11. Trey decides to consolidate his debt and
qualities for a personal loan of $10,000 to help
pay off his current credit. He qualities for an
interest rate of 4.29% and is choosing between
a term of 5 or 10 years.
RATE
TERM
MONTHLY PAYMENTS
4.29%
5 years
$185.48
4.29%
10 years
$102.63
Which term will result in the lowest total
repayment, and how much lower will the
repayment be?
A. The 5-year term would be $1,128.80 lower.
B. The 5-year term would be $1,186.80 lower
C. The 10-year term would be $2,315.60 lowe
D. The 10-year term would be $1,186.80 lowe

11. Trey Decides To Consolidate His Debt Andqualities For A Personal Loan Of $10,000 To Helppay Off His

Answers

Answer 1

Answer:

B. The 5-year term would be $ 1,186.80 lower

Step-by-step explanation:

The repayment parameters of the $10,000 loan Trey qualifies for are given as follows;

The loan interest rate = 4.29%

The monthly payments for the 5 year loan term = $185.48

The monthly payments for the 10 year loan term = $102.63

The total repayment amount for the 5 year loan term, '[tex]A_{5 \ years}[/tex]' is given as follows;

[tex]A_{5 \ years}[/tex] = $185.48 × 5 × 12 = $11,128.8

While the total repayment amount for the 10 year loan term, '[tex]A_{10 \ years}[/tex]' is given as follows;

[tex]A_{10 \ years}[/tex] = $102.63 × 10 × 12 = $12,315.6

The difference between the total repayment for the 10-year term and the 5-year term loan, [tex]A_{10 \ years}[/tex] - [tex]A_{5 \ years}[/tex], is given as follows;

[tex]A_{10 \ years}[/tex] - [tex]A_{5 \ years}[/tex] = $12,315.6 - $11,128.8 = $1,186.80

Therefore, the 5-year term is lower than the 10-year term by $1,186.80


Related Questions

Find the distance between each pair of points. You may want to plot the points. (2 pts each) (2, 3), (7, 3) (-2, 5), (-2, -3) (-8, 5), (-2, 5) (-9, 1), (6, 1)

Answers

Answer:

(1) First pair; (2, 3), (7, 3), d₁ = 5

(2) Second pair; (-2, 5), (-2, -3), d₂ = 8

(3) Third pair; (-8, 5), (-2, 5), d = 6

(4) Fourth pair; (-9, 1), (6, 1), d₄ = 15

Step-by-step explanation:

Given pair of points;

(1)  (2, 3), (7, 3)

(2) (-2, 5), (-2, -3)

(3) (-8, 5), (-2, 5)

(4) ) (-9, 1), (6, 1)

The distance between each pair of points is calculated as follows;

[tex]d = \sqrt{(y_2-y_1)^2 + (x_2-x_1)^2}[/tex]

(1) first pair; (2, 3), (7, 3)

[tex]d_1 = \sqrt{(3-3)^2 + (7-2)^2} \\\\d_1 = 5[/tex]

(2) second pair; (-2, 5), (-2, -3)

[tex]d_2 = \sqrt{(-3-5)^2 + (-2-(-2))^2}\\\\d_2 = \sqrt{(-3-5)^2 + (-2+2)^2} \\\\d_2 = 8[/tex]

(3) Third pair; (-8, 5), (-2, 5)

[tex]d_3 = \sqrt{(5-5)^2 + (-2-(-8))^2}\\\\d_3 = \sqrt{(5-5)^2 + (-2+8)^2} \\\\d_3 = 6[/tex]

(4) Fourth pair; (-9, 1), (6, 1)

[tex]d_4 = \sqrt{(1-1)^2 + (6-(-9))^2}\\\\d_4 = \sqrt{(1-1)^2 + (6+9)^2} \\\\d_4 = 15[/tex]

MathWiz wya? I need some help with this...show your work <3

Answers

Answer:

1) -15+8i

2) x^2+2x-5

Step-by-step explanation:

1) apply perfect square formula

(4i)^2+2*4i1+1^2

then simplify

2)remove parentheses

x+1+(x-2)(x+3)

expand (x-2)(x+3)

x+1+x^2+x-6

simplify x+1+x^2-6 = x^2+2x-5

3/8 + 2/5 in simplest form

Answers

Answer:

31/40 Hope this helps!

