Jasmine is taking out a small business loan for her floral shop. She plans to apply for a $30,000 loan with a 5-year term and a 3.75% interest rate. She is unsure of her expected monthly profits, so she wants to know the benefit of a smaller loan. Using the loan amortization formula, how much money would Jasmine save over the life of the loan if she were to borrow $10,000 less?

Answers

Answer 1

Answer:

Monthly pay = int. rate / 12 months * cost of car after downpayment / (1-(1+ int. rate/12 months)^( - term length of loan )

Step-by-step explanation:

Just plug in your numbers:

M = 0.0375/12 * 30000/(1-(1+.0375/12)^60)

since 5 years is 60 months


Related Questions

3. A bag contains 46 blue ballons, 30 red ballons, and 24 purple ballons.
What is the probability of choosing a red ballon as a fraction in lowest
terms ? *
A 3 out of 10
B 3 out of 7
C 1 out of 3
D 1 out of 4

Answers

A because all of the numbers add up to 100 and there is 30 red so that would make it 30/100 and simplified it would be 3/10

Oak Street and Elm Street run parallel to each other. When Main Street
intersects them, it forms interior 26, measuring 70°. What is the measure of
24?

Answers

Answer:

110°

Step-by-step explanation:

The consecutive interior angles theorem states that when two parallel lines are cut by a transversal, the pair of angles formed which lie inside the parallel lines  on the same side of the transversal are known as consecutive interior angles. This consecutive interior angles are supplementary (that is add up to 180°).

Therefore:

∠4 and ∠6 are consecutive interior angles. Hence:

∠4 + ∠6 = 180° (sum of co-interior angles)

∠4 + 70 = 180

∠4 = 180 - 70

∠4 = 110°

Answer:

110°

Step-by-step explanation:

a p e x

What is the value of X?

Answers

X would = 1/3 if this isn’t right tell me

The answer is x = 11/36

lt is 100% right

Please PLEASE HELPPP!!!!!!

Answers

Answer:

5/2

Step-by-step explanation:

10 multiplied by 5/2 gives us 25, so the scale factor is 5/2.

Gravitational potential energy and kinetic energy make up what type of energy?

A. mechanical
B. chemical
C. electrical
D. sound

Answers

Answer:

A

Step-by-step explanation:

i hope this is right

2(5x+3) ? what is the question ​

Answers

Hey there!

“2 (5x + 3)”

• FIRST and ONLY STEP: DISTRIBUTE 2 to ALL OF YOUR NUMBERS in the parentheses

2(5x) + 2(3)

2(5x) = 10x ⬅️ FRONT number

2(3) = 6 ⬅️ BACK number

BOTH OF YOUR NUMBERS ARE POSITIVE SO WE DON’T HAVE TO CHANGE ANYTHING

Answer: 10x + 6 ☑️

Good luck on your assignment and enjoy your day!

~LoveYourselfFirst:)

Answer:

10x+6

Step-by-step explanation:

you have to multiply 2 times 5 then 2 times 3 then multiply 10 times x and write 6 beside it.

2. Lorena is trying to choose between two different savings accounts at H-Town Bank. She will deposit $3,500 dollars and will leave the money in the account for 12 years. There will be no additional money deposited or withdrawn from the account.​

Answers

Answer:

First of all, this question is not complete. So, we will be hypothetically create two accounts and try to choose the one with the greater profit.

Choice 1 = X = Final Amount after 12 years = $5600

Choice 2 = Y = Final Amount after 12 years = $6285.50

Hence, Lorena should choose choice 2, as it gives more profit over than choice 1.

Step-by-step explanation:

First of all, this question is not complete. So, we will be hypothetically create two accounts and try to choose the one with the greater profit.

Initial Deposit Amount = $3500

Time period = 12 years

Let's Suppose Lorena has two X and Y choices of accounts at H-town Bank.

X = simple interest of 5% over the initial amount for 12 years.

Y = Compound interest 5% over the initial amount for 12 years.

