A new car loan has a term of loan from 2 - 6 years and the interest rate is between 4% and 8%. what is the longest amount of time you could take to pay off the loan? what is the best interest rate you could get?

Answers

Answer 1

a) The longest time a borrower can take to pay off the new car loan of 2 - 6 years is 6 years.

b) Based on the above, the best interest rate the borrower could get is 8%.

How is the interest rate determined?

Many factors are considered in determining the interest rate for a loan.

Some of the factors include:

Loan TermLoan TypeCredit ScoreLoan AmountDown PaymentInterest rate type.

We know that the longer the term of a loan, the higher the interest rate charged.  This higher rate is meant to compensate the lender for the time value of money, made variable by inflation and credit risks.

Thus, if a loan term varies between two and six years, the longest time to pay off the loan is 6 years while the best interest rate the borrower can be granted is 8%.

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Related Questions

4.4) Find the least number by which 768 must be multiplied so as to make it a perfect square​

Answers

Answer:

3

Step-by-step explanation:

768 can be broken down to:

2×2×2×2×2×2×2×2×3

The part made up of twos is already a perfect square. The 3 needs a partner for it to be a perfect square also.

768 × 3 is 2304.

Sqrt2304 is 48.

Multiply 768 by 3 to make it a perfect square.

Solution

Refer To The Given Image

Which expression is equivalent to (ab6)4?

a4b24
ab24
a5b10
ab28

Answers

Answer:

a^4b^24

Step-by-step explanation:

We know, (xy)^n = x^ny^n. So,

(ab^6)^4 = a^4b^(6×4)

= a^4b^24

A student is graduating from college in 12 months but will need a loan in the amount of $10,958 for the last two semester. The student may receive either an unsubsidized Stafford Loan or a PLUS Loan. The terms of each loan are:

Unsubsidized Stafford Loan: annual interest rate of 3.85%, compounded monthly, and a grace period of six months from time of graduation

PLUS loan: annual interest rate of 4.15%, compounded monthly, with a balance of $11,421.51 at the time of repayment

Which loan will have a higher balance, and by how much at the time of repayment?

Answers

Answer:

To determine which loan will have a higher balance at the time of repayment, we need to calculate the balance of each loan after the interest has been compounded over the repayment period.

The unsubsidized Stafford Loan has an annual interest rate of 3.85% and a grace period of six months from the time of graduation. This means that the loan will accrue interest for a total of 12 months - 6 months = 6 months.

The balance of the unsubsidized Stafford Loan at the time of repayment can be calculated using the following formula:

Balance = Principal * (1 + Interest rate / Number of compounding periods per year)^(Number of compounding periods)

Plugging in the given values, we have:

Balance = $10,958 * (1 + 0.0385 / 12)^(6) = $10,958 * (1.003125)^(6) = $11,283.16

The PLUS loan has an annual interest rate of 4.15% and a balance of $11,421.51 at the time of repayment.

The balance of the PLUS loan at the time of repayment can be calculated using the same formula:

Balance = $11,421.51 * (1 + 0.0415 / 12)^(6) = $11,421.51 * (1.003479)^(6) = $11,973.54

Therefore, the PLUS loan will have a higher balance at the time of repayment, by $11,973.54 - $11,283.16 = $690.38.

Step-by-step explanation:

Gemma has 3 rose bushes, each with the same number or roses. She picks 4 of the roses. There are 20 roses left on the rose bushes. How many roses were on each rose bush?

Answers

There were 8 roses on each bushes

How to calculate the number of roses on each bush?

Gemma has 3 rose bushes

Each bush has the same number of roses

She picks 4 of the roses

After picking the roses, there are 20 left in the bushes

Therefore the number of rose on each bush can be calculated as follows

20 + 4

= 24

24/3

= 8

Hence there are 8 roses in each bush

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2x+3y=9. SOLVE FOR X

Answers

The answer is y = -2/3x + 3

Answer:

Step-by-step explanation:

Let's solve for x.

2x+3y=9

Step 1: Add -3y to both sides.

2x+3y+−3y=9+−3y

2x=−3y+9

Step 2: Divide both sides by 2.

