Chase plans to buy a new car and determines he can budget $725 monthly for four years. His bank is offering an 8 25% annual interest rate What is the maximum loan he can afford to stay in his budget? Use the formula, A = (p[(1 + r/n) ^ m - 1])/(1/n * (1 + r/n) ^ N) , where Pis the monthly payment, the annual interest rate, nis the number of times interest is compounded in one year and is the number of years.

Answers

Answer 1

Answer:

$29555.20

Step-by-step explanation:

Given that:

P = $725

r = 8.25% = 0.0825

n = 12

t = 4 years

From the given formula:

[tex]A = \dfrac{P{(1+\dfrac{r}{n})^{n*t}-1 } }{\dfrac{r}{n}(1+ \dfrac{r}{n})^{nt}}}[/tex]

[tex]A = \dfrac{725{(1+\dfrac{0.0825}{12})^{12*4}-1 } }{\dfrac{0.0825}{12}(1+ \dfrac{0.0825}{12})^{4\times 12}}}[/tex]

[tex]A = \dfrac{725{(1.3894-1 )} } { 0.006875 \times 1.3894 }[/tex]

A = $29555.20


Related Questions

Solve the inequality. HELPPP ME PLZZ
3/4x − 2/3 ≤ 5/6

Choose the solution that is graphed on this number line.

A. x < 2
B. x > 2
C. x ≤ 2
D. x ≥ 2

Answers

c

Step-by-step explanation:

if you look at the graph, if there is a closed circle, that means x can be equal to whatever number the circle is on. if the circle is open, that means you don't include that number, which is in this case two. a closed circle means that x can be equal to 2. since the arrow is going from 2 to the left, x can be anything from two to any real numbers to the left. therefore, since to the left goes to numbers smaller than 2, x can either be equal to or less than two.

The solution of the inequality 3/4 x - 2/3 ≤ 5/6 which is graphed on given number line is x ≤ 2.

Here inequality is given as;

3/4 x - 2/3 ≤ 5/6

What is inequality?

A statement of an order relationship; less than, greater than, greater than or equal to, less than or equal to, between two algebraic expression is known as inequality.

Now,

3/4 x - 2/3 ≤ 5/6

3/4 x - 2/3 + 2/3 ≤ 5/6 + 2/3

3/4 x ≤ 7/3

Now multiply both side by 4/3;

[tex]\frac{3}{4} x *\frac{4}{3} \leq \frac{7}{3} *\frac{4}{3} \\x\leq \frac{28}{9} \\x\leq 3.11\\[/tex]

Hence, The solution of the inequality 3/4 x - 2/3 ≤ 5/6 which is graphed on given number line is x ≤ 2.

Learn more about the Inequality visit:

https://brainly.in/question/2421541

#SPJ6

Mary and Will rent a tandem bike for $10/hr. Which value is the dependent variable? Which is the independent variable

Answers

Answer:

Step-by-step explanation:

In this scenario, the dependant variable would be the total cost of the rental for the bike. This is because the actual cost depends on the number of hours that the individual has decided to rent the bike. The independant variable is the number of hours that they chose to rent the bike since it does not depend on any other factor in the scenario.

Jim invests $1240 at a 3.6 interest rate in an account that is compounded quarterly. What is the value of the account after 6 years

Answers

Answer:

$1507.84

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 3.6%/100 = 0.036 per year,

then, solving our equation

I = 1240 × 0.036 × 6 = 267.84

I = $ 267.84

The simple interest accumulated

on a principal of $ 1,240.00

at a rate of 3.6% per year

for 6 years is $ 267.84.

An ice cream shop uses 4 pints of ice cream to make 10 sundaes. How many pints of ice cream are used for each sundae?

Answers

2.5 pints are used
10 divided by 4

Answer:

10/4 or 5/2 = 2.5

Step-by-step explanation:

Please help! Will mark brainliest

Answers

Answer:

30 degrees but I have to write more stuff so brainly will let me submit my answer

Answer:

30°

Step-by-step explanation:

Because it is in the intersection of two lines, and opposite a corner that we know is 30°, then 3 must also be 30°

Use the number sentence to answer the question.
53 +26= 0 +53
Which value makes the number sentence true?
A. 26
B. 27
C. 53
D. 79

Answers

Answer:

A. 26

Step-by-step explanation:

53+26=x+53

Add 53 and 26

79=x+53

subtract 53 from both sides

x=23

is the point (1,-3) a solution to the system? show all your work

y>x-1
y >-x+2

Answers

Answer:

To determine if the point is a solution, substitute the x value into the right side of the inequality and compare the result with the y value of the point.

