mario is taking a $2,900, 2-year loan with an APR of 5.44%. what is the montly payment for this loan? round to the nearest cent

Answers

Answer 1

Answer:

The monthly payment for this loan is $127.80

Step-by-step explanation:

The formula of the monthly payment is

[tex]M.P=\frac{P(\frac{r}{n})}{1-(1+\frac{r}{n})^{-nt}}[/tex]

P is the initial amount of the loanr is the rate in decimaln is the period of the timet is the time of the loan

∵ Mario is taking a $2,900, 2-year loan with an APR of 5.44%

∴ P = 2,900

∴ t = 2

∵ ART means annual percent rate

∴ r = 5.44% = 5.44 ÷ 100 = 0.0544

∴ n = 12

→ Substitute all these values in the formula above

∵ M.P = [tex]\frac{2,900(\frac{0.0544}{12})}{1-(1+\frac{0.0544}{12})^{-(12)(2)}}[/tex]

→ use your calculator to find the answer

∴ M.P = 127.7992528

→ Round it to the nearest cent ⇒ 2d.p

∴ M.P = 127.80

The monthly payment for this loan is $127.80


Related Questions

Saadia has a prepaid phone plan that charges a flat fee of $15 and an additional $0.05 per minute used each month. Let x = number of minutes used each month. A) Write an equation to model the total cost of Saadia’s monthly plan. B) If the total cost for Saadia’s phone last month was $26.15, how many minutes did she use?

Answers

Answer:

15+.05x=

223 minutes

Step-by-step explanation:

26.15-15=11.15

11.15/0.05 (cost per minute)=223 minutes

Noah has a coupon for 30% off at his favorite clothing
store. He uses it to buy a hoodie and a pair of jeans.
The regular price of a hoodie is $27. What did Noah
pay for the hoodie?

Answers

Answer:

18.9 i think

Step-by-step explanation:

Answer: $11.04

Step-by-step explanation:

30% of 28 would be 11.4 but then convert it to money

NEED HELP ASAP!! Is there enough information to prove that the triangles are congruent?

If yes, provide the correct Triangle Congruence Postulate or Theorem and a congruence statement.

If no, justify your answer.

Answers

Answer:

No.

There's no congruence theorem or statement that proves that 2 triangles with 2 sides and a non-included angle are congruent to each other.

Step-by-step explanation:

The triangles given, ∆ABC and ∆CYZ both have a non-included angle and two sides given that are congruent to each other.

However, this alone is not enough to prove that both ∆s are congruent to each other because there is also possiblity of another ∆ that will have the same two equal sides and a non-included angle as any of the 2, and can thereby have different shape and size.

There's also no congruency statement that proves that two triangles with congruent two sides and a non-included angle are congruent to each other.

Therefore, the information to us is not enough.

Q.Find the selling price if the cost price is $1200 and loss percent is 25?

Write in step by step ​

Answers

Step-by-step explanation:

C.p=1200

loss percent=25

s.p=?

s.p=100- loss×C.p/100

s.p=100- 25×1200/100

S.p=75×1200/100

s.p=90000/100

s.p=900

What is -7.9? I really need help ASAP

Answers

Answer:

Negative 7.9

Step-by-step explanation:

-7.9 is just negative 7.9.

Do you need this as fraction? If you do, I can help ^^

What is x when y is 204?

Answers

Answer:

x ,y = 204

Step-by-step explanation:

Is 1¾ a rational numbers​

Answers

Answer:

Yes 1¾ is a rational number

Step-by-step explanation:

1¾ is written as a fraction of two integer and is therefore rational.

Juan's book has 248 pages this is 10 more pages than there are in Kevin's book how many pages are in Kevin's book

Answers

Answer:

238

Step-by-step explanation:

juans has 10 more than kevin's, so you just subtract 10 from 248, getting 238

Need a favor!
Sal's Sandwich Shop sells wraps and sandwiches as part of its lunch specials. The profit on every sandwich is $2 and the profit on every wrap is $3. Sal made a profit of $1,470 from lunch specials last month. The equation 2x + 3y = 1,470 represents Sal's profits last month, where x is the number of sandwich lunch specials sold and y is the number of wrap lunch specials sold.

