Rich is going to a 4-year college. He was given a 10-year, unsubsidized student loan for $7,900 at 4.29%. He has to option of beginning to repay the loan in 4.5 years. He also knows that during the time he is not making payments, interest will be charged at 4.29%. If Rich decides to make no payments during the 4.5 years, the interest will be capitalized at the end of that period. What will his monthly payments be? Round to the nearest cent.

Answers

Answer 1

If Rich is going to a 4-year college. He was given a 10-year, unsubsidized student loan for $7,900 at 4.29%. His monthly payment is $87.31.

What is monthly payment?

Monthly payment can be defined as the amount a person received on a monthly basis.

Now let find the monthly payment

Monthly payment = 7900 (0.0429/12) ( 1+ 0.0429/12)^12×10 ÷  ( 1+ 0.0429/12)^12×10 -1

Monthly payment = 7900 (0.003575) ( 1+ 0.003575)^120÷  ( 1+ 0.003575)^120 -1

Monthly payment =7900 (0.003575) ( 1.003575)^120 ÷  ( 1.003575)^120 -1

Monthly payment = $87.31

Therefore the monthly payment is $87.31.

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The complete question is:

Rich is going to a 4-year college. He was given a 10-year, unsubsidized student loan for $7,900 at 4.29%. He has to option of beginning to repay the loan in 4.5 years. He also knows that during the time he is not making payments, interest will be charged at 4.29%. If Rich decides to make no payments during the 4.5 years, the interest will be capitalized at the end of that period.  Suppose that Rich had decided to apply for a private loan rather than a federal loan. He is considering a 10-year lo"an with an interest rate of 5.9% .What will his monthly payments be?


Related Questions

Portable telephones can
weigh as little as 8 ounces. How many
pounds is thiS

Answers

0.5 pounds Hope this helps !!!!!
8 ounces converts to .5 pounds
(Divide by 16 to get the answer)

A ladder that is 14 feet long is placed against a building. The bottom of the ladder is 6 feet from the base of the building.

A right triangle with side length 6 feet, hypotenuse 14 feet, and side h.

In feet, how high up the side of the building is the top of the ladder? Round to the nearest tenth of a foot.


12.65

Answers

Answer:

12.6 ft

Step-by-step explanation:

Using Pythagoras' identity in the right triangle

let h be height up the side of the building , then

h² + 6² = 14²

h² + 36 = 196 ( subtract 36 from both sides )

h² = 160 ( take the square root of both sides )

h = [tex]\sqrt{160}[/tex] ≈ 12.6 ft ( to the nearest tenth )

The total surface area of a cube is 294 cm".
Work out the volume of the cube.

i would really appreciate it thank you!! :)

Answers

Hey Buddy,

Answer:

343 cm³

Step-by-step explanation:

Total Surface Area of the cube = 294 cm²

Surface Area = 6a²

6a² = 294

a² = 49

a = square root of 49

  = 7

Volume of a cube =  a³

Thus, the volume of the cube = 7³

                                                 = 7*7*7

                                                 = 343 cubic centimeters

Hope it helps :)

40% of Damien’s marbles are blue Damien has 30 marbles how many of the marbles are not blue

Answers

Answer:

12

Explanation:

40/100 = 0.4

0.4 * 30 = 12

I hope this helps you!

5/6 long division from math

Answers

Answer: 0.8333

Step-by-step explanation:

Simplify.
8-3(4-2x)
i’ll mark brainliest :)

Answers

Answer:

-4 + 6x.

Step-by-step explanation:

8 - 3(4 - 2x)

= 8 - 12 + 6x

= -4 + 6x.

The correct answer is 6x - 4

Simplify :

8 - 3(4 - 2x)

8 - (12 - 6x)               (using BODMAS rule)

8 - 12 - (-6x)            

( 8 -12) + 6x        

-4 + 6x

= 6x - 4

ORIGINAL ANSWERS PLEASE

If the line of best fit is y = 1.18x + 5.4, what is the residual value for the coordinate (2, 8)?

0.24
−0.24
0.46
−0.46

Answers

The residual value of coordinate is 0.24.

what is residual?

