What is the amount of carrying charges for a $10,000 for college if there is a 5% down payment, apr of 10%, and a 36-month repayment period?

Answers

Answer 1

The amount of carrying charges for a $10,000 college loan with a 5% down payment, a 10% APR, and a 36-month repayment period is approximately $1,571.44.

To calculate the amount of carrying charges for a $10,000 college loan with a 5% down payment, a 10% annual percentage rate (APR), and a 36-month repayment period, follow these steps:
1. Determine the down payment: 5% of $10,000 = $500.
2. Subtract the down payment from the loan amount: $10,000 - $500 = $9,500. This is the principal loan amount.
3. Calculate the monthly interest rate: 10% APR / 12 months = 0.833% or 0.00833 as a decimal.


4. Calculate the monthly payment using the loan payment formula: P = r * PV / (1 - (1 + r)⁻ⁿ), where P is the monthly payment, r is the monthly interest rate, PV is the present value (principal loan amount), and n is the number of monthly payments. P = 0.00833 * $9,500 / (1 - (1 + 0.00833)⁻³⁶) = $307.54.
5. Determine the total amount paid over the loan term: Monthly payment * Number of monthly payments = $307.54 * 36 = $11,071.44.
6. Calculate the carrying charges: Total amount paid - Principal loan amount = $11,071.44 - $9,500 = $1,571.44.

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Related Questions

PLEASE HELP ME PLEASE :(

Identify all the lines of symmetry of the following rectangle. Explain, in your own words, how you found the lines.

Answers

Answer:

Vertical line of symmetry, from midpoint of top to midpoint of bottom

Horizontal line of symmetry, from midpoint on left to midpoint on right.

Rotational line of symmetry on the two diagonals.

Step-by-step explanation:

with similar triangles, the corresponding angles are equal. T/F

Answers

True. With similar triangles, the corresponding angles are equal. This property is one of the fundamental characteristics of similar triangles.

Similar triangles are triangles that have the same shape but possibly different sizes. They have corresponding angles that are equal, meaning that the angles in one triangle match the angles in the other triangle. This correspondence allows us to establish proportional relationships between the corresponding sides of the triangles.

The corresponding angles of similar triangles are equal because the angles are determined by the shape and orientation of the triangles, rather than their size. If two triangles have the same shape, their corresponding angles will be equal regardless of their size or position.

This property is the basis for many geometric proofs and calculations involving similar triangles. It allows us to solve problems involving proportions, ratios, and scaling.

By knowing that the corresponding angles of similar triangles are equal, we can confidently apply the principles of similarity to find missing side lengths, determine unknown angles, or establish relationships between different parts of the triangles.

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the yellow cab company charges a flat fee of $3.50 and an additional $2.50 per mile. the relaxicab company charge $2.30 per mile and a $4.54 fee. at how many miles do the two companies charege the same amount? write a system of equations that computes the cost of the cabs. use for the miles, and for the cost.

Answers

Step-by-step explanation:

Since the initial fee is fixed, we can assume it is a constant and the succeeding mile fee is the variable as it changes for every mile covered.

Let x = distance (mile)

let y = total charge (dollars)

Yellowcab company equation for cost calculation;  3.50 + 2.5x = y

laxicab company equation for cost calculation;  4.54+2.3x = z

the two companies charge the same amount when y = z

; 3.50 + 2.5x = 4.54+2.3x

x = 5.2 miles

COST CALCULATION

;3.50 + 2.5x = ?

if x = 5.2;

; 3.50 + 2.5(5.2) =$16.50

OR

; 4.54+2.3x = ?

; 4.54 + 2.3(5.2) = $16.50

talkalot corp. incurs a cost of $350 to produce one unit of a cell phone. the company’s management has priced the product at $600 in the market. considering the technological advancement of the cell phone, customers perceive its value to be around $800. what is the economic value created in this scenario?

Answers

Considering the technological advancement of the cell phone, customers perceive its value to be around $800. In this scenario, the economic value created is $450.

