Lucy borrowed $73,250 to purchase a home. The bank offered her an APR of 3.15% for a term length of 20 years. Excel calculates the monthly payment to be $411.77. If she were to pay only the minimum payment for the lifetime of the loan, how much will Lucy be paying in interest?

Answers

Answer 1

Amount Lucy will be paying in interest will be $38,596.2  

Using the compound amount formula to get the amount after she will pay back after 20 years expressed as:

[tex]A =P(1+\frac{r}{n} )^{nt}[/tex]

A is the amount after 20 yearsr is the rate = 3.15% = 0.0315time in years = 20 yearsn is the compounding time = 12 (monthly)P is the amount borrowed =  $73,250

Substitute the parameters into the formula;

[tex]A=73,250(1+\frac{0.0315}{12} )^{20(12)}\\A= $73,250 (1.8761)\\A= \$137,421.49[/tex]

If Excel calculates the monthly payment to be $411.77, the amount paid for 20 years will be $411.77 * 240months = $98,824.8

Amount Lucy will be paying interest will be $137,421- $98,824.8 = $38,596.2  

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Related Questions

HURRY!

Given the function ƒ = {(1 , 2), (2 , 3), (3 , 4)} write the set of ordered pairs representing ƒ -1.
Select one:
a. {(1, 2), (3, 2), (4, 3)}
b. {(2,1), (3, 2), (4, 3)}
c. {(2, 1), (2, 3), (3, 4)}

Answers

C is s the answer because your just repeating

The set of ordered pairs is {(2, 1), (2, 3), (3, 4)} which represents ƒ -1, which is the correct answer that would be an option (C).

What is an ordered pair?

An ordered pair is made up of two components isolated by a comma and put inside parentheses. (x, y) indicates an ordered pair, where 'x' is the first component and 'y' is the second component in the ordered pair.

Given the function ƒ = {(1 , 2), (2 , 3), (3 , 4)}

According to option (A),

The set of ordered pairs is {(1, 2), (3, 2), (4, 3)}

This represents ƒ -3,

According to option (B),

The set of ordered pairs is {(2,1), (3, 2), (4, 3)}

This represents ƒ -2,

According to option (C),

The set of ordered pairs is {(2, 1), (2, 3), (3, 4)}

This represents ƒ -1,

Thus, the set of ordered pairs is {(2, 1), (2, 3), (3, 4)} which represents ƒ -1.

Hence, the correct answer would be option (C).

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A permanent magnet d.c. motor has an armature resistance of 0.5 Ω and when a voltage of 120 V is applied to the motor it reaches a steady-state speed of rotation of 20 rev/s and draws 40 A. What will be (a) the power input to the motor, (b) the power loss in the armature, (c) the torque generated at that speed

Answers

Answer:

applied to the motor it reaches a steady-state speed of rotation of 20 rev/s and draws 40 A. What will be (a) the power input to the motor, (b) the power loss in the armature, (c) the torque generated at that speed

voltage of 120 V is applied to the motor it reaches a steady-state speed of rotation of 20 rev/s and draws 40 A. What will be (a) the power input to the motor, (b) the power

Find the equation of the line.

Answers

Answer:

y = 2x + -3

Step-by-step explanation:

Use the equation y=mx+b

m is the slope (2 in this case)

b is the y intercept (-3 in this case)

The equation of the line would be y = 2x + -3

Determine the slope from the given graph below:

A • The slope is 5
B • The slope is -1/5
C • The slope is 7
D • The slope is -7

(I’ll give brainliest <3)

Answers

Slope is the change in Y over the change in x.

Use 2 points on the graph(x,y) to use to solev6.

(2,3) and (0,-7)

Slope = (-7 -3) / (0-2)

Slope = -10/-2

Slope = 5

Answer: A the slope is 5

What is the value of x?
O
O x = 32
O x = 36
x = 37
(x + 15)

(4x - 20)
O x = 40

Answers

Answer:

x + (4x-20) = 180

by linear pair

therefore x= 70

Applying the definition of linear pair, the value of x is: D. 40.

What is a Linear PairA linear pair is a set of angles on a straight line.Straight line angle = 180 degrees.Linear pair of angles add up to 180 degrees.

Therefore:

x + (4x - 20°) = 180°

Solve for x

5x - 20 = 180

5x = 180 + 20

5x = 200

Divide both sides by 5

x = 40

Therefore, applying the definition of linear pair, the value of x is: D. 40.

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3plss help, it times;;;;;;;;;;;;;;;;;;;;;;;;;

Answers

Answer:

w=4

Step-by-step explanation:

72/48=6/w

3/2=6/w

12=3w

w=4

The ratio 5/8 to 10/9 has a unit rate of 9/16

True or false

Answers

Answer:

This is false.