Solution:

Let's calculate the profit for choice 1 = X

Simple interest = 5%

Initial amount = $3500

Time period = 12 years

Formula = A = P (1 + rt)

where, A = Final amount after 12 years

t = time period in years  = 12

P = initial amount to be deposited = $3500

r = annual interest rate = 5%

Plug in the values to get the total amount.

A = 3500(1+0.05x12)

A = $5600 = final amount Lorena will get after 12 years.

Let's calculate the profit for choice 2 = Y

Compound interest = 5%

Initial amount = $3500

Time period = 12 years

Formula = A = P [tex](\frac{r}{n} + 1)^{nt}[/tex]

where,

A = Final amount after 12 years

t = time period in years  = 12

P = initial amount to be deposited = $3500

r = annual interest rate = 5%

n = number of times interest rate is applied or compounded. = 12

Plug in the values to get the total amount.

A = P [tex](\frac{r}{n} + 1)^{nt}[/tex]

A = $6285.50

Hence, Lorena should choose choice 2, as it gives more profit over than choice 1.

Plssssssssssssss help meeeeeeee

Answers

Answer: $10

Step-by-step explanation:

So she's spending the money:

150.55 - 45.76 = 104.79

104.79 - 35.00 = 69.79

69.79 - 79.82 = -10.03

After she adds the 20.03 into her bank account, she now has $10

Anyone know the answer ?

Answers

Answer:

74 is the answer

Step-by-step explanation:

64+42=106

180-106=74

hope this helped!

Answer: 74°

42+64=106

180-106=74

I hope this helps :

Size of angle x in 51

Answers

Answer:

32

Step-by-step explanation:

you multiply the x factor

Solve the system of equations by the addition method.

5x + 2y = 1
2x - 2y = -8

Answers

Answer:

(-1, 3)

Step-by-step explanation:

5x + 2y = 1

+

2x - 2y = -8

7x = -7

x= -1

2(-1) - 2y = -8

-2 - 2y = -8

-2y = -6

y = 3

So what is the answer to this question

Answers

Plug in -10 for x
|-10+4| = |-6| = 6
The answer is 6

Answer:

-6

Step-by-step explanation:

Calculate the slope between (-3,1) and (6,13)

Answers

Answer:

4 / 3

Step-by-step explanation:

slope formula: (y2 - y1) / (x2 - x1)

(13 - 1) / (6 + 3)

12 / 9

4 / 3

the answer is 4/3 so there you go

15)
You are asked to solve -10% +15 < -2x - 9. Which three statements are true?
A)
x > 3
B)
X<2
2 is a solution
D)
-8x < -24
3 is not a solution.

Answers

Answer:

A, x>3

Step-by-step explanation:

You solve the equation as normal by crossing out both sides and getting what equals to x, but since you divided by a negative the sign flips and you are left with your answer. Hope this helps!

Help plz ASAP !!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

-2

Step-by-step explanation:

Let's solve your equation step-by-step.

−(3v+1)+7(6v+6)=−37

Step 1: Simplify both sides of the equation.

−(3v+1)+7(6v+6)=−37

−3v+−1+(7)(6v)+(7)(6)=−37(Distribute)

−3v+−1+42v+42=−37

(−3v+42v)+(−1+42)=−37(Combine Like Terms)

39v+41=−37

39v+41=−37

Step 2: Subtract 41 from both sides.

39v+41−41=−37−41

39v=−78

Step 3: Divide both sides by 39.

39v

39

=

−78

39

v=−2

Answer:

v=−2

Answer:-2

Step-by-step explanation:

What is the slope intercept in equation y = x-4

Answers

Answer:

Y = x - 4

Step-by-step explanation:

it’s already in y = Mx + b form

2n -1 | 18
n?
please fast!

Answers

Answer:

Step-by-step explanation:

2n-1=18n

18n-2n=16m

-1/16=16n

14a + 8
Factor the Algebraic Expression ​

Answers

Answer:

Step-by-step explanation:

2 is the largest shared factor.  Thus, the given 14a + 8 = 2(7a + 4).

Solve the system of equations.