We can solve this by,

Cost: The expenses incurred by a firm while producing goods or providing services are known as cost.

Product: The item that is produced, processed, or delivered for sale is known as a product.

Value: The economic value of a product is determined by how much it is valued in the marketplace, which is a function of how much people are willing to pay for it. In the given scenario,

          Talkalot Corp. Incurs a cost of $350 to produce one unit of a cell phone. The company's management has priced the product at $600 in the market. Considering the technological advancement of the cell phone, customers perceive its value to be around $800.

       As per the scenario, the value created is:

          The value created = Perceived value - Cost Value created

                                          = $800 - $350

          The value created = $450

  Therefore, the economic value created in this scenario is $450.

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A movie complex is showing three action films and three comedy films. you randomly select two different films to watch. find the probability that you select a comedy to watch second given that you randomly selected a comedy to watch first.
the probability is ____%
show all work

Answers

Considering the definition of probability,  the probability that the first movie selected is an comedy movie and the second movie is a action film is 30%.

Definition of probability

Probability is the greater or lesser chance that a given event will occur.

In other words, the probability establishes a relationship between the number of favorable events and the total number of possible events.

Then, the probability of any event A is defined as the ratio between the number of favorable cases (number of cases in which event A may or may not occur) and the total number of possible cases. This is called Laplace's Law.

\(P(A)=\frac{number of favorable cases}{number of possible cases}\)

The multiplication rule or product rule allows you to find the probability that event A and event B occur at the same time.

Two events A and B are dependent if the occurrence of one affects the occurrence of the other. For dependent events, the multiplication rule states that:

P(A∩B)= P(A)× P(B|A) (where P(B|A) indicates “the probability of ‘B’ having occurred ‘A’)

Probability in this case

In this case, you know:

Number of action films= 3 filmsNumber of comedy films= 3 filmsTotal number of films = 6 films

The probability that the first movie selected is an comedy movie and the second movie is a action film.

Once the first movie is selected, there are no longer 6 movies available. There are only 5, because one of the options is eliminated. So the occurrence of the first event affects the second event and the events are dependent.

Then, the probabilty can be calculated A:

Probability= \(\frac{3}{6}\)× \(\frac{3}{5}\)

Probability= 0.3= 30%

Finally, the probability that the first movie selected is an comedy movie and the second movie is a action film is 30%.

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Which graph represents the geometric sequence f(x) = (1) ∙

Answers

The graph that represents the geometric sequence f(x) = (1) ∙ (2)^(x-1) is graph C.

A geometric sequence is a sequence of numbers where each term is equal to the previous term multiplied by a constant value, called the common ratio. In this case, the common ratio is 2. This means that the first term of the sequence is 1, the second term is 1 * 2 = 2, the third term is 2 * 2 = 4, and so on.

The graph of a geometric sequence is a curve that gets closer and closer to the y-axis as x gets larger. This is because the terms of the sequence get smaller and smaller as x gets larger. In the case of the sequence f(x) = (1) ∙ (2)^(x-1), the terms of the sequence get smaller and smaller as x gets larger because the common ratio is 2, which is greater than 1.

Graph C is the only graph that meets all of these criteria. The curve in graph C gets closer and closer to the y-axis as x gets larger. This is because the terms of the sequence f(x) = (1) ∙ (2)^(x-1) get smaller and smaller as x gets larger. Therefore, graph C is the graph that represents the geometric sequence f(x) = (1) ∙ (2)^(x-1).

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what is 5 to the 4th power

Answers

Answer:

625

Step-by-step explanation:

5 times 5 is 25. 25 times 5 is 125. 125 times 5 is 625. Notice how I multiplied 5 repeatedly 4 times.

Answer:

625

Step-by-step explanation:

5 x 5 (=25) x 5 (=125) x 5 = 625

Hope this helps :)

I BEGG I'LL GIVE 100 POINTS

I BEGG I'LL GIVE 100 POINTS

Answers

Answer:

Ok what do you need help on

Step-by-step explanation:

Answer:

how do u need help? What one?

