Thomas is taking out a business loan of $20,000 over 5 years. He is given an APR of 6.12% he would like his monthly payments to not exceed $350 a month. Looking at the first few rows of the amortization table below, will his monthly payment be below $350 ? How much over/ under will hi actual payments be from his goal of $350? How much over/ under will his actual payments be from his goal of $350 per month?

Answers

Answer 1

1. Thomas' monthly payment for the loan exceeds $350.

2. An excess monthly payment of $37.77 exists.

3. Thus, the actual monthly payment is $387.77.

What is interest?

The interest is the finance charge for the loan, representing the cost of the time value of money.

The interest and the monthly payments can be calculated using an online finance calculator as follows:

Data and Calculations:

Business Loan = $20,000

Down Payment = 0%

Loan Term = 5 years or 60 months (5 x 12)

Interest Rate = 6.12%

 

Monthly Mortgage Payment = $387.77

Total of 60 Mortgage Payments = $23,266.38 ($387.77 x 60)

Total Interest = $3,266.38

Thus, Thomas' actual monthly payment is $387.77.

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Related Questions

What is the volume in cubic in, of a rectangular prism with a height of 19in, a width
of 17in, and a length of 18in?

Answers

Answer:

5,814 inches cubed

Step-by-step explanation:

lengthxwidthxheight=volume of a rectangular prism.

19 times 17 times 18 equals 5,814 inches cubed. It is cubed because it is a three-dimensionsal shape. Hope this helps!

The radius of the earth is 6.371 X 10^3 km. Write the value of this scientific notation and express the radius in words.​

Answers

Answer:

6371. six thousand three hundred and seventy-one

If the area of a circle is 40 pi square cm, find the radius.

Answers

area equation is pi*r^2. divide by pi then square root. so the answer is the square root of 40

Answer:

√40 centimeters

Step-by-step explanation:

Given :

Area of circle = 40π cm²

===========================================================

Formula for area of a circle :

Area = πr²

===============================================================

Equating the given term and formula to find r :

⇒ 40π = πr²

⇒ r² = 40

⇒ r = √40 centimeters

Assume the acceleration of the object is a(t) = −9.8 meters per second per second (Neglect air resistance.) A baseball is thrown upward from a height of 3 meters with an initial velocity of 7 meters per second. Determine its maximum height. (Round your answer to two decimal places.)

Answers

Answer:

height = 5.682 meters

Step-by-step explanation:

height = -9.8x^2 + 7x + 3

Find the axis of symmetry: x = -b/(2a)

a = -9.8 b = 7 c = 3

x = -7/(2*-9.8) = -7/-19.6 = .357 = x = +.357 secs is when max height occurs

Find the height, replace x with .561

height = -9.8(.357^2) + 11(.357) + 3

height = -9.8(.127) + 11(.357) + 3

height = -1.245+3.927+3

height = 5.682

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Select ALL the true statements about the scatter plot below.

A. The graph shows a linear association

B. The graph has no outliers

C. The graph shows a nonlinear association

D. The graph shows a positive association

E. The graph could be used to show an association between the hours worked and the amount earned

Answers

A scatter plot is a form of plot or mathematical diagram that displays values for two variables for a collection of data using Cartesian coordinates. The true statements are A, D, and E.

What is a scatter plot?

A scatter plot is a form of plot or mathematical diagram that displays values for two variables for a collection of data using Cartesian coordinates. One more variable can be presented if the points are programmed.

The following points about the scatter plot are true,

A. The graph shows a linear association

As there can be drawn a line between the two axes of the graph, and this line will give the approximate values, therefore, the graph shows a linear association. Thus, the statement is true.

B. The graph has no outliers

The graph has an outlier lying at the bottom right of the graph. Thus, the statement is False.

C. The graph shows a nonlinear association

As the graph has a linear association, it can not have a non-linear association. Thus, the statement is False.

