Consider the following loan. Complete parts (a)-(c) below.An individual borrowed $67,000 at an APR of 3%, which will be paid off with monthly payments of 347$ for 22 years.a. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount.The amount borrowed is $____ the annual interest rate is ____, the number of payments per year is _____, the loan term is _____ years, and the payment amount is _____$  b. How many total payments does the loan require? What is the total amount paid over the full term of the loan?There are ____ payments toward the loan and the total amount paid is ____$  c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest?The percentage paid toward the principal is _____% and the percentage paid for interest is ____%.(Round to the nearest tenth as needed.)

Answers

Answer 1
a) The amount borrowed is $67,000 the annual interest rate is 3%, the number of payments per year is 12, the loan term is 22 years, and the payment amount is $347

b) There are 12 payments per year for 22 years; multiply 12 by 22 to get the total number of payments:

[tex]12\times22=264[/tex]

To find the total amount paid, multiply the number of payments by the payment amount:

[tex]264\times347=91,608[/tex]

There are 264 payments toward the loan and the total amount paid is $91,608

c) Toward principal: $67,000

Toward interest: subtract the principal from the payment amount:

[tex]91,608-67,000=24,608[/tex]

Let 91,608 be the 100%, use a rule of three to find the % corresponding to the principal and interest:

[tex]\begin{gathered} Principal: \\ x=\frac{67,000\times100}{91,608}=73.1 \\ \\ Interest: \\ x=\frac{24,608\times100}{91,608}=26.9 \end{gathered}[/tex]The percentage paid toward the principal is 73.1% and the percentage paid for interest is 26.9%

Related Questions

Slove this equation 19=n+22

Answers

Step-by-step explanation:

I think it helps you

please mark me as brainlist

Answer:

greyehahhsh[tex]5.5723[/tex]

For Hox)=2x– 9 and 96 = ; « +9), find (10 g)(x) and (gof)(x). Then determine whether (f = 9/8)= (4 * H(X).What is (fog)x)?(10 g)x)=0

Answers

Given the functions;

[tex]\begin{gathered} f(x)=2x-9 \\ g(x)=\frac{1}{2}(x+9) \end{gathered}[/tex]

We want to find the composite functions;

[tex]undefined[/tex]

[tex] f(x) = 3x^{2} - 2x + 3[/tex]if (-3,n) is an element of the function what is the value of n?

Answers

SOLUTION

[tex]\begin{gathered} f(x)=3x^2\text{ - 2x + 3 } \\ \text{Here, (-3, n) can be written as (x, y), where x = -3 and y = n} \\ \text{Also y is also = f(x). } \\ \text{That is y = }3x^2\text{ - 2x + 3 } \end{gathered}[/tex]

Now putting x = -3 into f(x) or y, we have that

[tex]\begin{gathered} y=3(-3)^2\text{ -2(-3) + 3} \\ y\text{ = 3(9) + 6 + 3} \\ y\text{ = 27 + 6 + 3} \\ y\text{ = 36. } \\ \text{Since y = n, therefore, n = 36. } \end{gathered}[/tex]

The value of n is 36

32. Challenging. Read this one very carefully. Carla runs a small business where she makes artificial flower arrangements. A customer has placed a large order for 100 identical arrangements. Carla has made a list of supplies that she needs to make the entire order. Each arrangement needs a plastic molding. It will cost Carla $3.25 for each plastic molding. She also needs 4 packages of colored netting, which sell for $15.00 each. However, the company she orders from has a special on the netting packages. If you buy 3 packages of netting, you get a package for free. Polyester fabric is another item she will need. She needs 180 square feet of polyester fabric that sells for $5.20 per square yard. Lastly she needs artificial stems. She will need 6 stems per arrangement and they are sold in packs of 10. The cost for one pack of artificial stems is $2.50. if Carla sells each arrangement for $20.00,How much money will Carla make off the order once she subtracts her expenses for the supplies.

