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
amid [387]
2 years ago
13

Bob Rohrman is offering a 2016 Toyota Camry for $29,000. If you have a $5,000 down payment and are able to borrow the rest at a

2.99% APR on a 48 month loan, how much will your payments be?
Mathematics
1 answer:
vova2212 [387]2 years ago
4 0

Answer:

The monthly payment will be $531.12

Step-by-step explanation:

Consider the provided information.

After paying $5,000 down payment you need to pay:

$29,000-$5,000=$24,000

APR is 2.99% or APR = 0.299%

Therefore, r=\frac{0.0299}{12}

n = 48

We can calculate the monthly payment by using the formula:

P=\frac{r(PV)}{1-(1+r)^{-n}}

Where P is the monthly payment, PV is the present value, r is the rate per period and n is the number of period.

Substitute the respective values in the above formula we get,

P=\frac{\frac{0.0299}{12}(24000)}{1-(1+\frac{0.0299}{12})^{-48}}

P=\frac{59.8}{0.112593}

P\approx531.12

Hence, the monthly payment will be $531.12

You might be interested in
Crop researchers plant 15 plots with a new variety of corn. The yields in bushels per acre are: 138.0 139.1 113.0 132.5 140.7 10
son4ous [18]
There is a relationship between confidence interval and standard deviation:
\theta=\overline{x} \pm \frac{z\sigma}{\sqrt{n}}
Where \overline{x} is the mean, \sigma is standard deviation, and n is number of data points.
Every confidence interval has associated z value. This can be found online.
We need to find the standard deviation first: 
\sigma=\sqrt{\frac{\sum(x-\overline{x})^2}{n}
When we do all the calculations we find that:
\overline{x}=123.8\\ \sigma=11.84
Now we can find confidence intervals:
($90\%,z=1.645): \theta=123.8 \pm \frac{1.645\cdot 11.84}{\sqrt{15}}=123.8 \pm5.0\\($95\%,z=1.960): \theta=123.8 \pm \frac{1.960\cdot 11.84}{\sqrt{15}}=123.8 \pm 5.99\\ ($99\%,z=2.576): \theta=123.8 \pm \frac{2.576\cdot 11.84}{\sqrt{15}}=123.8 \pm 7.87\\
We can see that as confidence interval increases so does the error margin. Z values accociated with each confidence intreval also get bigger as confidence interval increases.
Here is the link to the spreadsheet with standard deviation calculation:
https://docs.google.com/spreadsheets/d/1pnsJIrM_lmQKAGRJvduiHzjg9mYvLgpsCqCoGYvR5Us/edit?usp=sharing
6 0
2 years ago
circle o is inscribed in triangle rst such that it is tangent at points m,n, and p. if rp is 7, rt is 17 and sm is 5, then what
zloy xaker [14]

Answer:

The length of side st is 15.

Step-by-step explanation:

A tangent is a straigth line that touches a circle externally at a point on the circumference. Considering one of its properties that tangents from the same point to a fixed point outside a circle are equal.

Then,

     /rn/ = /rp/

    /tm/ = /tn/

   /sm/ = /sp/

But, /rp/ = 7, /rt/ = 17 and /sm/ = 5.

Then,

 /rt/ = /rn/ + /tn/

17 = 7 + /tn/ (∵ /rp/ = /rn/ = 7)

⇒ /tn/ = 10

Since /nt/ = 10, then /tm/ = 10 (/tm/ = /nt/)

So that,

 /st/ = /sm/ + /tm/

     = 5 +10

 /st/ = 15

The length of side st is 15.

7 0
2 years ago
Aramis is adjusting a satellite because he finds it is not focusing the incoming radio waves perfectly. The shape of his satelli
Alika [10]

Given the equation of the parabola

(x-4)^2=3(y-3).

The vertex of this parabola is placed at point (4,3).

If the equation of the parabola is (x-x_0)^2=2p(y-y_0), then

2p=3,\\ \\p=1.5.

The coordinates of the parabola focus are

\left(x_0,y_0+\dfrac{p}{2}\right).

Therefore, the focus is placed at point (4,3,75).

Answer: option D, 0.75 in. above the vertex

3 0
2 years ago
Read 2 more answers
Adam sells medical magazine and books. the table shows price for both Magazine £8
kumpel [21]

Adam earned a total of £265.10 last week.

Step-by-step explanation:

Step 1; Adam earns a basic pay of £200 each week. He earns 10% of the magazine price for each sold  and 15% of the book price for each sold. Each magazine costs £8 and each book costs £15. He sells 42 magazines and 14 books.

Money earned for selling a magazine = 10% × £8 = 0.10 × £8 = £0.80,

Money earned for selling a book = 15% × £15 = 0.15 × £15 = £2.25,

Money earned for selling 42 magazines = 42 × £0.80 = £33.60,

Money earned for selling 14 books = 14 × £2.25 = £31.50,

Money earned for selling 42 magazines and 14 books = £33.60 + £31.50 =  £65.10.

Step 2; Now we have to calculate his last week's salary which is his weekly pay and his earnings from selling magazines and books. We found that he earned £31.50 from selling books and magazines. His weekly salary is £200.

Last week's salary =  £200 +  £65.10 = £265.10.

5 0
1 year ago
Read 2 more answers
There is only one granola bar left out of a pan of 10 bars. if Will and Rachel decide to split the last granola bar what fractio
lesantik [10]
1/20. I believe. One granola bar out of ten is 1/10 and half of a granola bar (or half of 1/10) is 1/20.
6 0
1 year ago
Other questions:
  • Simplify.<br><br> (8 + 14m) + m
    6·2 answers
  • Jennifer wants to net $35,000 on her house. Her closing costs will be 7,500 plus a 7% commission. She owes $185,000 on her loan.
    5·2 answers
  • Which proportion could be used to find the length of side b?
    15·1 answer
  • Roy wants to make a path from one corner of his yard to the other as shown below. The path will be 4 feet wide. He wants to find
    14·1 answer
  • Larry has 7 more dimes than nickels, for a total value of $1.45. If n represents the number of nickels, which
    12·1 answer
  • Seven balls are randomly withdrawn from an urn that contains 12 red, 16 blue, and 18 green balls. Find the probability that (a)
    7·1 answer
  • The width of a rectangle is the length minus 2 units. The area of the rectangle is 35 units. What is the width, in units, of the
    7·1 answer
  • Charles uses a graphing calculator to find a quadratic regression model f for a given set of data. When he compares model f to a
    9·1 answer
  • As of 2015, there were over 75,000 elevators in New York City. The frequency table summarizes data on the number of elevators of
    10·1 answer
  • F = 4GD – m^3D <br><br> solve the equation for D. <br><br> can someone please solve ASAP.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!