D. The graph shows a positive association.

As the slope of the imaginary line is positive, the graph shows a positive association. Thus, the statement is true.

E. The graph could be used to show an association between the hours worked and the amount earned.

The above situation can be depicted by the given graph. Thus, the statement is true.

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Yo math hard. so 25 points, i really need it

Answers

Answer:

10 feet

Step-by-step explanation:

Given,

Volume of right cylinder = 2000 π cubic feet.

Length ( l ) = 20 feet

To find : Radius ( r )

Formula : -

Volume of right cylinder = πr²h

πr²h = 2000 π

Divide π on both sides,

r²h = 2000

r² = 2000 / h

r² = 2000 / 20

r² = 100

= 10 x 10

r²= 10²

r = 10 feet

Hence,

the radius is 10 feet.

Find the linear equations giving brainlest

Answers

Answer:

Step-by-step explanation:

Slope-intercept form of a linear equation: y = mx + b

m is the slopeb is the y-intercept - when x = 0

Problem 17: y = -4x + 2

slope: -4y-intercept: (0, 2)

Problem 18: y = 1/7x - 5

slope: 1/7y-intercept: (0, -5)

Problem 19:

y = 1x + 3

slope: 1y-intercept: (0, 3)

Hope this helps!

17)  y = -4x + 2

Clearly, we can tell that the equation is in slope intercept form.

Formula:

Slope intercept form: y = (m)x + (b)      [m = Slope; b = y-intercept]

Let us compare the slope intercept form equation with the given equation to determine the slope and the y-intercept.

⇒ y = (m)x + (b) and y = -4x + 2

When comparing both equations, we can observe that:

"-4" takes the place as "m" "2" takes the place as "b"

Therefore, the slope and the y-intercept are -4 and 2 respectively.

Determining the coordinates of the y-intercept;

Note: The y-intercept of the line ALWAYS has an x-coordinate of 0.

⇒ Coordinates of y-intercept: (0, y-intercept) ⇒ (0, 2)

Final answers:Slope = -4Coordinates of y-intercept = (0, 2)

________________________________________________________

18)  y = x/7 - 5

Clearly, we can tell that the equation is in slope intercept form.

Formula:

Slope intercept form: y = (m)x + (b)      [m = Slope; b = y-intercept]

Let us compare the slope intercept form equation with the given equation to determine the slope and the y-intercept.

⇒ y = (m)x + (b) and y = x/7 - 5

When comparing both equations, we can observe that:

"x/7" takes the place as "m" "-5" takes the place as "b"

Therefore, the slope and the y-intercept are x/7 and -5 respectively.

Determining the coordinates of the y-intercept;

Note: The y-intercept of the line ALWAYS has an x-coordinate of 0.

⇒ Coordinates of y-intercept: (0, y-intercept) ⇒ (0, -5)

Final answers:Slope = x/7Coordinates of y-intercept = (0, -5)

________________________________________________________

19)  y = x + 3

Clearly, we can tell that the equation is in slope intercept form.

Formula:

Slope intercept form: y = (m)x + (b)      [m = Slope; b = y-intercept]

Let us compare the slope intercept form equation with the given equation to determine the slope and the y-intercept.

⇒ y = (m)x + (b) and y = 1x + 3              [x = 1x]

When comparing both equations, we can observe that:

"1" takes the place as "m" "3" takes the place as "b"

Therefore, the slope and the y-intercept are 1 and 3 respectively.

Determining the coordinates of the y-intercept;

Note: The y-intercept of the line ALWAYS has an x-coordinate of 0.

⇒ Coordinates of y-intercept: (0, y-intercept) ⇒ (0, 3)

Final answers:Slope = 1Coordinates of y-intercept = (0, 3)

Which list of numbers is ordered from greatest to least?

Answers

Answer:

the option b is correct answer

Answer:

c

Step-by-step explanation:

that was arrange from greatest to lowest

What's the answer to this?