Answers

Substract expenses

Carlas expenses are

1. 100 Arrangements

2. Plastic molding PM = 3.25

3. Colored netting CN = 15

4. Four packages netting = 3 packages

5. 180 feet2 ,. 1 yard2=5.20

6. 10 stems = 2.5x10 = $25

7. Arrangement price AP = 20.00

Then substract

20 minus 3.25 = 16.75

16.75 x100= $1675

4. 4 packages nettingx 15 = $60 - $15 = $45

5. Now

In 180 feet2 ,there are 60 yards2

then polyester price is 60x5.2= $312

6. She needs 100x6= 600 stems

600/10 = 60 packs

60 packs x 2.50= $150

Then answer is

Carla's money = 1675 - 45 - 312 - 150 = $1168 dollars

BUSINESS MATH calculate the state income tax owed on a 50,000 per year salary

Answers

Hello there. To solve this question, we have to remember some properties about income and taxes.

The following table shows the progressive tax rate for calculating individual income tax:

We want to calculate the state income tax owed on a $50,000 per year salary.

For this, notice this value is contained in the interval 17,001 and up, hence the progressive tax rate for this value is 5.75%.

In this case, the tax is simply given by the product between the value and the rate:

Don't forget to divide the percentage value by 100% before multiplying.

[tex]50000\cdot\dfrac{5.75}{100}=\$2,875[/tex]

This is the state income tax owed by one whose salary is $50,000 per year.

Bc your phone has to do so so many people don’t need make it to you so no matter how

Segment RS is translated by (x+1, y-2) and then reflected over the x-axis. The resulting segment R" S" has coordinates R" (7,3) and
S" (2,7). What are the coordinates of the segment RS?

can someone pls help meee

Answers

The coordinates of segment RS are obtained as R(6, -1) and S(1, -5) for the given translation.

What is termed as the reflection over the axis?The line of reflection is the point at which the image satisfy the axis of reflection. There are two kinds of reflections: x-axis reflections and y-axis reflections. Vertical reflections are reflections that cross the x-axis. Horizontal reflections are reflections that cross the y-axis.

For the given question;

Segment RS is translated by (x+1, y-2).

Then, the image formed is again reflected over the x-axis to form R" S" has coordinates R" (7,3) and S" (2,7).

To find the measure of R and S, first find the x -axis reflection of R" S".

R" (7,3) = R'(7, -3)and S" (2,7) = S'(2, -7)

As,  RS was translated by (x+1, y-2).

Then, subtract 1 and add 2 to its coordinates.

R'(7, -3) = R (7 - 1, -3 + 2) = R(6, -1)S'(2, -7) = S(2- 1, -7 + 2 ) = S(1, -5)

Thus, the coordinates of segment RS are obtained as R(6, -1) and S(1, -5).

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ave read 14 pages in 28 minutes how much pages can she read for 50 minutes​

Answers

Answer:

Step-by-step explanation:

14x2=28

50 divided by 2 = 25 pages

14pages=28mins

page=2mins

so

pages =50/2

=25

Use the graph to answer the question.Find the interval(s) over which the function is decreasing.A. (-infinity,-2)U(5,infinity)B. (-infinity,-2)U(-2,1)U(5,infinity)C.infinity,-2)U(-2,-1)U(-1,1)U(5,infinity )D. (1,5)

Answers

Okay, here we have this:

Considering the provided graph, and that a function is decreasing when as x increases, "y" decreases, we obtain the following:

The intervals over which the function is decreasing are:

(infinity,-2)U(-2,-1)U(-1,1)U(5,infinity )

Finally we obtain that the correct answer is the option C.

S = 2^0 + 2^1 + 2^2 + 2^3 + ...... 2^99a) Show that S can be divided by 15b) Show that S has at least 30 digits

Answers

Answer:

Explanation:

Here, we want to show that the sum is divided by 15

From what we have, the given sum is a geometric sequence

The first term is 1

Now, the pattern of ending afterwards will be 2, 4, 6 and 8

This ending keeps repeating itself

This 2,4,6,8 pattern could repeat itself 24 times

So we have a total of 1 + 24(4) = 97 terms

To make it 100, we have the last three terms as 2,4 and 8

So we have the ending number ONLY sum as follows:

1 + 24(2+4+6+8) + 2 + 4 + 8 = 1 + 480 + 14 = 495

We can divide this by 15 and that gives 495/15 = 33

That shows that the sum is divisible by 15

Secondly, we want to show that S has at least 30 digits

We can infer this from the last terms

We can write 2^99 as 2^33 * 2^33 * 2^33

A single 2^33 has a value of 8,589,934,592

That means 10 digits

The other two has 10 digits too

The sum of all possible digits in the largest term is 10 + 10 + 10 = 30

That makes a total of 30

The question states 30 or more

Hence, this is correct

The table represents the amount of money in a bank account each month. Month Balance ($) 1 2,215.25 2 2,089.75 3 1,964.25 4 1,838.75 5 1,713.25 What type of function represents the bank account as a function of time? Justify your answer.