- x + 2 = - 1 + 2 = 1

Now - 3 < 1

Thus (1, - 3) is not a solution

Step-by-step explanation:

please help i’ll give you brainliest and a thanks ❤️

Answers

1. 2⁰
2. 2¹
3. 2-¹
4. 2⁰

Answer:

[tex]2^{4} x 2^{-4} ---- 2^{0} \\2^{-4} x 2^{5} ---- 2^{1} \\\frac{2^{4} }{2^{5}} ---- 2^{-1} \\\\\frac{2^{4} }{2^{4}} ---- 2^{0}[/tex]

Step-by-step explanation:

(pretend the x's are multiplication signs)

hope this helps you!

find the 29th term of the arithmetic sequence 182,176,170

Answers

9514 1404 393

Answer:

  14

Step-by-step explanation:

The first term of the sequence is 182, and the common difference is 176-182=-6. So, the general term is ...

  an = a1 +d(n -1)

  an = 182 -6(n -1)

The 29th term will be ...

  a29 = 182 -6(29 -1)

  a29 = 14

(e) 3x2 + 10x + 3 by x + 3

Answers

Answer:

(3x+1)(x+3) is the factorised form for the expression.

Step-by-step explanation:

:3

x

2

+

10

x

+

3

We can Split the Middle Term of this expression to factorise it.

In this technique, if we have to factorise an expression like  

a

x

2

+

b

x

+

c

, we need to think of 2 numbers such that:

N

1

N

2

=

a

c

=

3

3

=

9

and,

N

1

+

N

2

=

b

=

10

After trying out a few numbers we get:

N

1

=

9

and  

N

2

=

1

9

1

=

9

, and  

9

+

(

1

)

=

10

3

x

2

+

10

x

+

3

=

3

x

2

+

9

x

+

1

x

+

3

=

3

x

(

x

+

3

)

+

1

(

x

+

3

)

(

3

x

+

1

)

(

x

+

3

)

is the factorised form for the expression.

is the factorised form for the expression.

the product of 3 and 12

An expression is .

Answers

Answer:

36

Step-by-step explanation:

Answer:

do gk his to him hif to ycj be ljpidtzu

Step-by-step explanation:

Visit us at our website at the time of year again in the United Arab Republic and the best in the United States is the youngest daughter is in no uncertain future of our most important your own badge showing photos in. The time to get aoajjwhsja

Need help ASAP !!!!!

Answers

2,880m because i basically multiplied all the sides by each other to find the area

a bag of marbles contains 4 red marbles and 4 green marbles each red marble was labeled with a different number 1 through 4 and each green marble was labeled with a different number 1 through 4

Answers

Answer:

5/144

Step-by-step explanation:

Answer:

B.     A = {G2, G4, R2, R4}

Step-by-step explanation:

help pls lol it’s due today:)))

Answers

Answer:

4. supplementary

5. complementary

Step-by-step explanation:

4 is supplementary because the sum of the two angles is 180°.

5 is complementary because the sum of the two angles is 90°.

Answer:

4. Supplementary

Supplementary angles sum up to 180 degrees.

105 degrees + 75 degrees = 180 degrees

5. Complementary

Complementary angles sum up to 90 degrees.

30 degrees + 60 degrees = 90 degrees

Hope this helps, thank you !!

Which of the following statements provides the correct freezing and boiling points of water on the Celsius and Fahrenheit temperature scales

Answers

B provides the correct freezing and boiling points of water

Please look at the picture below to answer.

Answers

Answer:

x=67

Step-by-step explanation:

subtract 90 because those are right angles from 23 and you get 67

Tiffany earns an annual income of $ 55 , 000 . After she pays taxes, her take-home pay is $ 41 , 800 . Tiffany gives 5 % of her take-home pay to a stock broker to invest into the stock market. At the end of the year, her investment earned 8 % . How much money did Tiffany's investment earn in the stock market?

Answers

Answer:

1678.95

Step-by-step explanation:

HELPPP PLEASE!!!! HELP

Answers

A1 x=5
2 x=7
3 t=3
B1 x=3
2 x=2
3 z= √6

Find the measure of angle b

Answers

Answer:

26˚

Step-by-step explanation:

Since there is already two angles (The square in the corner shows that the angle is 90˚)

So subtract 90˚ with 64˚ which is 26˚

Answer:

this whole angle is equal to 90°

so the value of angle b = 90°-64°

so the value of b= 26.

Is my answer right? if not can you please show me the correct answer

Answers

No it is a =9 is correct

Answer: No, is a=9

Step-by-step explanation:

Your class wants to raise more than $350 for the Freshman Party and you choose to sell candy and cookies to accomplish this task. You earn $6 on each basket of candy, b, and $3 on each box of cookies, c, that you sell. If the number of boxes of cookies sold is 78, at least how many baskets of candy will you need to sell to reach your goal?

