Heather purchased a new $1,500 laptop by using a credit card with a 17% interest rate. She will pay off the balance in 2 years by paying monthly payments of $74.16. Calculate Heather’s total cost of repayment.

Answers

Answer 1

12 months in a year

2 years

2x12=24

74.16x24=1779.84

Answer 2

Heather's total cost of repayment is $1,779.84.

What exactly is a monthly payment?

A monthly payment is a payment made every month to pay off loans or advances. It's similar to EMI.

Given,

Principal = $1,500

Rate = 17% per year (or 0.17 as a decimal)

Time = 2 years

Total interest = (principal × rate × time) / 12

Substitute the given values, and we get:

Total interest = (1500 × 0.17 × 2) / 12 = $51

So, Heather will pay a total of $51 in interest over the two years.

Total repayment = monthly payment × number of months

Here,

Monthly payment = $74.16

Number of months = 2 years × 12 months/year = 24 months

Substitute these values, and we get:

Total repayment = $74.16 × 24 = $1,779.84

Therefore, Heather's total cost of repayment is $1,779.84.

Learn more about the monthly payments here:

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Related Questions

what are three types of sillicones​

Answers

Answer:

Silicone types in common use in the industry include:

High Modulus.

Low modulus.

Neutral cure.

Acetoxy cure.

Hope u won't forget to mark brainiest

have a good day!

Starting at n = 1 , find the first 5 members of this sequence : 1+(n-1)2 a. 2,4,6,8,10 b. 1,3,5,7,9 c. 4, 6, 8, 10, 12 d. 3,5,7,9,11

Answers

The answer to this is b

the ratio of two supplementary angles is 3:9 what is the measure of the larger angle

Answers

Answer:

135

Step-by-step explanation:

Ratio = 3 : 9

Angles are : 3x , 9x

3x + 9x = 180         {supplementary angles}

   12x   = 180  {divide both side by 12}

       x = 180/12

x = 15

Larger angle = 9x = 9*15 = 135

Katoomba Scenic Railway in Australia is the steepest railway in the world. The railway makes an angle of about 52 degrees with the ground. The railway extends horizontally about 458 feet. What is the height of the railway? Round your answer to the nearest foot.

Answers

Answer:

The height of the railway = 361 feet

Step-by-step explanation:

This question can be solved by applying the required trigonometric function. Let the height of the railway be represented by h.

Sin θ = [tex]\frac{opposite}{hypotenuse}[/tex]

Sin 52 = [tex]\frac{h}{458}[/tex]

h = Sin 52 x 458

  = 0.788 x 458

  = 360.904

h = 361

So that, the railway is 361 feet high.

WHY IS NO ONE HELPING ME What percentage of people in the survey took echinacea?

Answers

Answer:

30%

Step-by-step explanation:

Hope This Helps : )

Write an essay about your learning on how you solve problems involving integers. (5 points). Take a photo of your answer. (To the Online Teacher please provide a link for submission of output).

Answers

Answer:

to use integers for certain problems and equation on math, i can also use it for future use in life in case i need it, Its very helpful to learn since it isnt that complicated nor hard, its just a good skill to keep in mind as a student.

Which is the most appropriate unit to measure the length of a golf stick?
A) square inches
B) inches
C) square miles
D) miles

Answers

Answer:

b can i have brainly

Step-by-step explanation:

Plz help I’ll give brainliest

Answers

1) slope is 5 and y intercept is -6
2) 0.5
3) statement is false

Answer:

1.-6 is the Y intercept

2.3/14

3.empty set

step by step explanation:

1.Y= mX-B

so B is -6

2.11-2raised3/14

2raised 3 is 8

that means 11-8/14=3/14

3. 7(x+3)= 7x-8

7x+21=7x-8

7x-7x=-8-21

0=-29

over here X is gone its so empty set

I need help identifying the hidden question

Answers

Answer:

Hidden question 1: How much change did Joshua get back after paying for his supplies.

