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zepelin [54]
2 years ago
13

Cory took out a loan at a 13.5% APR, compounded monthly, to buy a car, and he is making monthly payments to pay off the loan. Wh

ich of these interest rates would have allowed Cory to pay off the loan faster?
A. 15.0%, compounded monthly
B. 14.4%, compounded monthly
C. 13.2%, compounded monthly
D. 13.8%, compounded monthly
Mathematics
2 answers:
Irina-Kira [14]2 years ago
8 0
The lowest interest rate is the one that will allow the loan to be paid fastest (for the same payment amount).
  C. 13.2%, compounded monthly
alisha [4.7K]2 years ago
3 0

Answer:

C. 13.2%, compounded monthly

Step-by-step explanation:

REmember that the credit loans that are compounded monthly are loans that charge you every month with interests and are added into the debt that you currently have with your bank or financial institution, so the since they are all compounded monthly the one tha will allow to pay faster the loan will be the one that has lower interests rates, so that owuld be 13,2% compounded monthly so that would be the answer.

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What is 6×9×(-5) equal to?
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2 years ago
1. Kellie and her sister Ashley are training for a marathon. Kellie ran 10 mi in 75 min. Ashley ran 15 mi in 120 min. Which stat
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(a) Kellie’s minutes-per-mile pace was faster than Ashley’s minutes-per-mile pace.

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8 0
2 years ago
Read 2 more answers
On a coordinate plane, square P Q R S is shown. Point P is at (4, 2), point Q is at (8, 5), point R is at (5, 9), and point S is
sergey [27]

Answer:

(D)The midpoint of both diagonals is (4 and one-half, 5 and one-half), the slope of RP is 7, and the slope of SQ is Negative one-sevenths.

Step-by-step explanation:

  • Point P is at (4, 2),
  • Point Q is at (8, 5),
  • Point R is at (5, 9), and
  • Point S is at (1, 6)

Midpoint of SQ =\frac{1}{2}(1+8,5+6)=(4.5,5.5)

Midpoint of PR =\frac{1}{2}(4+5,2+9)=(4.5,5.5)

Now, we have established that the midpoints (point of bisection) are at the same point.

Two lines are perpendicular if the slope of one is the negative reciprocal of the other.

In option D

  • Slope of RP =7
  • Slope of SQ  =-\dfrac17

Therefore, lines RP and SQ are perpendicular.

Option D is the correct option.

6 0
2 years ago
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