Jaime needs a new roof on her house. The cash cost is $7500. She decides to finance the project by paying 20% down , with the balance paid in 36 monthly payments of $189.40. (a) What finance charge will Jaime pay? (b) What is the APR to the nearest half percent ?

Answers

Answer 1

Answer:

(a) What finance charge will Jaime pay?

$818.4

(b) What is the APR to the nearest half percent ?

8.5%

Step-by-step explanation:

(a) What finance charge will Jaime pay?

The cash cost is $7500. She decides to finance the project by paying 20% down

Amount paid for down payment = $7500 × 20/100

= $1500

Amount left = $7500 - $1500

= $6000

The balance paid in 36 monthly payments of $189.40.

Hence: $189.40 × 36 = $6818.4

The finance charge = $6818.4 - $6000

= $818.4

(b) What is the APR to the nearest half percent ?

Step 1

Finance charge/ Amount left × 100

= 818.4/6000 × 100

= 13.64

Using the APR table:

The APR to the nearest half percent = 8.5%


Related Questions

A scientist needs 10 liters of a 20% acid solution for an experiment, but she has only a 5% solution and a 40% solution. To the nearest tenth of a liter, about how many liters of the 5% and the 40% solutions should she mix to get the solution she needs? Write and solve an equation to match the situation.

Answers

Answer:

5% solution needed = 5.7 liters

40% solution needed = 4.3 liters

Step-by-step explanation:

Let the amount of 5% solution is needed = x liters

And the amount of 40% solution is needed = y liters

Concentration of the final solution = 20%

5x + 40y = 20(x + y)

x + 8y = 4(x + y)

4y = 3x

x = [tex]\frac{4}{3}y[/tex] -------(1)

Total volume of the final solution needed = 10 liters

Therefore, x + y = 10 --------(2)

Now substitute the value of x from equation (1) to equation (2).

[tex]\frac{4}{3}y+y=10[/tex]

[tex]\frac{7}{3}y=10[/tex]

y = 4.3 liters

From equation (2),

x + 4.3 = 10

x = 5.7 liters

Given the points: (-2, 0) and (4,8) find the slope

Answers

Answer:

1&1/3

Step-by-step explanation:

(y2 - y1) / (x2 - x1)

(8 - 0) / (4 +2)

8/6

1 1/3



B. In Buffalo, New York, the temperature was -14°F in the morning. If the temperature

dropped 7°F, what is the temperature now? ​( 1 mrks)


Answers

It would be -7f degrees because -14-7 would equal -7

Answer:

-21

Step-by-step explanation go up in negitive #s  just stay in negitive  

-14,-15,-16,-17,-18,-19,-20,-21!

If ∠1 and ∠2 are complementary, m∠1 = (8x-6)°, and m∠2 = (14x+8)°
URGENT PLEASE HELP

Answers

Answer:

D

Step-by-step explanation:


Find the quotient 122 and -2.
A. 124
B. 61
C. 61
D. 120

Answers

Answer:

C

Step-by-step explanation:

The true answer is -61

Tip: If you want the correct answer you can not have a typo. Just a heads up.

Liam had a container of oatmeal that contained 5 and one-half cups of oatmeal. Liam ate StartFraction 4 over 9 EndFraction cup of oatmeal every morning before school for a week. Which is the best estimate of the number of cups of oatmeal that Liam had left in the container at the end of the five-day week?

Answers

Answer:

3 5/18

Step-by-step explanation:

Liam had a container of oatmeal that contained 5 and one-half cups of oatmeal.

= 5 1/2 cups of oatmeal

Liam ate StartFraction 4 over 9 EndFraction cup of oatmeal every morning before school for a week.

= 4/9 cup of oatmeal for a week

Which is the best estimate of the number of cups of oatmeal that Liam had left in the container at the end of the five-day week?

5 1/2 - 5( 4/9)

11/2 - 20/9

= L.C.M of the denominators = 18

= 9 × 11 - 20 × 2/28

= 99 - 40/18

= 59/18

= 3 5/18

The best estimate of the number of cups of oatmeal that Liam had left in the container at the end of the five-day week is

3 5/18 cups of oatmeal

Answer:

Step-by-step explanation:

2 1/2 is the answer

5.) Which point on the number line below
represents ?
A
В с
D
0
1
2
3
4
a) Point A
c) Point C
b) Point B
d) Point D

Answers

The answer is a) Point A
the answer is point a .

Write the equation of a line with a slope of 1/4 and a y-intercept of -5 in slope intercept form.