Hidden question 2: How many puppies have spots?

(I hope this is what you meant by hidden questions. If you meant something like rearranging the words I am so sorry.)

PLXXZZ HELPPP.. which is true about the function shown between x=4 and x=6​

Answers

Answer:

function is linear and decreasing

Step-by-step explanation:

as shown in the graph between points (4,0) and (6,0)

Answer:

the answer will be the second one or B

hope its helps

PLEASE ANSWER
What is the perimeter of the parallelogram?

Answers

Answer:

Perimeter = 44.8

Step-by-step explanation:

Perimeter = 2(13.4 + 9) = 44.8

g = -5r + 13
what does g equal to

Answers

Answer:

go to cymath and put your problem in their

Step-by-step explanation:

Number 3 determine the inverse

Answers

Answer:

So Imma use the explanation area to answer this (I'll link a video on how I solved this.)

Step-by-step explanation:

F(x)=1/3(-5x -4)³-3 (Multiply 1/3 by -5x & -4. Be sure to move the unused parts of the equation down)

F(x)= -1.66x -1.33³-3 (Here we need to use our exponent)

F(x)= -1.66x -2.37 -3 (Here we need to subtract -3 from -2.37)

F(x)= -1.66x - 0.629 (You need to subtract 0.629 from the right side and left side)

-0.629 =  -1.66x (Now since X is attached by multiplication, we need to divide both sides by -1.66)

0.378 = x (this means that your inverse is 0.378)

Since the fabric store only sells string in millimeters, Sara needs to convert 5 cm to mm in order to figure out how much
string she needs. How many mm of string does Sara need if she needs 5 cm of string?
O 5.000
500
50,000
50

Answers

Answer:

the answer is 50

Step-by-step explanation:

pls give me brainlist

A library has 1,624 books.​ Five-eighths of the books are hardcovers. How many books are​ hardcovers?

Answers

Answer:

I'm guessing its... 1015 hardcover books.

i need help on this plz

Answers

Answer:B

Step-by-step explanation:

2( x + 7) - 18x + 4/5

Answers

-16x+74/5
Sorry if it’s wrong but I’m pretty sure it’s right

which angles are adjacent angles?

A. GMB and FBC
B. CBX and FBC
C. XBG and FBC
D. MBY and FBC

Answers

Answer:

CBX and FCB

Step-by-step explanation:

trust me

Select all the sets of side lengths that will make a triangular shelf fit in a 90 1 point
degree corner of a room.
3 cm, 4 cm, 5 cm
2 cm, 3 cm, 4 cm
5 cm, 6 cm, 9 cm
6 cm, 8 cm, 10 cm
7 cm, 9 cm, 11 cm
This is Irequired question

PLEASE HELP AND LOOK AT MY OTHER RECENT QUESTIONS NOBODY EXCEPT A BOT IS ANSWERING 3

Answers

Answer is 7cm i think

Answer:

1. 6cm , 8cm , 10cm

2. 3cm , 4cm , 5cm

Step-by-step explanation:

A company sells widgets. The amount of profit, y, made by the company, is related to the selling price of each widget, x, by the given equation. Using this equation, find out the maximum amount of profit the company can make, to the nearest dollar.
y=-2x^2+105x-859

Answers

Answer: The maximum profit that can make by the company is $461. x= Number of widget. The profit of the company will maximum only when if they sell widget.

What is proportion means by your own word​

Answers

Explanation: Proportion is a share or part of a whole in mathematics and some other subjects. It is also related with ratio. For example: 5:7

Answer:

a part comparative relation to a whole

Related to ratio

Eg: 2:5 {read as (two is to 5)}

On a​ map, 1 inch equals 15 miles. Two cities are 3 inches apart on the map. What is the actual distance between the​ cities?

Answers

Actual distance = distance on map x the scale:

3 inches x 15 miles per inch = 45 actual miles.

