The loan amount is calculated by amortization and Brand K will be $340.32 cheaper than Brand J
What is Amortization?Loan amortisation is the practise of making recurrent payments over time to completely pay off the principal and interest on a loan.
Mortgage amortisation is a word used in finance to describe the process of paying down your mortgage. The mortgage lender establishes a payment plan for you when you take out a mortgage. This uncomplicated plan, which includes equal payments over the course of your loan if you have a fixed-rate mortgage, is easy to understand.
The amount is calculated using the amortization formula:
P = a ÷ {{[(1 + r/n)^nt] - 1} ÷ [r/n(1 + r/n)^nt]}
where:
P is monthly payment
a is credit amount
r is the interest rate
t is the time in years
n is number of times the interest is compounded
Given data ,
Let the total loan amount for the brand J be represented as J
a = $975
r = 14.55% = 0.1455
t = 8 years
n = 12
Now , the amortization formula is
P = a ÷ {{[(1 + r/n)^nt] - 1} ÷ [r/n(1 + r/n)^nt]}
P = 975 ÷ {{[(1 + 0.1455/12)^12×8] - 1} ÷ [0.1455/12(1 + 0.1455/12)^12×8]}
P = $17.24
Total amount paid J = $17.24 × 96 = $1655.04
Let the total loan amount for the brand K be represented as K
a = $265
r = 14.55% = 0.1455
t = 3 years
n = 12
Now , the amortization formula is
P = a ÷ {{[(1 + r/n)^nt] - 1} ÷ [r/n(1 + r/n)^nt]}
P = 265 ÷ {{[(1 + 0.1455/12)^12×3] - 1} ÷ [0.1455/12(1 + 0.1455/12)^12×3]}
P = $9.13
Total amount paid K = $9.13 × 12 × 3 × 4 = $1314.72
The difference of amount of sofa j and sofa k = D
D = J - K
D = $1 655.04 - $ 1314.72 = $ 340.32
Hence , Brand K will be cheaper than Brand J by $340.32
To learn more about loan amortization click :
https://brainly.com/question/29643279
#SPJ5
The Clemson Tiger Football team won the 2016 College Football National Championship. During the regular season, they won 11 games and lost 1. The data set below is the number of points by which they won (positive values) or lost (negative value) each game.
{6,6,59,19,6,46,7,3,54,−1,22,49} = {-1,3,6,6,6,7,19,22,46,49,54,59}
What is the median? ________
What is the mode? _________
What is the mean? _________
What is the 5% trimmed mean? (Round to the nearest whole number when determining the number of values to trim).
Are these averages parameters or statistics?
median is the middle value, since there is an even number, add the 2 middle numbers and divide by 2
median = 9 +17 = 26/2 = 13
mode is the number that is repeated most often
mode = 6
mean is the average of all the numbers, when added they equal 276
276/12 = 23
mean = 23
5% trimmed mean = 218 /10 = 21.8
the averages are statistics since the points of a football game can vary
For the initial value problem y' −xy = x, y(0) = 1. write down the first four nonzero terms of the series
Let a and b be events in a sample space s such that p(a) = 0.41, p(b) = 0.46 and p(a ∩
b.= 0.14. find p(a | b).
The conditional probability that event a will occur given that event b has occurred, denoted as p(a | b), is approximately 0.3 or 30%.
Explanation:The question is asking for the conditional probability of the event a given that event b has occurred, written as p(a | b). In probability theory, the formula for conditional probability is p(a | b) = p(a ∩ b) / p(b). Here, we already know that p(a ∩ b) = 0.14 and p(b) = 0.46. Substituting these values into the formula gives us:
p(a | b) = 0.14 / 0.46 = 0.304347826.
So, the probability of event a occurring given that event b has occurred is approximately 0.3 or 30%.
Learn more about Conditional Probability here:https://brainly.com/question/32171649
#SPJ2
6x+24/x^2+7x+12 simplify
rewrite y^2(9y^2+4y-9) in standard form
if f'(2) = 3.1 and g'(2)=7.3 then the graph of f(x)+g(x) has slope 10.4 at x=2.True or false
Final answer:
The statement is true, as the slope of the graph of f(x)+g(x) at x=2 is the sum of the slopes of f and g at that point, which equals 10.4.
Explanation:
The statement is true.