Step-by-step explanation:

Answer:

The answer for this question is 31/40

kayla picks 8 pounds of apples. What is the weight of kayla's apples in ounces?​

Answers

Answer:

128

Step-by-step explanation:

alexa's friends got her a skydiving lesson for her birthday.

Answers

That’s a pretty sweet gift.

Answer:

ok and what's the question? (*゜ー゜*)

Step-by-step explanation:

(a+6)(a-?)=a^2+?a-12

HELP ASAP
(^2 means squared)

Answers

Answer:

(a+6)(a-2)=a^2-4a-12

Step-by-step explanation:

Alana transformed Figure 1 to Figure 2 as shown below. Which statement accurately describes Alana's transformation?
A
Figure 2 is the image of Figure 1 after a rotation, a reflection, and a translation.

B
Figure 1 and Figure 2 are similar.

C
Figure 2 is congruent to Figure 1.

D
Figure 2 is congruent to a dilation of Figure 1 with a scale factor of 3.

Answers

Answer:

Figure 1 and Figure 2 are similar

Step-by-step explanation:

Answer: A

Step-by-step explanation: Figure 2 is the image of Figure 1 after a rotation, a reflection, and a translation.


What is the value of x will make the inequality true. 5x - 10 < 75?

Answers

Answer:

x=16 or any value less than 16.

Step-by-step explanation:

16x5=80 and subtract 10 you get 70. X has to equal a value that makes the whole left side of the equation "smaller" than the irght side, and 16 or any value less than that would accomplsish this.

.Step-by-step explanation:

HELP WILL GIVE BRAINLIST

Answers

Answer:

 

Simplify  {4}^{2}42  to  1616.

-16+2\times -4\times -5-2\times {2}^{3}−16+2×−4×−5−2×23

 

Simplify  2\times -42×−4  to  -8−8.

-16-8\times -5-2\times {2}^{3}−16−8×−5−2×23

 

Simplify  8\times -58×−5  to  -40−40.

-16-(-40)-2\times {2}^{3}−16−(−40)−2×23

 

Use Product Rule: {x}^{a}{x}^{b}={x}^{a+b}xaxb=xa+b.

-16-(-40)-{2}^{4}−16−(−40)−24

 

Simplify  {2}^{4}24  to  1616.

-16-(-40)-16−16−(−40)−16

 

Remove parentheses.

-16+40-16−16+40−16

 

Simplify  -16+40−16+40  to  2424.

24-1624−16

 

Simplify.

8

Step-by-step explanation:

hope it helps :)

Yesterday, Tran charged 70$ to babysit for 5 hours. If Tram charges a constant fee per hour when she babysits, which statements are correct


A. Tram charges $140 when she babysits 10 hours.

B. Tram charges $1.25 when she babysits for 9 hours.

C. Tram charges $56 when she babysits for 8 hours

D. Tram charges 20$ when she babysits for 4 hours.

E. Tram charges $14 per hour that she babysits.

D. Tram charges 7$ per hour that she babysits.

Answers

Answers:
A) Tran charges $140 when she babysits 10 hours

E) Tran charges $14 per hour that she babysits.

reasoning:

$70 divided by 5 hours to get how much she gets paid by the hour. 70 divided by 5 = $14; she charges $14/ hour. $14 times 10 hours = $140. these two statements are correct.

Answer:

A & E

Step-by-step explanation:

divide 70 by 5.

you get 14. meaning she charges $14 per hour

14 x 10 gives you 140.

Find the perimeter of the
polygon if ZB = ZD.
5 cm
B
6 cm
D
7 cm

Answers

Answer:

6cm

Step-by-step explanation: hey u yea u ur kinda sus ngl

Answer: 48

Step-by-step explanation:

yes

25 points I need help will mark brainliest

Answers

Answer:

w=840/24

Step-by-step explanation:

pls mark me as brainlist

Answer:

you can mark them brainliest, now c:

Step-by-step explanation:

5. How many times smaller is the
value of 0.486 compared to 48.6?

Answers

It is 100 times smaller or 0.486 is 1/100th of 48.6

Answer:

100 times smaller

Step-by-step explanation

48.6 / 0.486 = 100

Is it a function?
(-2, 2), (-1,2), (0, 2), (1.0), (2,0)

