you finance a $12,000 condo renovation completely on credit and you will just pay the minimum payment each month for the next few months. The APR is 18.99% and the minimum payment each month is 5% of the balance. Determine the finance charge, carry-over balance, and minimum payment required for each of the next two months, and the starting balance for month 2 in the table below.

Answers

Answer 1

Answer:

For Month 1, we have:

Carry-over balance  = $12,000.00

Finance charge = $189.90

New balance = $12,189.90

Minimum payment = $609.50

For Month 2, we have:

Carry-over balance = $11,580.41

Finance charge = $183.26

New balance = $11,763.66  

Minimum payment $588.18

Step-by-step explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.

The explanation to the answer is now given as follows:

Note: See the attached excel file for calculations of the finance charge, carry-over balance, and minimum payment required for each of the next two months.

In the attached excel file, the following formulas are used:

r = Monthly percentage rate = APR / 12 = 18.99% / 12 = 1.5825%

Carry-over balance of the current month = New balance of the previous month - Minimum payment of the previous month


Related Questions

A nontoxic furniture polish can be made by combining vinegar and olive oil. The amount of oil should be five times the amount of vinegar. How much of each ingredient is needed in order to make 15 oz of furniture​ polish?

Answers

Answer:

Missing Information.

Why is it important for mathematicians to graph functions? Select all that apply.
A. For them to determine if a function can be inverted.
B. For them to visualize the function.
C. For them to extrapolate beyond the known data.
D. For them to determine if the function can be graphed.
E. For them to determine characteristics of the function.

Answers

Answer:

e

Step-by-step explanation:

s

Chloe is remodeling her living room and wants to put down new wood floors. The wood floors cost $8.50 per square foot to buy and install. If her living room has an area of 156.5 square feet, how much will the new floors cost?

Answers

Answer:

1 330,25

Step-by-step explanation:

8.50x156,6=1330,25

Just divide it 156.5 dived by 8.50=?

The illustration below shows the graph of y as a function of x.
Complete the following sentences based on the graph of the function.
(Enter the z-intercepts from least to greatest.)
. This is the graph of a
V
function.
.
The y-intercept of the graph is the function value y =
The x-intercepts of the graph (in order from least to greatest) are located at x =
.
and =
The greatest value of y is y = and it occurs when x =
• For between x = 2 and 3 = 6, the function value y
0.

Answers

Answer:

°This is the graph of a nonlinear function.

°The y-intercept of the graph is the function value y=-6.

°The x-intercepts of the graph are located at x=2 and x=6.

°The greatest value of y is y=2, and it occurs when x=4.

°For x between x=2 and x=6, the function value y>0.

Step-by-step explanation:

I had the same question as you, I didn't get it right but i though i would answer this for you!

1. Determine whether line KM and line ST are Parallel, Pers
Line KM has a slope of 5/8
Line ST has a slope of -8/5

Answers

Answer:

Since the slope of KM and ST are different, they are not parallel

Step-by-step explanation:

Slope of line KM = [tex]\frac{5}{8}[/tex]

 Slope of ST = [tex]-\frac{8}{5}[/tex]

Determine whether the lines are perpendicular;

Solution:

We can use the slope of a line to determine whether they are perpendicular or parallel to one another.

Parallel lines do not meet one another

Perpendicular lines cross one another at an angle of 90°

Two lines are parallel if their slopes are the same;

  Since the slope of KM and ST are different, they are not parallel

help please I’m struggling badly because Im sooo bad at math

Answers

Answer:

40˚ degrees

Step-by-step explanation:

HOPE THIS HELPS

PLZZ MARK BRAINLIEST

A sign says that the price marked in all music instruments equipment is 30% off the original price. You buy a guitar of $315. What is the original price?

Answers

Answer:

$450

Step-by-step explanation:

Lets make a proportion: 315/x = 70/100

Now lets cross multiply: (315) * (100) = 70* x

Multiply:  31500 = 70x

Solve for x: x = 31500/70, x = 450

I hope this helped, please mark Brainliest, thank you!

I'll brainlist!!

Plant A is 18 inches tall after one week, 36 inches tall after two weeks, 56 inches tall after three weeks. Plant B is 18 inches tall after one week, 36 inches tall after two weeks, 54 inches tall after three weeks. Which situation represents a proportional relationship between the plants?
Height and number of weeks?

