Suppose that Marlie had decided to apply for a private loan rather than a federal loan. She has

been offered a private loan for 10 years with an APR of 7.8%.

a. Determine her monthly payment.

b. What is the total amount she will pay back?

c. What is the total interest amount?

Answers

Answer 1

Using simple interest, and considering a loan of $5,000, it is found that:

a) Her monthly payment is of $74.17.

b) She will pay back $8,900.

c) The total interest amount is of $3,900.

The amount of money after t years in simple interest is modeled by:

[tex]A(t) = A(0)(1 + rt)[/tex]

In which:

A(0) is the initial amount. r is the interest rate, as a decimal.

In this problem:

The loan is of $5,000, hence [tex]A(0) = 5000[/tex].The APR is of 7.8%, hence [tex]r = 0.078[/tex]10 years, hence [tex]n = 10[/tex]

Item b:

[tex]A(10) = 5000[1 + 0.078(10)] = 8900[/tex]

She will pay back $8,900.

Item a:

$8,900 will be paid in 10 x 12 = 120 months, hence:

[tex]M = \frac{8900}{120} = 74.17[/tex]

Her monthly payment is of $74.17.

Item c:

Loan of $5,000, pays back $8,900, hence:

8900 - 5000 = 3,900

The total interest amount is of $3,900.

A similar problem is given at https://brainly.com/question/13176347


Related Questions

please help me with these questions I could truly appreciate it. No link please!

Explain why an exponential or logarithmic function would not be used to model the graph from question 1?

For Question 1, what is the y intercept and explain the meaning in the context of that problem?

Answers

Answer:

see below

Step-by-step explanation:

neither would be used because for an exponential, it would be a constant increasing or decreasing, and same thing for the logarithmic. This function has a consistent wave pattern.

1. 600, y intercept is when the study began

A graph can be modeled by several functions such as exponential function, logarithm functions, linear functions, quadratic functions, etc.

The graph is neither an exponential function, nor a logarithmic functionThe y-intercept is 600

The function type

An exponential function and a logarithmic function would either increase through its interval or decrease through its interval.

These functions would not increase and then decrease or decrease and then increase at different intervals.

From the attached graph, we can see that the graph increases and decreases at several intervals.

Because of this changes in the graph behavior, the graph cannot represent an exponential function or a logarithmic function.

The y-intercept

The graph cross the y-axis at y = 600.

Hence, the y-intercept is 600

Read more about exponential and logarithmic functions at:

https://brainly.com/question/3181916

help plsssssssssssss

Answers

Answer:

with what

Step-by-step explanation:

Answer:

help with? there's nothing there

1. 543.5 = _______ ft _________ in

Answers

Answer:

uważam że nie wiem ale bym wiedział tylko muszę wiedzieć

geometry B: fill in the blank

Answers

Answer:

The circumference of a circle is the distance around the entire circle, while arc length, s, is the distance between two points on the circle.

C = 2πr = 2π( 5 ) = 10π ≈ 31.4 units

3.14 is an approximation for π.

s = θ/360° (C)

mAB = 60°/360° ( 31.4)

= 1/6(31.4) ≈5.2 units

sarah had $40 at the beginning of the week. She babysat 3 days and by Saturday had $110. what is the percent increase

Answers

Answer:

175% increase

Step-by-step explanation:

The value of the function f(x) = 5x +7 at 3 is

Answers

Answer:

22

Step-by-step explanation:

Substitute x = 3 into f(x) , that is

f(3) = 5(3) + 7 = 15 + 7 = 22

A radio tower is located 425 feet from a building. From a window in the building, a person determines that the angle of elevation to the top of the tower is 30 ∘ ∘ and that the angle of depression to the bottom of the tower is 26 ∘
. How tall is the tower?

Answers

The height of the tower is 452.66 ft

The situation will form 2 right angle triangle. One above the line of sight

and one below the line of sight.