In calculus, the derivative of a function at a particular point measures the rate at which the function is changing at that point. It is analogous to the slope of the tangent line to the graph of the function at that point.
When we are given that f'(2) = 3.1 and g'(2) = 7.3, these values represent the slopes of the functions f and g at x = 2, respectively.
To find the slope of f(x) + g(x) at x = 2, we simply add the slopes of f and g at that point. This is based on the rule that the derivative of the sum of two functions is the sum of their derivatives, or symbolically, (f+g)' = f' + g'.
Therefore, the slope of the graph of f(x)+g(x) at x=2 is indeed 10.4 (3.1 + 7.3).
A store had 888 sodas, both diet and regular. The ratio of diet sodas to regular sodas was 8:4. How many diet sodas were there?
Answer:no. I don’t understand. Where did the 12 come from
Step-by-step explanation:
What does it mean to say that lim n → ∞ an = ∞? the terms an become small as n becomes large. the terms an approach zero as n becomes large. the terms an become large as n becomes large. the terms an become small as n becomes small. the terms an become large as n becomes small?
The limit [tex]\lim_{n \to \infty} a_n = \infty[/tex] means that the term [tex]a_n[/tex] becomes large as n becomes large
The limit of a function describes the behavior of such function as the independent variable approaches a certain value
Infinity [tex]\infty[/tex] represents a very large number
In the limit, both n and [tex]a_n[/tex] tend to infinity
The given limit is:
[tex]\lim_{n \to \infty} a_n = \infty[/tex]
The limit above describes the behavior of [tex]a_n[/tex] as n approaches infinity
As n approaches infinity [tex]a_n[/tex] also approaches infinity
Therefore, the description of the limit [tex]\lim_{n \to \infty} a_n = \infty[/tex] is that the term [tex]a_n[/tex] becomes large as n becomes large
Learn more here: https://brainly.com/question/16176032
The statement 'lim n → ∞ an = ∞' means that the terms an become large as n becomes large.
Explanation:The statement lim n → ∞ an = ∞ means that the terms an become large as n becomes large.
Learn more about limit of a sequence here:https://brainly.com/question/39042717
#SPJ3
By decreasing each dimension by 1 unit, the area of a rectangle decreased from 40 square feet (on the left) to 28 square feet (on the right). Find the percent decrease in area.
The percent decrease in the area of a rectangle from 40 square feet to 28 square feet is calculated by dividing the difference in areas (12 sq ft) by the original area (40 sq ft) and multiplying by 100%. The result is a 30% decrease in area.
Explanation:The percent decrease in the area of a rectangle can be found by first calculating the difference in the areas and then dividing that difference by the original area. In this case, the original area of the rectangle was 40 square feet and it decreased to 28 square feet, a difference of 12 square feet.
We use the formula for percentage change which is:
(change in value) / (original value) × 100%
Here, the change in value is the difference in areas (12 square feet) and the original value is the original area of the rectangle (40 square feet). Thus we calculate:
(12 sq ft/ 40 sq ft) * 100% = 30%
So, the percent decrease in the area of the rectangle is 30%.
Learn more about Percent Decrease here:https://brainly.com/question/8549621
#SPJ2
The height of Niagara falls is 182.How many yards high is Niagara falls
To convert the height of Niagara Falls from meters to yards, we multiply the given height of 182 meters by the conversion factor of 1.09361 yards per meter, which gives us approximately 199.18 yards.
Explanation:The height of Niagara Falls is provided in this question as 182. However, no units are given so let's assume this is in meters as that's a common unit for height. The conversion factor from meters to yards is approximately 1 meter = 1.09361 yards. Therefore, we multiply the given height in meters by this conversion factor to get the height in yards.
First, identify the height given in the question- here it is 182.Next, apply the conversion factor: 182 meters * 1.09361 yards/meter.Doing this multiplication gives us approximately 199.18 yards.So, Niagara Falls is approximately 199.18 yards high when converted from meters.