Step-by-step explanation:

The value of √-4 and not -2 because

Answers

Answer:

Step-by-step explanation:

The value of √-4 and not -2 because

-2 * -2 = + 4.

Also there is no real number whose square is a negative.

Hi Student!

This question can seem quite complex but it has a simple explanation.  Just imagine, what is the purpose of a square root?  It shows what can by multiplied against itself and produce the number that is in the square root.  That is why when we take the square root of 4 we get 2 and -2 because they both produce the number 4 when we square them.  Whenever we square a number, no matter if it's positive or negative, the answer will always be positive.  This is because in order to get a negative number only one can be negative to overcome the positive otherwise it's just a double negative.

Therefore, there is a solution to the question of what is the square root of -4.  What we do is practically take out the negative because the square root of -1 is equal to i.  So we take the following steps

Separate the square root

\(\sqrt{-4}\)\(\sqrt{4}*\sqrt{-1}\)

Simplify the expression

\(\sqrt{4}*i\)\(2*i\)

Looking at what we have done, we see that although the explanation behind it might seem complex the actual solving portion isn't too hard when explained.  Therefore, the solution to the square root of -4 would be 2i.

if 100 celsius is the boiling piont of water what is its freezing point

Answers

Answer: 0 degrees Celsius

becca repeatedly tosses a fair coin until she gets a heads, while daniel repeatedly rolls a fair six-sided die until he gets a 3 or higher. calculate the probability that the number of die rolls needed is greater than the number of coin tosses needed.

Answers

We need to roll a die at least 3 times and a coin should be tossed at least 2 times.

What is probability?

Probability is the chance of occurrence of a certain event out of the total no. of events that can occur in a given context.

Given this, Becca repeatedly tosses a fair coin until she gets a head.

The probability of getting a head P(H) is = 1/2.

The probability of getting a number 3 or higher is,

P(3) + P(4) + P(5) + P(6).

= 1/6 + 1/6 + 1/6 + 1/6.

= 4/6.

= 2/3.

So, to get a number 3 or higher we need at least 3 rolls, and to get a head we need at least 2 tosses.

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What type of solution is "x=0" (one solution, no solution, infinite solutions)? Explain.​

Answers

It is a no solution equation

What value of x is in the solution set of -5x – 15 > 10 + 20%?
-2
-1
0
1

Answers

Answer:

-1

Step-by-step explanation:

-5x – 15 > 10 + 20x

-5x -20x > 10+15

-25x > 25

x < -1

A theater charges $5.25 per ticket. The theater has already sold 40 tickets. Write and solve an inequality that represents how many more tickets the theater needs to sell to earn at least $400.

NO LINKS PLEASE :]

Answers

37 more tickets
explanation:
40 x $5.25 = $210
77 x $5.25 = $404.25
77-40=37

Find an LU factorization of the matrix A (with L unit lower triangular). A=




4
−8
10
−8
8


−4
3
5
−7
7


6
−7
0
3
−3




Answers

The LU factorization of matrix A is A = LU, where L = [[1, 0, 0], [-2, 1, 0], [1.5, -3, 1]] and U = [[4, -8, 10], [0, 24, -27], [0, 0, -12.5]].

Let's go step by step to find the LU factorization of matrix A.

Matrix A:

A =

[4, -8, 10]

[-8, 8, -7]

[6, -7, 3]

Step 1:

Initialize the L matrix as an identity matrix of the same size as A.

L =

[1, 0, 0]

[0, 1, 0]

[0, 0, 1]

Step 2:

Perform Gaussian elimination to obtain U.

- Multiply the first row of A by (1/4) and replace the first row of A with the result.

A =

[1, -2, 2.5]

[-8, 8, -7]

[6, -7, 3]

- Subtract 8 times the first row of A from the second row of A and replace the second row of A with the result.