Answers

Answer:

16 baskets of candy.

Step-by-step explanation:

78 boxes of cookies times $3 per box equals $234.

$350-$234=$116 left you need to make so-

each basket of candy earns $6, divide $116 by $6 to equal 56.

You will need to sell 56 baskets of candy at $6 each to reach your goal of $350 .

Pls help me :(


Solve for x

Answers

Answer:

x = -3

Step-by-step explanation:

To answer this question, you should first remember that the inside angles of a triangle will always add up to 180 degrees. Therefore, we can make an equation and solve it form there:

55 + 54 + (x + 74) = 180

We add like terms:

109 + (x + 74) = 180

Continue adding like terms:

183 + x = 180

Next, we dubtract to siolate the "x" variable:

x = -3

Hope this helps :)

x=-3

Step-by-step explanation:

To start off, you're going to want to know and understand that all the angles of triangle equal 180 degrees.

Now that we know a triangle equals 180 degrees, lets make an equation. This is equation can be 55+54+74+x=180.

Now, lets combine the like terms in the equation. The equation now becomes 183+x=180.

From here, we subtract 180 from both sides, which would get us x=-3.

To double check that this is correct and that it works, you can plug in the -3 where the x would be.

I hope this helped!! Let me know if you have any further questions.

Select the correct answer.
Which is the graph of the function }(r).= x3 – 3,2 – 417

Answers

where the answer choices ?

It costs $2.80 to buy 4 apples. You want to buy 7 apples. How much will that cost?

Answers

Answer:

$4.90

Step-by-step explanation:

Answer:

10 dollars

Step-by-step explanation:

4 / 2.80 = 1.42857142857

so that means 1.42857142857 is the cost of one apple.

1.42857142857 x 7 = 10

so your answer is,

it costs $10 for 7 apples.

I Hope this helped!

Rename 2/3 and 4/5 so they have common denominators.

Answers

Answer:

2/3 multiply by 5 to get 10/15

4/5 mulitply by 3 to get 12/15

Step-by-step explanation:

Answer:

i mean wouldn't it be more like  2,3,4 2 , 3 , 4 is 2⋅2⋅3=12 2 ⋅ 2 ⋅ 3 = 12 ..

Step-by-step explanation:

Factor.

x2+14x+48



Enter your answer in the box.

Answers

Answer:

(x+6)(x+8)

Step by step explanation:

Because 6 + 8 is the 14 in the middle and 48 is 6 x 8 and you thats all you need just put the x's at the beginning

Answer:

For those who were looking for x^2+14x+48

The answer is:

Solve the system by substitution.
y = 8x
y = 4x + 8

Answers

Answer:

y = 16

x = 2

Step-by-step explanation:

y = 8x

y = 4x + 8

then, by substitution:

8x = 4x + 8

8x - 4x = 8

4x = 8

x = 8/4

x = 2

y = 8x

y = 8*2

y = 16

Check:

y = 4x + 8

y = 4*2 + 8

16 = 8 + 8

Write down in terms of n an expression for the nth term of the following sequence
12 16 20 24 28

Answers

Answer:

4n + 8

Step-by-step explanation:

Mr. Spence asks his math students to identify TWO shapes based on the
following clues: 1- each shape must have ALL sides equal length, 2- each shape
must have 4 sides, 3- each shape must have 2 pairs of parallel sides. Which two
shapes are being described?
A. Rhombus, rectangle B.square, rhombus C. Square,parallelogram D. Rectangle, trapezoid

Answers

Answer:

Step-by-step explanation:

d

Three students have already enrolled for a creative writing class. The teacher will cancel the class if there are fewer than 10 students enrolled. Write three values for numbers of students needed to sign up so that the the creative writing class can be held

Answers

Answer:

7, 10 and 15

Step-by-step explanation:

Given

[tex]S_1= 3[/tex]  --- Students already enrolled

[tex]Total = 10\ (less)[/tex]

Required

Determine the additional number of students needed for the teacher not to cancel the class

First, we need to calculate the number of students for the teacher to cancel the class.

Represent this with x.

So, we have:

[tex]S_1 + x < Total[/tex]

Make x the subject

[tex]x < Total - S_1[/tex]

Substitute values for Total and S1

[tex]x < 10 - 3[/tex]

[tex]x < 7[/tex]

This means that if less than 7 additional students come to the class, the teacher will cancel the class.

So, for the teacher not to cancel the class, the students must be 7 or greater (i.e. 7, 8, 9, 10....)

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