If the average annual interest rate is 17.11%, how many months will it take the average American family to pay off their debt of $7,942 if they make a minimum payment of $175 each month and no additional purchases are made? months.

Answers

Answer 1

The payoff period will be 73.56 months if the average annual interest rate is 17.11%, how many months will it take the average American family to pay off their debt of $7,942

What is compound interest?

It is defined as the interest on the principal value or deposit and the interest which is gained on the principal value in the previous year.

We can calculate the compound interest using the below formula:

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

Where A = Final amount

          P = Principal amount

          r  = annual rate of interest

          n = how many times interest is compounded per year

          t = How long the money is deposited or borrowed (in years)

We have:

Loan amount = $7942, Monthy pay = $175, Interest rate = 17.11%

After calculating from the payment formula:

The payoff =  6.13 years = 73.56 months

Thus, the payoff period will be 73.56 months if the average annual interest rate is 17.11%, how many months will it take the average American family to pay off their debt of $7,942

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Related Questions

Which
group of numbers is listed from least to
greatest?

Answers

Answer:

option 4

using absolute value, the 2 line thing (||) the order would be 2,3,5,7,9 which is least to greatest

if p=1(l+b), express b in terms of p and l:b=​

Answers

Step-by-step explanation:

=> p=1(l+b)

=> P = 1l + 1b

=> 1l - P = 1b

=> b = 1l - P/1

~Done~

Or

p=1(l+b)

Step 1: Flip the equation.

b+l=p

Step 2: Add -l to both sides.

b+l+−l=p+−l

b=−l+p

Answer:

b=−l+p

A line chart that has no axes but is used to provide information on overall trends for time series data is called a ________.

Answers

Answer:

sparkline

Step-by-step explanation:

A line chart that has no axes but is used to provide information on overall trends for time series data is called a sparkline.

Lilly has two cousins. One of the cousins is 7 years older than Lilly. The other cousin is 3 years younger than Lilly. The product of Lilly’s cousins' ages is 24. How old is Lilly?

Answers

Ok lily is 10 because the younger cousin is 7 and the older sibling is 17 just use the process of elimination I know next time you get a question like this you can do it

Write a statistical question that you might ask to gather information about the recycling habits of your neighbors

Answers

Answer:

How often do you recycle?

Step-by-step explanation:

Statistical questions are questions where results may vary meaning that depending on who you ask this question you can get very different but measurable answers.

Solve for x. Round to the nearest tenth, if necessary.
X=???

Answers

Answer:

160

Step-by-step explanation:

[tex]the \: value \: in \: angle \: e = 180 - (90 + 60) \\ = 180 - 150 = 30degrees \: \\ using \: sinerule \: to \: find \: x \\ \frac{sin(90)}{x} = \frac{sin(30)}{80} \\ making \: x \: subject \: \\ x = \frac{sin90 \times 80}{sin30} \\ x = \frac{1 \times 80}{0.5} \\ x = \frac{80}{0.5} \\ x = 160[/tex]

Answer: x=160

Step-by-step explanation:

The box-and-whisker plot below shows the age distribution of people at a family reunion. a box-and-whisker plot is shown. the number line goes from 8 to 72 in increments of 8. the whiskers range from 8 to 71, and the box ranges from 23 to 47. a line divides the box at 38. the stem-and-leaf plot below shows the same data. a stem and leaf plot is shown. the stems from top to bottom are 0, 1, 2, 3, 4, 5, 6, 7. the first column of leaves is 8, 0, 3, 1, 0, 0, 0. the second column of leaves is 9, 1, 3, 6, 1, 2, 1. the third column of leaves is blank, 4, 5, 6, 2, 3, blank. the fourth column of leaves is blank, 5, 6, 8, 4, 6, blank. the fifth column of leaves is blank, blank, 6, 9, 6, blank, blank. the sixth column of leaves is blank, blank, blank, 9, blank, blank, blank. the seventh column of leaves is blank, blank, blank, 9, blank, blank, blank. which of the following best explains why one graph appears skewed and one graph appears symmetrical? the scale of the box-and-whisker plot does not start at zero. the interval of the box-and-whisker plot is too large. the interval of the stem-and-leaf plot is not consistent. the scale of the stem-and-leaf plot is too small for the set of data.

Answers

One graph appears skewed, and one graph appears symmetrical because the interval 2 stem and leaf plots is not consistent, statement third is correct.

What is a histogram?

It is defined as the numerical data representation in the graph with the help of a bar without space. The histogram gives an idea about the data's approximate distribution.

The number line goes from 8 to 72 in incremental of 8, such as:

8, 16, 24, 32, 40, 48, 56, 64, 72

The whiskers range is from 8 to 71 and

Box ranges from 23 to 47.

The line divides the box at 38.

The mid-point of the line plot is at 40 and at first inspection, the stem and leaf plot appears to be accurate. In the stems, however, 5 is omitted entirely, giving the pattern a symmetrical rather than skewed appearance.