Step-by-step explanation:

The easiest thing to do is notice that 8 goes into 16 whilst 9 doesn't so that shows 9/16 would not be the unit rate.

The ratio 5/8 to 10/9 has a unit rate of 9/16 is false.

What is a unitary method?

A unitary method is a mathematical way of obtaining the value of a single unit and then deriving any no. of given units by multiplying it with the single unit.

Given are two ratios 5/8 and 10/9.

The unit rate of (5/8) is (5/8)/(8/8) = 5/8 = 0.625 similary the unit rate of the ratio 10/9 is 1.11.

Now, the unit rate of 9/16 is 0.5625 which is not in the range of two ratio's unit rates.

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How much momentum does a 50 kg mass moving west at 10 m/s have?

Answers

Answer:

  (a)  500 kg·m/s west

Step-by-step explanation:

Momentum is the product of mass and velocity.

  p = mv

  p = (50 kg)(10 m/2 west)

  p = 500 kg·m/s west

Factor x4 - y4 completely.
A) (x^2 + y^2)(x + y)(x - y)
B) (x^2 - y^2)(x + y)(x - y)
C) (x^2 + y^2)(x - y)(x - y)
D) (x^2 + y^2)(x + y)(x + y)

Answers

Option A

Rate as BRAINLIEST

if any doubt leave a comment

The volume (V) of a rectangular pyramid can be determined by using the following
formula.
Iwi
V
Where l= the length of the rectangle, w = the width of the rectangle, and h = the heigh
of the pyramid, what is the result of solving this equation for w?
Ow=3V-th
O2 - V +3 - th
V3
th
3V
O w=

Answers

Answer:

[tex]{ \rm{V = \frac{lwh}{3} }} \\ \\ { \rm{3V = lwh}} \\ \\ { \boxed{ \rm{ \: w = \frac{3V}{lh } \: }}}[/tex]

A local flower shop sells a dozen roses for $15.48 if each rose cost the same price how much would It cost per rose

Answers

one rose would cost $1.29

Ivy is graphing how much money she earns for each hour of babysitting. She finds that the data tends to be linear and draws a line that passes through the points (2, 17) and (5, 42.50). About how much does Ivy earn per hour? A. $42.50 B. $17 C. $25.50 D. $8.50

Answers

Answer: 8.5

Step-by-step explanation: (42.50 - 17) ÷ (5 - 2)

= 25.50 ÷ 3

= 8.5

Thank me later

Yeah it’s 8.5
42.50/5=8.5 and 17/2=8.5



Find the equation of the line l that is perpendicular to -3x + 6y = 11 and I passes
through the point (-2, 3)

Answers

Answer:

Step-by-step explanation:

-3x + 6y = 11

Put into slope-intercept form to find the slope

6y = 3x + 11

 y = 3x/6 + 11/6

 y = ½x + 11/6

so slope is ½

perpendicular lines have negative reciprocal slopes, so our perpendicular line has slope -2

the slope point form of the perpendicular line will be

(y - 3) = -2(x -(-2))

(y - 3) = -2(x +2)

the slope intercept form will be

y = -2x - 4 + 3

y = -2x - 1

6. Gloria has 7 yellow pencils. She has 9 red pencils. Which strategy
would NOT help you find 9 -
- 7?
A Make 10
(B
Think Addition
Count to Subtract
My Way

Answers

The strategy that won't help her to calculate 9 - 7 is (a) Make 10

The given parameters are:

[tex]Yellow = 7[/tex]

[tex]Red = 9[/tex]

To determine 9 - 7,

She can use addition, as in 9 + (-7)She can subtract directly by counting

However, she cannot make 10.

This is so, because 9 and 7 are not up to 10

Hence, the strategy that won't help her to calculate 9 - 7 is (a)

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(8 pts)
7. Solve the following system using a matrix and converting the matrix to reduced row
echelon form, without introducing any fractions.
3x - 2y + 5z = -7
x – y + 3z = -5
4x + y + z = 6

Answers

Answer:

{x,y,z} = {-22/13,29/13,6/13} 

Write the system as the following augmented matrix:

[tex]\left[ \begin{array}{ccc|c} 3 & -2 & 5 & -7 \\ 1 & -1 & 3 & -5 \\ 4 & 1 & 1 & 6 \end{array} \right][/tex]

Swap rows 1 and 2 :

[tex]\left[ \begin{array}{ccc|c} 1 & -1 & 3 & -5 \\ 3 & -2 & 5 & -7 \\ 4 & 1 & 1 & 6 \end{array} \right][/tex]

Eliminate the x coefficient from the last two rows by add -3 (row 1) to row 2, and -4 (row 1) to row 3 :

