10. Jeremy menggunakan 6 keping kadbod

After four years of college, Erica has to start paying off all her student loans. Her first payment is due at the end of this mo

tatiyna

Answer:

Therefore, the approximate monthly payment is $548.85

Step-by-step explanation:

The amount of student loans Erica currently has = $34,006.00

The duration over which Erica is to pay back the loan = 7 years

The annual interest rate for the loan = 9.1%

Therefore, we have the geometric sequence formula is given as follows;

$A_n = P( 1 + r)^n - M \times \left [ \dfrac{(1 + r)^n-1}{r} \right ]$

Where;

M = The monthly payment

P = The initial loan balance = $34,006.00

r = The annual interest rate = 9.1%

n = The number of monthly payment = 7 × 12 = 84

Aₙ = The amount remaining= 0 at the end of the given time for payment

Substituting the values into the above formula, , we get;

$0 = 34006 \times \left ( 1 + \dfrac{0.091}{12} \right )^{84} - M \times \left [ \dfrac{\left (1 + \dfrac{0.091}{12} \right )^{84}-1}{\dfrac{0.091}{12} } \right ]$

$M = \dfrac{34006 \times \left ( 1 + \dfrac{0.091}{12} \right )^{84} }{\left [ \dfrac{\left (1 + \dfrac{0.091}{12} \right )^{84}-1}{\dfrac{0.091}{12} } \right ]} \approx 548.85$

Therefore, the approximate monthly payment = $548.85

6 0

2 years ago

M&M plain candies come in various colors. According to the M&M/Mars Department of Consumer Affairs, the distribution of

UkoKoshka [18]

Since the Σ( of all colors )= 100%, OR 1, then:

a) P(GREEN ∪ BLUEU) = P(G) + P(BL) = 8%+6% = 14% or 0.14

Since we have to choose ONE candy and only ONE candy at random, then tey are mutually exclusive: No. Choosing a green and blue M&M is possible

b) P(YELLOW ∪ RED) = P(Y) + P(R) = 18%+18% = 36% or 0.36
SAME ANSWER AS BEFORE: mutually exclusive

c) P(NOT PURPLE), Let's calculate 1st, the probability of having a PURPLE:
P(PURPLE) = 21% or 0.21
And the Probability of NOT having a PURPLE is 1-0.21 = 0.79

8 0

1 year ago

The diagram represents the factorization of a2+8a+12. A 2-column table with 2 rows. First column is labeled a with entries a squ

Lapatulllka [165]

Answer:

(A)6

Step-by-step explanation:

Given the quadratic expression: $a^2+8a+12$

We factorize:

$a^2+8a+12=a^2+6a+2a+12\\=a(a+6)+2(a+6)\\=(a+2)(a+6)$

Therefore, the missing number that will complete the factorization is 6.

3 0

1 year ago

Read 2 more answers

Niki makes the same payment every two months to pay off his $61,600 loan. The loan has an interest rate of 9.84%, compounded eve

saw5 [17]

The correct answer for this problem is a. $39695. Hope this helps!

7 0

2 years ago

Read 2 more answers

The correlation coefficient for the ages of drivers in a driver safety class and the number of traffic violations they have rece

Doss [256]

A correlation coefficient is always a value in between -1 and 1
The closest a coefficient to -1, the correlation is a strong negative correlation
The closest a coefficient to 1, the correlation is a strong positive correlation
The closest a coefficient to 0, there is no correlation at all

The coefficient -0.61 shows a strong negative correlation
This means that the relationship between the age and the violation is an inverse relationship; as age increases, violation decreases

Answer: option C

7 0

1 year ago