URGENT!!!!

Lionel Cooper paid for a new mechanic's tools with an installment loan of $6,000 at 8% for 36 months with a monthly payment of $187.80. After 20 payments, the balance is $2,849.08. He pays off the loan when the next payment is due.

a.) What is the CURRENT month's interest?
b.) What is the final payment?
c.) How much is saved by paying off the loan early?

Answers

Answer 1

Answer:

a) Current month's interest is: $40

b) The final payment is $7,440

c) Amount saved by paying off loan early is: $600

Step-by-step explanation:

Principal = $6,000

Interest rate = 8% or 0.08

Time = 36 months or 3 years

After 20 payments, the payment is $2,849.08.

a) What is the CURRENT month's interest?

The formula used to find the interest is:

I = P*r*t

Where P= Principal Amount

r = interest rate

and t = time in years

Putting the given values:

I = 6,000 * 0.08 * 3

I = 1440

Total Interest = $1440

Current Month interest = 1440/36

Current Month interest = 40

So, Current month's interest is: $40

b) What is the final payment?

The formula used is:

A = P(1+r*t)

A = 6,000(1+0.08*3)

A = 6000*(1.24)

A = 7,440

So, the final payment is $7,440

c) How much is saved by paying off the loan early?

The current balance paid is $2,849.08

The loan is paid when next payment is due.

So, remaining amount to be paid is:

Remaining Amount = Final Payment - Current balance paid

Remaining Amount = 7,440 - 2,849.08

Remaining Amount = 4,590.92

Remaining months in which amount is to be paid: 36-20 = 16 months

The loan is paid off next month so interest rate of remaining 15 months = 15*40 = 600

The amount paid on next payment = 4590.92 - 600 = $3990.9

So, amount saved by paying off loan early is: $600

Answer 2

Final answer:

Lionel Cooper saved $136.63 by paying off his loan early. The current month's interest on his loan was $19.09, making his final payment $2,868.17 after paying off the remaining balance of $2,849.08.

Explanation:

Lionel Cooper paid for new mechanic's tools with an installment loan of $6,000 at 8% annual interest rate for 36 months, with monthly payments of $187.80. After 20 payments, he decides to pay off the remaining balance of $2,849.08.

a.) What is the CURRENT month's interest?

First, calculate the monthly interest rate, which is 8% annually, or 0.08/12 per month = 0.0067. The current month's interest is the balance multiplied by the monthly interest rate: $2,849.08 * 0.0067 = $19.09.

b.) What is the final payment?

The final payment is the sum of the current month's interest plus the remaining balance: $19.09 (interest) + $2,849.08 (balance) = $2,868.17.

c.) How much is saved by paying off the loan early?

Normally, Lionel would pay $187.80 for 16 more months, totaling $3,004.80. By paying off early, he only paid $2,868.17, so he saved $136.63.


Related Questions

Three sisters went shopping for Mother’s Day. Each sister bought a gift for their mom. Maggie spent 3 times as much as Karen. Karen spent half as much as Jasmine. All together, they spent $60. Then, solve your equation to determine how much each sister spent on their gift.

Answers

Answer:

Let j = amount Jasmine spent, k = amount Karen spent, and m = amount Maggie spent.

m = 3k, k = (1/2)j

j + k + m = $60

2k + k + 3k = $60

6k = $60

k = $10, m = $30, j = $20

Jasmine spent $20, Karen spent $10, and Maggie spent $30.

what is the area of the triangle? (sorry if its sideways)​

Answers

Answer:

6

Step-by-step explanation:

2 x 6 = 12/2 = 6

Answer:

A = 6 units ^2

Step-by-step explanation:

The area of a triangle is found by

A = 1/2 bh  where b is the length of the base and h is the height

A = 1/2 (6) *2

A = 6 units ^2

What is the point-slope form of a line with slope 2 that contains the point (1,3)?

A. y-1 = 2(x-3)
B. y+ 3 = -2(x - 2)
c. y + 3 = 2(x+1)
D. Y-3 = 2(x - 1)​

Answers

Y-3= 2(x-1)

The answer is D


Hope this helps!

What’s the value of x

Answers

Answer:

x = 25

Step-by-step explanation:

The 2 given angles form a straight angle and are supplementary, that is

2x + 2 + 5x + 3 = 180

7x + 5 = 180 ( subtract 5 from both sides )

7x = 175 ( divide both sides by 7 )

x = 25

Which unit of measure would be appropriate for the volume of a cylinder that is 8 meters tall and has a radius of 4 meters

Answers

Answer: cubic meters : m³

Step-by-step explanation:

Cylinder volume is the product of area of the base by height.