Answers

Answer:

Q' = (-4, -2)

R' = (4, -2)

S' = (4, 2)

T' = (-4, 2)

Step-by-step explanation:

First, we can create a matrix to scale this rectangle by putting all the x coordinates in the top row and all the y coordinates in the bottom row and multiply it by 4.

Our initial matrix to multiply:

[tex]4\left[\begin{array}{cccc}-1&1&1&-1\\-2&-2&-1&-1\end{array}\right][/tex]

Moved to the origin:

[tex]4\left[\begin{array}{cccc}-1&1&1&-1\\-0.5&-0.5&0.5&0.5\end{array}\right][/tex]

Multiplied by four:

[tex]\left[\begin{array}{cccc}-4&4&4&-4\\-2&-2&2&2\end{array}\right][/tex]

This gives us the points of

Q' = (-4, -2)

R' = (4, -2)

S' = (4, 2)

T' = (-4, 2)

which are our answers.

4. Add
f(x)= 4x?+5x-1
g(x) = 2x2 + 5x+3

Answers

Answer:

A. 3x² +6

Explanation:

(f-g)(x) = f(x) -g(x) = (4x²+1) -(x²-5) . . . . . substitute the function definitions

... = 4x² +1 -x² +5 . . . . . . . . . . . eliminate parentheses

... = (4-1)x² +(1+5) . . . . . . . . . . . collect like terms

... = 3x² +6

Help
This
Is
Hard
Thanks

Answers

Answer:

x = 28

y = 13/7

Step-by-step explanation:

2x + 2y = 160

xy = 52

y = 80-x

80 - x = 52

-x = -28

x = 28

y = 13/7

In hopes of encouraging healthier snacks at school, Wanda brought in a tray of carrot sticks and apple slices to share. The tray had a total of 30 snacks, of which 30% were carrot sticks. How many carrot sticks did Wanda bring?

Answers

Answer:

Wanda brought 9 carrot sticks.

Step-by-step explanation:

Convert 30% to a decimal by removing the percent sign and dividing by 100: 30 ÷ 100 = 0.30Substitute 0.30 for 30% in the equation: 30% x 30 = Y becomes 0.30 * 30 = YDo the math: 0.30 x 30 = 9Y = 9So 30% of 30 is 9Double check your answer with the original question: How many carrot sticks did Wanda bring? Multiply 0.30 x 30 = 9

please help me get a A

Answers

Answer:

y = 1/2 x.

Step-by-step explanation:

Each value of y is 1/2 of x.

Pls help me and show work! Thank you <3

Answers

Answer: 15

Step-by-step explanation:

By the alternate interior angles theorem, [tex]5x+9=84 \longrightarrow x=\boxed{15}[/tex]

Use the graph below to answer the question that:

What are the amplitude, period, and midline of the function? (1 point)
Amplitude: 6; period: 2π; midline: y = −3

Amplitude: 6; period: π; midline: y = −3

Amplitude: 3; period: π; midline: y = −2

Amplitude: 3; period: 2π; midline: y = −2

Answers

The amplitude is equal to 3, the period is π midline y = -1.

For this case the amplitude is given by:

A = (l-5l + 1) / 2

A = 6/2

A = 3

The middle line is given by:

y = -1

What is the formula for period?

The period of the function is given by,

T = l x2 - x1 l

T = l 0 - pi l

T = l - pi l

T = pi

Therefore the amplitude: 3; period is π; midline: y = -1.

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A cube has an edge length of 10 inches. What is its volume, in cubic in?

Answers

Answer: 1000

Step-by-step explanation: V=a to the 3rd power=10 to the 3rd power=1000


It has been observed in one country, that 59 out of every 100 births is a baby with brown eyes. In 640 births how many brown eyed babies would you expect?

Answers

Answer:

377.6

Step-by-step explanation:

You do the ratio of 59/100 and then divide 640 by 100. Then you will get 6.4.