[tex]\left[ \begin{array}{ccc|c} 1 & -1 & 3 & -5 \\ 0 & 1 & -4 & 8 \\ 0 & 5 & -11 & 26 \end{array} \right][/tex]

Eliminate the y coefficient from the first and last rows by adding row 2 to row 1, and -5 (row 2) to row 3 :

[tex]\left[ \begin{array}{ccc|c} 1 & 0 & -1 & 3 \\ 0 & 1 & -4 & 8 \\ 0 & 0 & 9 & -14 \end{array} \right][/tex]

Eliminate the z coefficient from the second row by adding 4 (row 3) to 9 (row 2) :

[tex]\left[ \begin{array}{ccc|c} 1 & 0 & -1 & 3 \\ 0 & 9 & 0 & 16 \\ 0 & 0 & 9 & -14 \end{array} \right][/tex]

Eliminate the z coefficient from the first row by adding row 3 to 9 (row 1) :

[tex]\left[ \begin{array}{ccc|c} 9 & 0 & 0 & 13 \\ 0 & 9 & 0 & 16 \\ 0 & 0 & 9 & -14 \end{array} \right][/tex]

Then the solution to the system is (x, y, z) such that

9x = 13 and 9y = 16 and 9z = -14

or

x = 13/9 and y = 16/9 and z = -14/9

16,40 and 56 LCM
Solve please

Answers

Answer:

pic?

Step-by-step explanation:

send me the picture please

Find the volume of the prism. Round to the nearest tenth.

Answers

Answer:

A: 437.1 cm³

Step-by-step explanation:

You find the area of the prism by the base of the prism & height multiplied together.

Here, the base of the prism is a triangle.

All the triangles sides are given, so lets lave them: A:8, B:8, and C:10.

Using SSS, we can find the area, which is ≈ 31.1.

If we multiply that number by 14.

We get he area of the prism.

Depending on how your rounded, the area of the prism is:

≈437.2, which is close enough to know that the asswer is A: 737.1 cm³

Hope this helped <3

Rewrite in simplest terms: (-8x– 6y) + (6x – 3y)​

Answers

Answer:

-5x - 6y

Step-by-step explanation:

Firstly,  you remove any uncessary parentheses and collect like terms.

So that becomes -8x - 6y + (3x)

Hence, the brackets can be removed, which means we can continue to collect like terms which gives the final answer of -5x - 6y

What is the distance, rounded to the nearest tenth, between the points (2, 1) and (6, 6)? Enter the answer in the box.
units​

Answers

Answer:

6.4 should be the correct answer

Step-by-step explanation:

if im wrong and you wanted it in a different format im sorry

A car traveled 133 miles in 4 3/4 hours. What was the cars average speed in miles per hour?

Answers

4 3/4 = 19/4

 

133/(19/4) = 133(4/19) = 1197/19 = 63 mph

Determine the slope from the given graph below:

A ➼ The slope is -7
B ➼ The slope is−16
C ➼ The slope is 6
D ➼ The slope is -6

(Please help me! I'll mark brainliest and give five stars.<3)

Answers

Step-by-step explanation:

again (I just answered the same question), the slope is the ratio "y coordinate change / x coordinate change".

I see e.g the points

(-1, -1) and (0, -7) on the line.

x changes by +1 (from -1 to 0).

y changes by -6 (from -1 to -7).

so, the slope is -6/1 = -6.

so, D is the right answer.

Factor Completely. 2a(x+y)+b(x+y)

Answers

Let's simplify step-by-step.

2a(x+y)+b(x+y)

Distribute:

=(2a)(x)+(2a)(y)+(b)(x)+(b)(y)

=2ax+2ay+bx+by

Answer:=2ax+2ay+bx+by

The simplification of the expression is 2ax+2ay+bx+by.

What is an expression?

The mathematical expression combines numerical variables and operations denoted by addition, subtraction, multiplication, and division signs.

Mathematical symbols can be used to represent numbers (constants), variables, operations, functions, brackets, punctuation, and grouping. They can also denote the logical syntax's operation order and other properties.

An algebraic equation is a statement of the equality of two expressions formulated by applying algebraic operations to a set of variables.

Given expression is 2a(x+y)+b(x+y). The expression will be solved as below,

E = 2a(x+y)+b(x+y)

Multiply the values in the whole bracket and simplify,

E = (2a)(x)+(2a)(y)+(b)(x)+(b)(y)

E = 2ax+2ay+bx+by

The simplified expression is given as 2ax+2ay+bx+by.

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I need help with this!!!!

Answers

Answer:

246b  

Step-by-step explanation: i did this

Need help asap please !!!

Answers

Slope = change in y / change in x

Slope = (2-1)/(3 - -1)

Slope = 1/4

The answer would be M=1/4

Solution A is 40% acid and solution B is 80% acid. How many
liters of each should be used in order to make 100 L of a solution
that is 64% acid?