Area of the base is the product of π·radius² = square meters : m²

Volume = square meters·meters =  m²·m = cubic meters : m³

[tex]\textit{\textbf{Spymore}}[/tex]

use natural logarithms to solve the equation 5e^3x+7=21​

Answers

Answer:

5e^(3x+7)=21

e^(3x+7)=4.2

(3x+7)lne=ln4.2

lne=1

3x+7=1.435

3x= -5.565

x= -1.855

To solve the equation [tex]5e^{3x}+7=21[/tex], isolate the exponential term, take the natural logarithm of both sides, and then solve for x. This results in x ≈ 0.3362.

To solve the equation [tex]5e^{3x}+7=21[/tex], follow these steps:

First, isolate the exponential term by subtracting 7 from both sides:

[tex]5e^{3x} = 14[/tex]

Next, divide both sides of the equation by 5:

[tex]e^{3x} =\frac{14}{5}[/tex]

Now, take the natural logarithm (ln) of both sides:

[tex]ln(e^{3x}) = ln(\frac{14}{5})[/tex]

Since the natural logarithm and the exponential function are inverse operations, the left side simplifies to:

[tex]{3x} = ln(\frac{14}{5})[/tex]

Finally, solve for x by dividing by 3:

[tex]x =\frac{1}{3}\times ln(\frac{14}{5})[/tex]

Using a calculator, this results in:

x ≈ 0.3362

what transformation was not done to the linear parent function, f(x)=x, to get the function g(x)=-3(x-4)-7

A. Reflection over the x-axis
B. Shift down 7 units
C. Shift right 4 units
D. Horizontal stretch by a factor of 3

Answers

Answer: D. Horizontal stretch by a factor of 3.

Step-by-step explanation:

Below are some transformations for a function [tex]f(x)[/tex]:

If [tex]f(x)-k[/tex], then it is shifted "k" units down.

If [tex]f(x-k)[/tex], then it is shifted rigth"k" units.

If [tex]-f(x)[/tex], then it is reflected across the x-axis.

If [tex]cf(x)[/tex] and [tex]c>1[/tex], then it is stretched vertically by a factor of "c".

If [tex]f(cx)[/tex] and [tex]0<c<1[/tex], then it is stretched horizontally by a factor of [tex]\frac{1}{c}[/tex].

Based on this, the transformations done to the function [tex]f(x)=x[/tex]  to get the function [tex]g(x)=-3(x-4)-7[/tex] are:

- It is shifted 7 units down.

- It is shifted rigth 4 units.

- It is reflected over the x-axis.

- It is vertically stretched by a factor of 3.

Therefore, the transformations that was not done to the function [tex]f(x)=x[/tex]  to get the function [tex]g(x)=-3(x-4)-7[/tex] is:

Horizontal stretch by a factor of 3.

Help please i only have a little bit of time

Answers

Answer:

d

Step-by-step explanation:

i jut did it in google calculator (trust me)

Hello There!

First, our formula for finding the volume of a cylinder is Pi*radius^2*height

Now, let'd get into solving for the volume. First, we need to find the radius so in this problem, we are given the diameter so to find the radius, we just divid the diameter by 2. Once we divide, our radius comes out to 6.5.

Next, in our formula it says we have to square our radius so we would multiply 6.5 by 6.5 to get a product of 42.25.

Lastly, we need to multiply 42.25 by our height which is our last step in our formula. Once we multiply 42.25 by the height of the cylinder which is 11, we get a product of 464.75.

464.75 rounded to the nearest tenth is 464.8

Your answer is the first one

A family is planning a wedding celebration in a gazebo. They want to know the area so that they can determine how many people can comfortably fit inside. They take some measurements and find that each side is 8 ft long and the apothem is 9.7 ft. What is the area of the enclosed gazebo?​

Answers

Answer:

The area of the enclosed gazebo is [tex]310.4\ ft^{2}[/tex]

Step-by-step explanation:

I assume that is a regular octagon (eight equal aides)

we know that

The area of a regular polygon is equal to

[tex]A=\frac{1}{2}(P)(a)[/tex]

where

P is the perimeter of the polygon

a is the apothem

Find the perimeter P (the octagon has 8 sides)

[tex]P=8(8)=64\ ft[/tex]

[tex]a=9.7\ ft[/tex]

substitute

[tex]A=\frac{1}{2}(64)(9.7)[/tex]

[tex]A=310.4\ ft^{2}[/tex]

Which of the following is a factor of 2x^4 + 20x^3 + 50x^2?


