A business valued at $96 000 is purchased for a down payment of 25% and payments of $4000 at the end of every three months. If interest is 9% compounded monthly,
what is the size of the final payment?
Write your answer as 2,569.43.

Answers

Answer 1

Size of final payment is $6392.43

Given that formula for compound interest is P(1+r/n[tex])^{nt}[/tex]

where P is initial principal

r is interest rate

n is compound times per period

t is time in years

We find all the variables in the formula in order to get our answer.

Initial principal = 96000 less 25%= 72000

interest rate = 9%

number of compound times= 12

time in years =4.25 years (whole period is 4.5 years since number of payments to complete balance will take 54 months)

Hence principal and CI after 4 years and 3 months(the second to last payment)

72000(1+0.09/12)^12x4.25=$105,393.6

We use $105,393.6 as our principal to calculate the whole interest and principal for the period in order to find last payment

105393.6(1+0.09/12)^12x0.25=$107,786.03

interest for the final month = $107786.03-$105,393.6=$2392.43

To get our final payment, we add the principal payment of $4000 to final compounded interest =$6392.43


Related Questions

Linkin Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company’s current truck (not the least of which is that it runs). The new truck would cost $55,440. Because of the increased capacity, reduced maintenance costs, and increased fuel economy, the new truck is expected to generate cost savings of $8,400. At the end of 8 years, the company will sell the truck for an estimated $27,700. Traditionally the company has used a rule of thumb that a proposal should not be accepted unless it has a payback period that is less than 50% of the asset’s estimated useful life. Larry Newton, a new manager, has suggested that the company should not rely solely on the payback approach, but should also employ the net present value method when evaluating new projects. The company’s cost of capital is 8%.

Answers

The payback period of the investment is 6.6 years.

The net present value is $7,797.22.

The payback period calculates the amount of time it takes to recover the amount invested from the cumulative cashflows.

Payback period = Amount invested / cost saving

$55,440 / $8,400 = 6.6 years

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be determined using a financial calculator

Cash flow in year 0 = $-55440

Cash flow in year 1 to 7 = $8,400

Cash flow in year 8 = $8400 + $27,700

I = 8%

NPV = $7,797.22

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What is the prime factorization of 270?

Answers

270 = 2 x 3 x 3 x 3 x 5 = 2 x 3^3 x 5

ok done. Thank to me :>

Answer:

2x3x3x3x5

Step-by-step explanation:

if your doing this on time4learning lesson type 5x2x3x3x3 to get it right it worked for me but it didnt work in any other order

Please help! Will give 50 points!!

Answers

Answer:

- 5 | - 1 | 3 | 7

Step-by-step explanation:

Given function:

y = 2x + 3

Complete table by finding y values:

x = - 4  ⇒ y = 2*(-4) + 3 = - 8 + 3 = - 5x = - 2 ⇒ y = 2*(-2) + 3 = - 4 + 3 = - 1x = 0  ⇒ y = 2*0 + 3 = 0 + 3 = 3x = 2  ⇒ y = 2*2 + 3 = 4 + 3 = 7

Find the volume V of the solid obtained by rotating the region bounded by the given curves about the specified line. y = x2, x = y2; about y = 1

Answers

We have y = 22
D? y
= VE
Now we find the points of intersection first: 27?
-
VE
2 = 0, 1 so when x is O y is also 0
and when x is 1, y is also 1
Hence the points of intersection are (0,0) and (1,1)
Given it is rotated about y
=1
So using disk method, the volume is given by:

The volume of the solid obtained by rotating the region bounded by the given curves about [tex]y = 1[/tex] is [tex]\frac{11\pi}{30} [/tex] cubic units.

Procedure - Determination of the volume of a solid of revolution

Let [tex]f(x) = 1[/tex], [tex]g(x) = x^{1/2}[/tex] and [tex]h(x) = x^{2}[/tex], both [tex]g(x) [/tex] and [tex]h(x)[/tex] have the following intersection points: [tex](x_{1}, y_{1}) = (0, 0)[/tex] and [tex](x_{2}, y_{2}) = (1,1)[/tex]. This means that the interval of x-coordinates for the solid of revolution is [tex]x \in [0, 1][/tex].