Answers

The type of function that represents the bank account as a function of time is a linear function

How to determine the type of function?

The table of values is given as

Month Balance ($)

1           2,215.25

2          2,089.75

3           1,964.25

4            1,838.75

5            1,713.25

From the above table of values, we can see that;

The balance in the bank account reduces each month by $125.5

This difference is calculated by subtracting the current balance from the previous balance

So, we have

Difference = 1,838.75 - 1713.25 =125.5

Difference = 1,964.25 - 1,838.75 =125.5

Difference = 2,089.75 - 1,964.25 =125.5

Difference = 2,215.25  - 2,089.75 =125.5

Functions that have a common difference are linear functions

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Answer:

It's not D I can tell you that but ig just go with the other guy's answer

Step-by-step explanation:

I’m doing this timed assignment and I have no idea how to do it..help

Answers

Step 1

State the MACRS formula

[tex]Original\text{ value\lparen applicable MACRS \% rate\rparen}[/tex]

Step 2

The original value=$20000

The depreciation for the first years is shown thus

helpppppppppppppppppppppppppppppp

Answers

Answer:

[tex]f^{-1}[/tex](x) = x/2 - 3/2

Step-by-step explanation:

Swap x and y and solve for y.

Original equation:

y = 2x + 3

Swapped equation:

x = 2y + 3

Now, solve for y:

x -3 = 2y

y = (x-3)/2

If it's wrong, it might just be the way you format your answer, since Pearson (what I assume you're using) is specific about that.

Maybe, [tex]f^{-1}[/tex](x) = x/2 - 3/2 or [tex]f^{-1}[/tex](x) = (x-3)/2

15. (09.03) Jim picked a card from a standard deck. What is the probability that Ilm picked a heart or an ace? (1 point) OI 52 O 2 52 O 16 52 O 17 52

Answers

The probability of picking a heart or an ace is 17/52

Here, we want to get the probability

The number of cards in a standard deck is 52 cards

Now, we need to know the number of hearts and the number of ace

There are 13 hearts, and 4 aces

The probability of picking a heart is;

[tex]\frac{13}{52}[/tex]

The probability of picking an ace is;

[tex]\frac{4}{52}[/tex]

The probability of picking an ace or a heart is the sum of both which is;

[tex]\frac{4}{52}+\frac{13}{52}\text{ = }\frac{17}{52}[/tex]

Find the coordinates P (-9, 10.5) after translating it 3 units left and 11 units up.

Answers

ANSWER

P'(-12, 21.5)

EXPLANATION

We are given the cordinates of P as:

P(-9, 10.5)

Cordinate points are given as A(x, y)

We want to translate it 3 units left and 11 units up.

That means that we are moving it 3 units towards the negative side of the x axis and 11 units towards the positive side of the y axis.

Therefore, we will subtract 3 from the x cordinate and add 11 to the y cordinate.

Therefore, the translation is:

P(-9, 10.5) => P'(-9 - 3, 10.5 + 11)

=> P'(-12, 21.5)

The cordinates of P have been translated.

Find the solutions of the given system of equations: x2 + y2 = 68 and y = 4x.

Answers

Given the system of equations:

[tex]\begin{gathered} x^2+y^2=68 \\ y=4x \end{gathered}[/tex]

We can solve it by substituting the second equation into the first as follows:

[tex]\begin{gathered} x^2+(4x)^2=68 \\ \\ Operating: \\ \\ x^2+16x^2=68 \\ 17x^2=68 \end{gathered}[/tex]

Dividing by 17:

[tex]x^2=\frac{68}{17}=4[/tex]

Applying square root on both sides:

[tex]\begin{gathered} x=\pm\sqrt{4} \\ x=\pm2 \end{gathered}[/tex]

There are two solutions for x and they produce two solutions for y.