A. 2x^3
B. x^4
C. x+4
D. x+5

Answers

Answer:

D. x + 5

Step-by-step explanation:

2x^4 + 20x^3 + 50x^2

= 2x^2 (x^2 + 10x + 25)

= 2x^2 (x + 5)^2

= 2x^2 (x + 5) (x + 5)

Answer

D. x + 5

For this case we have the following expression:

[tex]2x ^ 4 + 20x ^ 3 + 50x ^ 2[/tex]

It is observed that we can extract common factor [tex]2x ^ 2[/tex], since it is common in the three terms:

[tex]2x ^ 2 (x ^ 2 + 10x + 25) =[/tex]

If we factor the expression into parentheses, we must look for two numbers that add 10 and multiply 25. These are: 5 and 5.

Rewriting the expression we have:

[tex]2x ^ 2 ((x + 5) (x + 5))[/tex]

Thus, one of the factors of the original expression is[tex]x + 5[/tex].

Answer:

Option D

Two companies allow you to pay monthly for your food truck permits. Company A charges a one time fee of $150 and $45 per month. Company B charges a one time fee of $125 and $50 per month.

Answers

The simultaneous Equations for both total costs are;

Company A: y = 45x + 150

Company B: y = 50x + 125

Thus, both companies charge the same amount of money for food truck permits for 5 months

How to find the equation of the total charges?

We are told that;

Company A charges a one time fee of $150 and $45 per month.

Company B charges a one time fee of $125 and $50 per month.

Thus, using the concept of the equatiom of a line In slope intercept form, we have:

Company A: y = 45x + 150

Company B: y = 50x + 125

let's use the number 5 for x as an example

45(5) + 150 = 375

50(5) + 125 = 375

So both companies charge the same amount of money for food truck permits for 5 months.

Complete question is;

Two companies allow you to pay monthly for your food truck permits. Company A charges a one time fee of $150 and $45 per month. Company B charges a one time fee of $125 and $50 per month. Write an equation or a system of equations and explain what each solution tells you about the situation

5. (03.02)
If g(x) = x2 + 3, find g(4). (2 points)
16
19
8
11​

Answers

Answer:

19

Step-by-step explanation:

g(x)=x^2+3

g(x)=(4^2)+3

g(x)=16+3=19

if g of x = x squared + 3, then 4 squared = 16, plus 3 = 19

Answer:

option(B)  g(4) =19.

Step-by-step explanation:

Given:If g(x) = [tex]x^{2}[/tex] + 3.

To find: g(4).

Solution: We have given that  

g(x) = [tex]x^{2}[/tex] + 3.

for x=4.

g(4) = [tex]4^{2}[/tex] + 3.

g(4) = 16+3

g(4) =19.

Therefore, option(B)  g(4) =19.

Use the graph of f(x) to evaluate the following:

Answers

Answer:

[tex]\large\boxed{\dfrac{1}{2}}[/tex]

Step-by-step explanation:

[tex]\text{The average rate of change of function}\ f(x)\\\text{over the interval}\ a\leq x\leq b\ \text{is given by this expression:}\\\dfrac{f(b)-f(a)}{b-a}.\\\\\text{Read from graph the values of function for}\ x=3\ \text{and}\ x=5.\\(look\ at\ the\ picture)\\\\f(3)=1,\ f(5)=2\\\\\text{Substitute:}\\\\\dfrac{f(5)-f(3)}{5-3}=\dfrac{2-1}{2}=\dfrac{1}{2}[/tex]

Complete the solution of the equation. Find the value of y when x equals -7.
-4x-9y=-26

Answers

Answer:

y = 6

Step-by-step explanation:

Put x = -7 to the equation -4x - 9y = -26, and solve it for y:

-4(-7) - 9y = -26

28 - 9y = -26            subtract 28 from both sides

-9y = -54           divide both sides by (-9)

y = 6

A farmer wants to put a fence around a garden in the shape of a square. The fence posts are placed every 2 meters. One side of the garden is 10m long. How many posts does the farmer need?

Answers

Answer:

The farmer would need 80 posts.

Step-by-step explanation:

If one side of the garden is 10m long, and the garden is a square, we can assume that all 4 sides will be 10m. That makes it 40m in total. Times 40×2 and you get 80.

Which table shows the correct methods used to justify the solution steps?

Answers

Answer:

x = 8

Step-by-step explanation:

Step 1 : Simplify the equation

3(x-5) + 7x = 65

3x - 15 + 7x = 65

Step 2 : Make x the subject

3x + 7x = 65 + 15

10x = 80

x = 80/10

x = 8

!!

