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stepladder [879]
2 years ago
10

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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X^2(x+4) + 5(x + 4)

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Step-by-step explanation:

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How does 0.008 compare to 0.08
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2 years ago
Benito and Tyler are painting opposite sides of the same fence. Tyler has already painted 19 ½ feet of his side of the fence whe
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Answer:

Part A: The time it will take for both of them to painted equal number of feet is 4.875 minutes

The number of feet Benito will have painted when the two sides have equal length is 73.125 feet

Part B: It is not true that Tyler will finish painting his side of the fence before Benito finishes painting his

Part C: Time to rest is 1.864 minutes

Step-by-step explanation:

The given information are;

The length of fence Tyler already painted when Benito started = 19 ¹/₂ feet

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Tyler paints 11 feet/minute

Length of fence = 150 feet

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The time it will take for both of them to painted equal number of feet is given as follows;

11×t + 19.5 = 15×t

4×t = 19.5

t = 19.5/4= 4.875 minutes

The time it will take for both of them to painted equal number of feet = 4.875 minutes

The length Benito will have painted when the two sides have equal length = 15 × 4.875 = 73.125 feet

Part B: The time it will take Tyler to finish painting his side of the fence is given as follows;

11 × t + 19.5 = 150

t = (150 - 19.5)/11 ≈ 11.864 minutes

While the time it will take Benito to finish painting his side of the fence is given as follows;

15 × t  = 150

t = 150/15 ≈ 10 minutes

Therefore it is not true that Tyler will finish painting his side of the fence before Benito finishes painting his

Part C: Given that Benito finishes before Tyler, the length of time Benito gets to rest is given as follows;

Time to rest = Time Tyler takes to finish - Time Benito takes to finish

Time to rest = 11.864 - 10 = 1.864 minutes.

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2 years ago
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