{x}=\dfrac{1}{18}\bigg)\\\\\\.\qquad \qquad 18x+810=45x\\\\.\qquad \qquad \qquad 810=27x\\\\.\qquad\qquad \qquad \large\boxed{30=x}[/tex]

need help with 3x48 and 48x3

Answers

Answer:

144

Step-by-step explanation:

48×3= 144

48×3=144

to make it easier just add the number being multiplied the amount of times its being multiplied.

48+48+48=144

Both 3x48 and 48x3 yield the same result, which is 144, because multiplication is commutative.

Both expressions involve multiplying the numbers 3 and 48.

In the first expression, 3x48 means you're multiplying 3 by 48. This gives you 144, because 3 times 48 equals 144.

In the second expression, 48x3 means you're multiplying 48 by 3. This also gives you 144, because multiplication is commutative, which means the order of the numbers doesn't change the result. So, whether you multiply 3 by 48 or 48 by 3, you'll always get the same answer, which is 144.

So, to summarize:

3x48 = 144

48x3 = 144

Both expressions result in the same value of 144.

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The manufacturer of cell phones spends $320 to make each cell phone and sells them for 440 . The manufacturer also has fixed costs each month of $11400 .

Answers

Answer:

x=95

Step-by-step explanation:

320x+11400=440x

320*95+11400=440*95

30,400+11,400=41,800

41,800=41,800

The manufacturer needs to sell approximately 95 cell phones to cover its fixed costs of $11,400 per month. The profit per month depends on the number of units sold, with a contribution margin of $120 per unit after covering variable costs.

To analyze the manufacturer's costs and profitability, we can break down the information provided:Cost to Make Each Cell Phone: $320 per unitSelling Price of Each Cell Phone: $440 per unitFixed Costs: $11,400 per monthFirst, let's calculate the variable cost per unit, which is the cost to make each cell phone:Variable Cost per Unit = Cost to Make Each Cell Phone = $320Now, we can calculate the contribution margin per unit, which is the amount each phone contributes to covering fixed costs and generating profit:Contribution Margin per Unit = Selling Price - Variable Cost per UnitContribution Margin per Unit = $440 - $320 = $120Next, calculate the break-even point in units, which is the number of units the manufacturer needs to sell to cover its fixed costs:Break-Even Point (in units) = Fixed Costs / Contribution Margin per UnitBreak-Even Point (in units) = $11,400 / $120 ≈ 95 unitsSo, the manufacturer needs to sell approximately 95 cell phones to cover its fixed costs.To determine the profit, we can calculate the profit per month after covering fixed costs:Profit per Month = (Selling Price - Variable Cost per Unit) * Number of Units Sold - Fixed CostsSuppose the manufacturer sells "X" cell phones per month. Then:Profit per Month = ($440 - $320) * X - $11,400Now, you can calculate the profit for any given number of cell phones sold.

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what’s the relationship? linear, exponential, or neither?

Answers

Answer:

This relationship is linear

Step-by-step explanation:

As x goes up by 5, y goes up 3. Since this is a constant rate, this relationship is, therefore, linear

PLS HELP

What is the volume of the right rectangular prism shown?

A. 8 un3
B. 20 un3
C. 24 un3
D. 12 un3

Answers

Answer:

12 UN 3

Step-by-step explanation:

ok i hope this is right answer

Which best describes the graphs of the line that passes through (−12, 15) and (4, −5), and the line that passes through (−8, −9) and (16, 21)?


A)
They are parallel lines.


B)
They are vertical lines.


C)
They are perpendicular lines.


D)
They are intersecting lines.

Answers

Answer:

C) They are perpendicular lines.

Step-by-step explanation:

We first need to find the slope of the graph of the lines passing through these points using:

[tex]m = \frac{y_2-y_1}{x_2-x_1} [/tex]

The slope of the line that passes through (−12, 15) and (4, −5) is

[tex] m_{1} = \frac{ - 5 - 15}{4 - - 12} [/tex]

[tex]m_{1} = \frac{ - 20}{16} = - \frac{5}{4} [/tex]

The slope of the line going through (−8, −9) and (16, 21) is

[tex] m_{2} = \frac{21 - - 9}{16 - - 8} [/tex]

[tex] m_{2} = \frac{21 + 9}{16 + 8} [/tex]

[tex]m_{2} = \frac{30}{24} = \frac{5}{4} [/tex]

The product of the two slopes is

[tex]m_{1} \times m_{2} = - \frac{4}{5} \times \frac{5}{4} = - 1[/tex]

Since

[tex]m_{1} \times m_{2} = - 1[/tex]

the two lines are perpendicular.

Answer:D) They are intersecting lines.

Step-by-step explanation: that other answer was wrong .

y = x -5x + 1 y= 3x - 2
is ( 3 , 8 ) a solution of the system ?

Answers

I do not believe so because if you plug 3 in for the x value on the second equation you will get 9-2 which will equal 7 not 8

Which point approximates the square root of 15

Answers

Option B:

Point B approximates [tex]\sqrt{15}[/tex].

Solution:

Let us first find the approximate value of [tex]\sqrt{15}[/tex].

[tex]\sqrt{15}=3.87[/tex]

In the number line 3.87 lies between 3 and 4.

So that [tex]\sqrt{15}[/tex] lies between 3 and 4.