Answer:

The answer is B

Step-by-step explanation:

The reasoning behind this is because in the second step, if you were to add all of the numbers you would get the solution of -5x or something like that.

Hope this helps!

What is the point-slope form of a line that has a slope of 1/2 and passes through point (–7, 2)?

Answers

Answer:

D

Step-by-step explanation:

The equation of a line in point- slope form is

y - b = m(x - a)

where m is the slope and (a, b) a point on the line

here m = [tex]\frac{1}{2}[/tex] and (a, b) = (- 7, 2), hence

y - 2 = [tex]\frac{1}{2}[/tex] (x - (- 7)) → D

y - 2 = [tex]\frac{1}{2}[/tex](x + 7)

The point-slope form of the equation will be [tex]y-2 = \dfrac{1}{2}(x-(-7))[/tex]. The correct option is D.

In mathematics, slope refers to the measure of the steepness or inclination of a line or a curve. It quantifies the rate at which one variable changes with respect to another variable. The slope is commonly denoted by the letter "m."

Given that the slope of the line is 1/2. The point through which the line is passing is (-7,2).

The general form of the equation of the line passing through the point (-7,2) and the slope is 1/2 can be written as,

[tex]y-y_1 = m(x-x_1)[/tex]

The equation of the line in point-slope form can be written as,

[tex]y - y_1 = m(x-x_1)\\y-2=\dfrac{1}{2}(x-(-7))[/tex]

To know more about slope follow

https://brainly.com/question/29421841

#SPJ2

Analyze the diagram below and complete the instructions that follow.
550
450

Answers

Answer:

130 degrees

Step-by-step explanation:

let the angle be x

2x+45+55=360(Sum of angles in quad)

2x=260

x=130

The measure of <Q is 130 degree.

What is Angle Sum Property?

There are four angles in a quadrilateral. Its inner angles add up to 360 degrees.

The angle sum property of a Quadrilateral states that the sum of all four inner angles is 360 degrees.

We have

<T = 55

<R= 45

let us consider the two angles are Equal.

Using angle sum Property

<T + <R + Q + <S = 360

45+ 55 + x + x = 360

100 + 2x = 360

2x = 260

x = 130

Thus, the measure of <Q is 130 degree.

Learn more about Angle sum Property here:

https://brainly.com/question/21364160

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Please help me this is urgent 15 points and brainiest
If m∠EQD=(5x+2)°, what is the value of x?

Answers

Answer:  x = 10

=====================================================

Explanation:

The angle EQD is an inscribed angle that cuts off the arc from E to D (the shortest path). Note how central angle ECD also cuts off this same arc. By the inscribed angle theorem, we know that

inscribed angle = (1/2)*(central angle)

angle EQD = (1/2)*(angle ECD)

We can multiply both sides by 2 and flip the equation to get

angle ECD = 2*(angle EQD)

Now replace "angle EQD" with 5x+2

angle ECD = 2*(5x+2)

2*(5x+2) = angle ECD

Next, replace "angle ECD" with 104 as this is the measure of this central angle.

2*(5x+2) = angle ECD

2*(5x+2) = 104

From here, we solve for x

2*(5x+2) = 104

2*5x + 2*2 = 104

10x + 4 = 104

10x+4-4 = 104-4 ..... subtracting 4 from both sides

10x = 100

10x/10 = 100/10 ...... dividing both sides by 10

x = 10

Pam is playing with red and black marbles. The number of red marbles she has is three more that twice the number of black marbles she has. She has 42 marbles in how. How many red marbles does Pam have?

Answers

Answer:

29 red marbles

Step-by-step explanation:

Call R the number of red marbles and B the number of black marbles.

According to the second sentence, R = 2B + 3.

According to the third sentence, R + B = 42.