Answers

Answer:

x = -2y

Step-by-step explanation:

Step 1. x + 2y = 0

Step 2. x + 0 = -2y

Step 3. x = -2y

please help me answer this question its urgent

Answers

Answer:

Step-by-step explanation:

1). [tex]\frac{2}{3}n-\frac{3}{4}n+\frac{1}{6}n+2\frac{2}{9}n[/tex]

= [tex]\frac{2}{3}n-\frac{3}{4}n+\frac{1}{6}n+(2+\frac{2}{9})n[/tex]

= [tex](\frac{2}{3}-\frac{3}{4}+\frac{1}{6})n+(2+\frac{2}{9})n[/tex]

= [tex](\frac{8}{12}-\frac{9}{12}+\frac{2}{12})n+(2+\frac{2}{9})n[/tex]

= [tex]\frac{(8-9+2)}{12}n+(2+\frac{2}{9})n[/tex]

= [tex]\frac{1}{12}n+(2+\frac{2}{9})n[/tex]

= [tex](\frac{1}{12}+2+\frac{2}{9})n[/tex]

= [tex](\frac{3}{36}+\frac{72}{36}+\frac{8}{36})n[/tex]

= [tex]\frac{83}{36}n[/tex]

= [tex]2\frac{11}{36}n[/tex]

2). [tex]\frac{2}{5}g-\frac{1}{6}-g+\frac{3}{10}g-\frac{4}{5}[/tex]

= [tex](\frac{2}{5}-1+\frac{3}{10})g-(\frac{1}{6}+\frac{4}{5})[/tex]

= [tex](\frac{4}{10}-\frac{10}{10}+\frac{3}{10})g-(\frac{5}{30}+ \frac{24}{30})[/tex]

= [tex](\frac{4-10+3}{10})g-(\frac{5+24}{30})[/tex]

= [tex]\frac{-3}{10}g-\frac{29}{30}[/tex]

= [tex]-\frac{3}{10}g-\frac{29}{30}[/tex]

3). [tex]i+6i-\frac{3}{7}i+\frac{1}{3}h+\frac{1}{2}i-h+\frac{1}{4}h[/tex]

= [tex]7i-\frac{3}{7}i+\frac{1}{2}i+\frac{1}{3}h-h+\frac{1}{4}h[/tex]

= [tex](7-\frac{3}{7}+\frac{1}{2})i+(\frac{1}{3}-1+\frac{1}{4})h[/tex]

= [tex](\frac{98}{14} -\frac{6}{14}+\frac{7}{14})i+(\frac{4}{12}-\frac{12}{12}+\frac{3}{12})h[/tex]

= [tex](\frac{98-6+7}{14})i+(\frac{4-12+3}{12})h[/tex]

= [tex]\frac{99}{14}i-\frac{5}{12}h[/tex]

5. The point (-7, 4) is reflected over the line x = -3. Then,
the resulting point is reflected over the line y = x. Where
is the point located after both reflections?
A. (-10,-7)
B. (1,4)
C. (4, -7)
D. (4,1)

Answers

Answer:

(4,1)

Step-by-step explanation:

Reflected over x = -3, new point : (1,4)

Reflected over y=x, new point = (4,1)

pls help I need it badly ​

Answers

Answer:

3.6

Step-by-step explanation:

i need help plsssssssss​

Answers

Answer:

Step-by-step explanation:

Does the following table represent a FUNCTION?
X
y
-6
13
-4
18
-2
25
0
34
2
45
4
58

Answers

Answer:

19239 847463626161615 u 12234432485757

Step-by-step explanation:

por eso es 25

i'll give brainliest

Answers

Answer:

A. 50.3 meters

What’s the slope of this ?

Answers

Step-by-step explanation:

The two given equations have slope -1/2 and 2 and are perpendicular lines.

The lines on the graph are different from the equations at left.

Their slopes are 2 and 1/2. Since they are not opposite reciprocals, they are not perpendicular.

The function can be used to determine the milligrams D of a certain drug in a patient's bloodstream h hours after the drug has been given. How many milligrams (to two decimals) will be present after

Answers

Answer: 0.09 mg

Step-by-step explanation:

To find out the milligrams in the blood after 10 hours you just need to replace the 'h' in the equation to 10.

