Suppose Sofia is considering a 5-year loan for $6,000 at an interest rate of 7%. Use the table to complete the statements. Type the correct answer in each box. Round your answer to the nearest cent. Monthly Payment per $1,000 of Principal Rate 1 Year 2 Years 3 Years 4 Years 5 Years 6.5% $86.30 $44.55 $30.65 $23.71 $19.57 7.0% $86.53 $44.77 $30.88 $23.95 $19.80 7.5% $86.76 $45.00 $31.11 $24.18 $20.04 8.0% $86.99 $45.23 $31.34 $24.41 $20.28 8.5% $87.22 $45.46 $24.65 $24.65 $20.52 9.096 $87.45 $45.68 $31.80 $24.89 $20.76 Sofia's monthly payment would be $118.80 The total number of monthly payments that Sofia would make over the life of the loan is 60 finance charge on her loan would be $1,128.00​

Answers

Answer 1

a) The monthly payment for Sofia, who is considering the 5-year loan of $6,000 at an interest rate of 7%, would be $118.80.

b) The total number of monthly payments that Sofia would make for the 5-year loan of $6,000 at an interest rate of 7% is 60.

c) The total finance charge for Sofia, who is considering the 5-year loan of $6,000 at an interest rate of 7%, would be approximately $1,128.00.

How is monthly payment calculated?

The monthly payment to pay off a mortgage can be calculated using an online finance calculator as below.

Data and Calculations:

Loan amount = $6,000

Maturity period = 5 years

Interest rate = 7%

N (# of periods) = 60 months (5 years x 12)

Results:  

Monthly Payment = $118.81 ($34.02 + $84.79)

Mortgage Payment = $7,128.60 ($118.81 x 60)

Total of 60 Mortgage Payments $7,128.60

Total Interest = $1,128.60 ($7,128.60 - $6,000)

Monthly Amortization Schedule (for the first 3 months)

 Date Beginning Balance   Interest    Principal        Ending

                                                         Repayment    Balance

1 3/2022       $6,000.00             $35.00     $83.81       $5,916.19

2 4/2022         $5,916.19               $34.51     $84.30      $5,831.90

3 5/2022        $5,831.90              $34.02     $84.79      $5,747.11

Learn more about calculating monthly payments at https://brainly.com/question/24576997

Answer 2

Answer:

The table shows monthly payments for every $1,000 of principal borrowed. For a 5-year loan at 7%, the payment on a $1,000 loan would be $19.80.

So, for a loan of $6,000, the payment would be $19.80 × 6 = $118.80.

A 5-year loan will have 60 monthly payments since 5 × 12 = 60.

Multiply the monthly payment by 60 months to get the total amount paid on the loan:

$118.80 × 60 = $7,128.

To calculate the total finance charge, subtract the principal amount from the total amount paid on the loan:

$7,128 − $6,000 = $1,128.

Step-by-step explanation:


Related Questions

a line passes through the points 3, 0 and 4, 1. what is the y-intercept of the line

Answers

9514 1404 393

Answer:

  (0, -3)

Step-by-step explanation:

The slope is the same for any segment of the line. The slope from (0, y) to (3, 0) is the same as from (4, 1) to (3, 0).

  Δy/Δx = (y -0)/(0 -3) = (1 -0)/(4 -3)

  y = -3(1/1) = -3 . . . . . multiply by -3

The y-intercept is (0, -3).

¾ + ½ =
Plz help me
I neeeeed help

Answers

1.25 would be the answer

answer

1.25

Step-by-step explanation:

[tex] \frac{3}{4} + \frac{1}{2} [/tex]

[tex] \frac{3 \times 1 + 1 \times 2}{4} [/tex]

[tex] \frac{3 + 2}{4} [/tex]

[tex] \frac{5}{4} [/tex]

[tex]1.25[/tex]

I hope this will help you..please mark my answer as BRAINLIEST....