Multiply 59×6.4=377.6

What is the length of the missing side of this triangle?
13
?
9
A
250
В
22
С
15.81

Answers

Answer:  C - 15.81

Step-by-step explanation:

pythagorean theorum: a^2 + b^2 = c^2

13^2 + 9^2 = c^2

169 + 81 = c^2

c^2 = 250

root both sides

c = 15.81

Total points in a board game based on the average number of hours played is predicted using the least-square regression line, 9 = 280.3 + 85.7x, where y
represents the total points scored and x represents the average number of hours spent playing the game. A player plays the game for an average of 3 hours
and has a point total of 550. What is the residual for the player?
O 3.15
03
0-126
0-3.15
O 12.6

Answers

Using the line of best-fit, it is found that the residual for the player is of 12.6.

What is the residual for a line of best-fit?

A residual is given by the difference between the observed point and the predicted point.

In this problem, the expected score over x hours is given by:

f(x) = 280.3 + 85.7x.

Hence, for 3 hours, the predicted score is given by:

f(3) = 280.3 + 85.7 x 3 = 537.4.

The observed score was of 550, hence the residual is given by:
R = 550 - 537.4 = 12.6.

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PLEASE HELP!!!! A triangle has sides of lengths a=17, b=36, c=45 km.
Find the measures of the 3 angles
Enter your answer as a number; answer should be accurate to 2 decimal places.

Angle A =____?
Angle B = ____?
Angle C = ____?

Explain how you found the 3 angles below. Be sure to show all of your work.

Answers

Answers:

Angle A = 20.64 degreesAngle B = 48.29 degreesAngle C = 111.07 degrees

You may or may not have to type in the word "degrees", and/or use the degree symbol. I would ask your teacher for clarification.

A diagram is shown below.

============================================================

Explanation:

We'll need the law of cosines to solve for angle A.

a^2 = b^2 + c^2 - 2*b*c*cos(A)

17^2 = 36^2 + 45^2 - 2*36*45*cos(A)

289 = 3321 - 3240*cos(A)

289 - 3321  = -3240*cos(A)

-3032  = -3240*cos(A)

-3240*cos(A) = -3032

cos(A) = (-3032)/(-3240)

cos(A) = 0.935802

A = arccos(0.935802)

A = 20.64 degrees

which is approximate to 2 decimal places.

Note: The "arccos" refers to "arccosine" which is the same as inverse cosine (denoted as [tex]\cos^{-1}[/tex] on many calculators).

-----------------------------

Do a similar set of steps for angle B.

b^2 = a^2 + c^2 - 2*a*c*cos(B)

36^2 = 17^2 + 45^2 - 2*17*45*cos(B)

1296 = 2314 - 1530*cos(B)

1296 - 2314  = -1530*cos(B)

-1018  = -1530*cos(B)

-1530*cos(B) = -1018

cos(B) = (-1018)/(-1530)

cos(B) = 0.665359

B = arccos(0.665359)

B = 48.29 degrees

Also approximate to 2 decimal places.

-----------------------------

As you can probably guess by now, we could use the law of cosines to find angle C. But a much quicker shortcut is to use the fact that for any triangle, the interior angles always add to 180 degrees.

This shortcut is only possible since we know the two other angles.

Solve for C.

A+B+C = 180

C = 180-A-B

C = 180 - 20.64 - 48.29

C = 111.07 degrees

Like the others, this is approximate to 2 decimal places.

You can use a graphing tool like GeoGebra to confirm the answers. See below. Due to the SSS (side side side) triangle congruence theorem, only one triangle is possible. This means only one answer is possible per angle.

Pls ingore all of the questions below, but help me with the attached image

What is the only number that has the same number of letters as it's meaning? ...
What number doesn't have its own Roman numeral? ...
What is the only even prime number? ...
What is the smallest perfect number? ...
What is our current numerical system based on? ...
Is Pi a rational or irrational number?

