An amortized loan of RM60,000 has annual payments for fifteen years, the first occurring exactly one year after the loan is made. The first four payments will be for only half as much as the next five payments, whereas the remaining payments are twice as much as the previous five payments. The annual effective interest rate for the loan is 5%. I If the first four payments are X each, calculate the amount of principal repaid in the eighth payment and the amount of interest in the twelfth payment.​

Answers

Answer 1

9514 1404 393

Answer:

  a) RM2256.09 . . . principal paid by 8th payment

  b) RM1791.10 . . . . interest paid by 12th payment

Step-by-step explanation:

First of all, we need to find the payments.

The payment amount is the amount that makes the future value of the series of payments equal to the future value of the loan at the given interest rate.

The future value of a single amount is ...

  FV = P(1 +r)^n . . . . . where r is the annual rate, and n is the number of years in the future

The future value of a series of payments is ...

  FV = P((1 +r)^n -1)/r . . . . . where n is the number of payments of P earning annual rate r

For payments in a series that does not end at the end of the loan, the future value is the product of that of the series and the effect of the accumulation of interest for the remaining time.

__

The first 4 payments will have a future value at the end of the loan period of ...

  s1 = X((1 +0.05)^4 -1)/0.05×(1 +0.05)^11 = X(1.05^15 -1.05^11)/0.05

  s1 = 7.3717764259X

The next 5 payments will have a future value at the end of the loan period of ...

  s2 = 2X((1 +0.05)^5 -1)/0.05×(1 +0.05)^6 = 2X(1.05^11 -1.05^6)/0.05

  s2 = 14.8097486997X

The last 6 payments will have a future value at the end of the loan period of ...

  s3 = 4X((1 +0.05)^6 -1)/0.05 = 27.20765125X

So, the total future value of the series of payments is ...

  payment value = 7.3717764259X +14.8097486997X +27.20765125X

  = 49.3891763756X

__

The future value of the loan amount after 15 years is ...

  loan value = 60,000(1 +0.05)^15 = 124,735.69

In order for these amounts to be the same, we must have ...

  49.3891763756X = 124,735.69

  X = 124,735.69/49.3891763756 = 2,525.57

__

At this point, it is convenient to use a spreadsheet to find the interest and principal portions of each of the loan payments. (We find the interest charge to be greater than the payment amount for the first 4 payments. So, the loan balance is increasing during those years.)

In the attached, we have shown the interest on the beginning balance, and the principal that changes the beginning balance to the ending balance after each payment. (That is, the interest portion of the payment is on the row above the payment number.)

The spreadsheet tells us ...

A) the principal repaid in the 8th payment is RM2,256.09

B) the interest paid in the 12th payment is RM1,791.10

_____

Additional comment

The spreadsheet "goal seek" function could be used to find the payment amount that makes the loan balance zero at the end of the term.

We have used rounding to sen (RM0.01) in the calculation of interest payments. The effect of that is that the "goal seek" solution is a payment value of 2525.56707 instead of the 2525.56734 that we calculated above. The value rounded to RM0.01 is the same in each case: 2525.57.

An Amortized Loan Of RM60,000 Has Annual Payments For Fifteen Years, The First Occurring Exactly One

Related Questions

An object travels along the x-axis so that its position after t seconds is given by x(t) = 2t2 – 5t – 18 for all times t such that t ≥ 0.

Which inequality describes all times t for which the object is traveling toward the right?

Answers

the function is given, and it's value is where the object is ("how far to the right").

so as long as it rises (going more right), this will be apply.

in the screenshot I graphed the function. of course t is graphed as x and "along the x-axis" is graphed as y, but the pattern is the same anyways.

for the first 1.25 seconds the object goes to the left, and after that always to the right.

since we look at t to calculate x, t effectively takes the role of the important variable that is normally given to x. the calculation pattern are just the same. so let's find the lowest point of this function by calculating it out.

x(t) = 2t² – 5t – 18

x'(t) = 4t -5

x'(t) = 0

0 = 4t -5

5 = 4t

1.25 = t

plugging it into the second derivative

x''(t) = 4

x''(1.25) = 4

it's positive, so at t=1.25 there is a low point

(of course the second derivative is constant anyways.)

the object is traveling toward the right

the object is traveling toward the rightfor t > 1.25

The object is moving to the right, for t > 1.25, the object is moving in a rightward direction.