Answers

Answer:

yes

Step-by-step explanation:

nothing in the x is repeating

.
(01.01)

Evaluate −30 ÷ −6. (1 point)
5
−5
6
−6

Answers

answer: 5 because i said

For any positive numbers a,b, and d, with b not equal to 1, log base b (a/d) = A. Log base b a * log base b d B. Log base b a + log base b d C. Log base b a - log base b d D. D * log base b a

Answers

Answer:

C. Log base b (a) - Log base b (d)

Step-by-step explanation:

In logarithm, log means index or exponent. It can be explained with following example. Consider 2^5 = 32

here index = log = 5 so you can write the log of 32 = 5

Consider 64/16 = 4

now 64 = 2^6 and 16 = 2^4

We can write log 2(64) = 6 and log2(16)=4

Now log 64/16= log 4= 2

Also log2(64)-log2(16)=6-4=2

Therefore

Log base b (a/d) = Log base b (a) - Log base b (d)

Jabari wants to save $66. He earns
$9 every week, walking his
neighbor's dog for 2 hours. He
saves all of his money. How many
weeks will it take him to save $66?

Answers

Answer:

n = 7 1/3 weeks

Step-by-step explanation:

Amount Jabari wants to save = $66

Amount he earns per week = $9

Hours worked per week = 2 hours

How many weeks will it take him to save $66?

Let

n = number of weeks will it take him to save $66

66 = 9n

n = 66/9

n = 7 3/9

n = 7 1/3 weeks

Or

n = 7.33 weeks

A store pork sold at 7.26 for 2 pounds and chicken sold at 6.65 for 5 pounds , which has a higher unit price

Answers

Answer:

the pork has a greater unit rate of $3.63

Step-by-step explanation:

You divide each number so that you denominator is one because it is a unit rate.

Given: p || q, and r || s.

Answers

Answer:

I did the figure

mark brainliest if comfortable :)

I NEED HELP LOOK AT PICTURE PLS!! THX A MILLION !

Answers

Answer:

I think it is 5 lb and 1 oz

An escalator in a department store carries people a vertical distance of 14 feet between floors. How
long is the escalator if it makes an angle of 30° with the ground?

Feet : ____

Answers

The escalator -- or hypotenuse-- is
40
feet long

Hope this helps!!!

A small plane is flying northeast at a speed of 200 mph. A wind blows due west at 28 mph. Find the resultant speed and direction of the plane.

Answers

Answer:

The resultant speed = 181.3 mph

The final direction = 38.7° northeast.

Step-by-step explanation:

We need to find the component in the x-direction and in the y-direction of the speed:

For the plane:

[tex] v_{p_{x}} = 200cos(45) = 141.42 [/tex]

[tex] v_{p_{y}} = 200sin(45) = 141.42 [/tex]

For the wind we have:

[tex] v_{w_{x}} = -28 [/tex]

[tex] v_{w_{y}} = 0 [/tex]

Now, the total speed in the x-direction and  in the y-direction is:

[tex] V_{x} = v_{p_{x}} + v_{w_{x}} = 141.42 - 28 = 113.42 [/tex]

[tex] V_{y} = v_{p_{y}} + v_{w_{y}} = 141.42 [/tex]

Hence, the resultant speed is:

[tex] V = \sqrt{V_{x}^{2} + V_{y}^{2}} = \sqrt{(113.42)^{2} + (141.42)^{2}} = 181.3 mph [/tex]

Finally, the direction of the plane is:

[tex] tan(\theta) = \frac{V_{y}}{V_{x}} = \frac{141.42}{113.42} = 1.25 [/tex]

[tex] \theta = 51.3 ^{\circ} [/tex]

[tex] \theta = 90 - 51.3 = 38.7 ^{\circ} [/tex]

The plane is moving at 38.7° northeast.

I hope it helps you!

In ⊙E, what is AC?
in need of answers

Answers

Answer:

d

Step-by-step explanation:

i looked up the answers

The length of AC is 6.4 unit.

The correct option is C.

We have the figure from which we can say that

BD is the diameter which is

= 4.8 + 1.6

= 6.4 unit long.

Now, AC is the chord.

As, the distance between the two opposite point the the surface of circle would be same.

Then, the length of AC = length of BD

Thus, the length of AC is 6.4 unit.