Thus, one graph appears skewed, and one graph appears symmetrical because the interval 2 stem and leaf plots is not consistent, statement third is correct.

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Which shows one way to determine the factors of x3 4x2 5x 20 by grouping? x(x2 4) 5(x2 4) x2(x 4) 5(x 4) x2(x 5) 4(x 5) x(x2 5) 4x(x2 5)

Answers

The equation which shows one way to determine the factors of x3 4x2 5x 20 by grouping is x²(x + 4) + 5(x + 4).

How to find factor of polynomial?

The factor of a polynomial is the terms in linear form, which are, when multiplied together, give the original polynomial equation as a result.

The polynomial equation given in the problem is,

[tex]x^3 +4x^2 +5x+ 20[/tex]

Take out the greatest common factor from the first two term which is x^2 and from the last two terms which is 5 as,

[tex]x^2(x +4)+5(x+ 4)\\[/tex]

Simplify it further,

[tex](x+4)(x^2+5)[/tex]

Thus, the equation which shows one way to determine the factors of x3 4x2 5x 20 by grouping is x²(x + 4) + 5(x + 4).

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HELP! WILL GIVE BRAINLEST!

Answers

Answer:

option (a)

Step-by-step explanation:

0,pie is the answer

please hurry!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

the radius of circle s is point,radius,arc,

Determine the area of the shaded region. Pool Use 3 for
[tex]\pi[/tex]


Answers

Answer:

36 sq in

Step-by-step explanation:

First find the area of the square: 12*12 = 144 in^2

next find the area of 1 circle, im assuming the circles are tangent to the sides of the square and to each other, so each circle has a radius of 12/4 or 3in, the area of each circle is then pi*3^2 or 27 in^2

the total area of the 4 circles is then 27*4 = 108in^2

144-108=36in^2

PLEASEEE HELP!!! 20 POINTSS

Answers

Answer:

Option c

Step-by-step explanation:

-7 + (19 + 5) = (-7 + 19) + 5

LHS = -7 + (19+5)

       = -7 + 24

       =  17

RHS = (-7 + 19) + 5

       = 12 + 5

        = 17

LHS = RHS

associative property of addition: When three or more numbers are added, the result remains same regardless how the numbers are grouped

Answer:

C

Step-by-step explanation: I think it is right but I don't know I am sorry if I get it wrong!

a school contains 583 pupils. if there are 37 girls than boys, find the number of boys.​

Answers

Answer:

[tex]583 - 37 = 546[/tex]

Answer:

546

Step-by-step explanation:

subtract the numbers Frome each other

If the radius of a circle is 2 inches, what is the area of the circle? Use 3.14 for pi

Answers

Answer:

12.56 in squared

Step-by-step explanation:

the formula for area is      radius x radius x pi

So you do 2x2x3.14

(I would just do 4x3.14)

And then you get 12.56


On Monday night, you have 2 hours of homework. On Tuesday night, you have 3
hours of homework! What is the percent of change in your homework amount
between Monday and Tuesday?

Answers

It goes up I think about 10%

Answer:

New value - Old value / Old value (I memorize it as NOO)

3-2/2

1/2 convert to a percentage = 50 percent

What is the average high temperature forecast for the five days 55, 57, 60,45,50

Answers

Answer:

53.4

Step-by-step explanation:

We first do

55 + 57 + 60 + 45 + 50

55 +57 + 45 + 110

57 + 100 + 110

57 + 210

267

Now we do 267 divided by 5.

This is 53.4

Help soon, Zearn is bad at explaining lol

Answers

hey...

hope it really helps...!!!

can someone please help with This !

Answers

Answer:

A. E

B. D

C. A

Trust me on this one! I used a calculator.

The probability of winning a prize in the drawing is one in a million. What is the probability if not winning a prize in the drawing?

Answers

Answer: Its 999,999

Step-by-step explanation:

You just take your chance of losing and minus your chance of winning to it.

Find the distance between the two points. (3,4) ✓ [?] (-2,-1) Enter the number that goes beneath the radical symbol.​

Answers

The distance between the points (3,4) and (-2,-1) is found being 5√2 units.

What is the distance between two points ( p,q) and (x,y)?

The shortest distance(length of the straight line segment's length connecting both given points) between points ( p,q) and (x,y) is:

[tex]D = \sqrt{(x-p)^2 + (y-q)^2} \: \rm units.[/tex]

We've to find the distance between two points

(p,q) = (3,4)

and (x,y) = (-2, -1)

We get it as:

[tex]D = \sqrt{(x-p)^2 + (y-q)^2}\\\\D = \sqrt{(-2-3)^2 + (-1-4)^2} \\\\D = \sqrt{5^2 + 5^2} = 5\sqrt{2} \: \rm units[/tex]

Thus, the distance between the points (3,4) and (-2,-1) is found being 5√2 units.

