PLEASE HELP


Meryl buys new baseball equipment for $2000. The purchase made is with a credit card that has a 19% APR. Meryl makes a $150 payment monthly. How many months will it take Meryl to pay off the balance?

Answers

Answer 1

Answer:

It will take Meryl 15.09 months to pay off the balance.

Step-by-step explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the cost of the new baseball equipment = $2000

P = Monthly payment = $150

r = Monthly interest rate = annual percentage rate (APR) / 12 = 19% / 12 = 0.19 / 12 = 0.0158333333333333

n = number of months it will take Meryl to pay off the balance = ?

Substitute the values into equation (1) and solve for n, we have:

2000 = 150 * ((1 - (1 / (1 + 0.0158333333333333))^n) / 0.0158333333333333)

2000 / 150 = (1 - (1 / 1.0158333333333333)^n) / 0.0158333333333333

13.3333333333333 = (1 - 0.984413453650536^n) / 0.0158333333333333

13.3333333333333 * 0.0158333333333333 = 1 - 0.984413453650536^n

0.21111111111111 = 1 - 0.984413453650536^n

0.984413453650536^n = 1 - 0.21111111111111

0.984413453650536^n = 0.78888888888889

loglinearize both sides, we have:

nlog0.984413453650536 = log0.78888888888889

n = log0.78888888888889 / log0.984413453650536

n = -0.102984160720249 / -0.00682245957075587

n = 15.0948729929724

Rounding to 2 decimal places, we have:

n = 15.09

Therefore, it will take Meryl 15.09 months to pay off the balance.


Related Questions

Ted puts songs A B and C on shuffle play. How many possible orders of songs can there be

Answers

Answer:

6

Step-by-step explanation:

1.A,B,C

2.C,B,A

3.A,C,B

4.B,A,C

5.B,C,A

6.C,A,B

Write with a single exponent
b. 1/10•1/10•1/10•1/10•1/10•1/10•1/10=

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Answer:

1 x 10^-7

Step-by-step explanation:

Answer:

l;komjni

Step-by-step explanation:

What is perimeter of the semi circle?

Answers

Answer:

54.22 mm

Step-by-step explanation:

Find the circumference of the circle and then divide it by 2.

We start with the formula for the circumference for the circle:

C = 2πr

To find r, divide 22 by 2:

22/2=11

Now find the cicumference:

C = 2πr = 2(3.14)(11) = 108.46 mm

NOW, to find the perimeter of the semicircle, divide the circumference by 2:

108.46/2 = 54.22 mm

What is the perimeter of a square if the length of one of the diagonals is 12 cm?
6v2 cm
2412 cm
48 cm
24 cm

Answers

Answer:

Step-by-step explanation:

Use Pythagorean theorem to find the length of the square.

Length of the square = a

a² +a² = diagonal²

2a² = 12²

2a² = 144

a² = 144 ÷ 2

a² = 72

[tex]a =\sqrt{72}\\\\ = \sqrt{2*2*2*3*3}\\\\ = 2*3\sqrt{2}\\\\a = 6\sqrt{2}\\\\\\\\Perimeter= 4a\\\\ = 4*6\sqrt{2}\\\\= 24\sqrt{2} cm[/tex]

if x + 1/x = 5, find the value of x^3 + 1/x^3

Answers

Answer:

x=5/3 your answer right answer

Answer:

110

Step-by-step explanation:

The expansion (a + b)³ is

(a + b)³ = a³ + b³ + 3ab(a + b)

Then

(x + [tex]\frac{1}{x}[/tex] )³ with a = x and b = [tex]\frac{1}{x}[/tex]

= x³ + [tex]\frac{1}{x^3}[/tex] + 3x . [tex]\frac{1}{x}[/tex] (x + [tex]\frac{1}{x}[/tex] )

Thus

x³ + [tex]\frac{1}{x^3}[/tex] = (x + [tex]\frac{1}{x}[/tex] )³ - 3(x + [tex]\frac{1}{x}[/tex] )

           = 5³ - 3(5)

           = 125 - 15

           = 110

Let g(x) be the reflection across the x-axis of the function f(x) = 7x + 3. Identify the rule for g(x).