2x/ 2 = −3y+9/ 2

x= −3/ 2 y+ 9/ 2

Answer:

x= −3/ 2 y+ 9/ 2

1) Is a t-Distribution Appropriate?
A sample with size n=75 has x¯=18.92, and s=10.1. The dotplot for this sample is given below.
Indicate whether or not it is appropriate to use the t-distribution.
Yes / No
If it is appropriate, give the degrees of freedom for the t-distribution and give the estimated standard error. If it is not appropriate, enter -1 in both of the answer fields below.
Enter the exact answer for the degrees of freedom and round your answer for the standard error to two decimal places.
df=
standard error =
2) Is a t-Distribution Appropriate?
A sample with size n=10 has x¯=508.5, and s=21.5. The dotplot for this sample is given below.
Indicate whether or not it is appropriate to use the t-distribution.
Yes / No

Answers

Answer:

1) Yes

2) No

Step-by-step explanation:

In the first test  t distribution is  appropriate to use because  in the dot plot the  16 data points can be seen other the the data points clustered round the mean.

Here degrees of freedom = n-1= 74

S. E= s/√n

S.E= 10.1/ √74= 1.17

For t - distribution it is assumed that the sample is approximately normal which is  visible in the dot plot in the first test.

In the second case z test should be applied.

Z test is used when the population standard deviation is not known .

In the second test  t distribution is   not appropriate to use because  in the dot plot only 2 data points can be seen other the the data points clustered round the mean.

For t - distribution it is assumed that the sample is approximately normal which is not visible in the dot plot.

Can y’all help me on question 4?!

Answers

Answer:

D

Step-by-step explanation:

Frank is at point G: (-6,-1)

Jimmy is at point B: (4,1)

3)
A SAS
C) SSS
B) AAS
D) ASA

Answers

Answer:

D) ASA

Step-by-step explanation:

Find the distance between the two points.
✓ [?]
(-1,-2)
(3,-1)
Enter the number that
goes beneath the
radical symbol.

Answers

Answer:

d = √17, meaning that the number that goes beneath the radical symbol is 17.

Step-by-step explanation:

Refresh if you are unable to see below.

[tex]\text{Use the distance formula.}\\d=\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}\\\text{Substitute the points.}\\d=\sqrt{(3-(-1))^2+((-1)-(-2))^2}\\\text{Subtract.}\\d=\sqrt{(4)^2+(1)^2}\\\text{Evaluate the powers of 2.}\\d=\sqrt{16+1}\\\text{Add.}\\d=\sqrt{17}[/tex]

What's the equation and solution?​

Answers

Using the Algebraic tile method we get x=2 solution for equation model

What is Algebraic Tile method?

The algebra tile method is a method of solving equations by using visual models, such as tiles with different values on them, to represent the unknowns and constants in the equation. It is often used to help students understand the process of solving equations and to see how the operations of addition and subtraction correspond to the process of combining or separating algebraic expressions.

In the question, we have 3 kinds of tile

X tilesunit positive tilesunit negative tiles

Equation will be :

⇒ 3x - 1 - 1 = 1 + 1 + 1 + 1

⇒ 3x - 2 = 4

⇒ 3x = 6

⇒ x = 2

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A kite is flying 24 ft off the ground. Its line is pulled taut and casts a 7-ft shadow. Find the length of the line. If necessary, round your answer to the nearest tenth.

Answers

The side lengths are;

tan x = e/f

cos x = e/d

sin x = f/d

What is a right angled triangle?

We know that a right angled triangle is the kind of triangle that one of the sides of the triangle would be 90 degrees.

There are some ratios that are associated with the right angled triangle and we call them the trigonometric ratios. These include the sine the cosine and the tangent. All of these ratios does depend on the lengths of the sides of the right angled triangle.

The sides of the right angled triangle are the opposite, the adjacent and the hypotenuse and these can be obtained based on the relative position of the angle.

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Plz help I will give brainiest

Answers

Answer:

50% for all of em

Step-by-step explanation:

Pls help Whats the equation?

Answers

Answer: y = -5x + 6

Step-by-step explanation:

First, we need to find the slope, which would be m in the equation. To find m, we can use the formula called "rise over run". Here's the formula: [tex]m=\frac{y2-y1}{x2-x1}[/tex]

So, to use this formula, you pick two points from the line that you're given and solve for m.