Learn more about Circle here:

https://brainly.com/question/29142813

#SPJ2

Each students in grade four was given 20 raffle tickets to sell to raise funds for their school. The price of each ticket is $1.50. If Olivia sold all her tickets how much money did she raise for her school? If there are 30 students in grade four and they sold all of their tickets how much money was raised altogether?

Answers

Answer: Olivia raised $30 alone and the class raised $900 all together

Find the magnitude and direction of the vector WZ: W(15, 25) and Z(10,-6).

Answers

Answer:

..

Step-by-step explanation:.

Of the students at I.S. 59, 230 signed up for the school picnic. That was 50% of all students in the school. How many students attend I.S. 59

Answers

Answer: 460 students

Step-by-step explanation:

Based on the information given in the question, let the total number of students that attend I.S. 59 be represented by x.

Since we've been given the information that 230 signed up for the school picnic which was 50% of all students in the school. Then, the students in the school will be:

= 50% of x = 230

0.5 × x = 230

0.5x = 230

x = 230/0.5

x = 460

Therefore, 460 students attend the school.

CAN SOMEONE HELP ME WITH THIS?

Answers

Answer:

The answer is 938. ;}

Step-by-step explanation:

Answer:

The answer is 938

Step-by-step explanation:

i hope it Helped!! <3

To the nearest​ millimeter, a cell phone is 105 mm long and 69 mm wide What is the ratio of the width to the​ length?

Answers

Answer:

69

Step-by-step explanation:

width = about 69% of the length

Please help, I WILL MARK YOU BRAINLIEST IF U GET IT RIGHT AND GIVE A THANKS IVE BEEN STUCK ON THIS FOR A WHILE PLEASE :(

Answers

Answer:

y=-1/6x

Step-by-step explanation:

To find the answer you can just look at 2 points on the graph and whichever one comes first is (y1,x1) and the next pair is (y2,x2). So to find it we can use (0,0) automatically because the line is crossing through it. We can also use (600,-100) as the second point becasue it is the next farthest away and when we plug the numbers into the slope equation(y2-y1/x2-x1) we get -100-0/600-0 which when simplified is -100/600 or -1/6 so that would be the m in slope-intercept form (y=mx+b) and when you get everything you can find the equation y=-1/6x

Hope this helped!

y=-1/5x is the correct answer using the explanation above

Can someone please help me?

Answers

Answer:

add x

Step-by-step explanation:

1)sx*tx

2)sx+tx

3)s-t

Other Questions
What are four conditionsrequired for fossilizationof an organism? A.35B.45C.135D.145 list 5 steps of how you take care of your mental health. HELPPPPPPPPP PLZZZZ ASAP I WILL MARK Y AS A BRAINLIEST Identify the plant phylum based on the description.A tree that can be found in the mountains and produces seeds in cones is a type of .A tree that produces blossoms that can be fertilized and develop into fruit is a type of .This low-lying plant that requires damp surfaces and does not have a system to transport water is a . Solve the equation: -7n = 105 What is the value of n? __________ compr un libro sobre Antonio Jos de Sucre.a. Siempreb. Ayerc. Frecuentemented. Todo el tiempo Choose the line that is the best fit for the data. Write the decimal as a fraction in simplest form.0.25... .25 is repeating plz hurry True or False?1. A half is always equal to twoquarters, no matter how bigthe shape is. how many atoms of each element are in the formula Pb3(PO4)4 Plz help Im struggling in math how does berylium apply to real life Who are the protagonist and the antagonist to the tortoise and the hare? 11. Which of these claims is most likely true of two species that share a recent common ancestor?A. The two species have different developmental patterns.B. The two species share DNA sequences.C. The two species have similar arms and legs.D. The ancestors of each species looked very different. What is SARS OR SEVERE ACUTE RESPIRATORY Syndrome? What is the slope of the line passing through points A and B?A -3B -1/5 C 1/4D 1/3 0.2 written in hundreds place Paula's time swimming in the Ironman Triathlon was 1 hour 25 minutes. Her time biking was 5 hours longer than her swimming time. She ran for 4 hours 50 minutes. How long did it take her to complete all three parts of the race? Use the model to help you organize your thinking. If a rectangle has a width of 36 square units, is it inversely proportional to its width?Please explain.