What is inequality?

It is defined as the expression in mathematics in which both sides are not equal they have mathematical signs either less than or greater than known as inequality.

We have:

An object travels along the x-axis so that its position after t seconds is given by:

x(t) = 2t² – 5t – 18

x'(t) = 4t - 5

x'(t) = 0

4t -5 = 0

t = 5/4 = 1.25 seconds

x''(t) = 4

x''(1.25) = 4

x''(1.25) > 0

At t = 1.25 the object travels at a low point.

Thus, the object is moving to the right, for t > 1.25, the object is moving in a rightward direction.

Learn more about the inequality here:

brainly.com/question/19491153

#SPJ2

An electrician charges a fee of $40 plus $25 per hour. Let y be the cost in dollars of using the electrician for x hours. Choose the correct equation.

y = 40x - 25


y = 25x + 40


y = 25x - 40


y = 40x + 25

Answers

Answer:

y = 25x + 40

Step-by-step explanation:

The electrician charges $25 per hour.

The number of hours is x.

Therefore after x hours the electrician will charge $25x. (multiply the charge by the number of hours $25 * x)

Therefore fee(y) charged by the electrician = $40 + $25x

Hence y = 25x + 40

Sam is five years old his brother Tom is three times as old as Sam when sam is 20 how old will Tom be?

Answers

Answer:

30

Step-by-step explanation:

5 x 3 = 15

15 - 5 = 10

20 + 10 = 30

If JKL = TUV which of the following can you not conclude as being true

Answers

Answer:

Step-by-step explanation:

D

Answer:

J ≅ V

Step-by-step explanation: I took the same test (:

A triangle is rotated 90° about the origin. Which rule describes the transformation?
(x, y) (-x, -y)
O(x,y) (-y, x)
(x, y) (-), -x)
(x,y) →ly, -x)

Answers

Answer:

(x,y) -> (-y,x), second option.

Step-by-step explanation:

Rotation of 90 degrees about the origin:

The rule for a rotation of a point (x,y) 90 degrees about the origin is given by:

(x,y) -> (-y,x)

This is that the question asks, and so, this is the answer, which is the second option.

which of the following is the correct graph of the solution to the inequality -18 > 5x + 2 > -48?

Answers

Answer:

good luck

.............

Answer: the third one. filled circle for 4 ,5,6,7,8,9, open circle 10

Step-by-step explanation:

An observer, who is standing 47 m from a building, measures the angle of elevation of the top of the building as 30˚. If the observer’s eye is 167 cm from the ground, what is the exact height of the building?

Answers

9514 1404 393

Answer:

  28.81 m

Step-by-step explanation:

The tangent relation can help find the height of the building above the observer's eye.

  Tan = Opposite/Adjacent

  Opposite = Adjacent·Tan

  above eye height = (47 m)(tan 30°) ≈ 27.14 m

Adding this to the eye height gives the height of the building above the ground where the observer is standing.

  27.14 m + 1.67 m = 28.81 m

The height of the building to the nearest centimeter is 28.81 meters.

I need help guys thanks so much

Answers

Answer:

A.  243

Step-by-step explanation:

[tex] 81^\frac{5}{4} = (3^4)^\frac{5}{4} = 3^{4 \times \frac{5}{4}} = 3^5 = 243 [/tex]

Answer: A

I just simplified it to 3^5, and that is also 243.