Change the equation to slope-intercept form. Identify the slope and y-intercept of the equation. Be sure to show all your work.

Describe how you would graph this line using the slope-intercept method. Be sure to write using complete sentences.

Write the equation in function notation. Explain what the graph of the function represents. Be sure to use complete sentences.

Graph the function. On the graph, make sure to label the intercepts. You may graph your equation by hand on a piece of paper and scan your work or you may use graphing technology.

Suppose Sal's total profit on lunch specials for the next month is $1,593. The profit amounts are the same: $2 for each sandwich and $3 for each wrap. In a paragraph of at least three complete sentences, explain how the graphs of the functions for the two months are similar and how they are different.

Below is a graph that represents the total profits for a third month. Write the equation of the line that represents this graph. Show your work or explain how you determined the equations.

graph of line going through ordered pairs (0, 300) and (450, 0)

Answers

slope intercept form: y=-2/3x+490

the slope: -2/3

y intercept: (0, 490)

function notation: f(x)=-2/3x+490

Graph: (0,495) & (735,0)

Julie opens a bank account with $500. She deposits $60 each month. Write a function that represents th
amount
that is in Julie's account after x months.

Answers

Answer:

Let Y represent the $60 deposited each month and F represent the total amount after X months. 500+Y•X= F

Step-by-step explanation:

2. Let f(x) = 2x2 + 2. Find each of the following:
a. f(-3)
b. f(6)
c. f(-1)
d. f(4)

Answers

A: -10
B: 26
C: -2
D: 18

Use this picture and help please

Answers

65 degrees because then it adds to 180 degrees

Answer:

This would be 55 degrees because the sum of angles A, B and C = 180 degrees

Greg spent 6.4 hours working with his dad one Saturday. If his dad paid him$45.76, how much did Greg make per hour?

Answers

Answer:

$7.15

Step-by-step explanation:

The best way to solve this is by crossing out the data you don't need so you're left looking at the key pieces to put the equation together. If his dad paid him $45.76 for 6.4 hours, then all you need to do is divide 45.76 by 6.4. (Hint: Use a calculator, it makes it ten times faster than trying to write it out!)

45.76 ÷ 6.4 = 7.15

So Greg made $7.15 an hour working with his dad.

9
1 point
What postulate or theorem justifies the congruence statement AABE – ACDE?
B
x
SSS
SAS
ASA
AAS

Answers

Answer:

okay i will answer but i dont see the question

Step-by-step explanation:

If Michael can read 400 pages in 8 hours, how many pages can he read in 1 hour?

Answers

Step-by-step explanation:

He will read 50 pages in an hour

What percentage is 14 of 28? *
75%
60%
50%
45%

Answers

The answer for the percentage of 14 and 28 is 50%.

50%
Because 28/14= 1/2= 50%

2/3p+3. p=3/5
What is the Answer to what

Answers

Step-by-step explanation:

2/3p+3

where p=3/5

substitute p into 2/3p + 3

2/3(3/5) + 3

2/(9/5) + 3

10/9 + 3

10+3)/9

13/9

1 4/9

Solve four ninths minus four tenths equals blank.

Help Me ASAP

Answers

The answer is 2/45.......

Answer:

4/9

Step-by-step explanation:

Jill and Katie are making bracelets to sell at The Windmill. They determined that each bracelet would have six beads and four charms.How many bracelets can they sell if they have 80 charms? show all work

Answers

Answer:

20 bracelets

Step-by-step explanation:

Since they must use 4 charms per bracelet, 80 divided by 4 is 20 so 20 bracelets can be made.