The integral formula for the volume of the solid of revolution ([tex]V[/tex]), in cubic units, is:

[tex]V = \pi \int\limits^{1}_{0} {[h(x)-f(x)]^{2}} \, dx - \pi \int\limits^{1}_{0} {[g(x)-f(x)]^{2}} \, dx [/tex] (1)

After substituting on each function and simplifying terms we get the following integral:

[tex]V = \pi \int\limits^{1}_{0} {(x^{2}-1)^{2}} \, dx - \pi \int\limits^{1}_{0} {(x^{1/2}-1)^{2}} \, dx [/tex]

[tex]V = \pi\left[\int\limits^{1}_{0} {x^{4}} \, dx - 2\int\limits^{1}_{0} {x^{2}} \, dx -\int\limits^{1}_{0} {x} \, dx + 2\int\limits^{1}_{0} {x^{1/2}} \, dx \right][/tex]

And the volume of the solid of revolution is:

[tex]V = \pi \cdot \left(\frac{1}{5}-\frac{2}{3} -\frac{1}{2}+\frac{4}{3} \right)[/tex]

[tex]V = \frac{11\pi}{30} [/tex]

The volume of the solid obtained by rotating the region bounded by the given curves about [tex]y = 1[/tex] is [tex]\frac{11\pi}{30} [/tex] cubic units. [tex]\blacksquare[/tex]

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Please hurry will mark brainliest if you answer correctly

Answers

Answer:

24.3

Step-by-step explanation:

Answer:

The answer would be 24.3

Determine the intercepts of the line.
Do not round your answers.
y = 4r +7

Answers

Answer:

(-7/4, 0) (0, 7)

Step-by-step explanation:

I'm assuming r is x

0=4r+7

r=-7/4

y=0r+7

y=7

Which graph represents a proportional relationship?

Answers

Answer: The first graph

Step-by-step explanation:

A proportional graph always goes through the origin

Answer:

The first graph

Step-by-step explanation:

3. Marilyn hit a golf ball on the ground with her driver. Use

the general function for a projectile to write a function

that shows the height in feet of her golf ball as a function

of time. The ball was hit with an initial vertical velocity of

130 feet per second.

h(t) = -16t2 + 130t


a) How long will Marilyn's ball stay in the air?


b) What was the maximum height of the ball?

Answers

It will take the ball 4.0625secs to stay in the air

The maximum height of the ball is 264.0625m

Given the function representing the height reached by the golf expressed as;

h(t) = -16t^2 + 130t

The velocity function is expressed as:

v(t) = -32t + 130

At maximum height, the velocity of the ball will be zero, i.e v(t) = 0

0 = -32t + 130

32t = 130

t = 130/32

t = 4.0625

Hence it will take the ball 4.0625secs to stay in the air

b) Substitute t = 4.0625 into the height function to have:

h(t) = -16t^2 + 130t

h(t) = -16(4.0625)^2 + 130(4.0625)

h(4.0625) = -264.0625 + 528.125

h(t) = 264.0625m

Hence the maximum height of the ball is 264.0625m

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25 points! Help (Vectors)

Answers

Answer:

[tex]7\cos(30^{\circ})[/tex]

Step-by-step explanation:

Explain the meaning of 5?
a. 1 + 2 + 3 + 4 + 5
b. 5-4-3-2-1-0
c. 0 x 1 x 2 x 3 x 4 x 5
d. 5 ∙ 4 ∙ 3 ∙ 2 ∙ 1​

Answers

A. 5 is being added

B. 5 is being subtracted

C. 5 is being multiplied

D. 5 is being multiplied

I hope these answers are correct

A family buys airline tickets online. Each ticket costs $208. The family buys travel
insurance with each ticket that costs $16 per ticket. The web site charges a fee of
$22 for the entire purchase. The family is charged a total of $1142. How many
tickets did the family buy

Answers

the family brought 2271 tickets.