Let's use the points (1,1) and (0,6). x1 would be 1, x2 would be 0, y1 would be 1, y2 would be 6

[tex]m=\frac{y2-y1}{x2-x1}[/tex]

[tex]m=\frac{6-1}{0-1}[/tex]

[tex]m=\frac{5}{-1}[/tex]

[tex]m=-5[/tex]    So, the slope is -5

Then, we need to find the y intercept, which would be b in the formula.

We can see that the point where the line meets the y axis is at (0.6), so the y intercept would be 6.

Now let's put everything together:

y = mx+b

y = -5x + 6

find -2/6 + (5/6) model the expression on the number line

Answers

The final point on the number line will be at 2/3 from 0 point, which represents the value of the expression -2/6 + (5/6).

Modelling  -2/6 + (5/6 on the number line

To correctly model the expression -2/6 + (5/6) on a number line, we can use the following steps:

Start at 0 on the number line.Move to the left by 1/3. This represents the value of -2/6 which is equivalent to -1/3.Move to the right by 5/6. This represents the value of 5/6.The final point on the number line will be 2/3 to the right of the point (-1/3) which we reached in step 2, this represents the sum of -2/6 and 5/6, which is the final result.

So to model the expression -2/6 + (5/6) on a number line, we start at 0 and move 1/3 to the left, to represent -2/6, and then move 5/6 to the right to represent 5/6. The final point on the number line will be at 2/3 from 0 point, which represents the value of the expression -2/6 + (5/6).

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2. Construct Arguments Explain why -7 has a
greater absolute value than the absolute value
of 6.
5.-9
7.1-5
9. --
11.-1

Answers

Answer:

See below

Step-by-step explanation:

Absolute value is the positive distance from 0, so |-7| = 7 because -7 is 7 from 0, whereas 6 is 6 away from 0. Because 7>6, then -7 has a greater absolute value than 6

The data reflects the amount of time spent on homework (x), paired with a corresponding test grade (y).

How can the y-intercept of the line be interpreted?

The minimum time spent on homework is approximately 72 hours.
The average time spent on homework is approximately 7.9 hours.
If no time is spent on homework, the test grade is approximately 72.
If no time is spent on homework, the test grade is approximately 7.9.

Answers

Answer:

If no time is spent on homework, the test grade is approximately 72.

Step-by-step explanation:

The y-intercept of the line can be interpreted if no time is spent on homework, the test grade is approximately 72.

What is the y intercept?

A graph can be described as a pictorial representation of data. A graph is made up of a x-axis and a y-axis.  The y-intercept is the point where the line crosses the y-axis. The y-intercept is the value of the data set when x is zero.

If x is zero, y = 0 + 72

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I have a question for someone out there I'm 10 and need some help what is 1/10+10/100​

Answers

Answer:

0.2

Step-by-step explanation:

1/10 = 0.1

10/100 = 0.1

0.1+0.1 = 0.2

3/4 of a cup of sugar is needed to make 3 1/3 batches of banana bread.How much is needed to make 1 batch?​

Answers

Answer:9/40

Step-by-step explanation:

3/4=10/3x

3/4*3/10=x

9/40=x

Need help ASAP! See images below

Answers

Answer and Step-by-step explanation:

The kite area formula:

A = [tex]\frac{pq}{2}[/tex]

P = Line RP

Q = Line QS

A = [tex]\frac{38 + 16}{2}[/tex] = [tex]\frac{54}{2}[/tex] = 27

27 is the answer.

#teamtrees #PAW (Plant And Water)

can someone help me with this PLEASE ITS KILLING ME!!!!

Answers

Volume of triangular prism is 45
Volume of rectangular prism is 112
45+112=157
Answer is 157

Estimate a 15% tip on a dinner bill of $49.35 by first rounding the bill amount to the nearest ten dollars.

Answers

9514 1404 393

Answer:

  $7.50

Step-by-step explanation:

Rounded to the nearest $10, the $49.35 bill becomes $50.

We can find 10% of that amount by moving the decimal point to the left. 10% of $50 is $5.00.

Then 5% of $50 is half of 10%, so is $5/2 = $2.50.

The estimated tip of 15% is the sum of 10% and 5% of the bill, so is ...

