MATHEMATICS MIDDLE SCHOOL

Question 3Mr. Winking is purchasing a car and needs to finance $24,000 from the bank with an annual percentage rate (APR) of
4.8%. He is financing it over 5 years and making monthly payments. What is the monthly payment?
$104.54
$378.21
$450.71
$1225.56

Answers

Answer 1

Answer:

Answer:

The monthly payment, PMT = $450.71

Therefore the correct option is C.) $450.71

Step-by-step explanation:

i) Value of Loan, or Present value, PV = 24000

ii) Annual percentage rate , APR = 0.048

iii) number of periods, n = 12

iv) periodic interest, R = APR / n = 0.048 / 12 = 0.004

v) number of years, t = 5

v) Monthly Payment, PMT = $(PV* R)/(1 - (1 + R)^((-1* n * t))) = (24000 * 0.004)/(1 - ( 1 + 0.004)^(-60))$ = $450.71

Related Questions

Which inequality represents this sentence?Seven plus five is greater than six plus twoA: 7*6>_9*5B: 7*6<9*5C: 7*6>9*5D: 7*6<_9*5
3/14 - 1/7= how much
Natasha ran 3.1 km. Tonya ran4 meters more than half as far as Natasha. How many meters did Tonya run?
What is the equivalent fraction of 24/126
What is 5/6 of 18 pencils

in the area of the table is 36 in. by 24 in. will they have enough tiles to cover the table? If not how many more will they need?

Answers

how many tiles do they have

They will not need anymore tiles.

Hope this helps.

12.The perimeter of a garden is 82 feet. The length
is 5 more than twice the width. What is the width
of the garden?

A.29feet
C.24 feet
B. 25 feet and 2/3
D. 12 feet

Answers

Answer:

D. 12 feet

Step-by-step explanation:

Perimeter of a rectangle = 2(L+W)

Where L is length and W is the width.

Given

perimeter = 82 feet

Length is 5 more than 2w

That’s L = 5 + 2w

Now substitute 5 + 2w for L in the formula above

We have

82 = 2 ( 5 + 2w + w)

Simplify the bracket

82 = 2(5 + 3w)

Distribute 2 into (5 + 3w)

82 = 2 x 5 + 2 x 3w

82 = 10 + 6w

Subtract 10 from both sides

82 - 10 = 10 - 10 + 6w

72 = 6w

Divide both sides by 6

72/6 = 6w/6

12 = w

W = 12 feet

Final answer:

The width of the garden is 12 feet.

Explanation:

To find the width of the garden, we can set up an equation using the given information. Let's say the width of the garden is 'w' feet. According to the problem, the length is 5 more than twice the width, so the length would be '2w + 5' feet. The perimeter of a rectangle is equal to twice the sum of its length and width. So, in this case, the perimeter would bec

$2(w + 2w + 5) = 82$

feet. Simplifying this equation, we get 6w + 10 = 82. Solving for 'w', we subtract 10 from both sides and divide by 6, giving us w = 12 feet. Therefore, the width of the garden is 12 feet.

Learn more about Perimeter and dimensions here:

brainly.com/question/33156479

#SPJ3

You use 66 gallons of water on 2020 plants in your garden. At that rate, how much water will it take to water 3030 plants?

Answers

It will be 99 gallons. There's one and a half times as many plants so one and a half times as much water will be used.

Answer: it would be 99

Step-by-step explanation:

because of the rate it is going at it will be 99

HELP!!! I NEED HELP ON MY EXAM. (15PTS)The population f(x), in millions, of State A of a country after x years is represented by the function shown below:

f(x) = 4(1.08)x

The graph shows the population g(x), in millions, of State B of the country after x years:

graph of exponential function g of x that curves up from left to right and goes through points 0 comma 2 and 9 comma 4

Which conclusion is correct about the populations of State A and State B?

The original population of State A was double the original population of State B.
The original population of State B was double the original population of State A.
The original population of State A was four times the original population of State B.
The original population of State A was equal to the original population of State B.

Answers

Answer:

its A

Step-by-step explanation:

I believe it's A because it started at 4 million where the graph started at 2 million. Therefore it would be double.

Solve the Systems of equations algebraically 4x+5y=15
-4x+6y+7

Answers
A- (5/4, 2)
B- (2, 5/4)
C- (4/5,2)
D (2, 4/5)

Answers

STEP 1:
4x + 5y= 15
-4x + 6y= 7
add the two above equations; the x term cancels out; solve for y

11y= 22
divide both sides by 11

y= 2

STEP 2:
substitute the y value in step 1 into either original equation

4x + 5y= 15
4x + 5(2)= 15

4x + 10= 15
subtract 10 from both sides

4x= 5
divide both sides by 4

x= 5/4

ANSWER: (A) x= 5/4, y= 2 or (5/4, 2)

Hope this helps! :)

Answer:

5/4, 2 or A on edge 2021

Step-by-step explanation:

took the test :)

Randy currently has a batting average of .388. What two fractions is this decimal between?