Answer:

5 tickets

Step-by-step explanation:

Each ticket costs $224 including the travel insurance and they are charged $22 regardless of the number of tickets they buy.

Therefore, the equation is 224x + 22 = 1142

First, you have to subtract the 22 from both sides to amount to 224x = 1120

Now, you divide 224 from 1120 to get 5

The family bought 5 tickets.

What is the solution to
4
+ 5 = 2 ?
X-3

Answers

Answer:

what you men

Step-by-step explanation:

Answer:

This may not be right, but I tried! I believe its 6.

Step-by-step explanation:

If the side of a square is increased by 25%, then by how much is its area increased?

Answers

Answer:

56.25%

Step-by-step explanation:

If a variable X changes by A% and another variable Y changes by B%, then overall net change when the two variables are multiplied is given by :

A + B + AB/100

If the change is “increase” it is positive & if the change is “decrease” it is negative.

In the given question, A = B = 25% ( Both positive as length increase )

And area = Side x Side

Applying our versatile relation :

Net increase in area = 25 + 25 + (25x25)/100 = 56.25%

What is the solution of this inequality?

r−10>−7

Drag and drop the choices to correctly complete the inequality.

r Response area Response area

Answers

Answer:

=r-10+10>-7+10

=r>3

first add +10 to the both sides so as to balance the inequality then do a simple calculation which results you to the final answer.

For r > 3, the inequality r - 10 > -7 is satisfied.

What is a expression? What is a mathematical equation? What is Equation Modelling? What is inequality?

A mathematical expression is made up of terms (constants and variables) separated by mathematical operators. A mathematical equation is used to equate two expressions. Equation modelling is the process of writing a mathematical verbal expression in the form of a mathematical expression for correct analysis, observations and results of the given problem. An inequality is a relation comparing two expressions. For example -

3x + 4 > 5

ax + b < c

We have the following inequality -

r - 10 > -7

We can write -

r - 10 > -7

r - 10 + 10 > - 7 + 10

r > 3

Therefore, for r > 3, the inequality r - 10 > -7 is satisfied.

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Ms. Mary spent $192 less than Ms.Mona on supplies for their class. Together they spent a total of $988. How much did each person spend?

Answers

Answer:

Ms. Mona and Ms. Mary spent $590 and $398 respectively.

Step-by-step explanation:

Total spent= $988

Ms. Mary +Ms. Mona= $988

Since Ms. Mary spent $192 less than Ms. Mona,

(Ms. Mona -$192) +Ms. Mona= $988

2(Ms. Mona)= $988 +$192

2(Ms. Mona)= $1180

Amount Ms. Mona spent

= $1180 ÷2

= $590

Since Ms. Mary spent $192 less than Ms. Mona,

amount Ms. Mary spent

= $590 -$192

= $398

Alternatively, since the total spending is $988,

amount Ms. Mona spent

= $988 -$590

= $398

4. Ms. Bragg is giving a test worth 100 points. The test contains a total of 40 questions. Some questions are worth 2 points and some questions are worth 4 points on the test. Write a system of equations to determine how many of each type of question are on the test. A) Define your variables. You can use any letters you want) B) Write your system of equations. (There should be 2 separate equations)​

Answers

9514 1404 393

Explanation:

A)

Let t and f represent the numbers of two-point and four-point questions, respectively.

__

B) The number of points for each type of question is the product of the point-value per question and the number of questions of that type.

  2t + 4f = 100 . . . . . the test is worth 100 points

  t + f = 40 . . . . . . . . there are 40 questions on the test

_____

Additional comment

The test will have 30 two-point questions and 10 four-point questions.

Scores in the first and final round for a sample of 8 golfers who completed golf tournament as shown below. Golfer First Round Final Round 1 73 78 2 68 75 3 70 66 4 67 71 5 71 73 6 70 68 7 68 65 8 73 72 a. State any appropriate hypothesis that can be tested for the above data. Use 2% level of significance to test the stated hypothesis. Use p-value approach

Answers

Answer:

golfing is fun but not to fun

Step-by-step explanation:

The axis of symmetry of a parabola is the line x = 6. What is the x-coordinate of the vertex of the parabola?