Answers

Answer:

(x,y) => (x, -y)

Step-by-step explanation:

[tex]y = 7x + 3[/tex]

[tex] - y = 7x + 3[/tex]

[tex]y = - 7x - 3[/tex]

so

[tex]g(x) = - 7x - 3[/tex]

Hence, [tex]g(x) = - 7x - 3[/tex].

What is the function?

Functions are often defined by a formula that describes a combination of arithmetic operations and previously defined functions; such a formula allows computing the value of the function from the value of any element of the domain.

Here given that,

Let [tex]g(x)[/tex] be the reflection across the x-axis of the function [tex]f(x) = 7x + 3[/tex]. Identify the rule for [tex]g(x)[/tex].

So,

[tex]y = 7x + 3\\-y= 7x + 3\\y = - 7x - 3\\g(x)=- 7x - 3[/tex]

Hence, [tex]g(x) = - 7x - 3[/tex].

To know more about the function

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#SPJ2

Is this number prime or composite 70

Answers

70 is a composite number because it can be divided by numbers other than one and itself.

Answer:

70 is composite

Step-by-step explanation:

Its last digit is 0. That means it's 100% composite.

David Smith and his 2 children are going to a zoo.The admission price is:
Adult: £60
Child: £45
David has a family discount card.
Family Discount Card gives
1/4
off adult price
40% off child price
Work out the total price David pays after using his discount card

Answers

Answer:

£101

Step-by-step explanation:

60 divided by 4 = 15

15 x 3 = 45

£45 = adult price

10% of £45 = £4.50

40% of £45 = £18

£45 - £18 = £27

£27 = 1 child ticket

£27 x 2 = £56

£56 = two child tickets

£56 + £45 = £101

12. Used to prove that a conjecture is false.
a) Counterexample
c) Concluding statement
b) Inductive Reasoning
d) Conjecture

Answers

Answer:

A. Counterexample

Step-by-step explanation:

ounterexample can be a drawing, a statement, or a number.

help click all the questions

Answers

Answer:1,grams 2,b 3, id k srry

Step-by-step explanation:

8. A
9. B
10. B
(i think..)

One of the legs of a right triangle measures 7 cm and the other leg measures 17 cm.
Find the measure of the hypotenuse. If necessary, round to the nearest tenth.

Answers

Answer:

18.4

Step-by-step explanation:

By using the pythagorean theorem (a^2 + b^2 = c^2)

Which statement describes the translation from the graph of y = |x| to the graph of y = |x - 1| - 5?

Answers

Answer: Shift 1 unit right and 5 units down

Step-by-step explanation:

A train is traveling at 30 miles per hour.

How long will it take the train to travel 180 miles?
FREE BRAINLIEST!!!

Answers

Answer:

Six hours

Step-by-step explanation:

Answer:

6 Hours

Step-by-step explanation:

If the train travels at 30mph for 6 hours it will have traveled 180 miles.

30 • 6 = 180

I hope this helps

Simplify (p^2)^5
Paper one maths gcse question higher

Answers

Answer:

the answer is p^10 I put the explanation up

An Atlanta football player averages 67 attempts for 518 yards. The team needs 39 yards to win the bowl game, Calculate how many attempts will be needed if the footbo player keeps the ball moving at the same rate.​

Answers

518/67 = approximately 7.7313 yards per attempt

39/7.7313 = 5.0444 attempts

Expand the following 2(x-6)

Answers

2x-12

You multiply everything in the bracket by 2
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Consider the sequence shown.

436, 218, 109, 54.5, 27.25,...



Select the correct explicit formula for the sequence.

a
g_n=436·0.5^{(n-1)}

b
g_n=0.5·436^{(n-1)}

c
g_n=436·2^{(n-1)}

d
g_n=2·436^{(n-1)}

Answers

Answer:

[tex](a) \to \: g_n=436·0.5^{(n-1)}[/tex]

i think the answer is

A.gn =436 . 0.5 (n-1)

Ethan has $620 to spend at a bicycle store for some new gear and biking outfits. Assume all prices listed include tax. He buys a new bicycle for $427.57. He buys 4 bicycle reflectors for $11.38 each and a pair of bike gloves for $31.41. He plans to spend some or all of the money he has left to buy new biking outfits for $57.75 each. Write and solve an inequality which can be used to determine oo, the number of outfits Ethan can purchase while staying within his budget.