A residual is the discrepancy between a data point's actual value and the value predicted by a regression or trend line.

Trend lines provide the approximate shape of the data and display the general shape the data takes. The most precise trend lines are those that best suit the data.

Given equation y = 1.18x + 5.4

and coordinates (2, 8)

y at x = 2

y = 1.18x + 5.4

y = 1.18(2) + 5.4

y = 7.76

residual value = actual y axis value - predicted y axis value

residual value = 8 - 7.76 = 0.24

Hence the residual value is 0.24.

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Naomi'sbillforlunchatarestaurantwas$46.Sheleftan18%tip.Whatwastheamountofthetip?

Answers

Answer:

$8.28

Step-by-step explanation:

0.18*46=8.28

What is an equation of the line that passes through the points (-4, -1) and (6, -1)

Answers

Answer:

y = -1

Step-by-step explanation:

In a sense this is a trick question.  Notice that the y-coordinates of these two points are the same:  -1.  That tells us that the line is a horizontal one with equation y = -1.  Nothing further to do here.

HELP!!!
Carbon dating is used to determine the age of fossils. A fossil was found with 75% of the original carbon-14. The half-life of carbon-14 is 5,730 years. The equation that models the situation is 0.75=(0.5)x5,730.
How old is the fossil?
Choose the answer that gives the correct logarithmic equation and answer.

A. x≈2,865
B. x≈13,805
C. x≈11,460
D. x≈2,378

Answers

C. X= 11,460


Hope this helps

What are the properties of the graph of a function?

Answers

The properties of the graph of a function include domain, range, symmetry, asymptotes, intercepts, increasing or decreasing, continuity, smoothness, behaviour at infinity and shape.

1) Domain: The set of all input values (x-values) that produce a valid output (y-value) for the function.

2) Range: The set of all output values (y-values) that can be produced by the function for any valid input value in the domain.

3) Symmetry: A graph may be symmetric with respect to the x-axis, y-axis, or origin.

4) Asymptotes: A line that the graph of a function gets arbitrarily close to, but never touches.

5) Intercepts: The points where the graph of a function crosses the x- and y-axes.

6) Increasing or Decreasing: A function can be increasing over a certain interval, decreasing over a certain interval, or both.

7) Continuity: A function is continuous if its graph has no breaks or gaps.

8) Smoothness: A function is smooth if its graph has no sharp corners or links.

9) Behavior at Infinity: The behavior of a function at positive or negative infinity can be determined by analyzing the degree and leading coefficient of its equation.

10) Shape: The shape of a graph can be used to classify functions as linear, quadratic, exponential, logarithmic, etc.

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Jorge received a 3.1% increase in his pay at work. If he now makes $18.00 per hour, how much was he making before his raise? (Round answer to the nearest cent (hundredths))

Answers

18 times .031 is .558
18 dollars minus .558 cents is 17.442
Answer is he was maki 17.442 dollars before the increase

Rose is fishing from a small boat. A fish swimming at the same depth as the hook at the end of her fishing line is 8 meters away from the hook.

Answers

The question is incomplete, as the depth of the hook isn't given in the question. However, using a proposed depth for the hook, we could give a stepwise solution to the exercise.

Answer:

Kindly check explanation

Step-by-step explanation:

If given a hook depth of 6 meters, and a distance of 8 m(fishing line from hook) at the the Same depth, then the distance between rose and the fish, x can be calculated, using the relation.

Hypotenus² = opposite² + adjacent²

(refer to attached picture)

x² = 6² + 8²

x² = 36 +. 64

x² = 100

x = sqrt(100)

x = 10 meters

You can use the actual depth value to obtain the actual solution to your question.

Two parallel lines are cut by a transversal as shown below.
Suppose m<7=107 . Find m<1 and m<4 .

Answers

The angle measures : m∠1 = 107° and m∠4= 73°

What is an angle measure?

When two lines or rays intersect at a single point, an angle is created. The vertex is the term for the shared point. An angle measure in geometry is the length of the angle created by two rays or arms meeting at a common vertex.