At the Olympic games, many events have several rounds of competition. One of these events is the men's 100100100-meter backstroke. The upper dot plot shows the times (in seconds) of the top 888 finishers in the semifinal round at the 201220122012 Olympics. The lower dot plot shows the times of the same 888 swimmers in the final round. A dot plot is divided into 2 parts labeled, Semifinal Round and Final Round. The horizontal axis is labeled, Time, in seconds, from 52 to 54, in increments of 0.10 second. The portion of the dot plot dedicated to Final Round has dots above the following points; 52.2, 52.3, 52.8, 53.1, 53.2, 53.3, 53.5, and 53.8. The portion of the dot plot dedicated to Semifinal Round has dots above the following points; 52.7, 53, 53.3, 53.3, 53.5, 53.5, 53.5, and 53.7. Which pieces of information can be gathered from these dot plots? (Remember that lower swim times are faster.)

Answers

Answer: None of the above.

Step-by-step explanation:

I got it right on khan. I’ll explain a little though. Semifinals median=47.05. Finals median=53.05.  Therefore A is not and option and B is DEFINITLEY not an option. Sorry I’m not good at explaining

Answer:

None of the above

Step-by-step explanation:

Got it right on test

an expression equivalent to 12+ 21 is

Answers

Answer:

33

Step-by-step explanation:

The answer is 1628. Because 16 x 21 = 28 x 12 = 336

Hope this helps

(A+B)^2
Giúp mình với ạ

Answers

Answer:

= a^2 + 2.a.b + b^2

I WILL GIVE BRAINLEST FAST PLEASE ANSWER THE QUESTION IN THE IMAGE

Answers

Answer:

Cannot be determined

Step-by-step explanation:

We only know one angle and we could only compare one set of sides.

We do not have enough information to determine if the triangles are similar

Answer: D. Cannot be determined

why is (3, -5) not a solution to -x+4=-15 and -2x-3y=-8

Answers

Step-by-step explanation:

-x+4y= -15

-2x-3y=-8

the intersection point isn't (3,-5)

it's approximately (-1.1818 ,3.45455 )

Answer:

see below

Step-by-step explanation:

Check the solution in both equation

-x+4 = -15

-3 +4 = -15

1 does not equal -15 so it is not a solution

-2x-3y = -8

-2(3)+-3(-5) = -8

-6 +15 = -8

9 = -8

It is not a solution to either equation

Which percent is eguivalent to 2.5?

1)2.5%
2)25%
3)250%
4)2,500%

Answers

Answer: 250%

since, 100% = 100/100

250% = 250/100

Step-by-step explanation:

I believe the answer is 250%, percent is usually out of 100 so 2.5•100=250%

Average person who drives car in United States drives 15, 350 miles which is 50% more than an average driver in Europe. We assume that the number of yearly miles by U.S. drivers is approximately a normal random variable of standard deviation of 4200 miles. Calculate percent of drivers who traveled between 10,000 to 12,000 miles in a year.

Answers

Answer:

7,675

that is your answer

find the value of x²-6x+13 when x=3+2i​

Answers

Answer:

18

Step-by-step explanation:

x squared -6 +13

5 squared-6×3+2+13

25-20+13

5+13

=18

Juan had 5 candy bars for himself and 4 friends to share with after lunch. Then three other friends joined them. Juan divided the 5 candy bars equally with all of his friends. How much did each person get?

Answers

Answer:

5/8

Step-by-step explanation:

There are 5 people when 3 more join for a total of 8 people

5 candy bars divided by 8 people

Take the candy bars and divide by the people

5/8

Based on the Nielsen ratings, the local Fox affiliate claims its 10:00 PM newscast reaches 31% of the viewing audience in the area. In a survey of 100 viewers, 26% indicated that they watch the late evening news on this local Fox station. What is the null hypothesis

Answers

Answer:

The null hypothesis is [tex]H_0: p = 0.31[/tex]

Step-by-step explanation:

Based on the Nielsen ratings, the local Fox affiliate claims its 10:00 PM newscast reaches 31% of the viewing audience in the area.