Answers

Answer:

There are 2 given situations:

Plant A and Plant B growing in 3 weeks. Find which plant grows proportional

Plant A

=> 1st week = 18 inches

=> 2nd week = 36 inches

=> 3rd week = 56 inches

=> 18 + 18 = 36 + 20 = 56

Thus, this is not proportional

Plant B

=> 1st week = 18 inches

=> 2nd week = 36 inches

=> 3rd week  = 54 inches

=> 18 + 18 = 36 + 18 = 54 inches

thus, the growth of this plant is proportional

PLSSSSSSSSSSSSSSSSSSSSSSSSSSS HELPPPPPPPPPPPPPPPPPPPPPPPPP
Last​ week, Molly decided to get her favorite photograph enlarged to make a poster. When she got the poster​ enlarged, there was a mark on it. The​ mark, which had length of 1/6 ft. and width 1/9 ft.​, came from a mark on the photograph that had length 1/4 in. and width 1/6 in. Find the ratio of the length of the mark on the photograph in inches to the length of the mark on the poster in inches. Use pencil and paper. Find the ratio using feet instead. Is the result the​ same? Explain.

Answers

Answer:

example...

2/3 = 4/6 has the same meaning as 2:3 = 4:6

Hope this helped!

The rate of change of y with respect to x is proportional to y2. Write a differential equation for the statement. (Use k for the constant of proportionality.)

Answers

Answer:

[tex]\dfrac{dy}{dx}\ = ky_2[/tex]

Step-by-step explanation:

The rate of change of y with respect to x is expressed as shown;

[tex]\dfrac{dy}{dx}[/tex]

If the rate of change of y with respect to x is proportional to y2, this is expressed as;

[tex]\dfrac{dy}{dx}\ \alpha \ y_2[/tex]

If we remove the proportionality sign, a proportionality constant will be introduced as shown;

[tex]\dfrac{dy}{dx}\ = ky_2[/tex]

where k is the constant of proportionality.

Hence the differential equation for the statement is expressed as [tex]\dfrac{dy}{dx}\ = ky_2[/tex]

At noon, the minute and the hour hands of a clock overlap. In how long will they again overlap?

Answers

Answer:

1 hour 5 9/20 minutes

Step-by-step explanation:

rewrite the function f(x)=3(x+1)^2-2 in the form f(x)=ax^2+bx+c

im so stuck on these problems thanks so much for the help

Answers

Answer:

f(x) = 3x² + 6x + 1

General Formulas and Concepts:

Order of Operations: BPEMDASExpand by FOIL (First Outside Inside Last)Standard Form: f(x) = ax² + bx + cVertex Form: f(x) = a(bx + c)² + d

Step-by-step explanation:

Step 1: Define function

f(x) = 3(x + 1)² - 2

Step 2: Find Standard Form

Expand by FOILing:                        f(x) = 3(x² + 2x + 1) - 2Distribute 3:                                     f(x) = 3x² + 6x + 3 - 2Combine like terms (constants):    f(x) = 3x² + 6x + 1

Step-by-step explanation:

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

= 3 [x^2 + 2x + 1 ] -2

=3x^2 + 6x +3-2

=3x^2 + 6x + 1

f(x)=ax^2+bx+c

ax^2+bx+c = 3x^2 + 6x + 1

a = 3

b = 6

c = 1

Use Newton's method to approximate the given number correct to eight decimal places. 4√73

Answers

Answer:34.17601498.

Step-by-step explanation:

Newton's method of approximation is used to approximate values.

The value of [tex]\mathbf{4\sqrt{73}}[/tex] is 34.17601498

Let the number be x.

So, we have:

[tex]\mathbf{x = 4\sqrt{73}}[/tex]

Square both sides

[tex]\mathbf{x^2 = 1168}[/tex]

Subtract 1168 from both sides

[tex]\mathbf{x^2 - 1168 = 0}[/tex]

Express as a function

[tex]\mathbf{f(x) = x^2 - 1168 }[/tex]

Set x1 to 73/2.

So, we have:

[tex]\mathbf{x_1 = \frac{73}{2} = 36.5}[/tex]

Where:

[tex]\mathbf{x_{n+1} = x_n- \frac{x_n^2-1168}{2x_n}}[/tex]

So, we have:

[tex]\mathbf{x_{1+1} = x_1- \frac{x_1^2-1168}{2x_1}}[/tex]

[tex]\mathbf{x_{2} = x_1- \frac{x_1^2-1168}{2x_1}}[/tex]

This gives

[tex]\mathbf{x_{2} = 36.5- \frac{36.5^2-1168}{2 \times 36.5}}[/tex]

[tex]\mathbf{x_{2} = 34.25}[/tex]

[tex]\mathbf{x_{3} = x_2- \frac{x_2^2-1168}{2x_2}}[/tex]