Answers

Answer:

y=1/4x-5

Step-by-step explanation:

slope goes before x and y intercept is the number with no variable.

ok there’s the science slides , and i think they are quite easy i just need some help bc im lazy . ik this is the math thing but

Answers

Answer:

just look up the answers on google

Step-by-step explanation:

-(x-7) + (5/3) = 2(x+9) wht does x equal

Answers

Answer:

-28/3=x

Step-by-step explanation:

-(x-7) + (5/3) = 2(x+9)

-x+7+5/3=2x+18

7+5/3=2x+18-x

7+5/3=x+18

5/3=x+18-7

5/3=x+11

5/3-11=x

Ahora todo se pasa a base 3

[tex]\frac{5-33}{3}[/tex]=x

-28/3=x

Elizabeth made 80 cookies for the bake sale at school. She sold 35% of the cookies. How many cookies are left to sell tomorrow?

Answers

She has 56 cookies left

What operation is happening in an additive pattern??

Multiplication
Subtraction
Addition
Division ​

Answers

Addition



Reason: because

The sum of two complementary angles is 90° Angle A is represented by 3x - 10, and Angle B is represented by x. Solve for x Hint: combine the 2 angles and set equal to 90​

Answers

Angle A = 3x - 10

Angle B = x

Their angle sum = 90° ( complementary angles form 90° )

This can be written in an equation as =

= 3x - 10 + x = 90

= 3x + × + ( -10 ) = 90

= 4x + (-10) = 90

= 4x = 90 + 10 ( transposing-10 from LHS to RHS changes-10 to +10 )

= 4x = 100

= x = 100 ÷ 4 ( transposing ×4 from LHS to RHS changes ×4 to ÷4 )

= x = 25

Angle A = 3x - 10

= 3 × 25 - 10

= 75 - 10

= Angle A = 65°

Angle B = x = 25°

Their sum = 65 + 25 = 90°

Therefore , the complementary angles , Angle A = 65° and Angle B = 25° .

A triangle has the vertices A (-2, 4), B (-2,-2), and C (2,-2). If the triangle undergoes a dilation and has new vertices A' (-1, 2), B'(-1,-1), and C' (1, -1), what is the scale factor?

A) 1/2
B) -1/2
C) 2
D) -2​

Answers

Answer: Its A

Step-by-step explanation:

Help I need help on this question

Answers

Answer:

1/3 is the y intercept

Step-by-step explanation:

f(x) = -2/9x + 1/3

This is written in slope intercept form

y = mx+b where m is the slope and b is the y intercept

-2/9 is the slope and 1/3 is the y intercept

Robert is moving and must rent a truck. In addition to an initial fee, the rental company charges a fee of $1.50 per mile driven. If Robert were to drive 4 miles, the total cost would be $26. Write an equation for C,C, in terms of m,m, representing the total cost of renting the truck if Robert were to drive mm miles.

Answers

Answer: C = $20 + $1.50(m)

Step-by-step explanation:

Let the initial fee be represented as y.

Based on the question, the rental initial fee will be calculated as:

y + $1.50(4) = $26

y + $6 = $26

y = $26 - $6

Initial fee = $20

If Robert were to drive m miles, the cost will be:

C = $20 + $1.50(m)

Which expression represents “7 more than x” 7+x x-7
x÷7 7x

Answers

Answer:

7+x

Step-by-step explanation:

this could also be written as “x + 7” and it means 7 more than (+) x

Answer:

It is 7+x (✿◠‿◠)

It cost Samantha $4.23 to send 47 text messages. How much does each text cost to send?

Answers

Answer:

456

Step-by-step explanation:

Answer:

i think its 0.09

Step-by-step explanation:

Olivia and her family are planning a vacation that involves water skiing. Water Sports and More charges $20.50 for the ski rental (one-time fee) and $12.25 an hour to rent the boat.

Complete the table to determine the total cost for 1, 2, 3, and 4 hours.

Answers

Answer:

Step-by-step explanation:

Let the number of hours used to rent the boat be represented by h.

Since Water Sports and More charges $20.50 for the ski rental (one-time fee) and $12.25 for every hour used, the expression to calculate the cost for hours used will be:

= $20.50 + $12.25h

where h = number of hours used.