Given:

There are 2 parallel lines

A transversal cuts them

∠5 and ∠7 are corresponding angles

Corresponding angles are equal in measures

m∠5 = m∠7

m∠7 = 107°

m∠5 = 107°

∠1 and ∠7 formed a pair of alternate exterior angle.

And m∠1 = m∠7

∠1 and ∠4 formed a pair of linear angle.

The sum of the measures of the linear angles is 180°

m∠1 + m∠4 = 180°

Substitute ∠1 by 107°

m∠4 + 107° = 180°

m∠4 = 180 - 107

m∠4= 73°

Therefore, m∠1 = 107° and m∠4= 73°

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Between which two numbers does the square root of
131 lies?

Answers

Answer:

11 and 12

Step-by-step explanation:

this is because the square root of 121 is 11 and the square root of 144 is 12 so the answer will lie between 11 and 12

11 and 12 because sqrt131 is about 11.46

The difference of 5 times a number and 3 times that same number is 16.

Which of the following is the equation of the statement above?

5x - 3x = 16
5x + 3x = 16
5x - 3 = 16
5 - 3x = 16

Answers

Answer:

5x - 3x = 16

Step-by-step explanation:

Owen is designing a rectangular garden whose length is 25 feet he needs to put fencing all around the exterior of the garden and wants to use less than 8 feet of fencing

Answers

Answer:

To enclose the rectangular garden, Owen will need to put fencing along the length of the garden, which is 25 feet, and along the width of the garden. He wants to use less than 8 feet of fencing, so the width of the garden must be less than 8 feet.

The total amount of fencing needed will be equal to the length of the garden plus the width of the garden, multiplied by 2 (since there are two sides to the garden for each of the length and width).

For example, if the width of the garden is 5 feet, the total amount of fencing needed will be 25 + 5 + 25 + 5 = 60 feet, which is less than 8 feet.

So, the width of the garden can be any value less than 8 feet.

Step-by-step explanation:

Jen can bike 12 miles in 40 minutes how much time will she need to bike 30 miles if her speed remains the same
Please help I will mark brainliest

Answers

Answer:

100 minutes / [tex]1 \frac{2}{3}[/tex] hours

First, we need to do 40 ÷ 12 = 3 1/3

Next, multiply 3 1/3 by 30 = 100

So, it is 100 minutes. But wait! We can simply it...

100 minutes = 1 2/3 hours

You can always convert it into different time labels. I think this is the most popular.

It will take 100 minutes for her to bike 30 miles because if 12 miles takes her 40 minutes, then it’ll take her 80 minutes for 24 miles, and if you split 12 in half and 40 in half then it’ll take her 20 minutes to bike 6 miles. 20+40+40=100. Hope this helps;)

Triangle BAC was rotated 90° clockwise and dilated at a scale factor of 2 from the origin to create triangle XYZ. Based on these transformations, which statement is true?
<Z=<A
<B=<Y
<A=<X
<C=<Z​

Answers

We know that a 90-degree clockwise rotation is the same as a 270-degree counterclockwise rotation, which means that the coordinates of each point in the original triangle BAC will be flipped across the x-axis, and then rotate 270 degrees.

We also know that a dilation at a scale factor of 2 means that the coordinates of each point are multiplied by 2.

Based on these transformations, the statement that is true is <C=<Z

In triangle BAC, point C has the same coordinates as point Z in triangle XYZ.

This because, the original point C is transformed by rotating 90 degrees counterclockwise and scaling by a factor of 2, This result in point C moving to the position of point Z.

The rest of the statements are not true based on this rotation and dilation because the coordinates of points A, B, and Y will be different from the original triangle BAC.

Help
1. 4 < 7 Multiply both sides by 3, then by 2, then by 4, then by 9

2. 11 > -2 Add 3 to both sides, then add 3, then add (-4)

3. -2 \leq -2 Subtract 6 from both sides, then 8, and then 2

4. -4 < 8 Divide both sides by -4, then by -2

5. Write a short explanation of the effects of the above operations. Did this affect the inequality sign? Was it still true? Why or why not?