From the claim, we get the expected proportion, that is, the value tested at the null hypothesis. Thus, at the null hypothesis, we test if the proportion is of 31%, that is:

[tex]H_0: p = 0.31[/tex]

what is the area of a circle if the radius is 9 m​

Answers

Answer:

(approximately) 254.34 meters

Step-by-step explanation:

Concepts:

Area is the amount of space a 2D shape has.The area of a circle is the amount of space it has. The formula to find the area is πr^2, where r is the radius and  π is often represented as 3.14 or 22/7. The radius of a circle is a straight line from the center to the circumference of it. The radius is 1/2 of the diameter, meaning the diameter of a circle is a straight line passing from one side to the other side of the circle.

Solving:

Let's use the formula for area of a circle to solve.

1. Formula for Area of a Circle

πr^2

2. Exchange π for 3.14

3.14 · r^2

3. Plug in the value of r (radius of circle) as 9

3.14 · 9^2

4. Simplify

3.14 · 81254.34

Therefore, the area of a circle when the radius is 9 meters is approximately 254.34 meters.

Solve the inequality (help pls)

Answers

Answer:

B

Step-by-step explanation:

(-2/3x)-10<1/3

(-2/3x)<1/3+10

(-2/3x)<31/3

x>-31/2, -31/2=-15 (1/2), x> - 15 (1/2)

Find the degree 9m^(2)+11m^(2)+2m^(2)
Ill give brainliest!

Answers

Answer:

The degree of this polynomial is 2.

Step-by-step explanation:

The degree of a polynomial is the highest of the degrees of the polynomial's monomials (individual terms) with non-zero coefficients. The degree of a term is the sum of the exponents of the variables that appear in it, and thus is a non-negative integer.

The given polynomial is:

[tex]9m^2+11m^2+2m^2[/tex]

The only variable is m.

The power of m in all terms is 2.

So, the degree of this polynomial is 2.

Which of the following equations shows the linear relationship between the x and y variables shown in the table of ordered pairs? A. y = x + 5 B. y = 2x C. y = x + 6 D. y = x - 5

Answers

Answer:

The linear relationship will be B

Answer:

b

Step-by-step explanation:

Meena's family took a road trip to Niagara Falls. Meena slept through
the last 49% of the trip. If the total length of the trip was 500 miles, how many miles had they travelled when Meena fell asleep?

Answers

245 miles

49/100*500 i guess it's the answer

Answer: 255 miles

Explanation:

Total length of the trip = 500 miles

Then 49% = 49/100×500

= 245 miles

Therefore she slept for 245 miles

How many miles had they travelled when meena fell asleep

= 51%

= 51/100×500

= 255 miles

Or

500 - 245

= 255 miles

Answered by Gauthmath must click thanks and mark brainliest

4x-5y +7z= -14
9x + 2y +3z= 47
-y + x -5z = 11

Find x if A'B​

Answers

Answer:

x = 5

Step-by-step explanation:

Here we have the system of equations:

4x - 5y +7z= -14

9x + 2y +3z= 47

-y + x -5z = 11

We want to find the value of x.

To do it, we need to isolate one variable (not x) in one of the 3 equations. We could isolate y in the third equation to get:

x - 5z - 11  = y

now we can replace this in the other two equations to get:

4x - 5*( x - 5z - 11 ) +7z = -14

9x + 2*(x - 5z - 11 ) + 3z = 47

notice that now we have only two variables, now we need to simplify these two equations so we can get:

-x + 32z  = -69

11x - 7z  = 69

Now we do the same thing, this time we need to isolate z in one of the two equations, let's isolate it in the second one:

7z = 11x - 69

z = (11/7)*x - (69/7)

now we can replace this in the other equation to get:

-x + 32*( (11/7)*x - (69/7) ) = -69

now we have an equation for x, that we can solve to find its value:

-x + 32*(11/7)*x - 32*(69/7) = -69

x*(32*(11/7) - 1) = -69 + 32*(69/7)

x = [-69 + 32*(69/7)]/(32*(11/7) - 1) = 5

The value of x is 5.

Mr. Jerome has an outstanding balance of $12000 on his credit card. The interest rate on the card is 12% he intends to pay off
the card in 2 years. Find the APR on the card.