The cost for 1 hour will be:

= $20.50 + $12.25h

= $20.50 + $12.25(1)

= $20.50 + $12.25

= $32.75

The cost for 2 hours will be:

= $20.50 + $12.25(2)

= $20.50 + $24.50

= $45

The cost for 3 hours will be:

= $20.50 + $12.25h

= $20.50 + $12.25(3)

= $20.50 + $36.75

= $57.25

The cost for 4 hours will be:

= $20.50 + $12.25h

= $20.50 + $12.25(4)

= $20.50 + $49

= $69.50

=

Pls halp,due today thank uu

Answers

2/3 ,y intercept= (0,-2) , y=-2

help me pllsssssss i am havig trouble

Answers

Answer:

First line

Step-by-step explanation:

It's an X-intercept line so you're plugging in the number that the dot is on in place of the X in the formula

The answer is the First line

The parking garage at the airport has 160 empty parking spaces and 240 full parking spaces. What percentage of the spaces in the garage are empty?

Answers

The answer is 66.67%

find the value of x - PLEASE HELP

I need to show my work -

Thank you!!

Answers

Answer:

360=297+(x-36)+25

360=297+25-36+x

360=286+x

360-286=x

74=x

Answer:

x = 74 degree

Step-by-step explanation:

All those angles must add up to 360 degrees:

360 degrees  =  (297 + x - 36 + 25) deg, or

360 = 297 - 36 + 25 + x, or

x = 74 degrees

Maritza found a bike at the mall for $85.00. The sales
tax is 6%. After taxes, how much will she have to pay for
the bike?

Answers

The total should be $90.1

You can use a calculator to find this. Type in 85-6%=5.1
5.1 is 6% of 85
So, 5.1+85= $90.1

i hope this helps and i'm sorry if it's wrong!

704% into a fraction

Answers

Answer:

7 4/100

Step-by-step explanation:

[tex] \green {\boxed{Answer}}[/tex]

[tex] = 704\%[/tex]

[tex] = \frac{704}{100} [/tex]

[tex] = \frac{704 \div 4}{100 \div 4} [/tex]

[tex] = \frac{176}{25} [/tex]

[tex] = 7 \frac{1}{25} [/tex]

#IfWrongPleaseReport

#StudyTogetherWithMe

#ILoveMath

PLEASE HELP IF YOU GET RIGHT I GIVE BRAINLIEST

Answers

Answer:

i think 36

Step-by-step explanation:

brainliest?

Answer: 36

Step-by-step explanation:

45-27=18

18+18=36

PLZ HELP DUE IN 20 MINS

The figure shows three quadrilaterals on a coordinate grid:
Which of the following statements is true about the three quadrilaterals? (4 points)

a
D and E are similar but not congruent.

b
E and F are similar and congruent.

c
D and E are similar and congruent.

d
F and D are similar but not congruent.

Answers

Answer:

B.

Step-by-step explanation:

It was just angled in a different way

What is the simplified expression for
44 • 43 45

Answers

The third one, 4^2 is the answer. Let me know if I got wrong

Answer:

D

Step-by-step explanation:

the simplified version is 16 I'm not sure tho.

The time that it takes a randomly selected job applicant to perform a certain task has a distribution that can be approximated by a normal distribution with a mean value of 110 sec and a standard deviation of 15 sec. The fastest 10% are to be given advanced training. What task times qualify individuals for such training? (Round the answer to one decimal place.) seconds or less

Answers

Answer:

The task times is  [tex]x =90.77 \ s[/tex]

Step-by-step explanation:

From the question we are told that

   The mean is  [tex]\mu  =  110 \ sec[/tex]

   The standard deviation is  [tex]\sigma =  15 \  sec[/tex]

 

Generally the task times that qualify individuals for such training is mathematically represented as

      [tex]P(X  <  x) =  0.10[/tex]

=>    [tex]P(X  <  x) = P( \frac{X - \mu}{\sigma }  <  \frac{x - 110}{15} )  = 0.10[/tex]

Generally [tex]\frac{X - \mu}{\sigma }   = Z (The  \ standardized \  value  \  of  X )[/tex]

=>   [tex]P(X  <  x) = P( Z <  \frac{x - 110}{15} )  = 0.10[/tex]

Generally the z -score   of  0.10  from the z-table  is

      [tex]z -score =  -1.282[/tex]  

So

      [tex]\frac{x - 110}{15}   =  -1.282[/tex]

=>    [tex]x =90.77 \ s[/tex]

Whoever gets correct answer gets marked brainliest!! Please answer asap!
Use the graphs of f and r to describe the transformation from the graph of f to the graph of r
f(x)=2/3x+1
r(x)=3f(x)

Answers

Answer: vertical stretch by 3

Step-by-step explanation:

when g(x) = a*f(x), the graph of g(x) is vertically stretched by a

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