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2 years ago

What are two reasons someone might purposely choose a HIGHER monthly payment?

Mathematics

2 answers:

zubka84 [21]2 years ago

8 0

Answer:

To pay back the loan in a shorter period and to pay less interest.

Step-by-step explanation:

The monthly payment refers to the amount someone has to pay every month for a loan until it is paid back in full. A person might purposely choose a higher monthly payment because this will alow him/her to pay the loan in a shorter period as he/she wil be putting more money towards the principal. Also, the person will pay less interest because that is the amount the lender charges for the money that was borrowed and if someone pays more money towards the principal, he/she will owe less interest because the balance is lower.

Allisa [31]2 years ago

4 0

To earn extra money a month

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2 years ago

Which is a y-intercept of the continuous function in the table? (0, –6) (–2, 0) (–6, 0) (0, –2)

photoshop1234 [79]

Y- intercept is a point where any graph crosses the y- axis.

X- intercept is a point where any graph crosses the x- axis.

This means the coordinate of the point of intersection will always have the x point as 0. So any point of the form ( 0, y) is the y- intercept. Any point of the form (x,0) is the x- intercept.

Given point are :

(0,-6) : y intercept

(-2,0) : x intercept

(-6,0): x- intercept

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2 years ago

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Suppose a triangle has sides a, b, and c, and that a2 + b2 < c2. Let be the measure of the angle opposite the side of length

Sav [38]

Answer:

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Step-by-step explanation:

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1 year ago

Every day, Jorge buys a lottery ticket. Each ticket has a probability of of winning a prize. After six days, what is the probabi

Romashka [77]

The question is incomplete! Complete question along with answer and step by step explanation is provided below.

Question:

Every day, Jorge buys a lottery ticket. Each ticket has a 0.16 probability of winning a prize. After six days, what is the probability that Jorge has won at least one prize? Round your answer to four decimal places.

Answer:

The probability that Jorge has won at least one prize after six days is

P(at least 1 win) = 0.6487

Step-by-step explanation:

Every day, Jorge buys a lottery ticket which has a 0.16 chance of winning a prize.

We want to find out the probability that Jorge has won at least one prize after six days.

P(at least 1 win) = 1 - P(not winning for 6 days)

We know that the probability of winning is 0.16 then the probability of not winning is

P(not winning) = 1 - 0.16 = 0.84

For 6 days,

P(not winning for 6 days) = 0.84×0.84×0.84×0.84×0.84×0.84

P(not winning for 6 days) = 0.84⁶

P(not winning for 6 days) = 0.3513

Finally,

P(at least 1 win) = 1 - P(not winning for 6 days)

P(at least 1 win) = 1 - 0.3513

P(at least 1 win) = 0.6487

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2 years ago

Gino has a stick of pepperoni that is 26 1/2 inches long. He wants to cut 1/2 inch pieces to put on his large pizza. How many pi

ikadub [295]

Answer:57 pieces

Step-by-step explanation:

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2 years ago