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52.5% rounded to 1 decimal point

Answers

52.5 already has 1 decimal point.. no more rounding needed.

Brianna was offered a job that paid a salary of $77,000 in its first year. The salary
was set to increase by 2% per year every year. If Brianna worked at the job for 5 years,
what was the total amount of money earned over the 5 years, to the nearest whole
number?

Answers

Answer:776

Step-by-step explanation:

77

Brianna earned a total of approximately $400,652 over the 5 years.

What is an expression?

A grouping of variables, symbols, and/or numbers used to represent a mathematical quantity or relationship is known as an expression in mathematics. Expressions might be straightforward with just one number or variable or complex with many terms, operations, and functions.

To find the total amount of money Brianna earned over 5 years, we need to calculate her salary for each of the 5 years and add them up.

In the first year, Brianna's salary was $77,000.

In the second year, her salary increased by 2%, so it became:

$77,000 + 0.02 x $77,000 = $78,540

In the third year, her salary increased by another 2%, so it became:

$78,540 + 0.02 x $78,540 = $80,106.80

In the fourth year, her salary increased by 2% again, so it became:

$80,106.80 + 0.02 x $80,106.80 = $81,700.94

In the fifth and final year, her salary increased by 2% once again, so it became:

$81,700.94 + 0.02 x $81,700.94 = $83,303.11

To find the total amount of money Brianna earned over the 5 years, we just need to add up her salaries from each year:

$77,000 + $78,540 + $80,106.80 + $81,700.94 + $83,303.11 = $400,651.85

Therefore, Brianna earned a total of approximately $400,652 over the 5 years.

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Please Help With This!!!
Will try to give out brainliest!!!

Answers

Second, fourth and fifth.

2^4 = 2*2*2*2 =16
4^2= 4*4 =16
16^1= 16=16

Answer: [tex]2^4,4^2,16^1[/tex]

Step-by-step explanation:

Let's evaluate each expression

Remember the little number that is the exponent means to multiply that number by itself that amount of times

[tex]8^2=[/tex]8×8=64 this is not 16

[tex]2^4=[/tex]2×2×2×2=4×4=16

[tex]2^8[/tex] we already know [tex]2^4[/tex] was enough so this must be over 16 and incorrect

[tex]4^2=[/tex]4×4=16

[tex]16^1[/tex]=16

Which value of b will cause the quadratic equation x2 bx 5 = 0 to have two real number solutions?

Answers

A value in the interval (-∞,-2√5] ∪[2√5,∞) will give the two real number solutions.

Given quadratic equation is:

[tex]x^{2} +bx+5=0[/tex]

What is a quadratic equation?

Any equation of the form [tex]ax^{2} +bx+c=0[/tex] is called a quadratic equation where a≠0.

To have two real number solutions the discriminant of a quadratic equation should be greater than or equal to zero.

[tex]b^{2} -4(1)(5)\geq 0[/tex]

[tex]b^{2} -20\geq 0[/tex]

[tex]b^{2} -(2\sqrt{5} )^2\geq 0[/tex]

[tex](b+2\sqrt{5} )(b-2\sqrt{5} )\geq 0[/tex]

[tex]b\in(-\infty,-2\sqrt{5} ]\cup [2\sqrt{5} ,\infty)[/tex]

Hence, a value in the interval (-∞,-2√5] ∪[2√5,∞) will give the two real number solutions.

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giving brainlist for correct answers =}

Answers

Answer:

Step-by-step explanation:

the answer is uniform

Answer:

Skewed right :)

Step-by-step explanation:

The most data points are to the left and there is barely any to the right. That is why it is skewed right :)

Have an amazing day!!

Please rate and mark brainliest!!

Credits to: hautauv!!!

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

Answers

Answer:

4 1/10

Step-by-step explanation:

:) Hope this helps

If there are two angles that are supplementary, and the first angle has a measure of 137°, what is the measure of the second angle? A. 43 degrees B. 90 degrees C. 72 degrees​

Answers

Answer:

Step-by-step explana what grade math is this?


Identify the radius, height, and diameter of the cylinder.
30 in.
12 in
Radius:
inches
Height:
inches
Diameter:
inches

Answers

Answer:

Radius: 12 inches

Height: 30 inches

Diameter: 24 inches

Step-by-step explanation:

Radius: 12 inches

Height: 30 inches

Diameter: 24 inches

A credit card is like a loan.

Select the three statements that explain why.

Answers

Answer:

The top right is the only incorrect one

Step-by-step explanation:

When money comes directly out of your bank account that is considered debit, not credit.

Please answer:
Evaluate.

Answers

Answer:

6

Step-by-step explanation:

Permutation formula:

nPr=(n!)/(n-r)!

applying the formula

3P3= (3!)/(3-3)!

3!/0!

6/1

6

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