Chelsea made monthly payments for four years before her $13,440 loan was paid off. The loan had an interest rate of 5.86%, compounded monthly. Chelsea paid $156.60 in service charges. To the nearest tenth, what percentage of the total cost of the loan did her finance charges comprise? Round all dollar values to the nearest cent.

Answers

Answer 1

Answer: Given:
PV = 13,440
i = 5.86% , compounded monthly
t = 4 years

13,440(0.0586/12))/(1-(1+0.0586/12)^-48= 15,109.44
15,109.44 + 156.60 = 15,266.04
15,266.04 - 13,440.00 = 1,826.04
1,826.04/15,266.04 = 11.96 % Percentage total of Finance Charge of the total loa

Answer 2

Answer:

Answer: 11.9%

Step-by-step explanation:

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Answers

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Answers

Answer:

Step-by-step explanation:

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Ito washes 7 cars in 3 hours. Joanwashes 9 cars in 4 hours. Who
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Answers

Answer:

Ito

Step-by-step explanation:

Make them to their closest common multiple which is twelve.

Next times 7 by 4 as 3*(4) is 12

Then time 9 by 3 as 3*(4) is 12

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Answer:

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Step-by-step explanation:

ITO

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Joe paid $14.00 for a board game this is 70% of the original price what was the original price

Answers

Answer:

The original price was $20.00

Step-by-step explanation:

Joe paid $14.00 for a board game.

This is the 70% of the original price.

Let the original price of a board game be x

70% of x = $14.00

0.70x = 14.00

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The original price was $20.00

start off by finding 10% of $14. in order to find 10%, divide it by 70 which gives 2. you now need to make the 30% to add to the 70%, by timesing the 2 by 3to give 6. now all you need to do it add the 6 to 14 to make 20!

so your answer is $20

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Answers

The answer is option C.

The perimeter of a scalene triangle is 14.5 cm. The longest side is twice that of the shortest side. Which equation can be used to find the side lengths if the longest side measures 6.2 cm? Choose the correct answer. 6.2 + b = 14.5 9.3 + b = 14.5 12.4 + b = 14.5 18.6 + b = 14.5

Answers

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Perimeter is the sum of all sides of a polygon. For this case, the perimeter is expressed as: P=a+b+c. It has been said that the longest side is twice that of the shortest side. Let's assume that a is the longest side and b is the shortest side. So, the equation for the shortest side is,

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