Therefore,

Using trigonometric ratio,

tan ∅ = opposite / adjacent side

tan 30° = h(top of the tower) / 425

h(top of the tower) = tan 30 × 425 = 245.373864406  

tan 26° = h(bottom of the tower) / 425

h(bottom of the tower) = 425 × tan 26° = 207.28635014

Therefore,

Height of tower = h(top of the tower) + h(bottom of the tower)

Height of tower = 245.37 + 207.29 = 452.66 ft

learn more: https://brainly.com/question/12855949?referrer=searchResults

Find the equation of the line passing through the points 7,2 and 9,1

Answers

9514 1404 393

Answer:

  y = -1/2x +11/2

Step-by-step explanation:

The slope of the line is ...

  m = (y2 -y1)/(x2 -x1)

  m = (1 -2)/(9 -7) = -1/2

The y-intercept is ...

  b = y -mx

  b = 2 -(-1/2)(7) = 11/2

Then the slope-intercept equation is ...

  y = -1/2x +11/2

_____

Alternative solution

A general form equation for the line can be ...

  (y1 -y2)(x -x1) -(x1 -x2)(y -y1) = 0

  (2 -1)(x -7) -(7 -9)(y -2) = 0

  x-7 +2y -4 = 0

  x +2y -11 = 0 . . . . . general form equation

  x +2y = 11 . . . . . . . standard form equation

Note that we want the x-coefficient to be positive, so we chose the order of the points to make that be the case.

How many palindromes between 1000 and 9999 inclusive are divisible by 9?

Answers

Palindromes are numbers that remain the same, when reversed.

There are 10 palindromes divisible by 9 between 1000 and 9999

To do this, we list the numbers divisible by 9 between 10 and 99.

The numbers are:

[tex]\mathbf{A = 09,\ 18,\ 27,\ 36,\ 45.\ 54,\ 63,\ 72,\ 81,\ 90,\ 99}[/tex]

Flip these numbers

[tex]\mathbf{B =90,\ 81,\ 72,\ 63,\ 54.\ 45,\ 36,\ 27,\ 18,\ 09,\ 99}[/tex]

Combine corresponding numbers

[tex]\mathbf{AB =0990,\ 1881,\ 2772,\ 3663,\ 4554,\5445,\ 6336,\ 7227,\ 8118,\ 9009,\ 9999}[/tex]

Rewrite as:

[tex]\mathbf{AB =990,\ 1881,\ 2772,\ 3663,\ 4554,\5445,\ 6336,\ 7227,\ 8118,\ 9009,\ 9999}[/tex]

990 is less than 1000.

So, we have:

[tex]\mathbf{AB =1881,\ 2772,\ 3663,\ 4554,\5445,\ 6336,\ 7227,\ 8118,\ 9009,\ 9999}[/tex]

Count the numbers

[tex]\mathbf{n(AB) =10}[/tex]

Hence, there are 10 palindromes divisible by 9 between 1000 and 9999

Read more about palindromes at:

https://brainly.com/question/14076732

Hemp help help help help help math math math

Answers

Answer:

x=25

Step-by-step explanation:

5x-5+  2x+10 =180

2x-5x = 10+5

3x= 15

x=5

5(5)-5+ 2(5) +10 =180

Rico had $80. He spent 40% on snacks and 1/4 on travel and kept 1/2 of the remainder for the next day.​

Answers

Answer:

$4????

Step-by-step explanation:

I searched 40% of 80 and got 32, then 1/4 of 32, which was 8, then that in half was 4. I am not sure if it is right or if 8 was the final answer.

Mike can drive 345 miles on
15 gallons of gas. How many
miles per gallon does Mike
get?

Answers

Answer:

23

if you have 15 gallons of gas and it makes it 345 miles that is 345 divided by 15 which is 23 or 023

15x2 equals 30 34 - 30 equals 4 bring the 5 down you have 45 15x3 equals 45, 45 - 45 equals 0

Waiting times to receive food after placing an order at the local Subway sandwich shop follow an exponential distribution with a mean of 66 seconds. Calculate the probability a customer waits:a. Less than 39 seconds.

