Eric must pay off a loan of $3,500 in 5 years. Use the appropriate formula to find the amortization payment he would need to make each six months, at 12% interest compounded semiannually

Answers

Answer 1
Answer: Given:
Principal = 3,500 
term = 5 years
interest rate = 12%
compounded semi-annually

A = P(1 + r/n)^nt

A = 3,500 (1 + 12%/2)²ˣ⁵
A = 3,500 (1 + 0.06)¹⁰
A = 3,500 (1.06)¹⁰
A = 3,500 (1.79)
A = 6,265

5 years * 2 = 10 semi-annual payments

6,265 / 10 = 626.50 amortization payment.

Related Questions

Dean needs 60 inches of wood to build a rectangular picture frame. The length of the frame is twice its width, w . Which of these equations give the correct formula for the perimeter?
The regular price of a watch is $28.25. during a sale, the watch was marked 12% off. what was the price of the watch during the sale? $2.35 $3.39 $16.25 $24.86
Solve the inequality 4x-7<5
Identify all the drawn radii of the circle created by the diameter and is perpendicular bisector
What is the surface area of a rectangular prism with a length of 3 mm, a width of 5 mm, and a height of 8 mm?mm2

The table shows three unique functions. Which statements comparing the functions are true? Select three options. A. Only f(x) and h(x) have y-intercepts. B. Only f(x) and h(x) have x-intercepts. C. The minimum of h(x) is less than the other minimums. D. The range of h(x) has more values than the other ranges. E. The maximum of g(x) is greater than the other maximums.

Answers

Answer:

CDE

Step-by-step explanation:

A)  Only h(x) has a y intercept which is at x=0. At this point the y intercept is 0.

B) Only f(x) have a x intercept at f(x) = 0. The graph of f(x) touches the x axis at f(x) = 0.

C) h(x) has the lowest minimum, its minimum is at -28 while f(x) have a minimum at -14 and g(x) have a minimum at 1/49

D) The range of h(x) has more values than the other ranges ranging from -28 to -28.

E) g(x) has the highest maximum, its maximum is at 49 while f(x) have a maximum at 14 and h(x) have a maximum at 0

Answer:

A B E I think, it's not C D E

Step-by-step explanation:

Iahahahaidbirkesmosnskaksojs

True or False: The four regions into which a coordinate plane are divided are called quadrants.

Answers

true i’m pretty sure

Answer:

True

Step-by-step explanation:

What are all possible values of x that make a true statement?
95 – 2x < 7 (15x – 17)

Answers

Answer:

x = 2

Step-by-step explanation:

From the question we are given the algebraic sign with the Inequality sign

95 - 2x < 7 (15x - 17)

In order to find all the possible values of x that makes the algebraic expression true ,

We solve for this by convert the less than(<) sign to =

A true statement or algebraic expression is when both values on the left hand side and right hand side of and algebraic expression is the same of equal to each other.

Therefore:

95 - 2x = 7 (15x - 17)

95 - 2x = 105x - 119

Collect like terms

95 + 119 = 105x + 2x

214 = 107x

x = 214/107

x = 2

In other to confirm if x = 2 makes the expression true

95 - 2x = 7 (15x - 17)

95 - 2x = 105x - 119

95 - 2 × 2 = 105 × 2 - 119

95 - 4 = 210 - 119

91 = 91

Therefore, the possible values for x that make the statement true is x = 2

All of the following numbers are composite numbers except:

15
17
18
14

Answers

15, 18 and 14 are composite except 17 which is prime

your answer is B=17

hope I helped you

Determine what type of model best fits the given situation: The temperature of a cup of coffee decreases by 5 F every 20 minutes.

Answers

Final answer:

The situation is best modeled by a linear function, considering the steady and constant rate of temperature decrease. Although this model does not account for other factors, it lays out a fundamental understanding of the time-temperature relationship in the given scenario.

Explanation:

The situation where the temperature of a coffee decreases by 5 F every 20 minutes is best modeled by a linear function. This is because the rate of decrease is steady and constant, meaning it fits the structure of a linear function: y = mx + b, where m is the slope (rate of decrease) and b is the y-intercept (initial temperature). In this case, the slope would be -5/20, as the coffee temperature decreases by 5 F every 20 minutes.

This concept is closely related to Newton's Law of Cooling in Physics, which postulates that the rate of loss of heat from an object is proportional to the difference in temperature between the object and its surroundings, provided the temperature difference is small. However, in this case, since we are dealing with a constant rate of cooling, the linear model is more appropriate.

While this model does not account for factors such as the volume of the coffee, heat transfer to the surroundings or the specific heat capacity of the coffee, it provides a basic understanding of the relationship between time and temperature in this scenario.

Learn more about Linear Function here:

brainly.com/question/29205018

#SPJ12

The area of a rectangle is 77 yd2, and the length of the rectangle is 3 yd more than twice the width find the dimensions of the rectangle

Answers

Let the width be x.

Length is 3 more than twice the width =  2x + 3

Area = x*(2x + 3)

x*(2x + 3) = 77

2x² + 3x  = 77

2x² + 3x - 77 = 0           This is a quadratic equation. Solve by factorization.


Multiply first and last coefficients:  2*-77 = -154

We look for two numbers that multiply to give -154, and add to give the middle coefficient  +3

Those two numbers are 14 and -11.

Check:   14*-11 = -154         14 + -11 = 14 - 11 = +3

We replace the middle term of +3x in the quadratic expression with 14x -11x

2x² + 3x - 77 = 0   

2x² + 14x -11x - 77 = 0     

2x(x + 7) - 11(x + 7) = 0

(2x - 11)(x + 7) = 0

2x - 11 = 0    or   x + 7 = 0

2x = 0 + 11          x = 0 - 7

2x = 11                  x = -7

x = 11/2 = 5.5                   

The solutions are x = -7  or  5.5.

Since we are solving for length of rectangle, x can't be negative. So we do away with x = -7.

x = 5.5   is the only valid solution.

Recall width = x = 5.5, 
Length = 2x + 3 = 2*5.5 + 3 = 11 + 3 = 14

Therefore length = 14 yards, and width = 5.5 yards.