Answers

Answer:

x-coordinate of the vertex: h = 6.

Step-by-step explanation:

The axis of symmetry is an imaginary line that divides the graph of a parabola into two congruent parts.  The vertex of a parabola, (h, k) is the point where the graph intersects the axis of symmetry.

In the standard form of quadratic equation, y = ax² + bx + c:

[tex]\large \sf{axis\:of\:symmetry:\:x\:=\:\frac{-b}{2a}}[/tex]

In the vertex form of quadratic function, y = a(x - h)²+ k:

[tex]\large \sf{axis\:of\:symmetry:\:h\:=\:\frac{-b}{2a}}[/tex]

Hence, the axis of symmetry is the point where x = h.  

Given these definitions, we can infer that the x-coordinate of the axis of symmetry is the same as the x-coordinate of the vertex, where h = 6.

Hello i need some help here the answer
A.x−3y=6 5x−y=10

B.3x−4y=24 2x+3y=−6

C.2x−9y=18 7x−2y=14

D.x−8y=16 5x+2y=20

Answers

The answer is A i took the test last week

9514 1404 393

Answer:

  A.  x −3y = 6; 5x −y = 10

Step-by-step explanation:

The first table gives the x- and y-intercepts, so you can write the equation for the line in intercept form as ...

  x/a +y/b = 1 . . . . . . x-intercept = a; y-intercept = b

The x-value with y=0 is a=6; the y-value with x=0 is b=-2. So, the equation of the line for the first table is ...

  x/6 +y/-2 = 1

Multiplying by 6 gives ...

  x -3y = 6

The only matching equation is in answer choice A.

__

You can check that the second given equation in choice A matches the second table:

for (x, y) = (-3, -25), you have ...

  5(-3) -(-25) = -15 +25 = 10 . . . . as required

I need help with this :///

Answers

9514 1404 393

Answer:

  f(x) = -3/2x +5

Step-by-step explanation:

The differences between the x-values are all 2.

The differences between the y-values are all -3.

When the ratios of the differences are constant, the function is linear. The slope is ...

  m = Δy/Δx = -3/2

The y-intercept is given by the table value where x=0: b=5.

Then the slope-intercept equation is ...

  f(x) = mx +b

  f(x) = -3/2x +5

Mr. Walthour is building a storage in a conical shape. The base of the shed is 4 meters in diameter and the height of the shed is 3.8 meters. What is the volume of the shed? Round to the nearest tenth.

Answers

5.06(repeating) pi or approx 15.917
meters cubed

The formula for volume of a cone is 1/3 area of base times height

We can find the r of the base by dividing the diameter by 2 which can then be used in pi r squared to find the area of the base. Now we just have to multiply this by the height (which is 3.8) and then divide by 3

Hasan plans to choose a book from a section of the store where everything is 25%
off He writes the expression d 0.25d to find the sale price of the book if the original
price is d dollars.
Bella correctly writes another
expression. 0.75d, that will also find the sale price of the
book if the original price is
I/ dollars,
Use the drop-down menus to explain what each part of Hasan's and Bella's
expressions mean.

Answers

Answers:

Hasan's Expression: d - 0.25d

d: Original price0.25: percent discount 0.25d: amount of discountd - 0.25d: sale price

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

Bella's Expression: 0.75d

0.75: percent of original priced: original price0.75d: sale price

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

Explanation:

The variable d stands for the original price. The store is offering a 25% sale, which means that Hasan will save 25% of the original price. This means 0.25d represents the amount he saves (aka the discount amount).

For instance, let's say d = 100 is the original price. 25% of this is 0.25d = 25 dollars. So if the book is originally $100, then he saves $25.