For x = 2

y = 4*2 = 8

For x = -2

y = 4*(-2) = -8

Thus, the solutions are:

(2,8) and (-2, -8)

In a class of 30 students, 14 take tea and 20 take coffee. How many take both tea
and coffee?

Answers

Answer:

4

Step-by-step explanation:

[tex]20 + 14 = 34[/tex]

[tex]34 - 30 = 4[/tex]

Find the slope of every line that is parallel to the graph of the equation

Answers

The slope should be - 1/2

Please find the coordinates and graph the points on the graph and rotate the image.Please demonstrate the pre image and the rotated image on the graph after finding the coordinates.

Answers

We have that the general rule for a counterclockwise rotation of 270 degrees is given by the following expression:

[tex]R_{270}(x,y)=(y,-x)[/tex]

then, in this case,we have the following:

[tex]\begin{gathered} R_{270}(4,5)=(5,-4)=D^{\prime} \\ R_{270}(6,-2)=(-2,-6)=E^{\prime} \\ R_{270}(1,-2)=(-2,-1)=F^{\prime} \end{gathered}[/tex]

and the graph would look like this:

PLEASE HELP! To prepare for a bike race, Rex rides his bike for 12 miles each day for 3 days. The app he uses only tracks distance in kilometers. If 1 mile = 1.61 kilometers, what is Rex's distance in kilometers? Round the answer to the nearest hundredth. 7.45 kilometers 19.32 kilometers 22.36 kilometers 57.96 kilometers

Answers

Based on the distance that Rex rode every day for three days, Rex's distance in 3 days in kilometers can be found to be 57.96 kilometers.

How to find the distance in miles?

First, find the distance that Rex rode in those three days in miles. This can be found as:

= Number of miles rode per day x Number of days

= 12 x 3

= 36 miles

Then convert this to kilometers.

If one mile is 1.61 kilometers, then 36 miles would be:

= Number of miles x Miles per kilometer

= 36 x 1.61

= 57.96 kilometers

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If Rex rides his bike for 12 miles each day for 3 days. Then distance in kilometers is 57.96.

What is Distance?

The length along a line or line segment between two points on the line or line segment.

Speed=Distance / Time

Distance=Speed × Time.

Given that  Rex rides his bike for 12 miles each day for 3 days

and 1 mile = 1.61 kilometre.

Let us convert 12 miles to kilometres

12×1.61=19.32 km

Now let us calculate the Distance as the speed is 19.32km and time is 3 days.

By the formula to get distance we have to multiply speed and time.

Distance=19.32×3

=57.96

Hence Rex's distance in kilometers is 57.96.

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Find the critical value z a/2 that corresponds to the confidence level 96%

Answers

To find the Z a/2 for the 96% confidence. We write the confidence level in decimal form, in this case 0.96.

Now:

[tex]\alpha=1-0.96=0.04[/tex]

and then:

[tex]\frac{\alpha}{2}=0.02[/tex]

Now we subtract this value to 0.5 to know the value we need to find in the Z table:

[tex]0.5-0.02=0.48[/tex]

Now we look at the Z table for this value, by finding we notice that this happens when Z=2.05.

Therefore the Z a/2 value is 2.05

Business Mathematics question ​

Answers

Number system depends on two basic concepts are Binary and Decimal.

Given the statement is :
Number System depends on two basic concept.

Let's know the definition of number system:

What is Number System?

A number system is defined as a system of writing to express numbers. It is the mathematical notation for representing numbers of a given set by using digits or other symbols in a consistent manner. It provides a unique representation of every number and represents the arithmetic and algebraic structure of the figures. It also allows us to operate arithmetic operations like addition, subtraction, multiplication and division.

Hence, Number system depends on two basic concepts are Binary and Decimal.

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alex was late on his property tax payment to the county. he owed $6,915 and paid the tax 9 months late. the county charges a penalty of 5% simple interest. find the amount of the penalty. (round to the nearest cent as needed)

Answers

We have to use the simple interest formula.

[tex]A=P(1+rt)[/tex]

Replacing the given information, we have.