  15%($50) = 10%($50) +5%($50) = $5.00 +2.50 = $7.50

The estimated 15% tip is $7.50.

A recipe for 8 pancakes needs the following:
1 1/4 cups of milk
1 1/2 cups of flour
1 egg

Maria has these ingredients.

1 quart of milk
8 cups of flour
12 eggs

How many more cups of milk does Maria need to make 40 pancakes in total?

Answers

Answer:

2.25 cups

Step-by-step explanation:

There are 5 eights in 40.

1.25 × 5 = 6.25

1.5 × 5 = 7.5

1 × 5 = 5

1 quart = 4 cups

6.25 cups - 4 cups = 2.25 cups

I NEED HELP PLS HELP ME ASAP!!! I'LL GIVE YOU 100 POINTS!

Answers

Answer:

189 sq mm

Step-by-step explanation:

area = (21×18)/2 = 189 sq mm

It’s 189. Half of 18 is 9 and 9 x 21 = 189.

100 points Pls help me with the red ones

Answers

Answers:
For 36 people with peanuts = 9 cups
For 4 people with peanuts = 1 cup
For 6 people with peanuts = 1.5 cups
For 4 people with M & MS = 8/12 cups or 0.67 cups
For 6 people with M & MS = 1 cup
For 36 people with raisins = 1.5 cups
For 4 people with raisins = 2/12 cups or 0.17 cups
For 6 people with raisins = 0.25 cups
For 36 people with candy corn = 3.9 cups
For 4 people with candy corn = 0.43 cups
For 6 people with candy corn = 0.65 cups

Step-by-step explanation:
1. Set up a proportion to find how many cups it takes to feed 36 people peanuts given that it takes 3 cups to feed 12 people. This means that the proportion would be 3/12 = x/36. Cross multiply. This would give you 12x = 108. Divide 12 on both sides. Now, the equation is solved since you found out x = 9 cups.

2. Set up a proportion to find how many cups it takes to feed 4 people peanuts given that it takes 3 cups to feed 12 people. This means that the proportion would be 3/12 = x/4. Cross multiply. This would give you 12x = 12. Divide 12 on both sides. Now, the equation is solved since you found out x = 1 cup.

3. Set up a proportion to find how many cups it takes to feed 6 people peanuts given that it takes 3 cups to feed 12 people. This means that the proportion would be 3/12 = x/6. Cross multiply. This would give you 12x = 18. Divide 12 on both sides. Now, the equation is solved since you found out x = 1.5 cups.

4. Set up a proportion to find how many cups it takes to feed 4 people M & Ms given that it takes 2 cups to feed 12 people. This means that the proportion would be 2/12 = x/4. Cross multiply. This would give you 12x = 8. Divide 12 on both sides. Now, the equation is solved since you found out x = 0.67 cups.

5. Set up a proportion to find how many cups it takes to feed 6 people M & Ms given that it takes 2 cups to feed 12 people. This means that the proportion would be 2/12 = x/6. Cross multiply. This would give you 12x = 12. Divide 12 on both sides. Now, the equation is solved since you found out x = 1 cup.

5. Set up a proportion to find how many cups it takes to feed 36 people raisings given that it takes 0.5 cups to feed 12 people. This means that the proportion would be 0.5/12 = x/36. Cross multiply. This would give you 12x = 46.8. Divide 12 on both sides. Now, the equation is solved since you found out x = 3.9 cups.

6. Set up a proportion to find how many cups it takes to feed 4 people raisins given that it takes 0.5 cups to feed 12 people. This means that the proportion would be 0.5/12 = x/4. Cross multiply. This would give you 12x = 2. Divide 12 on both sides. Now, the equation is solved since you found out x = 0.17 cups.

7. Set up a proportion to find how many cups it takes to feed 6 people raisins given that it takes 0.5 cups to feed 12 people. This means that the proportion would be 0.5/12 = x/6. Cross multiply. This would give you 12x = 3. Divide 12 on both sides. Now, the equation is solved since you found out x = 0.25 cups.

8. Set up a proportion to find how many cups it takes to feed 36 people candy corn given that it takes 1 1/3 cups to feed 12 people. Simplify 1 1/3 to 1.3. This means that the proportion would be 1.3/12 = x/36. Cross multiply. This would give you 12x = 46.8. Divide 12 on both sides. Now, the equation is solved since you found out x = 3.9 cups.