Answers

Using the exponential distribution, it is found that there is a 0.4462 = 44.62% probability that a customer waits less than 39 seconds.

The exponential probability distribution, with mean m, is described by the following equation:  

[tex]f(x) = \mu e^{-\mu x}[/tex]

In which [tex]\mu = \frac{1}{m}[/tex] is the decay parameter.

The probability that x is lower or equal to a is given by:

[tex]P(X \leq x) = \int\limits^a_0 {f(x)} \, dx[/tex]

Which has the following solution:

[tex]P(X \leq x) = 1 - e^{-\mu x}[/tex]

In this problem, mean of 66 seconds, hence, the decay parameter is:

[tex]\mu = \frac{1}{66}[/tex]

The probability that a customer waits less than 39 seconds is:

[tex]P(X \leq 39) = 1 - e^{-\frac{39}{66}} = 0.4462[/tex]

0.4462 = 44.62% probability that a customer waits less than 39 seconds.

A similar problem is given at https://brainly.com/question/17039711

In a sequence of four numbers, the difference between each number is 7.
The sum of the four numbers is 6.
What are the numbers in the sequence?
You must show all your working.

Answers

Answer:

Step-by-step explanation:

Let x be the lowest number of the four

x  + (x + 7) + (x + 14) + (x + 21) = 6

4x + 42 = 6

4x = -36

x = -9

-9 + 7 = - 2

-9 + 14 = 5

-9 + 21 = 12

-9. -2, 5, 12

solve pls brainliest

Answers

Answer:

1. -64

2.-27

Step-by-step explanation:

Hopes this helps

:)

The expression 63+81,
How can you can use the distributive property in the GCF to find a equivalent expression? Explain how can you check your answer

Answers

Answer: 9 (7 + 9)

Step-by-step explanation:

63 = 9 * 7 and 81 = 9 * 9

if 5c-2=3c, then 24c=

Answers

Answer:

24

Step-by-step explanation:

Step-by-step explanation:

24 is 3×8

so, when

3c = 5c-2

then

8×3c = 24c = 8×(5c-2) = 40c - 16

click on the link i need help

Answers

Answer:

Uuuuh thats kind of suspicious, maybe you could post your question without  a link? But links are usually scams, so dont do that :)

A submersible is a type of underwater vessel. Suppose a submersible starts at a depth of 40 feet below sea level, represented by –40 feet. The table shows the submersible's change in depth from one minute to the next. Time and Depth of Submersible
2:15 p. m. 2:16 p. m. 2:17 p. m. 2:18 p. m.
–40 feet 180 feet lower 175 feet lower 185 feet lower
Answer the questions to find the depth of the submersible after 3 minutes.

1. Write and evaluate a subtraction expression to find the depth of the submersible at 2:16 p. m.

Write your answer in the space below.

2. Write and evaluate a subtraction expression to find the depth of the submersible at 2:17 p. m.

Write your answer in the space below.

3. Write and evaluate a subtraction expression to find the depth of the submersible at 2:18 p. m.

Write your answer in the space below.

4. If the submersible dove straight down, what is the distance between the submersible's starting position at 2:15 and its position at 2:18? Show your work.

Write your answer in the space below.

Answers

Step-by-step explanation:

1. -40 - 180 = -220

2. - 40 - 180 - 175 = -395

3. -395 - 185 = -580

4. starting position of submersible at 2:15 = -40

position at 2:18 = -580

therefore, their distance = -580 -(-40) = -540.