A =

[1, -2, 2.5]

[0, 24, -27]

[6, -7, 3]

- Subtract 6 times the first row of A from the third row of A and replace the third row of A with the result.

A =

[1, -2, 2.5]

[0, 24, -27]

[0, 5, -12.5]

Step 3:

Update the L matrix based on the operations performed during Gaussian elimination.

L =

[1, 0, 0]

[0, 1, 0]

[0, 0, 1]

Step 4:

The resulting matrix A is the upper triangular matrix U.

U =

[1, -2, 2.5]

[0, 24, -27]

[0, 5, -12.5]

Therefore, the LU factorization of matrix A is:

L =

[1, 0, 0]

[0, 1, 0]

[0, 0, 1]

U =

[1, -2, 2.5]

[0, 24, -27]

[0, 5, -12.5]

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A recipe use 5 cups of flour for every 2 cups of sugar .a.how much sugar is used for 1 cup of flour? b.how much flour is used for 1 cup of sugar?c.how much flour is used with 7 cups of sugar ? d.how much sugar is used with 6 cups of flour ?

Answers

Answer:

1 cup of sugar per 2.5 cups of flour.

2.5 cups of flower per 1 cup of sugar.

17.5 cups of flower is used with 7 cups of sugar.

1.6 cups of sugar is used with 6 cups of flour.

Step-by-step explanation:

There are 18 boys and 12 girls in a math class . What is the ratio of girls to total students

Answers

18 boys + 12 girls = 30 total
12:30

Answer:

The ratio of girls to total students is 12:30, which can be simplified to 2:5.

Step-by-step explanation:

You can express the ratio in different ways by using the same numbers, for example, you could say that for every 2 girls, there are 5 total students, or that for every 5 total students, 2 of them are girls.

phyllis teaches marketing at a local college. she wants to select one freshman and one sophomore to attend a conference. if she teaches 8 freshman and 9 sophomores, how many combinations of students could be selected?

Answers

She can select one freshman and one sophomore in 72 ways.

What is Equation Modelling?

Equation modelling is the process of writing a mathematical verbal expression in the form of a mathematical expression for correct analysis, observations and results of the given problem.

Given is Phyllis who wants to select one freshman and one sophomore to attend a conference. She teaches 8 freshman and 9 sophomores

Total number of possible combinations are -

C[8,1] x C[9,1]

8!/(7! x 1!) x 9!/(8! x 1!)

8 x 9

72

Therefore, she can select one freshman and one sophomore in 72 ways.

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PLEASE HELP ASAP, ITS DUE TONIGHT

Tony is 6 years older than his brother Zack. The sum of their ages is 42. Write an equation for
this situation and use it to determine the age of each brother.(**Define your variable)

Answers

Answer:

Zack = x

Tony = x + 6

x + x + 6 = 42

2x + 6 = 42

2x = 36

x = 18

So,

Zack = x = 18

Tony = x + 6 = 18 + 6 = 24

Which best explains whether 9 is a solution to the inequality x greater-than 9?
It is not a solution because 9 is not greater than 9.
It is not a solution because 9 is not less than 9.
It is a solution because 9 is greater than 9.
It is a solution because 9 is less than 9.

Answers

Answer:

It is not a solution because 9 is not greater than 9.

Step-by-step explanation:

Katie is planning to paint the gate of her house that has a glass panel. Painting the gate costs
$4 per square foot. How much will she have to spend to paint the gate?

Katie is planning to paint the gate of her house that has a glass panel. Painting the gate costs$4 per

Answers

Answer:$58.80

Step-by-step explanation:

{[(3 x 4) + (2 x 3)/2] - (0.4 x 0.75)} x $4 = $58.80

4•(2+5)^2 -5^2 how do I solve this?