9. Set up a proportion to find how many cups it takes to feed 4 people candy corn given that it takes 1 1/3 cups to feed 12 people. Simplify 1 1/3 to 1.3. This means that the proportion would be 1.3/12 = x/4. Cross multiply. This would give you 12x = 5.2. Divide 12 on both sides. Now, the equation is solved since you found out x = 0.43 cups.

10. Set up a proportion to find how many cups it takes to feed 6 people candy corn given that it takes 1 1/3 cups to feed 12 people. Simplify 1 1/3 to 1.3. This means that the proportion would be 1.3/12 = x/6. Cross multiply. This would give you 12x = 7.8. Divide 12 on both sides. Now, the equation is solved since you found out x = 0.65 cups.


please help me!
Please explain it​

Answers

Answer:

1,416 cm²

Step-by-step explanation:

There are various lines dividing this figure into shapes, such as rectangles and triangles; this makes it easier to find the area.

To find the area of a triangle, multiply the base and the height, then multiply the product by 1/2.To find the area of a rectangle, multiply the width by the length.

First, find the area of the triangles.

In this figure, there are two triangles with heights of 12 and bases of 18.

[tex]12 * 18 = 216[/tex]

Then, multiply the product by 1/2.

[tex]216 * 1/2 = 108[/tex]

There are two triangles, so multiply, the product, 108, by 2.

[tex]108*2 = 216[/tex]

The area of both combined triangles is 216 cm; the area of a single triangle is 108 cm.

Secondly, find the area of the rectangles.

There are two rectangles with widths of 25 and lengths of 15.

[tex]25*15 = 375[/tex]

There are two rectangles, so multiply the product, 375, by 2.

[tex]375*2 = 750[/tex]

The area of both rectangles combined is 750 cm; the area of a single rectangle is 375 cm.

Lastly, we find the area of the rectangle in the middle.

This rectangle has a length of 18 and a width of 25.

18[tex]18*25 = 450[/tex]

The area of this rectangle is 450 cm.

Lastly, add the areas of all the shapes.

[tex]108 + 108 + 375 + 375 + 450 = 1,416.[/tex]

Therefore, the area of this figure is 1,416 cm².

4/9 dividend by 2/3 =

Please help!!!will give brainlest

Answers

Answer:

2/3

Step-by-step explanation:

4/9 divided by 2/3 = 4/9 times 3/2

= 2/3

To calculate the cost of painting his silo, a farmer must find its height. The farmer uses a cardboard square to line up the top and bottom of the silo as shown in the diagram below. Approximate the height of the silo, rounded to the nearest foot.

Answers

Answer:

Height of the silo = 18 feet.

Step-by-step explanation:

From the figure attached BC is the length of the silo and the height of the farmer is 5 ft.

Farmer is standing at 8 ft distance from the silo.

From triangle AEC,

tan(∠CAE) = CE/AE=5/8

m(∠CAE) = tan-1 (5/8)

= 32°

m∠BAE = 90° - 32° = 58°

From the triangle ABE,

tan58° = BE/AE

BE = 8tan58°

BE = 12.8 ft

Total height of the silo = BE + EC

= 12.8 + 5

= 17.8

≈ 18 ft          

Therefore, the total height of the silo is 18 ft.

You are given the expression 128/124 to simplify.
PART A
Which equation shows the correct property of exponents
to use?
am
an = am+n
am
an = am-a
am
an = am-n
am
an = an-m

Answers

B.
For the laws of exponents, one of the laws are a^m/a^n = a^m-n

PLEASE HELP!!! THANK YOU!!!
You have $1000 to invest in an account and need to have $2000 in one year. What interest rate would you need to have in order to have this if the amount is compounded weekly? Round your answer to the nearest percent.
A. 4%
B. 2%
C. 3%
D. 1%

Answers

Answer:

A. 4%

Step-by-step explanation:

remember that there are 52 weeks in a year, so multiply 1000 by each answer, then multiply what you get by 52 to see if it is either below 2000 or just above 2000, and you'll see how i got 4%.

