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Ksju [112]
2 years ago
10

Katrina has the option of an 8-year non-subsidized student loan of $32,000 at an annual interest rate of 3.5% or an 8-year subsi

dized loan of $32,000 at an annual interest rate of 4.5%. Determine for which loan Katrina will pay less interest over the term of the loan if she starts making payments 2 years after obtaining the loan. (Assume Katrina makes monthly payments for each loan. For each answer, enter a number. Round your answers to the nearest cent, as appropriate.)
The total interest paid (in dollars) on the non-subsidized loan is $ -------

The total interest paid (in dollars) on the subsidized loan is $ -------
Mathematics
1 answer:
Fiesta28 [93]2 years ago
6 0

Answer: katrina will pay less interest on the 8-year non subsidized student loan

The total interest paid on the non-subsidized loan is USD 8,959

The total interest paid on the subsidized loan is USD 11,520

Step-by-step explanation:

Subsidized loan at 4.5% for 8years will be 4.5/100 × 32000 x 1/12= USD120/month, USD 1440/year. For 8 years, USD11,520

For non subsidized student loan at 3.5% will be 3.5/100 x 32000x 1/12= USD 93.33/month, USD 1,119per year and USD 8,959 for 8 years

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A stadium brings in $16.25 million per year. it pays football-related expenses of $13.5 million and stadium expenses of $2.7 mil
Ganezh [65]
We have that

Profit margin is calculated by finding the net profit as a percentage of the revenue

Profit margin = [Net profit / Revenue]

Net profit= [Revenue-Cost]

we know that

Revenue = $16.25 million

Cost = $13.5 million + $2.7 million

Net profit = [16.25 million - (13.5 million + 2.7 million)]

Net profit = $0.05 million

Profit margin = 0.05 / 16.25

Profit margin = 0.003077 or 0.3077%


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2 years ago
Which graph represents the piecewise-defined function?
chubhunter [2.5K]

Answer: The correct option is 1.

Explanation:

The given piecewise function is,

y=\begin{cases}-\frac{4}{5}x-3 & \text{ if } x

It means if x<0, then

f(x)=-\frac{4}{5}x-3

If x\geq2, then

f(x)=3x-10

Since the f(x) is defined for x<0 and x\geq2, therefore the function f(x) is not defined for 0\leq x.

From the graph 2, 3 and 4 we can easily noticed that for each value of x there exist a unique value of y, therefore the function is defined for all values of x, which is not true according to the given piecewise function.

Only in figure the value of y not exist when x lies between 0 to 2, including 0. It means the function is not defined for 0\leq x, hence the first option is correct.

6 0
2 years ago
The positive difference between the two roots of the quadratic equation $3x^2 - 7x - 8 = 0$ can be written as $\frac{\sqrt{m}}{n
Sergio [31]

3x² - 7x - 8 = 0

We're asked about square roots so we won't try to factor; we'll go right for the quadratic formula,

x = ( 7 ± √(7² - 4(3)(-8))    )/(2(3)) = (7 ± √(49+96))/6 = 7/6 ± √145/6

145 = 5×29, so no square factors.  The positive difference is

d =  (7/6 + √145/6) - (7/6 - √145/6) = 2√145/6 = √145/3

so m=145, n=3 for a sum of

Answer: 148

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2 years ago
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Sladkaya [172]

Answer:

OC. $57.28

Step-by-step explanation:

It depends on how much she sells them for.

Let's say Anne sells them for $x.

Then her profit is:

8x-(8*7.16)

=8x-57.28

To make a minimum to at least make even is $57.28 and sell for $7.16 a piece.

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Answer:

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75/50 = 1.5

1.5/300 = 0.005

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1 year ago
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