HOPE THIS ANSWER HELPS YOU!

one of the acute angles of a right angle triangle is 35 degree find the measure of the acute angle.​

Answers

Answer:

55°

Step-by-step explanation:

One triangle = 180° Therefore 90°+35°+ Unknown acute angle = 180°

125°+ Unknown acute angle = 180°

Unknown acute angle = 180°-125°

Unknown acute angle =55°

Answer:

55°

Step-by-step explanation:

One triangle 180° 90+35 =125-180=55°

The cost of 1 m ribbon is ₹ 75. Find the cost of 7/5 metres of ribbon​

Answers

Given that

The cost of 1 m ribbon = Rs.75

The cost of 7/5 m ribbon

→ (7/5)×75

→ (7×75)/5

→7×15

→₹ 105

The cost of 7/5 m ribbon is ₹105.

For every 3 minutes that Ginny plays on the computer, she plays outside for 10 minutes. What is the ratio of minutes Ginny plays on the computer to minutes she plays outside?​

Answers

Three to Ten  3:10

...................................................

Sandy threw a ball 86 inches. She
picked it up and threw it another 12
inches. Then she threw it another 10
inches. How many feet in total, did
Sandy throw the ball?


Due tomorrow

Answers

She threw the ball 84 inches

If z=15, what would the expression z2 – 2z + 15 be equal to?
A 205
B 210
C 215
D
220

Answers

None of those are correct.

Find the equation of this line.

Answers

y=3/4x+1/4

I hope this helped :)

Answer:

Step-by-step explanation:

two points on the line are (-3,-2) and (5,4)

slope=(4-(-2))/(5-(-3)=(4+2)/(5+3)=6/8=3/4

eq. of line is

y+2=3/4(x+3)

4y+8=3x+9

4y=3x+9-8

4y=3x+1

y=3/4 x+1/4

A soap manufacturer advertises that it has increased the size of their bottle of dishwashing soap to 18.4 ounces, which is 5% more than the original size. What is the original size of the bottle?

Answers

Based on the information given the original size of the bottle is 17.5 ounces.

Using this formula

Original size of the bottle =New bottle size / Percentage increase

Where:

New bottle size=18.4 ounces

Percentage increase=(1+0.05)=1.05

Let plug in the formula

Original size of the bottle=18.4/(1+0.05)

Original size of the bottle=18.4/1.05

Original size of the bottle=17.5 ounces

Inconclusion the original size of the bottle is 17.5 ounces.

Learn more about original size of the bottle here:https://brainly.com/question/25001466

Answer:

17.5

Step-by-step explanation:

i did the math and also im never wrong swear on got thats the annswer

How do I find the percent of change

Answers

Answer:

200%

Step-by-step explanation:

It increases by 3 times. Because 100% increase is a 2x increase, 200% will be a 3x increase. Therefore, your answer is 200%.

9.
Use vertex form to write the equation of the parabola.

A. y = (x + 3)^2 - 3

B. y = 2(x - 3)^2 - 3

C. y = 2(x - 3)^2 + 3

D. y = 2(x + 3)^2 - 3

Answers

The answer is A, y = (x+3)^2 -3

Answer:

Step-by-step explanation:

hmm

HOW DO I FIND QR

PLEASE HELP

Answers

Solution: For finding QR we need to apply Pythagoras Theorem

What is Pythagoras Theorem ?

ans : Pythagoras Theorem is the sum of square of two sides which is equal to the third side or the hypotenuse. This formula is valid oy incase of Right-Angled Traingle because one of three angles here is 90°

According to this law let's apply it in the diagram shown here.

(Hypotenuse)² = (Adjacent)² + (Opposite)²

(PR)² = (QR)² + (PQ)²

(5x - 2)² = (QR)² + (3x - 1)²

(QR)² = (5x - 2)² - (3x - 1)²

After factorising both of them we get

(QR)² = 25x² - 20x + 4 - (9x² - 6x + 1)

(QR)² = 25x² - 20x + 4 - 9x² + 6x - 1

(QR)² = 16x² - 14x + 3

QR = √(16x² - 14x + 3)

So, QR is √(16x² - 14x + 3)

Explain how each location given in the table is related to the origin.