Answers

Answer: 620≥ 427.57+ 11.38(4)+ (31.41) +57.75x

Step-by-step explanation:

So our limit is the 620$ that he has to spend. We know for a fact that the bike costs about 427.57 dollars. 4  $11.38 reflectors are purchased as well as gloves for 31.41.  Now however many outfits he can purchase cannot exceed or go over his money limit of 620 so the variable (x) represents how many outfits he can buy without going over.

We are required to write an inequality for the problem and also solve it

The number of biking outfit Ethan can purchase is 2

Given:

Total amount Ethan has = $620

Amount of bicycle = $427.57

Bicycle reflector = $11.38

Cost of 4 Bicycle reflector = $11.38 × 4

= $45.52

Cost of bike glove = $31.41

Cost of biking outfit = $57.75

Write an inequality to solve for the number of biking outfit Ethan can purchase

let

x = number of biking outfit Ethan can purchase

620 ≥ 427.57 + 45.52 + 31.41 + 57.75x

620 ≥ 504.5 + 57.75x

620 - 504.5 ≥ 57.75x

115.5 ≥ 57.75x

x ≥ 115.5 / 57.75

x ≥ 2

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An animal shelter currently has 20 cats and 25 dogs. what is the ratio of cats to dogs? (PLEASE ANSWER QUICKLY)

Answers

Answer:

4:5

...................

Match the following expression 12(x-3)+18=4(2x-3) with the number of solutions below.
A.One solution?
B.No solution ?
Or
C.All solution?

Answers

12(x-3) + 18 = 4(2x-3)

12x-36+18 = 8x-12

12x -18 = 8x-12

12x-8x = -12 + 18

4x = 6

x = 6/4 or 3/2

one solution A

Answer:

3/2, one solution.

Step-by-step explanation:

12(x-3)+18=4(2x-3)

12x-36+18=8x-12

12x-8x-18=-12

4x-18=-12

4x=-12+18

4x=6

x=6/4

simplify

x=3/2

Can someone smart at math help me cause a girl tried and can’t do this vodo thing my teacher gives me

Answers

3: t will equal 60°
180 divided by 3 is 60

HELP ME 7th grade math
What is the total amount of cardboard needed to manufacture this polyhedron? (Find the surface area)
​Plz answer

Answers

the answer is 62.715 :)

A concert venue has 20 seats in the first row and an 5 additional seats in each successive row. If there are 35 rows of seats then how many people can attend a sold-out show? 3,675 190 2,100

Answers

Answer:

3,675 people

Step-by-step explanation:

First row, a = 20

Common difference, d = 5

number of terms, n = 35

Sn = n/2 {2a + (n - 1)d}

= 35/2 {2*20 + (35 - 1)5}

= 35/2 {40 + ( 34)5}

= 17.5(40 + 170)

= 17.5(210)

= 3,675 people

The answer is actually 3675.

My reasoning: Plug it in and you shall see!

ay you should help me with this tyty

Answers

Answer:

C. [tex]m=20[/tex], [tex]n=10[/tex]

Step-by-step explanation:

Since the triangle is a special 30°-60°-90° triangle, the hypotenuse is twice the size of the shortest leg. The long leg is [tex]\sqrt{3}[/tex] of the short leg.

Solve using elimination.
-6x + 2y = 14
x + 4y = -11

Answers

Answer:

8x+6y=-11

Step-by-step explanation:

collect like terms

the answer is X=-3 Y=-2 hope that helped

Please help due in 10 minutes!!!!!!!

Answers

Answer:

23.42 ft is the perimeter of the hole that should be cut in the wall.

How do you find the experimental probability?

Answers

Conduct an experiment and record the number of times the event occurs and the # of times the activity is performed then divide the two numbers to obtain the Experimental Probability.

En una fabrica de cajas se producen 356 cajas por semana.¿Cuantas cajas se producen por mes?

Answers

Answer:

1.424

Step-by-step explanation:

solo multiplica 356x4

si no saben no contesten

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I know this one it is on the top of my tongue i think it’s 2

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here you go!..........
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