= 5e⁻⁰°⁴ˣ¹⁰

= 5e⁻⁴

= 0.09157819444

= 0.09 mg

what is 14=4xb+3
-------------------------------

Answers

Answer:

Step-by-step explanation:

help me please!!! will give brainliest!!​

Answers

Answer:

what questions you need answers?

Question 7 of 10
What is the solution to this equation

Answers

Answer:

x = 4

Step-by-step explanation:

x + 4(x+5) = 40 (Given)

x + 4x + 20 = 40 (Distribute the 4 into the x and 5)

5x + 20 = 40 (Add like terms)

5x = 20 (Subtract 20 on both sides)

x = 4 (Divide 5 on both sides)

Other Questions
the volume of a box is 45x^3 + 198x^2 + 189x. find expressions for the possible dimensions of the prism Question 9 of 10Fill in the blank in the following sentence with the appropriate word below.Note the hint in parentheses.(mine).Los pantalones no son tuyos. SonA. nuestrosB. mosC. suyosD. masSUBMIT A company wants to test clear deck sealants for weather resistance. Three brands of sealants will be tested using 60 pieces of decking wood. The company wants to create treatment groups of 20 pieces of wood each, and decide to randomize using slips of paper. Select all the approaches that would result in comparable treatment groups. The numbers 1, 2, and 3 are each written on 20 slips of paper, and the slips are placed in a hat and shaken well. The top piece of wood from a stack is selected and a slip of paper is drawn from the hat. That piece of wood is assigned to the group number on the slip. The slip of paper is returned to the hat. This continues until all pieces of wood have been assigned to a group. The numbers 1, 2, and 3 are written on three slips of paper, put into a hat, and shaken well. A slip is drawn and the first 20 pieces of wood on the stack are assigned to the group number on the slip. Another slip is drawn and the next 20 pieces of wood are assigned to that group. The remaining pieces of wood are assigned to the remaining group. Each piece of decking wood is assigned a number from 1 to 60. The numbers 160 are written on slips of paper and placed in a hat and shaken well. Twenty slips are drawn, shaking the hat after each slip of paper is drawn, and the pieces of wood corresponding to those numbers are placed in group 1. Twenty more slips are drawn in the same way, and the pieces of wood corresponding to those numbers are placed in group 2. The pieces of wood corresponding to the numbers on the remaining slips are placed in group 3. The numbers 1, 2, and 3 are each written on 20 slips of paper (20 for each number) and the slips are placed in a hat and shaken well. The top piece of wood from a stack is selected, and a slip of paper is drawn from the hat. That piece of wood is assigned to the group number on the slip. The slip of paper is not returned to the hat. This continues until all pieces of wood have been assigned to a group. Name the process in plants that make glucose? A mother otter spends 1/3 of each day feeding her baby. How many hours does the mother otter spend feeding her baby in 1 week? If the assets of a business stay the same from one month to the next and the liabilities increase, theowner's equity will decrease.TrueFalse What is the slope of the line Select all of the solutions to the equation below.12x2=2423232222 helpp pls .. Which statement is true about the process shown? My videos keep freezing on Brainly? why is it important that the skin on dough holds in carbon dioxide ? (2k^3 - 7k^2 + 3k) - (-4k^2 + 5k) in polynomial standard form PLEASE HELP How did Western political ideals lead to the rise of African nationalism and spur resistance to colonization? PLEASE HELP WILL GIVE BRAINLIEST FILE IS ATTACHED a car accelerate at 9 m/s squared. Assuming the car starts from rest how far will it travel in 10 seconds -324/18Plz show all the steps of how you got the answer. An air conditioning system can circulate 420 cubic feet of air per minute. How many cubic yards of air can it circulate per minute? What are the names of the U.S. presidents who have been assassinated? Why did Houston not back to back terms? (Thats how the question was written lol) Usually Holly leaves home to school at 9:00, however today she left home 20 minutes later. In order to be at school on time she increased her usual speed by 20% and still was at school 15 minutes later than usual. What is her usual time from home to school