Answers

Refer to the attachment

Other Questions
which of the following is not a true dilation? A. The image and preimage have congruent anglesB. The image and preimage have proportional sidesC. The image and preimage are congruentD. The image and preimage are similar Read the following sentence from the section "The Big Bang Formed The Universe." Then, fill in the blank. Or did the universe first organize as immense clumps of matter that later broke apart into galaxies? The word "immense" in the sentence above emphasizes A. the uncontrolled and random force of the Big Bang B the mystery surrounding the formation of the universe C. the huge scope and significance of the Big Bang D. the orderly structure of the early universe rpd am nev pt test a)Explicai de ce partea de nord-est a Podiului Moldovei dei este o regiune deluroas cu altitudini mediipeste 200 de metri este numit Cmpia Moldovei.b) b) Ordonai de la nord la sud, dup poziia geografic, urmtoarele diviziuni ale Podiului Dobrogei:Depresiunea Nalbant, Munii Mcinului, Podiul Negru Vod, Podiul Casimcei 2/5+1/2===================== 1. We go to school five days __________________ .A. a week B.in a week C. on a week D.at a week Find each function value.f(6) if f(x) = 4x?f(8) if f(x) = x + 11 [tex]\Large\mathtt\color{red}{H}\color{orange}{E}\color{yellow}{L}\color{lime}{P}\color{green}{M}\color{cyan}{E}\color{aquamarine}{!}[/tex][tex]\Large\mathtt\color{cyan}{}[/tex]5400 300000[tex]\Large\mathtt\color{cyan}{}[/tex][tex]\Large\blue{\boxed{\tt{\colorbox{cyan}{WITH}}}}[/tex][tex]\Large\blue{\boxed{\tt{\colorbox{cyan}{SOLUTION}}}}[/tex][tex]\tt\colorbox{blue}{\boxed{\colorbox{red}{ \color{pink}{ \rm{ NONSENSE = REPORT }}}}}[/tex] Explain how the monkey's paw becomes a symbol and how this moves the actions inthe plot. 33. Due to some error in a weighing scale, it shows the following reading when at rest (no weight is placed on it). Neerja measured her weight on this scale. The weight shown on the scale was 28 kg. What should she do to find out her correct weight?(A) Add 2 kg to the weight shown. (B) Subtract 2 kg from the weight shown.(C) Subtract 28 kg from the weight shown. (D) Add 4 kg to the weight shown What is the origin of the phrase "Black Power"? When prices are sticky in the short-run, the economy is forced to respond to shocks in the economy with changes in: Need help while Im at work This table represents the number of pounds, p, a puppy grows after w, weeks.When graphed, all of the points in the table lie on the same line.What is the slope and y-intercept of the line?slope=94, y-intercept=0.8slope=49, y-intercept = 2slope=49, y-intercept=0.8slope=94, y-intercept = 2Weeks, w Weight in pounds, p0 22 6.54 116 15.5 help plz Croquet ball A moving at 8.3 m/s makes a head on collision with ball B of equal mass and initially at rest. Immediately after the collision ball B moves forward at 6.4 m/s .What fraction of the initial kinetic energy is lost in the collision? Find x from this equation 7x-5=10-3x Calculate percentage to the nearest 0.1%.The markup on desserts in a restaurant is 70% of the menu price. The restaurant is adding key lime pie to its dessert list. The cost to the restaurant works out to $1.25 per slice. Determine:a. The menu price of a slice of pie. (Round your answer to the nearest cent.)Price$b. The rate of markup on cost. (Round your answer to one decimal place.)Rate% CAN SOMEONE PLSSSS HELP ME ON THE LAST ONE (c) AND GIVE THE REASON IM SO STUCK IN THIS MUCH APPRECIATED TO THOSE WHO HELP Help plzzzz! I rlly need help asap Explain how damaged DNA in a stem cell could cause a large impact to an organism Brainliest if correct OK History Final AssessmentWho lived in Greenwood when the riot occurred?O Wealthy black professionalsO Poor black farmersO Middle class wage workersO Poor whites