Please help! will mark brainliest.
only answer if you truly know
Find (ƒ – g)(x) where ƒ(x) = –x^2, g(x) = –(x + 4)^2

(ƒ – g)(x) = –8x – 16
(ƒ – g)(x) = –2x2 + 8x + 16
(ƒ – g)(x) = –2x2 – 8x – 16
(ƒ – g)(x) = 8x + 16

Answers

Answer:

D

Step-by-step explanation:

We are given the two functions:

[tex]f(x) = -x^2 \text{ and } g(x) = -(x+4)^2[/tex]

And we want to find:

[tex](f - g)(x)[/tex]

Recall that this is equivalent to:

[tex]= f(x) - g(x)[/tex]

Substitute:

[tex]\displaystyle = (-x^2) - (-(x + 4)^2)[/tex]

Simplify:

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

Perfect square trinomial:

[tex]= -x^2 + (x^2 + 8x + 16)[/tex]

Combine like terms. Therefore:

[tex]= 8x + 16[/tex]

In conclusion:

[tex](f - g)(x) = 8x + 16[/tex]

Our answer is D.

Is that the right answer..?

Answers

9514 1404 393

Answer:

  the correct answer is 47

Step-by-step explanation:

You are correct down to the part where you're adding the numbers.

  50 -10 +7 = 40 +7 = 47

__

The sign of the 7 is positive. The minus sign only applies to 10.

_____

Additional comment

Here, 50 -10 is an easy sum. Sometimes it is easier to add all the positive numbers, then subtract the sum of the negative numbers. Here, that would look like ...

  (50 +7) -(10) = 57 -10 = 47

PLS HELP SHOW ME HOW TO DO THIS
A polynomial function h(x) has a zero of x = 2 – 5i with a multiplicity of one. Certain values of h(x) are given in the following table.

x h(x)
–5 0
–2 3
–1 –1
1 2
4 0
7 6
10 5

If every real x-intercept of h(x) is shown in the table and each has a multiplicity of one, what is the degree of h(x)?
A. 2
B. 3
C. 4
D. 5

Answers

The answer is 4! So c

Using function concepts, it is found that the degree of the function is: 4, option C.

----------------------------------------

The x-intercepts of a function are the values of the function for which the output is zero.The degree of a function is the sum of the multiplicities of the x-intercepts of the function.If a function has a complex root, it means that the conjugate is also a root.

----------------------------------------

When [tex]x = -5, h(x) = 0[/tex], thus, x = -5 is one x-intercept.When [tex]x = 4, h(x) = 0[/tex], thus, x = 4 is one x-intercept.There is also a x-intercept(zero) at [tex]x = 2 - 5i[/tex]. There will also be a x-intercept at the conjugate, which is [tex]x = 2 + 5i[/tex].Thus, there are 4 x-intercepts, all with multiplicity 1, which means that the degree of h(x) is 4, option C.

A similar problem is given at https://brainly.com/question/10539060

hi can someone help me with this problem!!

Answers

Answer:

f(x) | 5 | - 1 | - 3 | - 1 | 5 |

Step-by-step explanation:

So first you'll say "-2" into function

Replace x with negative 2

f(x) =2(-2) ^2 - 3

8 - 3 = 5

Secondly place "- 1" into function

Replace x with negative 1

f(x) = 2(-1)^2 - 3

2 - 3 = - 1

Thirdly place "0" into function

Replace x with 0

f(x) = 2(0)^2-3

0 - 3 = - 3

Then place "1" into function

Replace x with 1

f(x) = 2(1)^2 - 3

2 - 3 = - 1

Lastly place "2" into function

Replace x with 2

f(x) = 2(2)^2 - 3

8 - 3 = 5

{ hope this helps}

Which statement compares the two numbers correctly?

0.799 ________ 0.8 I need help thanks if you will ill give you 70 points but you have to help me before 4:00 thanks soo much if you do

Answers

Answer:

the statements are missing can you post them please

Answer:

C. 0.799 < 0.8

Step-by-step explanation:

0.799 ________ 0.8

Choices:

0.799 > 0.8 0.799 = 0.8 0.799 < 0.8 0.8 < 0.799

Comparing this two, compare 0.799 and 0.800 and if you ignore the decimals, it will be same as comparing 799 and 800.