Traven put a gallon of gas in his car and pays $22 what is the cost of 1 gallon of gas complete the table

Answers

Answer:

pls mark me brainliest the answer

Step-by-step explanation:

a gallon= 22$

1 gallon = 7.3$

find the slope

(11, 7) and crosses the
y-axis of 17

Answers

Answer:

Slope of the line (m): -0.909090909091

Y-intercept of the line (b): 17.0

Slope Intercept Form (y = mx + b): y = -0.909090909091x + 17

Step-by-step explanation:

We have that the  the slope  (11, 7) and crosses the y-axis of 17 is

m=−0.909

From the question we are told

The  the slope  (11, 7) and crosses the y-axis of 17  

Generally the equation for the Slope  is mathematically given as

[tex]m=\frac{y_2-y_1}{x_2-x_1}\\\\ Where\\\\\ Therefore\\\\m=\frac{17-7}{0-11}\\\\ m=-0.909[/tex]

Therefore

The  the slope  (11, 7) and crosses the y-axis of 17 is

m=−0.909

For more information on this visit

https://brainly.com/question/23366835

Georgia is making fruit punch. She uses 650 milliliters
of grape juice, 830 milliliters of apple juice, and 520
milliliters of cherry juice. How many liters of fruit punch
does she make? (page 323 for Conversion Chart)

Answers

Answer:

2 liters

Step-by-step explanation:

650ml + 830ml + 520ml = 2000ml

2000/1000 = 2 liters

Suppose that 8 cards are drawn from a well-shuffled deck of 52 cards. What is the probability that all 8 are black? The probability is (Round to six decimal places as needed.)​

Answers

Answer:

0.0020760077

Step-by-step explanation:

The probability of drawing the first black card is 26/52 because there are 26 of them in a deck of 52.

The probability of drawing the second black card is 25/51 because there are 25 of them in a deck of 51.

The probability of drawing the third black card is 24/50 because there are 24 of them in a deck of 50.

And so on and so forth, now we just have to multiply the 8 fractions together:

26/52*25/51*24/50*23/49*22/48*21/47*20/46*19/45=

[tex]\frac{26}{52} *\frac{25}{51} *\frac{24}{50}* \frac{23}{49} *\frac{22}{48} *\frac{21}{47} * \frac{20}{46} * \frac{19}{45}[/tex]= 0.0020760077

Can some one help me find x?

Answers

Answer:

x = 20

Step-by-step explanation:

Exterior angles are equal.

7x - 3 = 6x + 17

Add 3 and subtract 6x to both sides.

x = 20 is the answer.

answer: x=20


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

Answer the picture please and thank you!! :))

Answers

Answer:

B. 34º

Step-by-step explanation:

So we know that a straight line is equal to 180º and we already have to measure of angle 2. So to find the angle of measure 1, we just subtract 146 from 180.

180 - 146 = 34

So the measure of angle 1 is 34º.

Now, because of alternate exterior angles, we know that they would be the same. SO m∠7 = 34º

Which of the following shows 4x+23+7x-12+y in simplest terms

Answers

Answer:

11x+25+y

Step-by-step explanation:

If you simplify, you get...

(4+7)x+(23+12)+y

11x+25+y

Hope I helped!

Someone please help me

Answers

It’s too blurry I can’t see it
Can u repost it

is 2,107,954 even or odd

Answers

Answer:

Even

Step-by-step explanation:

Ends in 4

Answer:

even

Step-by-step explanation:

can be divided by 2

Rewrite the function f(x)=2(x-1)^2-1 in the form f(x)=ax^2+bx+c

Answers

Answer:

2x^2-4x+1

Step-by-step explanation:

2(x-1)^2-1

2(x^2-2x+1)

2x^2-4x+2-1

2x^2-4x+1

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[tex]f(x) = 2 ({x - 1})^{2} - 1 [/tex]

[tex]f(x) = 2( {x}^{2} - 2x + 1) - 1[/tex]

[tex]f(x) = 2 {x}^{2} - 4x + 2 - 1 [/tex]

[tex]f(x) = 2 {x}^{2} - 4x + 1 [/tex]

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Solve for y: 4(y + 1) - 8 =
4y + 13

Answers

i have concluded the answer is a chicken
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