Answers

the answer is 56 cards
because you add both sides by the same number
The person above me is correct

If Ahmad’s balance is $85, what will the minimum payment be?

Answers

his balance will be 20 dollars

Pls if anyone knows the answer with work included/steps that will be greatly appreciated :)

Answers

Answer:

1. Option D. 15x²

2. Option C. 3

Step-by-step explanation:

1. Determination of the area of one section.

Length (L) of one section = 25x/5 = 5x

Width (W) of one section = 3x

Area (A) of one section =?

The area of one section can be obtained as follow:

Area (A) = Length (L) × Width (W)

A = L × W

A = 5x * 3x

A = 15x²

Thus, the area of one section is 15x²

2. Determination of the expressions that are equivalent to (p²)³.

We'll begin by simplifying (p²)³. This can be obtained as follow:

(p²)³ = p²*³

(p²)³ = p⁶

Next we shall compare each expression given in the question above to see which will be the same as p⁶.

p × p × p × p × p × p = p¹⁺¹⁺¹⁺¹⁺¹⁺¹

p × p × p × p × p × p = p⁶

p² × p² × p² = p²⁺²⁺²

p² × p² × p² = p⁶

p² × p³ = p²⁺³

p² × p³ = p⁵

Thus,

p² × p³ ≠ p⁶

p⁵ ≠ p⁶

p⁶ = p⁶

SUMMARY

p × p × p × p × p × p = p⁶ = (p²)³

p² × p² × p² = p⁶ = (p²)³

p⁶ = (p²)³

Therefore, 3 expressions are equivalent to (p²)³. Option C gives the correct answer to the question.

Can someone help me with this plz

Answers

Answer:

170.7

Step-by-step explanation:

We are aware that the base is a square, with side lengths 8cm, and we are given that the height is 8 cm. Since the volume of a square based pyramid is 1/3 x base area x height, we receive 1.3 x 64 x 8 which is 512/3 which is in turn 170.666 recurring. However, since this question asks you to round the the nearest tenth, you get 170.7

Answer:

171

Step by step explanation:

Volume = lwh/3
= 8 x 8 x 8
≈171 km^3

Please help me, by completing this proof!

Answers

Answer:

Step-by-step explanation:

                 Statement                                                 Reasons

1). Line PQ is an angle bisector of ∠MPN       D). Given

2). ∠MPQ ≅ ∠NPQ                                           A). Definition of angle bisector

3). m∠MPQ = m∠NPQ                                      F). Definition of congruent

                                                                               angles.

4). m∠MPQ + m∠NPQ = m∠MPN                    C). Angle addition postulate

5). m∠MPQ + m∠MPQ = m∠MPN                   G). Substitution property of

                                                                                equality

6). 2(m∠MPQ) = m∠MPN                                 B). Distributive property

7). m∠MPQ = [tex]\frac{1}{2}(m\angle MPN)[/tex]                               E). Division property of equality  

A local school board member randomly sampled private and public high school teachers in his district to compare the proportions of National Board Certified (NBC) teachers in the faculty. The results were:

Answers

Answer:

0.025 ;

(-0.7198 ; 0.7698)

Step-by-step explanation:

From the table :

_____________ private schls ___ public schls

Sample size, n _____ 80 __________ 520

P, NBC teachers ___ 0.175 ________ 0.150

P1 = P of  private school teachers

P2 = P of public school teachers

Difference in proportion :

P1 - P12 = 0.175 - 0.150.= 0.025

The 90% confidence interval for 2 - sample proportion :

C.I = (p1-p2) ± [Zcritical * √(p1(1-p1)/n1 + (p2(1-p2)/n2)]

Zcritical at 90% = 1.645

C.I = 0.025 ± [1.645 * √((0.175*0.825)/80 + (0.150*0.850)/520)]

C.I = 0.025 ± [1.645 * √(0.0018046875 + 0.0002451)]

C.I = 0.025 ± 1.645 * 0.0452755

C.I = 0.025 ± 0.07448

C.I = (-0.7198 ; 0.7698)

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