[tex]\begin{gathered} A=6,915(1+0.05\cdot\frac{9}{12}) \\ A=6,915(1.0375) \\ A=7,174.31 \end{gathered}[/tex]The final amount is $7,174.31, where the penalty is $259.31.

the product of 12 and 3 decreased by 6

Answers

the product of 12 and 3 decreased by 6​

we have that

the product of 12 and 3 ------> is number 12 multiplied by 3

12*3

decreased by 6​

12*3-6=36-6=30

the answer is 30

helppppppppppp!!!!!!!!!!! pleaseeee

Answers

Answer:

Domain: [3, ∞)

Range: [1, ∞)

Step-by-step explanation:

The domain represents the x-axis

The point starts at 3 and points to what can assume to be infinity

Since the dot is close it is included.

In interval notation:

[3, ∞)

The range represents the y-axis

The point starts at 1 and goes to infinity

The dot is included so we use a bracket

Interval notation

[1, ∞)

I hope this helps!

Wayne is hanging a string of lights 89 feet long around the three sides of his rectangular patio, which is adjacent to his house. The length of his patio, the side along the house, is 5 feet longer than twice its width. Find the length and width of the patio.

Answers

SOLUTION:

Case: Rectangles

Method:

The sum is:

w + w + 2w + 5 = 89

4w + 5 = 89

4w = 89 - 5

4w = 84

w = 84/ 4

w= 21 feet

The length, l

l = 2w + 5

l = 2( 21) + 5

l = 42 + 5

l = 47 feet

Final answer:

length of the patio, l = 47 feet

width of the patio, w= 21 feet

PLEASE HELP ME!! a shoe company is going to close one of its two stores and combine all the inventory from both stores these polynomials represented the inventory in each store. which expression represents the combined inventory of the two stories?

Answers

Add the two expressions together;

[tex]\begin{gathered} (\frac{1}{2}g^2+\frac{7}{2})+(3g^2-\frac{4}{5}g+\frac{1}{4}) \\ =\frac{1}{2}g^2+3g^2-\frac{4}{5}g+\frac{7}{2}+\frac{1}{4} \\ =3\frac{1}{2}g^2-\frac{4}{5}g+(\frac{14+1}{4}) \\ =\frac{7}{2}g^2-\frac{4}{5}g+\frac{15}{4} \end{gathered}[/tex]

The first option is the correct answer

Real estate prices in a Denver neighborhood areNormally distributed with a mean price of $187,500 and astandard deviation of $12,500.ALDenver Neighborhood Real Estate Pricing

Answers

[tex]\begin{gathered} \text{Given} \\ \mu=187500 \\ \sigma=12500 \\ x_1=150000 \\ x_2=225000 \end{gathered}[/tex]

First, find the z-score of the two values $150,000 and $225,000

[tex]\begin{gathered} \text{z-score for }x_1 \\ z=\frac{x-\mu}{\sigma} \\ z=\frac{150000-187500}{12500} \\ z=\frac{-37500}{12500} \\ z_1=-3 \\ \; \\ \text{z-score for }x_2 \\ z=\frac{x-\mu}{\sigma} \\ z=\frac{225000-187500}{12500} \\ z=\frac{37500}{12500} \\ z_2=3 \end{gathered}[/tex]

Since the z-scores are both 3 standard deviations away from the mean, by Emperical rule, we conclude that about 99.7% of the homes will be priced between $150,000 and $225,000.

A 12 -inch ruler is closest in length to which one of the following Metric units of measure? 0.030 Kilometers30,000 millimeters30 centimeters30 meters

Answers

Inch is one of the units of measuring length.

Converting from inch to meters,

[tex]1inch=0.0254m[/tex]

A 12-inch ruler converted to meters will be;

[tex]12\times0.0254=0.3048m[/tex]

Converting the meter equivalent of the ruler into the sub-units of meters measurement,

[tex]\begin{gathered} 0.3048m \\ To\text{ kilometer} \\ 1000m=1\operatorname{km} \\ 0.3048m=\frac{0.3048}{1000}=0.0003048\operatorname{km} \\ \\ To\text{ millimeter} \\ 1m=1000\operatorname{mm} \\ 0.3048m=0.3048\times1000=304.8\operatorname{mm} \\ \\ \\ To\text{ centimeters} \\ \text{1m =100cm} \\ 0.3048m\text{ =0.3048}\times100=30.48\operatorname{cm} \\ \\ \\ To\text{ meters } \\ 12\text{ inch = 0.3048m} \end{gathered}[/tex]