Answers

Answer:

A = 51

Step-by-step explanation:

I'm not sure if it is correct but here is my working

180=41+2a+a-14

180=3a+27

153=3a

51=a

Answer:

a=51

Explaination-

ABC + ACB + BAC = 180°

(a-14)° + 2a + 41° = 180°

a=51

Are EFG and HIJ similar?

Answers

Yes, because of the AAA criteria.

Find equation of a line with the given slope that passes through the given point. Write the equation in the form Ax + By = C.
M = -5, (-4,-8)

Answers

Answer:

5x + y = -28

Step-by-step explanation:

Hi there!

We're given that a line has a slope of -5 and contains the point (-4, -8)

We want to write the equation of this line in standard form

Standard form is given as ax+by=c, where a, b, and c are free integer coefficients, but a and b cannot be zero, and a cannot be negative

Before we write the equation in standard form however, we need to write it in slope-intercept form, which is y=mx+b, where m is the slope & b is the y intercept

As we are already given the slope, we can immediately plug that in for m in y=mx+b

y=-5x+b

Now to find b:

As the equation passes through the point (-4, -8), we can use its values to help solve for b

Substitute -4 as x and -8 as y:

-8 = -5(-4) + b

Multiply

-8 = 20 + b

Subtract 20 from both sides

-8 = 20 + b

-20  -20

__________

-28 = b

substitute -28 as b

y = -5x - 28

We found the equation in slope-intercept form, but remember, we want it in standard form

In standard form, both x and y are on the same side; so, let's move 5x to the other side; to do this, we need to add 5x to both sides

y = -5x - 28

+5x +5x

_________

5x + y = -28

Hope this helps!

PLS PLS HELP HELP ME ITS EASY ITS FREE PONTS LOL

Answers

Answer:

92 degrees

Step-by-step explanation:

180-88

=92

~rere

they are correct it is 92 degrees

When multiplying two matrices does AB = BA?

Answers

Answer:

AB = BA

Step-by-step explanation:

In general, AB = BA, even if A and B are both square. If AB = BA, then we say that A and B commute. For a general matrix A, we cannot say that AB = AC yields B = C. (However, if we know that A is invertible, then we can multiply both sides of the equation AB = AC to the left by A−1 and get B = C.)

1. What is the surface area of the composite figure?
4 ft
8 ft
3 ft
2 ft
6 ft

Answers

Answer:

c. 132

Step-by-step explanation:

find the area for each space than add them for sa

a = l x w

sa = a

Find the area of the shaded region. 10 ft 10 ft​

Answers

Answer: Its 10 ft

Step-by-step explanation: because if one side is the number the other side is going to be the same number

please choose me as brainly


Find the area of the
parallelogram.
10.7 ft.
5.5 ft.
14 ft.

Answers

Answer:  [tex]823.9ft^{2}[/tex]

Step-by-step explanation:

The formula for the area of a parallelogram is : [tex]l * w * h[/tex]

l = length

w = width

h = height

You did not specify which integer was which, but it does not matter as the order in which you multiply them together does not matter.

10.7 * 5.5 * 14 = 823.9

Since you are finding the area, you have to square the units; 823.9 ft^2

If you found this answer helpful, I would greatly appreciate it if you gave me brainliest :D.

Julieta was offered a job that paid a salary of $49,000 in its first year. The
salary was set to increase by 3% per year every year. If Julieta worked at the
job for 21 years, what was the total amount of money earned over the 21
years, to the nearest whole number?

Answers

Answer:

he will get a total of 41%

Julieta has a job for $49000 which increases at the rate of 3% per year, so the money earned after 21 years is $79870.

What is Simple interest?

A quick and simple way to figure out interest on that money is to use the simple interest approach, which adds interest at the same rate for each daily cycle, and it is to the initial principal amount.

A way to figure out how much interest will be charged on an amount of money at a specific rate and for a specific duration of time is by using simple interest.

As per the information received from the question,

Principle amount, P = $49000

Rate, R = 3%

Time, T = 21 years.

