answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fenix001 [56]
2 years ago
11

You borrowed $12,000 for 6 years at an interest rate of 1.25%. What is the maturity value of the loan?​

Mathematics
1 answer:
Schach [20]2 years ago
5 0

Answer:

The "total loan cost" formula is what you'll need (and it is attached).

Interest =1.25 / 1,200 =  0.0010416667

and "n" is number of months (6 years = 72 months)

Total Loan Cost = (r*p*n) / 1 -((1 + r)^-n)

Total Loan Cost = (0.0010416667  * 12,000 * 72) / 1 -((1.0010416667)^-72)

Total Loan Cost = 900 / 1 -0.9277797019

Total Loan Cost = 900 / 0.0722202981  

Total Loan Cost = 12,461.87

Step-by-step explanation:

You might be interested in
Consider the function represented by the equation y-6x-9=0. Which answer shows the equation written in function notation with x
Marta_Voda [28]

Answer:

A. f(x) = 6x + 9

Step-by-step explanation:

The given equation is:

y - 6x - 9 = 0

We have to write this equation in function notation with x as the independent variable. This means that y will be replaced by f(x) and all other terms will be carried to the other side of the equation to get the desired function notation.

y - 6x - 9 = 0

y = 6x + 9

f(x) = 6x + 9

Therefore, option A gives the correct answer.

5 0
2 years ago
Read 2 more answers
High school students across the nation compete in a financial capability challenge each year by taking a National Financial Capa
Misha Larkins [42]

Answer:

<u>The correct answer is that a student have to score 1.41 standard deviations above the mean to be publicly recognized.</u>

Step-by-step explanation:

For answering the question, we don't know the score mean of the National Financial Capability Challenge Exam and neither the population or number of students who take the exam. The only information provided is that the public recognition in this normal distribution is only for students that scores in the top 8%. In other words for students above 92% of the population.

With this information, we can go to a Z Score Table and check that for being on the top 8% (above the 92% of any population), your result must be 1.405 standard deviations above the mean.

<u>Rounding the answer to 2 decimal places, it's 1.41 standard deviations above the mean.</u>

7 0
2 years ago
What is the sale price of a phone that was originally $199 but that has been marked down by 15 percent? $159.15 $159.20 $169.10
dsp73

Answer:

169.15 is the correct answer

5 0
2 years ago
Working​ together, it takes two roofers 10 hours to put a new roof on a portable classroom. if the first roofer can do the job b
Vadim26 [7]
Well it sounds like you would have to multiply by 2, which is the amount of roofers, then subtract 12.

10 x 2 = 20

20 - 12 = 8

Hope this helped.
7 0
2 years ago
The table shows the prices for fruit items at a local farmer’s market. Katelyn purchased four pounds of apples, six navel orange
Lady bird [3.3K]
C 35.64 I have done this before
4 0
2 years ago
Read 2 more answers
Other questions:
  • What is a rational number between 6.2 and 6.3
    10·1 answer
  • Patricia is separating 16 soccer cards and 22 baseball cards into groups each group have the same number of cards madk and each
    14·1 answer
  • A new car has a sticker price of $24,750, while the invoice price paid was $21,950. What is the dealer markup?
    12·2 answers
  • Pooja's plant began sprouting 2days before Pooja bought it, and she had it for 98 days until it died. At its tallest, the plant
    10·2 answers
  • The Pacific Ring of Fire is an area where the Pacific Tectonic Plate encounters other tectonic plates. Which types of encounters
    10·1 answer
  • At a gas station, suppose that 45% of the customers purchase premium grade gas. Assume that these customers decide independently
    7·2 answers
  • PLS HELP ILL MARK U BRAINLIEST The graph below shows a company's profit f(x), in dollars, depending on the price of pencils x, i
    9·1 answer
  • On a certain day, the temperature changed at a rate of 3°F per hour. How long did it take for the change in temperature to be -3
    9·1 answer
  • The scores on a statistics test had a mean of 81 and a standard deviation of 9. One student was absent on the test day and his s
    14·1 answer
  • Which two numbers both round to 1,500 when rounded to the nearest hundred?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!