From the conversions of metric units of length above, the 12-inch ruler measures 30.48cm which is closest to 30cm

Therefore, the ruler is closest to 30 centimeters

ratios 1 to 32 spoonful of 32 sprinkles

Answers

If for each sundae the shop uses 4 spoonfuls of sprinkles, if we want to know how many sundaes the shop did with 32 spoonfuls we must divide 32 by 4, if we do it we get

[tex]32\div4=8[/tex]

Therefore, the shop did 8 sundaes! we can count it to make sure:

4 spoonfuls - 1 sundae

8 spoonfuls - 2 sundaes

12 spoonfuls - 3 sundaes

16 spoonfuls - 4 sundaes

20 spoonfuls - 5 sundaes

24 spoonfuls - 6 sundaes

28 spoonfuls - 7 sundaes

32 spoonfuls - 8 sundaes

Solve 39 - 5 = 13 for q.q=

Answers

We are given the following equation:

[tex]3q-5=13[/tex]

We are asked to solve for "q". To do that, we will first add "5" on both sides, like this:

[tex]\begin{gathered} 3q-5+5=13+5 \\ 3q=18 \end{gathered}[/tex]

Now we will divide by 3 on both sides, like this:

[tex]\begin{gathered} \frac{3q}{3}=\frac{18}{3} \\ q=6 \end{gathered}[/tex]

Therefore, the value of q is 6.

ok, remember that the answer will be available in your profile.

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Please can someone help solve the attached: The net of a cone is shown below. What is the surface area of the cone rounded to the nearest tenth of a square inch? Use = 3.14.A. 125.6 inB. 1,256.6 inC. 175.8 inD. 251.3 in Roberts Company has the following sales budget for the first four months and the year:January February March AprilBudgeted units to sell200400800950Total - 2,350Sales price per unit$25$25$25$25Total-$25Total sales$5,000$10,000$20,000$23,750Total - $58,750What is the new amount of budgeted total sales for March if the budgeted number of units is expected to be 1,100 units instead of 800 units?A. $27,500B. $10,000C. $47,500D. $66,250 the installed transformer has burned out. it is found that the replacement transformer needs a higher va rating. how can you obtain a higher va rating? which environmental influence on consumer behavior refers to the division of society into people sharing similar lifestyles, values, norms, interests and behaviors? Find the perimeter of the isosceles triangle in simplest form. x2 + 20 units 2x units Ishaan started a toy car collection. His grandfather gave him 15 cars to start his collection. He can use his allowance to add 4 cars to his collection every month. Which equation can be used to find y, the total cars in his collection after x months? A teacher kept track of what students consumed at a school picnic. For three grades, the ratios of the amount of water consumed to the amount of fruit juice consumed were equivalent. Complete the table. Which cells, prokaryotes, and eukaryotes, have a cell membrane, and which do not? 9y = -2x is this true or false motionally charged judgments that arise through quick, nonconscious, and holistic associations are known as multiple choice stereotypes. intuition. consensus. learning. Consiter this prism Enter the volume of the rectangular prism, in cubic centimeters. Which number line represents the solutions to |-2x| = 4? you guess there are 80 marbles in a jar but there are actually 50. what is the percent of error how do i evaluate 8!4!/7!2! 2.65 moles of an ideal gas at 36.9oC and 40,205Pa occupy 54.7mL. Additional gas is added to this container such that the temperature and pressure change to 113.7oC and 131,874Pa, with the volume remaining the same. How many moles of this gas were added? which of the following are outcomes associated with various types of organizational culture? multiple select question. stronger quality and innovation in hierarchy cultures higher financial performance in market and hierarchy cultures higher customer satisfaction in clan and market cultures higher market share in adhocracy cultures more positive organizational outcomes in market cultures higher market share in clan and market cultures Add the complex numbers 3 + 11i and -3 - 11i.6 + 0i0 + 0i0 + 22i- 9 + 121i Simplify. -(-6w + x - 3y) selena, a surgeon, purchases a disability policy with a base benefit of $5,000 per month and an sis offset benefit of $1,500. selena is now disabled and receives a $1,000 in social security disability benefits. how much will selena receive from the insurance company initially