[tex]\mathbf{x_{3} = 34.25- \frac{34.25^2-1168}{2 \times 34.25}}[/tex]

[tex]\mathbf{x_{3} = 34.1760948905}[/tex]

[tex]\mathbf{x_{4} = x_3- \frac{x_3^2-1168}{2x_3}}[/tex]

[tex]\mathbf{x_{4} = 34.1760948905- \frac{34.1760948905^2-1168}{2\times 34.1760948905}}[/tex]

[tex]\mathbf{x_{4} = 34.1760149814}[/tex]

[tex]\mathbf{x_{5} = x_4- \frac{x_4^2-1168}{2x_4}}[/tex]

[tex]\mathbf{x_{5} = 34.1760149814- \frac{34.1760149814^2-1168}{2\times 34.1760149814}}[/tex]

[tex]\mathbf{x_{5} = 34.1760149813}[/tex]

The values of x4 and x5 are the same up till the 8th decimal place.

Hence, the value of [tex]\mathbf{4\sqrt{73}}[/tex] is 34.17601498

Read more about Newton's method of approximation at:

https://brainly.com/question/14279052

A cube has a volume of 216 cubic inches. What is the length of each edge of the cube?​

Answers

Answer:

Each side is 6 units.

Step-by-step explanation:

The problem is not how to do the question. The problem is how to get your calculator to do the question.

V = s^3

s = ?

V = 216

So what you need is the cube root of 216

s^3 = 216

cube root(s^3) = cube root(216)

s = cube root 216

Your calculator should have a y^x or x ^y key.

Put in 216

Press the y^x key or the x^y key

Put in 0.33333333333

You should get something like 5.999999 which you should round to 6.

The income earned at $6.51 per hour for w hours

Answers

Well whatever the W is you would have to times 6.51 times whatever W is

Suppose that the amount of snowfall per storm in Lincoln is normally distributed with µ = 4.2 inches and standard deviation µ = 2.3 inches (totally made up data). If the mayor decides that only the top 5% of storms should have school cancelled, what is the cutoff snowfall for school to be cancelled?

Answers

Answer:

7.9835

Step-by-step explanation:

Given that :

Mean snowfall per storm (µ) = 4.2 inches standard deviation (s) = 2.3 inches

Only the top 5% of storm should result in school being canceled :

Cut off snowfall for school to be canceled '

P(Z ≥ 5%) ; p(Z ≥ 0.05) = 1.645

Using the z relation :

Z = (x - m) / s

1.645 = (x - 4.2) /2.3

x - 4.2 = 2.3 * 1.645

x - 4.2 = 3.7835

x = 3.7835 + 4.2

x = 7.9835

Cut off snowfall for school to be canceled 7.9835

Answer:

hopes this photo helps

2/3 as a decimal and also percent

Answers

Answer:

0.6 as a decimal and 60 percent

Helpppppp pleaseeeee
Save me from this questionnnnn

Answers

y = 33
x = -3
Hoped I help

What is 3^0-10^-4. Please describe the formula used

Answers

Answer:

solution:1-1/10000

10000/10000-1/10000

9999/10000

Every triangle must have an acute angle. True or false?

Answers

Answer:

This is true every triangle has to have 1 acute angle.

Step-by-step explanation:

Here is a list of numbers 5 -17 -3 17 -6 -17 19 -14 -20 state the median.

Answers

Answer:

the answer is -6

Step-by-step explanation:

the median is the number that is directly in the middle of a sequence of numbers

Is the following relation a function?

Yes
or
No

Answers

Answer:

no

Step-by-step explanation:

Answer:

I think that it is yes but not sure

what is 900+100 I'm stuck 100 points for the people who can answer i know its 1000 still 100 points go listen to (joey trap) bars

Answers

Answer:

1000

Step-by-step explanation:

x = 1, y = -1, and z = 2

Answer:

1000

Step-by-step explanation:

yw :)

Mittens, a baby kitten, gained 120 grams of weight in 1/3 of a month. If Mittens kept growing at this rate, how much weight would he gain in 1 month?

Answers

Answer:

Step-by-step explanation:

Given

A baby kitten, gained 120 grams of weight in 1/3 of a month.

he gain in 1 month

Solution

1/3 month =120gram weight

1 month =120×3

=360 gram is the answer

Step 1:Choose the lowest common denominator

Find the sum of 1/5 and 7/10

The expression written in equation from with common denominator is______

The sum is___​

Answers

Answer:

-6/8 +5/8 and -1/8

Step-by-step explanation:

just got done doing it.

4 hours worked for $12; 7 hrs worked for $28 are the pair of ratios equal?