Look at the given number line.

Point B lies between 2 and 4.

Hence point B approximates [tex]\sqrt{15}[/tex].

Option B is the correct answer.

i was watching mineHUB in lesson and the Bluetooth was not on and everyone heard what should i do i have been sent out of class

Answers

Answer:

act like you dont care next time keep the volume down

Step-by-step explanation:

What is the angle of a triangle if one angle is 68 and the other is 52

Answers

Answer:

The last angle is 60 degrees

Step-by-step explanation:

All triangles add up to 180 degrees

Step 1:  Make an equation

What is the angle of a triangle if one angle is 68 and the other is 52.

68 + 52 + x = 180

Step 2:  Combine like terms

68 + 52 + x = 180

120 + x = 180

Step 3:  Subtract 120 from both sides

120 + x - 120 = 180 - 120

x = 60

Answer:  The last angle is 60 degrees

The sum of the angles in a triangle will be equal to 180°.

68 + 52 = 120°

180 - 120 = 60° (This is the 3rd angle)

Best of Luck!

Original Price: $125
Discount: ?
Sale Price: $81.25

Answers

Answer:

The discount is 43.75 dollars.

Step-by-step explanation:

125 - 81.25 = 43.75

Final answer:

The discount percentage applied to reduce the original price of $125 to the sale price of $81.25 is 35%.

Explanation:

A student is trying to find out the discount percentage that was applied to an item originally priced at $125 to have a final sale price of $81.25. To calculate the discount, one can use the formula: Discount percentage = ((Original Price - Sale Price) / Original Price)  imes 100%. Applying this to the given values: ($125 - $81.25) / $125  imes 100% = $43.75 / $125  imes 100% = 35%. Thus, the discount percentage applied is 35%.

Identify the vertex of each graph. Tell whether it is a minimum or a maximum.

Answers

Answer: Minimum

Step-by-step explanation:

Answer:1,-6 minimum

Step-by-step explanation:Minimum vertex will look like a smiley face and a maximum will look somewhat like a frown. As for the vertex just follow the lines the x and y are on.

Sales tax in Pennsylvania is 6%. Carlos bought a mountain bike that costs $125.50 before tax. What was the cost of the new bike including sales tax?

Answers

I’m pretty sure the answer is 113.03

Answer:

$878.50

Step-by-step explanation:

it's asking about new bike  cost including sales tax.

slope:
y-intercept:
equation:

Answers

Slope= m
y intercept= b
Equation: y=mx+b

We can conclude -

m = -A/B   → unit rate of change of [y] with respect to [x].c = - C/A   → the point where the graph cuts the [y] axis.Equation  → y = mx + c

What is the general equation of a Straight line?

The general equation of a straight line is -

[y] = [m]x + [c]

where -

[m] is slope of line which tells the unit rate of change of [y] with respect to [x].

[c] is the y - intercept i.e. the point where the graph cuts the [y] axis.

y = mx also represents direct proportionality. We can write [m] as -

m = y/x

OR

y₁/x₁ = y₂/x₂

Given is a straight line.

The equation of a straight line is written as -

Ax + By + C = 0

By = - Ax - C

y = (- A/B)x - (C/A)

Now, from this we get -

m = -A/B     {Slope}

c = - C/A     {y - intercept}

So, the equation will be -

y = mx + c

We can also calculate slope by -

m = (y₂ - y₁)/(x₂ - x₁)

Therefore, we can write -

m = -A/B   → unit rate of change of [y] with respect to [x].

c = - C/A   → the point where the graph cuts the [y] axis.

Equation  → y = mx + c

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0.009 times 0.07

show how you got the answer

Answers

Answer:

63/100000 or 0.000063

Step-by-step explanation:

0.009*0.07 is the same as 9/1000*7/100 which is 63/100000 when you multiply numerator with numerator and denominator with denominator.

So your answer is 63/100000 or 0.000063

Determine whether the given function has a maximum or a minimum value. Then, find the maximum or minimum value
of the function.
fx) = x2 - 6x + 5

Answers

Answer:

(3,-4)

Step-by-step explanation:

minimum is shown if you were to graph it,

i dont really know how else to explain it, its sorta self explanatory.. :)

Answer:

Since the leading coefficient of x^2 is positive.  Therefore, it is a minimum.

The value of the minimum is:  (3, -4)

a line goes through the points. (3,-5) and (5,-1)

Answers

Answer:

9+10 equals 21

Step-by-step explanation:

Just bc im big brain

Which fraction can be expressed as a terminating decimal? 1/9, 3/11, 5/8, 2/3

Answers

Answer:

2/3 can be expressed as 0.6666666666666666666666 repeating

Step-by-step explanation:

Answer:

1/3    there is no 2/3

Step-by-step explanation:

What is the slope of the line that passes through the points (4, -2) and (24, -17)?
Write your answer in simplest form.

Answers

The final slope would be:
-3/4

EXPLANATION

rise over run.

(Rise is the y value)

From -2 to -17 is -15

From 4 to 24 is 20

Therefore the slops is -15/20
Answer: -3/4. Explanation: To find this, use the slope formula (y2-y1)/(x2-x1).Plug in the two points, (-2+17)/(4-24). Simplify and solve (15)/(-20) = -(3/4)
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