We know 799 < 800, so apply the same here to get:

0.799 < 0.8

Correct choice is C

The Runwell Company has 8 employees. Five of
the employees earn $12 an hour, two earn $9 an
hour and 1 earns $11 an hour. What is the average
amount per hour that the employees are paid?

Answers

Answer:

41

Step-by-step explanation:

i think i dont know that much

Please help!
Find the value of x for which ABCD must be a parallelogram.

Answers

Answer:

x=5

Step-by-step explanation:

5x-8=2x+7

5x-2x=7+8

3x=15

X=15/3

x=5

Answer:

5

Step-by-step explanation:

cause

angle c and angle a are alternate angle and alternate angle are always equal so 5X-8=2x+7

5x-2x=7+8

3x=15

or x=5

round 6.7 to the nearest whole number.

Answers

Answer:

7

[tex]\tt{ \green{P} \orange{s} \red{y} \blue{x} \pink{c} \purple{h} \green{i} e}[/tex]

Find the equation of the line that is parallel to y = 4 - 3x and passes through the
point (1,5).

Answers

Answer:

[tex]y=-3x+8[/tex]

Step-by-step explanation:

Hi there!

What we need to know:

Linear equations are typically organized in slope-intercept form: [tex]y=mx+b[/tex] where m is the slope and b is the y-intercept (the value of y when the line crosses the y-axis)Parallel lines always have the same slope

1) Determine the slope (m)

[tex]y = 4 - 3x\\y = -3x+4[/tex]

Given this equation, we can identify the slope to be -3 since it's in the place of m in [tex]y=mx+b[/tex].

Because parallel lines have the same slope, -3 is therefore the slope of the line we're currently solving for. Plug this into [tex]y=mx+b[/tex]:

[tex]y=-3x+b[/tex]

2) Determine the y-intercept (b)

[tex]y=-3x+b[/tex]

Plug in the given point (1,5) and solve for b:

[tex]5=-3(1)+b\\5=-3+b\\8=b[/tex]

Therefore, the y-intercept is 8. Plug this back into [tex]y=-3x+b[/tex]:

[tex]y=-3x+8[/tex]

I hope this helps!

Roast beef has 25 g of protein and 11 g of calcium per serving. A serving of mashed potatoes has 2 g of protein and 25 g of calcium. Set up and solve a system to show how many servings of each are needed to supply exactly 29g of protein and 61 g of calcium.

Answers

Step-by-step explanation:

your answer

mark me a brainlist

Find the arc length of the partial circle. Either enter an exact answer in terms of π or use 3.14 πpi and enter your answer as a decimal

Answers

Answer:

C (circumference) = 2 pi R for circle

A (arc length) = R * theta = pi R = pi * 9 = 28.27

6. If there are 60 studensts in a class, 20 students are absent. Then, find the percentage of absent students.​

Answers

Answer:

60:20

100:?x

60×x=100×20

=33.333 %

The cost of petrol is 60 rupees per litre a petrol bunk sells 750
litre s of petrol one day. how much money do they get At The end of the day​

Answers

Answer:

45000rupees

Step-by-step explanation:

cost of 1 litre of petrol=60rupees

cost of 750 litres of petrol=750×60rupees

=45000rupees

Find the value of x.​

Answers

Answer:

x=60

Step-by-step explanation:

x=180-120

if 5-3(2a+1)=-4a+10, what is the value of a+2​

Answers

Answer:

-2

BRAINLIEST, PLEASE!