Now we have 2 equations, 2 unknowns. Sub the first into the second since it already has R isolated:

2B + 3 + B = 42

3B = 39

B = 13

Now sub this into either of the original equations (I'll use the first):

R = 2(13) + 3

R = 29

Select the correct answer from the drop-down menu.
Divide the binomial by the monomial to find the quotient.
48r4y – 725672
-12.12y

Answers

Answer:

[tex]-(4x^2)+6(x^4)y[/tex]

Step-by-step explanation:

Here apply the law of indices where ;

[tex]A^x*A^y=A^{x+y}[/tex]

Given;

You should first simplify the numerator using the denominator as a factorThen cancel the like termFollowed by further factorization

[tex]\frac{48x^4y-72x^6y^2}{-12x^2y} \\\\\\\frac{-12x^2y(4x^2-6x^4y^2)}{-12x^2y} \\\\\\=-4x^2+6x^4y\\\\\\=-(4x^2)+6(x^4)y[/tex]

The bearing of Q from P is 150° and the bearing of P from R is 15°.if Q and R are 244metres and 324metres respectively from P.(i) represent this information on a diagram (ii) calculate the distance between Q and R correct to two decimal place(iii) find the bearing of R from Q,correct to thr nearest degree.​

Answers

CNBC cncncbcbfbfbfncbcbcnvncbbvbvn

evaluate x -2 y 0 / x 3 y -2 when x = 2 and y = 5

Answers

Answer:

5/8

Step-by-step explanation:

first plug in for x & y, then solve. you should get 5/8

2 -2 +5 +0 / 2 +3 +5 -2

5/8

Answer:

125/32

Step-by-step explanation:

Find the additive inverse of 6+4i

Answers

[tex]0-(6+4i)=0-6-4i=-6-4i[/tex]

The additive inverse of the complex number 6+4i is -6-4i because it negates both the real and imaginary parts, resulting in a sum of zero when added to the original number.

The additive inverse of a complex number is a number that, when added to the original number, yields a sum of zero. For the complex number 6+4i, its additive inverse is found by changing the sign of both the real and the imaginary parts. Therefore, the additive inverse of 6+4i is -6-4i.

Use numerals instead of words. If necessary use/ for the fraction bar

Answers

Answer:

10

Step-by-step explanation:

Range=big-small=34-16=18

Interquartile range=big number in box-small number in box= 29-21=8

The different between the two is 18-8=10

Answer:

The difference of range and interquartile range is 10.

Step-by-step explanation:

Consider the provided information.

From the box plot we can identify:

The lowest value is 16

The first quartile is 21

The 2nd quartile or median is 26

The 3rd quartile is 29

The highest value is 34

Range is the difference of the highest value and lowest value of the data set.

Range = 34 - 16 = 18

Interquartile range is the difference of the 3rd quartile from the 1st quartile.

IQR: 29 - 21 = 8

Thus, the difference of range and interquartile range is:

18 - 8 = 10

Hence, the difference of range and interquartile range is 10.

Workers have packed 1,400 glasses in 7 boxes. If they pack 3 more boxes, how many glasses will they have packed in all?

Answers

1box = 1400/7 = 200

200×3=600

1400+600=2000

Answer:

2000

Step-by-step explanation:

Given :Workers have packed 1,400 glasses in 7 boxes.

To Find :If they pack 3 more boxes, how many glasses will they have packed in all?

Solution:

Workers packed no. of glasses in 7 boxes = 1400

Workers packed no. of glasses in 1 box = [tex]\frac{1400}{7}[/tex]

Workers packed no. of glasses in 3 boxes = [tex]\frac{1400}{7} \times 3[/tex]

                                                                      = [tex]600[/tex]

So, initially they packed 1400 glasses

If they pack 3 more boxes so, the pack 600 glasses more

So, The total no. of glasses have packed by workers = 1400+600 = 2000

Hence they have packed 2000 glasses in all.

Please help!!!!! Thanks

Answers

Answer:

Look to the attached file

Step-by-step explanation:

What is the solution to the inequality X squared <49

Answers

[tex]x^2<49\\x<7 \wedge x>-7\\x\in(-7,7)[/tex]

Rationalize the denominator and simplify. 6 /5-3

Answers

Final answer:

To rationalize the denominator and simplify the expression 6 / (5-3), multiply the numerator and denominator by 1/2. Then, simplify the expression to get 3/1 = 3.

Explanation:

To rationalize the denominator and simplify the expression 6 / (5-3), we can start by multiplying the numerator and denominator by a skillfully chosen factor. In this case, we can choose 1/2 as the factor.

The numerator becomes 6 * 1/2 = 3, and the denominator becomes (5-3) * 1/2 = 2/2 = 1.

Therefore, the simplified expression is 3/1 = 3.

Sketch the graph of y = (x - 3)2 - 25, then select the graph that corresponds
to your sketch.

Answers

Answer:

Option C. Graph C

Step-by-step explanation:

we have

[tex]y=(x-3)^{2}-25[/tex]

This is the equation of a vertical parabola open upward (vertex is a minimum)

The vertex is the point (3,-25)

therefore

The graph is C

The graph in the attached figure

Answer:c

Step-by-step explanation:

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