Barak spent $20 at the mall. This represents 16% of the money he earned working at the pizza parlor last week. How much money did Barak earn at the pizza parlor last week?

Answers

Answer: Amount of Money Barak  earned last week =$125

Step-by-step explanation:

Amount of money Barak spent= $20

Amount of money spent = 16% of Money earned (X)can be represented as

16%  x  X =20

0.16 x X  =20

X = Money earned last week = 20/ 0.16= $125

Can someone please help?

Answers

The answer is H. You have to distribute 6 3/4 into -11.5. The answer is negative because a positive (+) times a negative (-) is a negative (-).

Answer:

77 5/8

Step-by-step explanation:

a) Multiply the whole number 6 by the denominator 4. Whole number 6 equally 6 * 4/4

= 24/4

b) Add the answer from the previous step 24 to the numerator 3. New numerator is 24 + 3 = 27

c) Write a previous answer (new numerator 27) over the denominator 4.

Conversion a decimal number to a fraction: -11.5 = -115/10

= -23/2

a) Write down the decimal -11.5 divided by 1: -11.5 = -11.5/1

b) Multiply both top and bottom by 10 for every number after the decimal point. (For example, if there are two numbers after the decimal point, then use 100, if there are three then use 1000, etc.)

-11.5/1

= -115/10

c) Simplify and reduce the fraction

-115/10

= -23 * 5/2*5

= -23 * 5/2*5

= -23/2

Multiple: 27/4

* (-11.5) = 27 · (-23)/4 times5

= -621/8

a sphere has a radius of 6m

what measurement is the closest to the volume of the sphere in cubic inches?​

Answers

Answer: 1,325.4

Step-by-step explanation: look it up first, before going to brainly

what is the average of 2,2,8and12​

Answers

Answer:

The average is of 2,2,8,12 is 6

Answer:

6

Step-by-step explanation:

2+2+8+12= 24/4= 6

hope this helped! :)

What's the circumference and area?

Answers

Answer:

43.98 (44) Circumference

Area: 153.94 (154)

Step-by-step explanation:

Answer:

Circumference: 14π square inches or approximately 43.96 square inches

Area: 49π square inches or 153.86 square inches

Step-by-step explanation:

Circumference = 2πr, where r = radius

2π(7) = 14π or 14(3.14) = 43.96

Area = πr^2, where r = radius

π7^2 = 49π or 49(3.14) = 153.86

The graph below shows the distance a car can
travel, y, using x gallons of gasoline.
300
200
Distance (miles)
100-
1 2 3 4 5 6 7 8 9
Amount of Gasoline
(gallons)


HELPP!!

Answers

Answer:

yyyyyyyyyy

Step-by-step explanation:

yyyyyyyyyyyyyyy

The corner of a room where two walls meet the floor should be a
right triangle. Jeff makes a mark along each wall. One mark is 12
inches from the corner. The other is 9 inches from the corner. How
can Jeff use the Pythagorean Theorem to see if the walls form a
right angle?
If the distance across the floor from one mark to the other is
says that
inch(es), then the
because 122 + 92 = 0%, a right triangle is formed.

Answers

Answer:

Step-by-step explanation:

If the distance across the floor from one mark to the other is [15] inches then the [Pythagorean Theorem] says that because 12^2+9^2=[15]^2, a right triangle is formed.

trabaje durante mis vacaciones y ahorré$2,000.00los cuáles quiero invertir en un banco que reconoce una tasa de interés de 32%anual capitalizable mensualmente ¿ que capital habrá en la cuenta al finalizar un periodo de 3 años?​

Answers

Answer:

Interés compuesto:

El tiempo entre dos fechas en las que los intereses se agregan al capital se llama periodo

de capitalización, y el número de veces por año en que los intereses se capitalizan se llama

frecuencia de conversión y de denota con la “p”.

A la frecuencia de conversión se le conoce también como frecuencia de capitalización de

intereses.

P = 1 Para periodos anuales, los intereses se capitalizan cada año.