Learn more about Unit Conversion here:https://brainly.com/question/19420601
#SPJ12
The length of a ribbon is 3/4 meter. Sun Yi needs pieces measuring 1/3 meter for an art project. What is the greatest number of pieces measuring 1/3 meter that can be cut from the ribbon? How much ribbon will be left after Sun Yi cuts the ribbon?
a consumer purchased a computer after a 15% price reduction. if x represents the computer's original price, the reduced price can be represented by
Makayla's local movie theater has a moviegoer club that charges an annual registration fee of 25 dollars.However, movie tickets are discounted for members at 6 dollars per ticket, instead of 9 dollars per ticket.Let m equal the number of movie tickets Makayla purchases in a year. Write a function to model the amount of money Makayla spent going too the movies during the year she joined the club. C(m)=6x+25 The domain is best represented by: A)integers B)whole numbers C)rational numbers D)real numbers Algebra chestercat
Jana is doing an experiment. She is on a dock that is 10 feet above the surface of the water. Jana drops the weighed end of a fishing line 35 feet below the surface of the water. She reels out the line 29 feet, and then reels it back in 7 feet. What is the final distance between Jana and the end of the finishing line?
Check the answer that best describes the relationship between f(x) and x. (for example if f(x) is θ(x)θ(x) check that as your answer and not o(x)o(x) or ω(x)ω(x) even though these are true also in this case.)
Prove or disprove that the product of two irrational numbers is irrational
The product of two irrational numbers can be either rational or irrational.
The product of two irrational numbers is not always irrational. To understand this, let's consider an example and a counterexample.
Example of an Irrational Product
Take the square root of 2 (\/(2)) and the square root of 3 (\/(3)). Both of these numbers are irrational. Their product is:
\/2 × \/3 = \/6
Since \/6 cannot be expressed as a fraction of two integers (making it irrational), this is an example where the product of two irrational numbers is irrational.
Counterexample of a Rational Product
Now, consider another example with \/(2) and \/(2). Since both are irrational, their product is:
\/2 × \/2 = 2
Here, 2 is a rational number because it can be written as a fraction (2/1). Therefore, this is a counterexample where the product of two irrational numbers is rational.
In summary, the product of two irrational numbers can be either rational or irrational depending on the specific numbers involved.
I REALLY NEED HELP WITH MY CALC CORRECTIONS. THIS IS THE THIRD TIME IVE POSTED THIS. I NEED HELP ASAP PLS!! I HATE CALC 1
Only the Fahrenheit one plz
Jane saved $ 800. Her sister has 10 times as much money. How much money does Jane's sister have? Use number or words to explain your answer.
on Monday 2/3 of the team practiced Tuesday 7/8 Wednesday 1/2 and Thursday 3/4 on which date were the most team members present at practice
2+1.25f=10−2.75f solve for f
The value of f is 0.02.
What is an expression ?Expression is a formation of numbers and variables with mathematical operations.
According to the given question we have to solve for f or we can say we have to find the value of f for the given expression which is
2+1.25f=10−2.75f (lets multiply each term by 100 to remove
decimals )
∴ 200 + 125f = 1000 - 275f
125f + 275f = 1000 - 200
400f = 800
f = 800/400
f = 2.
As we have multiplied by 100 we have to divide by 100 we obtain the exact result.
So, 2/100 is = 0.02
f = 0.02.
learn more about expressions here :
https://brainly.com/question/15994491
#SPJ6
What is the distance between 0.5 to -1.5
A suit is on sale for $154. If the original price of the suit was $440, what percent was discounted for the sale?
A data set a has a mean of 7,a median 5,and a mode of 8.wich of the the numbers 7,5,and 8 must be in the data set?
PLZ HELP IM FAILING!!!!!! The linear equation y−3=4(x+5)y−3=4(x+5) y minus 3 equals . 4 open x plus 5 close is in what form.
How can you check to see if this equation is correct? 12+39=49
Answer:
By solving it.
Step-by-step explanation:
In order to see if the equation is correct, you just have to perform the operations in both sides of the inequality and then check if those are equal, that means that the equation is correct, for example if both sides of the equation give as a result 10 then the equation is correct, now let´s do it with the problem:
12+39=49
51=39
Since 51 is not equal to 39 that means that the equation is not correct.
A lawn is in the shape of a trapezoid with a height of 40 feet and bases of 60 feet and 140 feet. How many bags of fertilizer must be purchased to cover the lawn if each bag covers 1800 square feet?
The weight of 1000 identical samples of a substance is 10 pounds. What is the weight of 10 samples?
A video editor takes 15 hours to add a
Find f`(x) for the following function. Then find f(5),f(0),f(-9).
f(x)=2x+1 (simplify)