Tim has four credit cards with the balances and APRs listed in the chart below. What will Tim's total monthly minimum creditcard payment need to be to pay off all four credit cards in 24 months?Credit CardBalanceAPR$1.260.0012%1896$900.00C $1.290.0016%$1,200.00a. $118.24
b. $162.62
c. $163.00
d. $221.93

Answers

Answer 1

Answer: Solving for the future values of the credit card balances:

1260(1 + 0.12/12)^24 = 1599.8656571502122308900(1 + 0.18/12)^24 = 1286.55253073612259711290(1 + 0.09/12)^24 = 1543.37345291648033351200(1 + 0.16/12)^24 = 1649.0625893406018547
Adding the future balances to obtain total bill:

1599.8656571502122308 + 1286.5525307361225971 + 1543.3734529164803335 + 1649.0625893406018547 = 6078.85
Solving for the annuity A (monthly payments for each account):

1599.87 = A [(((1 + 0.12/12)^24) - 1) / (0.12/12)] A = 59.31
1286.55 = A [(((1 + 0.18/12)^24) - 1) / (0.18/12)]A = 44.93
1543.37 = A [(((1 + 0.09/12)^24) - 1) / (0.09/12)]A = 58.93
1649.06 = A [(((1 + 0.16/12)^24) - 1) / (0.16/12)]A = 58.76
Adding the annuities together to obtain the minimum monthly payment:59.31 + 44.93 + 58.93 + 58.76 = 221.93

Therefore, the minimum monthly payment is $221.93. Among the choices, the answer is D.

Answer 2

Answer:

Answer:

$221.93

Step-by-step explanation:

Related Questions

5x^2-4x=6 solve for x

Answers

Let's solve your equation step-by-step.5x(2)−4x=6Step 1: Simplify both sides of the equation.5x(2)−4x=6Simplify: (Show steps)10x+−4x=6(10x+−4x)=6(Combine Like Terms)6x=66x=6Step 2: Divide both sides by 6.‌6x6‌=‌66‌x=1Answer:x=1

What is 62/78 x 1 6/8

Answers

62/78*( 1 6/8)

= 31/39*( 1 6/8)

= 31/29*( 1 3/4 )

= 31/39* 7/4
Multiply the numerator together and the denominator together

= 217/156

I hope that's help ! Any questions ? Let me know

Calculate the rate of power drainage per hour if the capacity of the cell phone is 3 600 mAh?

Answers

The rate οf pοwer drainage per hοur is 13.32 watts per hοur οr 13.32 Wh (watt-hοurs) per hοur.

What is the basic mathematical οperatiοns?

The fοur basic mathematical οperatiοns are Additiοn, subtractiοn, multiplicatiοn, and divisiοn.

Tο calculate the rate οf pοwer drainage per hοur, we need tο knοw the pοwer cοnsumptiοn οf the cell phοne. Let's assume that the pοwer cοnsumptiοn οf the phοne is cοnstant and equal tο P watts.

The capacity οf the cell phοne battery is 3,600 mAh, which means that it can supply a current οf 3,600 mA (milliampere) fοr οne hοur. Using Ohm's law, we can express the pοwer cοnsumptiοn in terms οf the current and vοltage:

P = I × V

where I is the current and V is the vοltage.

The vοltage οf a typical cell phοne battery is arοund 3.7 vοlts. Therefοre, the current drawn by the phοne is:

I = 3,600 mA = 3.6 A

t = 1 hοur

The pοwer cοnsumptiοn οf the phοne is:

P = I × V = 3.6 A × 3.7 V = 13.32 W

Hence, the rate οf pοwer drainage per hοur is 13.32 watts per hοur οr 13.32 Wh (watt-hοurs) per hοur.

To learn more about basic mathematical operations, Visit

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The domain of a function is given by {-4,2,8}. If the function is defined by y= x +1 /3 ,then which of the following values is a member of the range?

Answers

Answer:

{-1, 1, 3}

Step-by-step explanation:

Given the function

y = (x + 1)/3

The domain are the input value x while the range are the output values given the input value x;

Given the domain {-4, 2, 8}

when x = -4;

y = (-4+1)/3

y = -3/3

y = -1

when x = 2;

y = (2+1)/3

y = 3/3

y = 1

when x = 8;

y = (8+1)/3

y = 9/3

y = 3

Hence the member of the range are {-1, 1, 3}

Plz help with questions number 1 and 2

Answers

Answer:

question 1=12

question 2= $3|-2x^2-4|-4$

Step-by-step explanation:

question 1

$u(t)=7t-2\n\ns(t)=t^(2)-9 \n\ns(u(2))=?\n\nu(2)=7(2)-2=14-2=12\n\nu(2)=12\n\ns(12)=(12)^2-9=144-9=135\n\ns(u(2))=135$

question 2

$f(x)=3|x+1|-4\n\ng(x)=-2x^2-5\n\nf(g(x))=?\n\ng(x)=-2x^2-5\n\nf(-2x^2-5)=3|(-2x^2-5)+1|-4\n\nf(g(x))=3|-2x^2-5+1|-4\n\nf(g(x))=3|-2x^2-4|-4\n\n$

Which of the expressions below can be factored using the difference of squares method?A. 100x2 - 55y2
B. 100x2 + 49y2
C. 100x2 - 49y2
D. 100x2 + 55y2

Answers

The expression that can be factored using the difference of squares method:
C) $100x^(2)-49y^(2)$
Factorization:
$100x^(2)-49y^(2) = (10x+7y)*(10x-7y)$