Answers

The short explanation of the effects of the above operations will not affect the inequality.

What is inequality?

Inequality is defined as an equation that does not contain an equal sign. Inequality is a term that describes a statement's relative size and can be used to compare these two claims.

1. 4 < 7 Multiply both sides by 3, then by 2, then by 4, then by 9, then we have

4 x 3 x 2 x 4 x 9 < 7 x 3 x 2 x 4 x 9

864 < 1512

2. 11 > -2 Add 3 to both sides, then add 3, then add (-4)

11 + 3 + (-4) > - 2 + 3 + (-4)

10 > - 3

3. -2 ≤ -2 Subtract 6 from both sides, then 8, and then 2

-2 - 6 - 8 - 2 ≤ -2 - 6 - 8 - 2

- 18 ≤ - 18

4. -4 < 8 Divide both sides by -4, then by -2

- 4 / (-4) > 8 / (-4)

1 / (-2) > - 2 / (-2)

- 1/2 < 1

The short explanation of the effects of the above operations will not affect the inequality.

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take two identical 30°-60°-90° set squares and form a parellelogram as before. Does this figure obtained help you to confirm the above property?

Answers

Two identical set squares with angles 30-60-90 degree Placed adjacently to form a parallelogram  

Find the polynomial of least degree to be added to 6x^2+8x^3+17x^2+12x+7 so that 3x^2+4x+1 is a factor. Class ten questions

Answers

Hope that really helps you

Jackie runs and dances for a total of 55 minutes every day. She dances for 25 minutes longer than she runs. Part A: Write a pair of linear equations to show the relationship between the number of minutes Jackie runs (x) and the number of minutes she dances (y) every day. (5 points) Part B: How much time does Jackie spend running every day

Answers

Jackie spends 15 minutes running every day.

Part A: The relationship between the number of minutes Jackie runs (x) and the number of minutes she dances (y) every day can be represented by the following pair of linear equations:

Equation 1: x + y = 55 (This equation represents the total amount of time Jackie spends running and dancing every day, which is 55 minutes)

Equation 2: y = x + 25 (This equation represents the relationship between the number of minutes Jackie runs and the number of minutes she dances, which is that she dances 25 minutes longer than she runs)

Part B: To find out how much time Jackie spends running every day, we can substitute the second equation into the first equation:

x + (x + 25) = 55

2x + 25 = 55

2x = 30

x = 15

Therefore, Jackie spends 15 minutes running every day.

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The number of newly reported crime cases in a county in New York State is shown in the accompanying table, where x represents the number of years since 1995, and y represents number of new cases. Write the linear regression equation that represents this set of data, rounding all coefficients to the nearest hundredth. Using this equation, estimate the calendar year in which the number of new cases would reach 887.

Answers

The linear regression equation that represents the given set of data is y=0.2x+865.

What is linear regression?

Linear regression is a linear approach for modelling the relationship between a scalar response and one or more explanatory variables. The case of one explanatory variable is called simple linear regression; for more than one, the process is called multiple linear regression.

The line of best fit is in the form y=bx+a

The slope is b= [tex]\frac{\sum (x-\bar x)\sum (y-\bar y)}{\sum (x-\bar x)^2}[/tex]

Here, [tex]\bar x[/tex] =(0+1+2+3+4)/5

= 1.8

[tex]\bar y[/tex] = (856+871+924+961+961)/5

= 914.6

∑(x-[tex]\bar x[/tex])=(0-2.5)+(1-2.5)+(2-2.5)+(3-2.5)+(4-2.5)

= -2.5-1.5-0.5+0.5+1.5

= -2.5

∑(y- [tex]\bar y[/tex]) =(865-914.6)+(871-914.6)+(924-914.6)+(961-914.6)+(961-914.6)

= -49.6-43.6+9.4+46.4+46.4

= 9

So, slope b= 1.8×9/9²

b=0.2

Substitute b=0.2 and (0, 865) in y=bx+a, we get

865=0.2×0+a

a=865

Substitute b=0.2 and a=865 in y=bx+a, we get

y=0.2x+865

Therefore, the linear regression equation that represents the given set of data is y=0.2x+865.