Answers

Step-by-step explanation:

Solution A is 40% acid and solution B is 80% acid. How many

liters of each should be used in order to make 100 L of a solution

is 64% acid

There should be 40 L of solution A and 60 L of solution B should be added in order to make 100 L of a solution that is 64% acidic.

What is equation?

An equation is a mathematical statement that shows that two mathematical expressions are equal.

Given that, solution A is 40% acidic and solution B is 80% acidic, they are mixed to get a 100 L solution which is 64% acidic.

Establishing the equations,

A+B = 100

A = 100-B.......(i)

40% of A + 80% of B = 64% of 100

0.4A + 0.8B = 64......(ii)

Solving the equations,

0.4(100-B) + 0.8B = 64

40 - 0.4B + 0.8B = 64

0.4B = 24

B = 24/0.4

B = 60

Putting, B = 60 in Eq(i)

A = 100-60

A = 40

Hence, The amount of solutions needed is A = 40 L and B = 60 L.

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rotate point B about point F 288 degrees clockwise

Answers

When a shape is rotated, it must be rotated through a point

The new position of point B is point A

The angle of rotation is given as:

[tex]Angle = 288^o[/tex]

The shape is a regular pentagon (with 5 sides).

The smallest angle of rotation that maps the pentagon onto itself is calculated using:

[tex]\theta = \frac{360}n[/tex]

So, we have:

[tex]\theta = \frac{360}5[/tex]

[tex]\theta = 72[/tex]

Let the number of rotations be n.

So, we have:

[tex]\theta \times n= Angle[/tex]

This gives

[tex]72 \times n= 288[/tex]

Divide both sides by 72

[tex]n= 4[/tex]

This means that the new position of B is 4 points away from B.

Point A is 4 points away from B, in clockwise direction

Hence, the new position of point B is point A

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Find the domain and the range of the given relation {(-1,-5),(-3,0),(9,1),(1,9)}

Answers

Answer:

1,3,4,6,8} { 1 , 3 , 4 , 6 , 8 }. Range:{2,4,5,7,9}

Step-by-step explanation:

The domain is the set of all the values of x x . The range is the set of all the values of y y .

Determine the slope from the given graph below:

A ⇹ The slope is -7
B ⇹ The slope is−16
C ⇹ The slope is 6
D ⇹ The slope is -6

Answers

Step-by-step explanation:

although there is no graph visible here, I suspect this is the same question as I just answered twice already.

the slope is -6.

D is the right answer.

Should I write the answer as decimal or a whole number

Answers

Maybe write the answer as a Decimal, sorry if that’s wrong ?
Maybe it should make sense as a decimal?

In an A.P. if Tₚ = q and Tq = p, then find the rth term.
Please solve this problem​

Answers

Formula:

We know that

nth term of the AP is Tn = a+(n-1)d

Where, a = First term

d = Common difference

n = number of terms

Now,

Given that

pth term of the A.P. = Tp = q

⇛a + (p-1)d = q

⇛(p-1)d = q - a

⇛d = (q-a)/(p-1) →→→→(i)

and

qth term of the A.P. = Tq = p

⇛a + (q-1) d = p

⇛ (q-1)d = p-a

⇛ d = (p-a)/(q-1) →→→→(ii)

From Eqn(i) and Eqn(ii)

⇛(q-a)/(p-1) = (p-a)/(q-1)

On applying cross multiplication then

⇛(q-a)×(q-1) = (p-a)×(p-1)

⇛q²-q-aq+a = p²-p-ap+a

⇛q²-q-aq = p²-p-ap

⇛ap-aq = p²-p+q-q²

⇛a(p-q) = (p²-q²)-(p-q)

⇛a(p-q) = (p+q)(p-q)-(p-q)

⇛ a(p-q) = (p-q){(p+q)-1}

On cancelling (p-q) both sides then

⇛a = (p+q-1) →→→→Eqn(iii)

On Substituting the value of a in Eqn(ii) then

⇛ d = [p-(p+q-1)]/(q-1)

⇛d = (p-p-q+1)/(q-1)

⇛d = (-q+1)/(q-1)

⇛d = -(q-1)/(q-1)

⇛d = -1

We have,

a = p+q-1 and d = -1

Now, rth term of the AP

⇛ Tr = a + (r-1)d

⇛Tr = (p+q-1)+(r-1)(-1)

⇛ Tr = p+q-1+(-r+1)

⇛ Tr = p+q-1-r+1

⇛ Tr = p+q-r

Therefore, Tr = p+q-r

Answer: rth term of the given A.P. is p+q-r

Answer:

rth=q+p+qxp

Step-by-step explanation:

rth= 3 of the T and Tq added together and joined.

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