Answers

Answer:

4•(2+5)^2 -5^2 = 171

Step-by-step explanation:

Do BIDMAS
(brackets, indices, division, multipy, add, sub)

so brackets
4*7^2-5^2
then do the indices
4*49-25
then the multiply
196-25
= 171
Hope this helps

Answer: Brackets => 4 x (7)^2 - 5^2
               Indices/Orders => 4 x 49 - 25

               Multiplication => 196 - 25

               Subtraction => 171

Suppose, as in American Roulette, the wheel has an additional zero, which is denoted ‘00’,
the so-called ‘double zero’. In other words you can bet on any of the following ‘numbers’:
00, 0, 1, 2, 3, 4, … , 36
The payoffs are the same for both American and European Roulette.
9. What is the house advantage associated with any given bet in American Roulette?
(Express your answer as a % win for the house, correct to three decimal places. Do
not enter the % sign)
10. Which game has the lowest expected reward from a player’s point of view? Select
the correct option: American Roulette / European Roulette / Neither, they are
designed to be equal

Answers

The house advantage associated with any given bet in American Roulette is 5.263%.

In American roulette, the wheel has an additional zero, which is denoted as ‘00’.

There are 38 slots on the wheel which include numbers 00, 0, and 1 to 36.

As the payoffs for both American and European roulette are the same, the probability of winning in American roulette is less than that of European roulette.

The reason behind this is that the additional zero in American roulette increases the number of slots which reduces the chances of winning for any given bet.

The formula to calculate the house advantage is as follows:

House advantage = [ (n-k)/ n ] x 100Where n = total number of slots (38) and k = total number of slots on which the bet wins

The total number of slots on which a bet wins varies from bet to bet.

For instance, if a player places a bet on a single number in American roulette, there is only one slot on which the bet wins, i.e., the probability of winning is 1/38.

Therefore, the house advantage is:(38 - 1)/38 x 100 = 2.63%

However, if a player places a bet on red or black, there are eighteen slots on which the bet wins, i.e., the probability of winning is 18/38.

Therefore, the house advantage is:(38 - 18)/38 x 100 = 47.37/38 x 100 = 5.263%

Hence, the house advantage associated with any given bet in American Roulette is 5.263%.10. European roulette has the lowest expected reward from a player's point of view.

The expected reward of the game is directly proportional to the house advantage. The game with the lowest house advantage has the highest expected reward for the player.

As the house advantage in European roulette is lower than that in American roulette, European roulette has the lowest expected reward from a player's point of view.

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Please let me know if this is correct and if not what is the correct answer. Thanks

Please let me know if this is correct and if not what is the correct answer. Thanks

Answers

There’s nothing on the picture

Answer:

is it about your future profession or your dream

Step-by-step explanation:

Solve 2(1-x)>2x
X<0.5
X<2
X>2
X>0.5

Solve 2(1-x)&gt;2xX&lt;0.5X&lt;2X&gt;2X&gt;0.5

Answers

Answer:

x < 0.5

Step-by-step explanation:

2(1 - x) > 2x ( divide both sides by 2 )

1 - x > x ( add x to both sides )

1 > 2x ( divide both sides by 2 )

0.5 > x , that is

x < 0.5

Find the diameter of a circle whose circumference is 77cm

Answers

The diameter of the circle will be 24.5 cm.

According to the question,

Circumference of the circle = 77 cm

2 π r = 77

π r = 77/2

r = 77/2 * 7/22

r = 7/2 * 7/2

r = 49/4

r = 12.25

The radius of the circle will be 12.25 cm

Diameter of the circle = 2r

                                      = 2 * 12.25

Diameter of the circle will be 24.5 cm.