Step-by-step explanation:

5 - 3(2a + 1) = -4a + 10

5 - 6a - 3 = -4a + 10

2 - 6a = -4a + 10

-2a = 8

a = -4

-4 + 2 = -2

Answer:

a+2 = -4+2 = -2

Step-by-step explanation:

5-3(2a+1)=-4a+10

Distribute

5 - 6a -3 = -4a +10

Combine like terms

-6a +2 = -4a +10

Add 6a to each side

-6a+2 +6a = -4a+6a +10

2 = 2a+10

Subtract 10 from each side

2-10 =2a+10-10

-8 = 2a

Divide by 2

-8/2 =2a/2

-4=a

Which of the following expressions is equivalent to the expression below?please help me ​

Answers

Answer: 14x+6

Step-by-step explanation:

by using distribution from the ”2” outside the parenthesis, you simply do

2x7= 14 (add the variable x) so 14x

then you do 2x3= 6

Please help and please give explanation

Answers

Answer: -5 i guess i might b wrong i dont know -5

Step-by-step explanation:

Find the total amount paid on a loan when the monthly payment is $189 and the loan is paid off in 48 months. Use the formula A = MN, where A is the total amount paid, M is the monthly payment, and N is the number of payments.

Answers

Answer:

Step-by-step explanation:

M=189

N = 48

A = M*N

A = 189 * 48

A = 9072

Add -13 + 5. 8 -8 -18 18

Answers

Do you mean by add all the numbers?
If so this would be the answer:

80

La chispa de un relámpago artificial de 10.0 MV libera una energia de 0.125 MW .s ¿Cuántos coulombs de
carga fluyen?

Answers

Answer:

nzbzbzZnzbznzbzbzhzhsbsjs

PLZ HELP WITH BOTHHHHH

Answers

Answer:

(5,2)

(6,-6)

Step-by-step explanation:

5.4 - (9.5 - 8) - 2.5

(pls help and explain pls)

Answers

Answer:1.4

Step-by-step explanation:

4x-2=18x+5
Show ur work

Answers

x = -½

Step-by-step explanation:

[tex]4x - 2 = 18x + 5[/tex]

Collect like terms and simplify

[tex] - 2 - 5 = 18x - 4x \\ - 7 = 14x[/tex]

Divide both sides of the equation by 14

[tex] \frac{ - 7}{14} = \frac{14x}{14} \\ - \frac{1}{2} = x[/tex]

Answer:

x = -1/2

Step-by-step explanation:

4x-2=18x+5

-2-5=18x-4x

-7=14x

-7/14=14/14x

-1/2=x

enter the range of values for x:

Answers

12x because you multiply it

What is 7x-4(3x-2)=18

Answers

x=-2

i got this answer from photo math, you should download it. it give you all the answers and even explains how they got the answer!!

A building is 1 foot from a 7 foot fence that surrounds the property a worker wants to wash a window in the building 10 foot from the ground he plans to place a ladder over the fence so it rest against a building he decides he should place a ladder 7 feet from the fence for stability to the nearest 10th of a foot how long with the latter need to be

Answers

Answer:

The guitar's volume was amplified, but it was hard to hear the notes since it was so loud.

What word or phrase is a signal word that a context clue might be nearby to help determine the meaning of "amplified"?

Step-by-step explanation:

a van is traveling 64 7/8 miles per hour. an airplane is traveling 5 6/7 times faster. about how fast is the airplane traveling? could u please help?

Answers

Answer:

it will be 736 speed faster than

What is the value of (-1/4 - 1/2) ÷ (-4/7)

Answers

Answer:

1 5/16

Step-by-step explanation:

(-1/4 - 1/2) ÷ (-4/7)

Parentheses first

Get a common denominator

(-1/4 - 1/2 *2/2)

(-1/4 - 2/4)

-3/4

Replace in the equation

(-3/4 ) ÷ (-4/7)

Copy dot flip

-3/4 * -7/4

21/16

1 5/16

[tex]\\ \rm\Rrightarrow \left(\dfrac{-1}{4}-\dfrac{1}{2}\right)\div \dfrac{-4}{7}[/tex]

[tex]\\ \rm\Rrightarrow \dfrac{-1-2}{4}\times\dfrac{-7}{4}[/tex]

[tex]\\ \rm\Rrightarrow \dfrac{-3}{4}\times \dfrac{-7}{4}[/tex]

[tex]\\ \rm\Rrightarrow \dfrac{21}{16}[/tex]

[tex]\\ \rm\Rrightarrow 1\dfrac{5}{16}[/tex]

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