As you can probably guess, the 0.75 comes from 1 - 0.25 = 0.75; it indicates that if Hasan saves 25%, then he still has to pay the remaining 75%

Notice how d - 0.25d = 1d - 0.25d = (1-0.25)d = 0.75d which points to the sale price being 75% of the original price d.

if y=x^3+3 find the value of y when x=2

Answers

Answer:

11

Step-by-step explanation:

Substitute [tex]x=2:[/tex]

[tex]y=x^3+3[/tex]

[tex]y=2^3+3\\ =8+3\\ =11[/tex]

The number 1000 has been rounded to the nearest 100. Find its lower and upper bounds.

Answers

Answer


950  ≤ 1000  < 1050

Explanation

Mark Brainliest please

The lower bound is 950 and the upper bound is 1050 when the number 1000 has been rounded to the nearest 100.

What are the lower and upper bound?

The lower bound is the smallest value that would round up to the estimated value.

The upper bound is the smallest value that would round up to the next estimated value.

Here the number 1000 is rounded to the nearest 100 will be:

The Lower bound will be 950.

The Upper bound will be 1050

Hence the lower bound is 950 and the upper bound is 1050 when the number 1000 has been rounded to the nearest 100.

To know more about Lower and upper bound follow

https://brainly.com/question/15308347

if someone helps me with dis ill give u brainliest​

Answers

Answer:

4 different answers

Step-by-step explanation:

1.

[(24/3) + (5*2^2)] = 28

2.

[(3 + 5) * 2^2 )]/24 = 32/24 = 4/3

3.

[(24/3 + 5)*2^2] = 52

4.

[(3 + 5*2^2)/24] = 23/24

Answer:

Step-by-step explanation:

1 - 2 + 10 o lw. First find a common denominator. 3 * 5 ... Divide the fraction to get a decimal answer. 21 into a an. Jinit. 5 = 1.25. Find a common.

PLEASE HELP URGENT

use the graph to solve the equation. the topic is quadratic equations

pic attached with graph & equation

Answers

Answer:

3 and-2

Step-by-step explanation:

The point of intersection

Answer:

x=-2, x=3

Step-by-step explanation:

x²-x-6=0

x²-3x+2x-6=0

x(x-3)+2(x-3)=0

(x+2)(x-3)=0

Skajekjejejwjejekwjkekekekejeje

Answers

Answer:

Skajekjejejwjejekwjkekekekejeje!!!

Step-by-step explanation:

Answer: lollllll , ?????

Step-by-step explanation:

Given that m||n, find the value of x.

Answers

Answer:

[tex] \boxed{ \sf{x = 65 \degree}}[/tex]

Step-by-step explanation:

In the given figure we have two corresponding angles.

We know that corresponding angles are equal to each other

So,

2x+5 = 1352x = 135 - 52x = 130x = 130/2x = 65

Therefore, x = 65°

Corresponding angles are same

[tex]\\ \sf\longmapsto 2x+5=135[/tex]

[tex]\\ \sf\longmapsto 2x=135-5[/tex]

[tex]\\ \sf\longmapsto 2x=130[/tex]

[tex]\\ \sf\longmapsto x=130/2[/tex]

[tex]\\ \sf\longmapsto x=65°[/tex]

A company borrows $50,000 for 8 years at a simple interest rate of 13.5%. Find the interest paid on the loan and the total amount paid

The interest paid on the loan is $

The total amount paid is $

Answers

Answer:

13.5%×50000=6750

this is interest paid on loan 6750

50000+6750=56750

The total amount paid

f(x)=(1/7)^x then what is f(-3)​

Answers

Answer:

[tex]f(-3)=343[/tex]

Step-by-step explanation:

[tex]f(x)=(\frac{1}{7} )^x[/tex]

Plug -3 into x and solve using the negative power rule:

[tex]x^{-a}=\frac{1}{x^a}[/tex]

[tex]f(-3)=(\frac{1}{7} )^{-3} \\\\f(-3)=\frac{1}{\frac{1}{7}^3 } \\\\f(-3)=\frac{1}{\frac{1}{343} } \\\\f(-3)=343[/tex]

Sorry, those fractions got very small. Let me know if I need to clarify anything there

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