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"Your question is incomplete, probably the complete question/missing part is:"

The number of newly reported crime cases in a county in New York State is shown in the accompanying table; where X represents the number of years since 1995, and y represents number of new cases. Write the linear regression equation that represents this set of data, rounding all coefficients to the nearest tenth. Using this equation, find the projected number of new cases for 2003, rounded to the nearest whole number: Years since 1995 (x) New Cases (y) 856 871 924 961 961

help me with this please

Answers

Answer:

1)

17/20 will have the same value as 1D.

To get this

given D=1

Substitute that into the equation..

you have

E=17/20

To verify this... input E=17/20 into the original equation to see if you will get 1D

17/20 =17/20D

Multiply through by 20/17

You'll have D=1.

So

17/20E will have the same value as 1U.S dollar.

2)

20/17US dollar will Equal 1E.

Solving arithmetically

Given E=1.

Find D subject

your have

D=20E/17

E=1

D=20/17

To verify this answer

substitute D=20/17 and see if you'll get 1E

E=17/20D

E=17/20 x 20/17

E=1.

Conclusion

20/17D will have the same value as 1E

Making

What is the mode? 22, 7, 22, 1, 7, 18, 18, 16, 6, 6, 7

Answers

Answer:

7

Step-by-step explanation:

Put them in L to G

1 6 6 7 7 7 16 18 18 22 22

and u see how many times 7 repeated den all numbers.

The mode is the [tex]MOST[/tex] [tex]FREQUENTLY[/tex]occurring value in a distribution, Hence, the mode of the data is [tex]7[/tex]

[tex]VALUES - - FREQUENCY\\22 - - - - - - - - - - - 2\\7 - - - - - - - - - - - - 3\\1 - - - - - - - - - - - - 1\\18 - - - - - - - - - - - 2\\16 - - - - - - - - - - - 1\\6 - - - - - - - - - - - - 2\\\\HENCE,[/tex]

The value 22 has a frequency of 2

The value 7 has a frequency of 3

The value 1 has a frequency of 1

18 has a frequency of 2

16 has a frequency of 1

6 has a frequency of 2

The [tex]MODE[/tex] of the distribution is [tex]7[/tex]

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Andrea has 3 tiles.
One is a regular octagon, one is a regular pentagon and one is a regular pentagon.
Andrea thinks 3 tiles will fit together perfectly.
Show calculations to show that she is wrong.

Answers

Step-by-step explanation:

We are going to start by working out the interior angles so first of all to work out the interior angle we used the formula: num of sides - 2 * 180 for the sum of degrees in a shape.

Lets test this formula.

Lets say we have a square it has 4 sides 4-2 = 2 *180 = 360 this is correct,meaning we can trust this formula.

Now lets put it to use.

Octagon has 8 sides - 2 = 6.

6 * 180 = 1080

Pentagon has 5 sides - 2 = 3

3 * 180 = 540

Another Pentagon 5 sides - 2 = 3

3 * 180 = 540

We have to find out a single angle because it is one side that joins to the other, also if it is a perfect fit then all the single angles must add up to 360.

1080/8 sides = 135 degrees

540 / 5 sides = 108 degrees

540 / 5 sides = 108 degrees

We add these up,

135 + 108 + 108 = 351 which cannot be a possible fit because we need 360 degrees.

Hope this helps

Can someone please help me with math.

Answers

Answer:

A. 85

Step-by-step explanation:

They are congruent angles, or the same.

Therefore, the answer is 85

What is the y-intercept of y= -3x + 6

Answers

Answer: 6

Step-by-step explanation:

y = -3x + 6 is the linear equation of the form y = mx + c

where m is the gradient of the graph and c is the y-intercept of the graph.

Hence,

m = -3

c = 6

y-intercept of the graph = c

                                        = 6


ESSENTIAL QUESTION CHECK-IN
17. Tell how you can determine whether a number is a solution of an
equation.
324 Unit 4

Answers

Answer:

Step-by-step explanation:

1. Substitute the number for the variable in the equation.

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