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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 principal of $2000 is placed in a savings account at 3% per annum compounded annually. How much is in the account after one ye
natita [175]

Answer:

Step-by-step explanation:

After one year

A=p(1+r/n)^nt

=2000(1+0.03/12)^12*1

=2000(1+0.0025)^12

=2000(1.0025)^12

=2000(1.0304)

=$2060.8

After two-years

A=p(1+r/n)^nt

=2060.8(1+0.03/12)^12*2

=2060.8(1+0.0025)^24

=2060.8(1.0025)^24

=2060.8(1.0618)

=$2188.157

After three years

A=p(1+r/n)^nt

=2188.157(1+0.03/12)^12*3

=2188.157(1+0.0025)^36

=2188.157(1.0025)^36

=2188.157(1.0941)

=$2394.063

8 0
2 years ago
A metal disc of 12cm in diameter and 5cm thick is melted down and cast into a cylindrical bar of diameter 5cm .How long is the b
Trava [24]

Answer:

d bar

Step-by-step explanation:

3 0
2 years ago
A kid at the pool goes to jump from the high diving board. He climbs the stairs 3 feet, but he has to wait for the kid in front
beks73 [17]

Answer:

Probably 5 feet

Step-by-step explanation:

Since the diving board is 5 feet then it is 10 feet the it equals 5 feet if you half it

Sorry if wrong and hope this helps

7 0
2 years ago
What is 4log1/2^w(2log1/2^u-3log1/2^v written as a single logarithm?
IrinaK [193]
Given:

4log1/2^w (2log1/2^u-3log1/2^v)

Req'd:

Single logarithm = ?

Sol'n:

First remove the parenthesis,

4 log 1/2 (w) + 2 log 1/2 (u) - 3 log 1/2 (v)

Simplify each term,

Simplify the 4 log 1/2 (w) by moving the constant 4 inside the logarithm;
Simplify the 2 log 1/2 (u) by moving the constant 2 inside the logarithm;
Simplify the -3 log 1/2 (v) by moving the constant -3 inside the logarithm:

 log 1/2 (w^4)  + 2 log 1/2 (u) - 3 log 1/2 (v) 
log 1/2 (w^4) + log 1/2 (u^2) - log 1/2 (v^3)

We have to use the product property of logarithms which is log of b (x) + log of b (y) = log of b (xy):

Thus,

Log of 1/2 (w^4 u^2) - log of 1/2 (v^3) 

then use the quotient property of logarithms which is log of b (x)  - log of b (y) = log of b (x/y)

Therefore, 

log of 1/2 (w^4 u^2 / v^3)

and for the final step and answer, reorder or rearrange w^4 and u^2:

log of 1/2 (u^2 w^4 / v^3)  
8 0
2 years ago
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Answer:

one day 2 babies were born in 1 hour home babie was 0.28LBS less heavier that the baby that was 13.44LBS whats the difference between the babies?

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
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