SI = ($49000 × 3 × 21)/100

SI = 30870

So, the total amount earned in 21 years is $30870, and the total money he is having after 21 years is $79870.

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Using the diagram below what is the measure of <1
The measure of <1=[m]​

Answers

Answer:

The angle measure of 1 is 62 degrees.

Step-by-step explanation:

You need to the exterior angle theorem.

This means that all the exterior angles have to equal up to 360 degrees.

You need to add everything up which should equal 298 degrees.

Then subtract 360 by 298.

The angle measure of 1 is 62 degrees.

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!!!20 points and brainliest!!!Explain the three stages of grief. Develop a menu for your family for a 3-day weekend. Your menu must include 3 meals and 2 snacks each day. You must plan for your family to eat the recommended daily servings as found on choosemyplate.govIts due soon! HELP Hummingbirds need large amounts of energy to flap their wings between 60and 200 times per second. Their wings beat so rapidly that it is difficult to seethem move. They often appear suspended in air for extended periods of timewithout changing their location. Hummingbirds have long bills and groovedtongues to reach into flowers to feed on flower nectar.Which two body systems are involved based on the information above?Select one:skeletal and muscularskeletal and endocrineskeletal and digestiveskeletal and circulatory How many whole numbers are there from 25 to 38? The distribution of professional baseball player salaries has a mean of $3.2 million. an analyst believes that the mean salary for teams on the east coast is different. the analyst randomly selects 50 baseball players from teams on the east coast and records their annual salaries. the mean salary for the players in the sample is $3.9 million with a standard deviation of $2.1 million. a significance test at an alpha level alpha = 0.05 of produces a p-value of 0.02. what is the correct interpretation of the p-value? a. assuming the true mean salary is $3.2 million, there is a 2% probability that the null hypothesis is true by chance alone. b.assuming the true mean salary is $3.2 million, there is a 2% probability of getting a sample mean of $3.9 million by chance alone. c.assuming the true mean salary is $3.2 million, there is a 2% probability of getting a sample mean at least as extreme as $3.9 million by chance alone. d.assuming the true mean salary is $3.2 million, there is a 98% probability that a sample mean of $3.9 million or one more extreme will occur by chance alone. The chart below shows the average cost that each gender spends on their senior prom at the local high school. More families are to visit the zoo.A eagerB unwillingC waitingD afraid What kind of adaptations did plants have to make to live on land? Please help fast! 100 POINTS 1. Answer the following questions. a. Which one of the following is not a pure substance? i. Air ii. Sugar iii. Salt iv. Gold Which of the actions did president Kennedy do? le faire au comditionnel present What data type is this statement defined as in Python?testAvg = 0.00;A. integerB. stringC. floatD. real Help with chemplease write the formula for nickel(IV) sulfite. HEEEEEELPSolve for x. Leave your answer in simplest radical form. Use the coordinate plane to write the ordered pair corresponding to point M. Six points are plotted on a coordinate plane. The horizontal axis is labeled x and it ranges from 0 to 8. The vertical axis is labeled y and it ranges from 0 to 8. Point T is plotted 5 units up from the origin. Point R is plotted 2 units to the right of the origin. Point Q is plotted 2 units to the right of the origin and 7 units up. Point P is plotted 6 units to the right of the origin and 1 unit up. Point N is plotted 7 units to the right of the origin and 6 units up. Point M is plotted 8 units to the right of the origin and 8 units up. Francois and Perrault sell Buck and the other dogs to __________. Group of answer choices A. The Man in the Red SweaterB. Judge MillerC. A Scotch Half-BreedD. The Mighty Quinn I need answer bahahhsbshana PLeASE HELP!! FOR ASTRONOMY!!Imagine that you are graduating from college and are choosing a profession in the aerospace industry. Which do you choose, and where do you see yourself professionally in five years? Ten years? Why? a bank lends money to a family so that it can buy a new house. This lets the family pay for a house over time instead of having to pay for it all at once