P = 2 Si los periodos son semestrales

P = 3 Para periodos cuatrimestrales.

P = 4 Para periodos trimestrales.

P = 6 Cuando son periodos bimestrales

P = 12 Para periodos de un mes.

P = 13 Si los periodos son de 28 días.

P = 24 Para periodos quincenales

P = 52 Para periodos semanales

P = 360 0 365 Si son periodos diarios.

M = Ceit

M = C(1 + i / p)tp

Donde:

t = periodo en años

tp = es el número de periodos

i = La tasa de interés anualizada en “p” periodos por año.

Ejemplo: Inversión de un capital para monto preestablecido. (Villalobos, 2007, pág. 171)

a) ¿Qué capital debe invertirse ahora al 12.69% anual capitalizable por bimestre para tener

$40,000 en 10 meses?

b) ¿A cuánto ascienden los intereses?

Datos:

El plazo “t” debe estar en años, por lo que para expresar 10 meses en estas unidades se divide

entre 12, o sea, el número de meses que tiene un año. En consecuencia, el plazo en años es t =

10 / 12. La frecuencia de conversión o capitalización de intereses es p = 6 porque 6 son los

bimestres que tiene un año. Entonces:

tp = (10/12)6 = 5 bimestres.

El monto es M = $40,000, la tasa de interés es i = 0.1269 o 12.69% anual, capitalizable por

semestres, y la incógnita es C, la cual se despeja de la igualdad que resultó de sustituir estos

valores en la ecuación:

Solución:

Fórmula: M = C(1 + i/p)tp

40,000 = C(1 + (0.1269 / 6))5

Apuntes de Matemáticas Financieras Prof. Gerardo Gutiérrez Jiménez

40

40,000 = C(1.02115)5

40,000 = C(1.110318838)

C = 40,000 / 1.110318838

C = $36,025.68797

Solución b) Los intereses son la diferencia entre el monto y el capital:

I = M – C

I = 40,000 – 36,025.69

I = $3,974.31

Ejemplo: Monto que se acumula al invertir un capital.

El capital es C = $65,000, la tasa anual es i = 0.10, la frecuencia de conversión es p = 2 por que

el año tiene dos semestres, t = 3 porque el capital se acumula tres años, el número de periodos

en el plazo es tp = 6, entonces el monto según el teorema es: (Villalobos, 2007, págs. 170-171)

R = $87,106.22

Ejemplo: Tasa de interés para duplicar un capital.

¿Con qué tasa de interés anual capitalizable por bimestres se duplica un capital en 3 años?

(Villalobos, 2007, pág. 172)

R = 23.55%

Ejemplo: Valor presente de un crédito e intereses.

El 25% del precio de un mueble de sala se paga con un documento con valor nominal de $4,000

y vencimiento a 30 días. Un 30% se liquida mediante un pago a 60 días de plazo, otro 30% con

un documento a 90 días de la compra y el 15% restante se dejan como anticipo. Obtenga:

a) El precio del mueble.

b) El anticipo y los otros dos pagos.

c) El cargo total por intereses.

Suponga que la mueblería carga el 22.20% anual compuesto por mes en sus ventas a crédito.

(Villalobos, 2007, págs. 173-174)

Solución inciso a:

C1 = $3,927.344134

Entonces:

Precio = $15,709.38

Solución del inciso b: “el anticipo es el 15% de este precio”.

C2 = 4,712.81

Entonces, el segundo pago es el valor futuro de este capital, es decir:  

Apuntes de Matemáticas Financieras Prof. Gerardo Gutiérrez Jiménez

41

M2 = $4,888.80

El valor presente del último pago es igual al del anterior y por tanto, este pago es:

M3 = $4,979.24

Finalmente, solución del inciso c), Los intereses son la diferencia entre el total pagado y el precio

del mueble:

I = $512.07

Note que la tasa de interés global es:

G = 3.2787%

Step-by-step explanation:

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