Answers

Answer:

no they're not equal

Step-by-step explanation:

you can find the ratio by dividing 12/4 and 28/7. 12/4 = 3 and 28/7 = 4. 3 and 4 are not equal, so no.

Answer:

No, the pair of ratios are not equal

Explanation:

To see if the ratios are equal, we have to simplify the both of them. For the first one, it’s 12/4. That is equivalent to 3/1. This means she gets $3 for every hour. Now to the next one. The ratio is 28/7 and simplify that into 4/1. That means he gets $4 each hour. So they are different meaning the pair of ratios are not equal. Good luck on your test! Have a good day.

18 divided by 4
Please help

Answers

Answer:

Step-by-step explanation: 4.5

Answer:

4.5

Step-by-step explanation:

18/4=4.5

hope this helps :3

if it did pls mark brainliest

5z + 3n -z2 ; n = 4.5 , z = 6 PLZ answer this

Answers

Answer:

5(6)+3(4.5)- 6(2)= 31.5

Step-by-step explanation:

Answer:

hmmmmm

Step-by-step explanation:

Help please this is so hard!!

Answers

-65/-13 is 5.

Hope it helped.

Answer:

use it to help you

See the explanation for a 'tip'

Explanation:

Quotient means 'the answer after dividing'.

If you get really stuck this is one (bit long) way of dealing with it.

Firstly lets for the moment forget about the negative and just deal with

-96÷12

Write as 96 12

Notice that both numbers are even so we can divide by 2

96÷2=48

12÷2=6

Again they are both even

48÷2=24

6÷2=3

The two digits of 24 are such that

2+4=6

and 6 is exactly divisible by 3 so 24 is also exactly divisible by 3. So now we can do this:

24÷3=8

3÷3=1

Now we put the negative back in giving −8

What expressions are equivalent to 6G -18H

Answers

Answer:

(2·3g)-(6·3g)

Step-by-step explanation:

Other Questions
Which answer best fits? I think its admittedly but idk Whats the closest thing to real magic? Evaluate the expression for a = 3, b=1/2 , and c = 4. 8ab/2bcEnter your answer in the box. making her way across a meadow of tall grass, Kristen fans the air as a cloud of gnats hover in front of her Ms. Lai loves soup. This weekend she visited each of her family members house to drink their soup. She drank 2 cups of soup at her aunts place, 4 pints of soup at her uncles place, and 2 quarts of soup at her dads place. Can you find out how many ounces of soup she drank this weekend???? Give explanation this is due in 15 min HELPP pleaseee Choose the correct words to complete the sentence. the colony of ants (is,are) making(its,their) way up and over the grassy mound Someone please help me Sulfur has an electronegativity of 2.58, while Cesium has a value of 0.79. Based on this information, they would have what kind of chemical bond? Which of the following is true of Egypt? Text to speecha. Egypt has more fertile area than desertb. the fertile land is along with the Nilec. Egypt has the same amount of fertile area as a desertd. there is no desert in EgyptPLEASE HELP!!! Emily spent eight hours working on creating a website. She charges $48 upfront for the setup and then an additional charge per hour. The total amount she earned can be represented by the ex[ressopm $8x+$48. What expression represents the amount she earns each hour? Tell whether the statement is true or false. Explain. If p/q= 3/5 , then 5/p=3/q According to the practice of mercantilism, what were the colonies required to send England This one strawberry plant is sending out a runner that grows into another strawberry plant. What type of reproduction would this be? This one strawberry plant sends out a runner and another strawberry plant begins to grow. What type of reproduction is this? a. sexual reproductionb. asexual reproductionc. neither, plants don't reproduce. PLEASE ANSWER THESE 4 QUESTIONS WILL MARK BRANLIEST I AM TIMED :) But if you're on the Internet, I'd say you (are / will be)still on the grid.3If housing costs continue to rise, more people(look / will look) for alternatives.If I want to go off grid, where (do / will) I start?If you're serious, you (start / will start) with a small homethat's easy to heat.What (do / will) they choose if they cannot afforda house next year? help meeee pleaseeeeee What are some signals of autism? Which part of the federal government shown on this diagram is not described directly in the original Constitution?Vice PresidentHouse of RepresentativesOther Federal CourtsCabinets State the slope and y intercept of this Y= -5x -1 One of the largest pipe organs is in the aditorium organ in the Fox Theatre. The pipe is 32ft. long and produces a sound with a wavelength of about 8.8m. If the speed of sound in air is 346m/s what is the frequency of this sound? What is the period? Show all work and explain youranswer. (12 pts.)