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2 years ago

Using your own words, explain why the APR does not compare loans for different lengths of time.

Mathematics

2 answers:

Sholpan [36]2 years ago

7 0

Answer:

Step-by-step explanation:

This may be your answer Some classes of fees are not included in the calculation of APR. Because these fees are not included,as some consumer advocates claim that the APR does not represent the total cost of borrowing. Excluded fees may include: routine one-time fees which are paid to someone other than the lender and penalties such as late service without regard for the size of the penalty it will be imposed

Leya [2.2K]2 years ago

5 0

This may be your answer
Some classes of fees are not included in the calculation of APR. Because these fees are not included,as some consumer advocates claim that the APR does not represent the total cost of borrowing.
Excluded fees may include: routine one-time fees which are paid to someone other than the lender and penalties such as late service without regard for the size of the penalty it will be imposed

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The product of two consecutive, negative integers is 182. What equation represents the situation?

Sholpan [36]

-13 and -14

They both are consecutive negative integers that multiply to 182.

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2 years ago

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Nathan had an infection, and his doctor wanted him to take penicillin. Because Nathan’s father and paternal grandfather were all

Gwar [14]

There is a 73.5% chance that Nathan is allergic to penicillin and the test predicts it.

75% * 98% = 73.5%

.75 * .98 = .735

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The rabbit population on a small island is observed to be given by the function P(t) = 130t − 0.3t^4 + 1100 where t is the time

Montano1993 [528]

The maximum occurs when the derivative of the function is equal to zero.
$P(t)=-0.3t^{4}+130t+1100 \\ P'(t)=-1.2t^{3}+130 \\ 0=-1.2t^{3}+130 \\ 1.2t^{3}=130 \\ t^{3}= \frac{325}{3} \\ t=4.76702$
Then evaluate the function for that time to find the maximum population.
$P(t)=-0.3t^{4}+130t \\ P(4.76702)=-0.3*4.76702^{4}+130*4.76702+1100 \\ P(4.76702)=1564.79201$
Depending on the teacher, the "correct" answer will either be the exact decimal answer or the greatest integer of that value since you cannot have part of a rabbit.

7 0

2 years ago

You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4000 per mont

Molodets [167]

Answer:

$311.74

Step-by-step explanation:

A financial calculator computes the payment amount to be $311.74.

___

Your graphing calculator may have the capability to do this. Certainly, such calculators are available in spreadsheet programs and on the web.

___

The appropriate formula is the one for the sum of terms of a geometric series.

Sn = a1·((1+r)^n -1)/(r) . . . . . where r is the monthly interest rate (0.005) and n is the number of payments (480). Filling in the given numbers, you have ...

$620827.46 = a1·(1.005^480 -1)/.005 = 1991.4907·a1

Then ...

$620827.46/1991.4907 = a1 ≈ $311.74

7 0

2 years ago

If sin(2x + 7) = cos(4x - 7)º, what is the value of x?

ella [17]

Answer:

x = 15°

Step-by-step explanation:

<u>We are given;</u>

sin(2x + 7) = cos(4x - 7)

We are required to solve for the value of x

We need to know that for complementary angles;

Sin θ = Cos (90-θ) where, θ and 90-θ are complementary angles.

Complementary angles are angles that add to 90°
Therefore;

(2x +7) + (4x - 7) = 90

6x = 90

x = 15°

Therefore, the value of x is 15°

6 0

2 years ago