Answer:

3 or 2

Step-by-step explanation: I don't know, but I am gonna say that is the interest rate for the invest for saving up $2000

(Please correct me if I am wrong)

James is 425% heavier than his baby brother. Which of the following is equal to 425%

A) 425

B) 40 1/2

C) 4 1/4

D) 17/20

Answers

Equal 4.1/4 or 4.25
Other Questions
Shown below is the phase diagram for a typical liquid mixture of two components, A and B. a What is the significance of the horizontal line between points X and Y? O The length of the line XY corresponds to the difference in boiling point of components A and B. O A boiling liquid with composition X will produce vapor with composition Y. O The point X gives the vapor composition of the less volatile component and Y gives the vapor composition of the more volatile component. The line gives the difference. O A boiling liquid with composition Y will produce a vapor with composition X. b Using the phase diagram, determine the molar composition of the vapor in equilibrium with a boiling liquid that has a composition of 40% A and 60.% B. Percentage vapor composition A= 10 % Percentage vapor composition B 90 % What is the boiling point of this liquid? Boiling point 100 C For which of the following errors would the appropriate amount be subtracted from the balance per books on a bank reconciliation? Check written for $53, but recorded by the company as $35. Deposit of $200 recorded by the bank as $20. Check written for $58, but recorded by the company as $85. A returned $600 check recorded by the bank as $60. Santiago has 5 11/16 cups of dough to make dumpling. If he uses 13/16 cups of dough for each dumplings how many dumplings can santiago make? HelpA shade of green paint is made by mixing `2` cups of yellow with `3.5` cups of blue.Write a recipe for a mixture that will make the same shade of green but a larger amount. look at both maps (one from 1885, and another one from 2020) and compare and contrast the maps. What is similar about each one? What is different? There is one grammatical error in each line.Firefighters are some of the most bravest people in earth. They risk lives to save strangers. On the job they don't have no time to hesitate, they have to act prompt. When responding to an emergency, everyone work together with a team to ensure minimum injuries. what is electric home and farm authority? In 2003, Congress passed laws to encourage private charitable organizations to provide social services. They would compete for government funds to carry out community services through their own networks. Do you think this is an effective way to address social issues? Why or why not? Use economic concepts, such as markets, efficiency, and opportunity costs in developing your response. How does the author's diction contribute to the tone of the text in Adapted from frugality by yoshida kenko?A.It gives the text a dignified tone.B.It gives the text an encouraging tone.O c. It gives the text a condescending tone.OD.It gives the text an evasive tone. Que importancia tiene organizar los espacios escolares adecuadamente A synonym for the word cynical isO compassionateO violentO neutralO pessimisticO optimistic HELP PLSSS The area outlined in black developed what type of economic activity during the 1600s?1 Hunting and trading2 Cash crops3 Ship building4 Small-scale subsistence farming Proving Triangles congruent by ASA and AAS Select the correct answer.Which piece of information is listed in the income section of a tax return?A dependent care expensesB.dividendsOC. retirement plan contributionsODstudent loan interest for the 3rd grade by "Hello English", Prosveta1. Listenand draw linesDonaldDorisClick to listenDoraHildaRobertVivianTrevor2. Match1. Marina is2. Billy3. I4. The children5. My friends are1.C 2.0 3.0a) are making a snowman.b) am doing my homework.c) writing a postcard.d) watching TV.e) is playing football.5.3. Fill inreading, having, wearing, drinking, helping, running, watchingjuice?1. My sister and brother arebooks2. John's dog isin the garden now3. Are you4. The kids aredinner.5. Mary is her mother6. Is Samhus oganre jumper today?7. Tim is video now.4. Look and writea Model:What is she doing?She is playing tennis.What are they doing?They are skiing.5. Answer:Model: Are you watching TV now? - Yes, I am., No, I'm not1. Are you wearing puuple socks today?-Is your teacher wearing sunglasses now?-Are you sitting on a chair now?Are the girls in your class singing now?HD giving a large number of points to whoever answers this Will give brainly if right If the sun is 57 degrees above the horizon, find the length of the shadow cast by a building 56 ft tall. Round your answer to the nearest tenth. Story writing on i was sitting in my room and suddenly i heard a loud sound why microeconomics is useful in business decision making? Explain