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A box of chocolates contains five milk chocolates, three dark chocolates, and four white chocolates. You randomly select and eat three chocolates. The first piece is milk chocolate, the second is white chocolate, and the third is milk chocolate. Find the probability of this occuring.
A. 28/165
B. 1/8
C. 180/1331
D. 2/33

Answers

The answer will be B. 1/8

10^3
10^14=10negative^11
true or false

heeellllp asap

Answers

Answer:

False

Step-by-step explanation:

Using the rule of exponents

\(a^{m}\) × \(a^{n}\) ⇔ \(a^{(m+n)}\) , then

\(10^{3}\) × \(10^{14}\) = \(10^{(3+14)}\) = \(10^{27}\)

The riddle family income is 3400 per month. They spend 1088 per month on housing. Use information to determine the percent of the budget spent on housing

Answers

Answer:

32%

Step-by-step explanation:

\(\frac{1088}{3400}\)=\(\frac{x}{100}\)

(1088)(100)=(3400)(x)

108800=3400x

x=32

32%

The percent of the budget spent on housing is 31.76%.

What is percentage?

Percentage is a mathematical term which means number or ratio expressed in terms of fractions of 100. it can be calculated by dividing given value to the whole value and multiplied by 100. we represent it through ' %'.

Given that, The riddle family income is 3400 per month.

They spend 1088 per month on housing.

We know the formula for percentage which is;

Percentage = (given value/whole value)*100,

Percentage =  (1080/3400)*100

Percentage = 31.76

Hence, The percentage is 31.76%.

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21. BRAINLIEST! URGENT!​

21. BRAINLIEST! URGENT!

Answers

Answer:

100

Step-by-step explanation:

here we are solving for x

first plug in 100 for the ys in the equation

0.10x + 0.10(100) = 0.18(x + 100)

simplify

0.10x + 10 = 0.18x + 18

get x by itself

-8 = 0.08x

-100 = x

so the reasonable answer here would be 100

hope this helps <3

The answer is 100 hopefully it’s correct
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In what ways do these observations lend support to:(a) the path dependency thesis presented in Chapter 3 of Cypher and Dietz; and(b) Sens proposition that freedom/capabilities themselves are important means to the expansion of further freedoms/capabilities? which of the following is not an element of a concept map? a. a main concept is written at the top of the page. b. lines with words that briefly explain relationships between concepts. c. related concepts are arranged in a hierarchy. d. concept maps do not include nouns. Given sin=1/7 determine the value of sec . 0 Please answer this correctly without making mistakes Which of the following statements is true?Please help meeee During a pandemic, adults in a town are classified as being either well, unwell, or in hospital. From month to month, the following are observed: . Of those that are well, 20% will become unwell. . Of those that are unwell, 40% will become unwell and 10% will be admitted to hospital. . Of those in hospital, 50% will get well and leave the hospital. Determine the transition matrix which relates the number of people that are well, unwell and in hospital compared to the previous month. Hence, using eigenvalues and eigenvectors, determine the steady state percentages of people that are well (w), unwell (u) or in hospital (h). Enter the percentage values of w, u, h below, following the stated rules. You should assume that the adult population in the town remains constant. If any of your answers are integers, you must enter them without a decimal point, e.g. 10 If any of your answers are negative, enter a leading minus sign with no space between the minus sign and the number. You must not enter a plus sign for positive numbers. If any of your answers are not integers, then you must enter them with exactly one decimal place, e.g. 12.5, rounding anything greater or equal to 0.05 upwards. Do not enter any percent signs. For example if you get 30% (that is 0.3 as a raw number) then enter 30 These rules are because blackboard does an exact string match on your answers, and you will lose marks for not following the rules. Your answers: W u: .h: Fire and IceRobert FrostSome say the world will end in fire;Some say in ice.From what I've tasted of desireI hold with those who favor fire.But if it had to perish twice,5I think I know enough of hateTo know that for destruction iceIs also greatAnd would suffice.In this poem, the speaker's overall attitude about the end of the world can best be described asGroup of answer choicestragically mysterious.strongly emotional.infinitely clear.coldly analytical. A compound inequality is shown below.x 3 and x 0Which graph represents the solution of the inequality? Build out a spreadsheet to calculate a DV01 for a CDS. Assume annual payments and build for 10-years. With a risk free rate of 3% and a default rate of 5%, what is the value of a 1 bps change in CDS spread?