kyle wishes to purchase a used car that has a cash price of $12,000. the installment terms include a down payment of $3,000 and 48 monthly payments of $224.

what finance charge will kyle pay?

what is the APR to the nearest half percent?

Answers

Answer 1

Using simple interest and the information given, it is found that:

The finance charge was of $1,752.The APR was of 0.0365 = 3.65%.

The cash price of the car is of $12,000.For they payment, there is a down payment of $3,000, plus 48 payments of $224, hence, the total payment is:

[tex]P = 3000 + 48(224) = 13752[/tex]

The finance charge is the total payment subtracted by the cash price, hence:

[tex]E = 13752 - 12000 = 1752[/tex]

The amount of simple interest accrued after t years, with an APR of r and an initial value of I, is:

[tex]E = Irt[/tex]

For this problem, we have that [tex]E = 1752, I = 12000, t = \frac{48}{12} = 4[/tex], hence:

[tex]E = Irt[/tex]

[tex]1752 = 12000(4)r[/tex]

[tex]r = \frac{1752}{48000}[/tex]

[tex]r = 0.0365[/tex]

The APR was of 0.0365 = 3.65%.

A similar problem is given at https://brainly.com/question/13176347


Related Questions

100 points! Please show your work :)

Answers

Answer:

7.76 minutes

Step-by-step explanation:

The +51 is regardless (being the y intercept) so it does not affect our answer. If the employee has to drive one mile (x=1) it will take 7.76 + 51 min to get there. If they have to drive 0 miles (x=0) it will only take 51 min. This is a difference of 7.76. You really just need to take the slope (I just used this example to make it make more sense) as x is the number of miles the employee has to drive, and therefore that times 7.76 would be how much longer it would take to drive to work.

If AB= 4 units and DC=4 units , what is the length of BC?

Answers

answer 4

Step-by-step explanation:

if ab 4

dc 4

assuming a square bc 4

Mai spends 7 hours in school each day. Her lunch period is 30 minutes long, and she spends
a total of 42 minutes switching rooms between classes. The rest of her day is spent in 6 classes
that are all the same length. How long is each class?
Strategies Used:
A 11 hours
is
Box clue words,
numbers, & units
B 1 hours
Write the
expression or
с
hours
equation in
60
words
====
D
14 /
hours
Guess &
Check

Answers

so first of all we need to get rid of the time that isn't spent in class, because the question is asking about the time spent in class. so we would add 30+42 giving us 72 minutes, or 1 hour and 12 minutes. Now we can subtract 1 hour and 12 minutes from 7 hours to find the total time spent in class. Which would give us 5 hours and 48 minutes. (reminder; 60 minutes in 1 hour)

now that we have the total time spent in class, all that is left is division. The equation would be easier to solve when the hours are converted into minutes. 5 hours and 48 minutes equal, 348 minutes. Now we would divide 348 by 6 as there are 6 classes that take 348 minutes in all, and we wanna find how long 1 class takes. 348 divided by 6 would then give us 58. so each class takes 58 minutes.

(srry if the answer is wrong)

What is a multiplication table

Answers

Answer:

a table of products of two factors especially the integers 1 to 12 have a nice day

Step-by-step explanation:

:)

This is a multiplication table, it’s on the back of every composition book. It’s hard for me to explain but it shows you the answer of what the number you’re trying to multiple will come out to. For example the 3 on the top and the 5 on the left comes out the 15

What is 24659 rounded to the nearest Highest Place

Answers

It will be 2000 as the highest place

Answer:

20000

Step-by-step explanation:

You take the first non zero number on the left then add zeros for the remaining digits.

Help me please i've been stuck on this question for hours.

Answers

Answer:

a) x^3 b) y^5

Step-by-step explanation:

you can combine the x's and y's to make a exponent equal to the number of x's or y's.

Determine if the equations are intersecting, parallel, or coincident.
-2 +y = 8
- 3x + 4y = 28
intersecting
coincident
parallel

Answers

the answer is coincident

Given that A = 60° and B = 30'. evaluate (sin
2 cos A) + cos B. leaving your answer in surd
form

Answers

Can you please upload a pic

The test statistic of
z=1.00
is obtained when testing the claim that
p>0.7.
a. Identify the hypothesis test as being two-tailed, left-tailed, or right-tailed.
b. Find the P-value.
c. Using a significance level of
α=0.10,
should we reject
H0
or should we fail to reject
H0?
This is a two tailed, right tailed or left tailed test?

Answers

We shall failed to reject the null hypothesis

4. What is the mode of the data set below? (1 point) 0, 1, 1, 0, 2, 3, 2, 1, 0, 4, 1, 1​

Answers

The mode is the the common value.
There are 5 1’s and 3 0’s so the mode is 1

It usually helps to sort the values...
0, 0, 0, 1, 1, 1, 1, 1, 2, 2, 3, 4
as this makes finding the median easier as well

Solve for the variable

g+3.42=7.98

g = ?

Answers

Answer:

g=4.56

Step-by-step explanation:

g+3.42=7.98

Subtract 3.42 from each side

g+3.42-3.42=7.98-3.42

g=4.56

Answer:

4.56

Step-by-step explanation:

A line has a slope of 1 and passes through the point (-8, -7). What is its equation in
slope-intercept form?
Write your answer using integers, proper fractions, and improper fractions in simplest form.

Answers

Answer: y = x + 1

Step-by-step explanation:

y = 1x + c

-7 = 1(-8) + c

-7 = -8 + c

-7 + 8 = c

1 = c

y = 1x + 1 or

y = x + 1

Answer:

y+8=m(x+7)

hope this helps:

I used this formula y-y1=m(x-x1)

2319471, how is this number read?

Answers

Step-by-step explanation:

#G

enjoy. my son haha. lol

The points represented by the table like on a line. Find the slope of the line.
х
2
2
2
2
y
-6
3
-7
1

Answers

Answer:

undefined slope

Step-by-step explanation:

There us change in rise but no change in run or x value. This means is a vertical line and it's slope is undefined.

What is the opposite of V3?

Answers

It should be -v3
Hope this helps

A sports tournament has b teams. Each team has 8 players. Using b, write an expression for the total numbers of players in the tournament.

Answers

Answer:

The answer is 8b

Step-by-step explanation:

Hey, a variable is a filler for an unknown number. Don't let it confuse you too much!

If there were 5 teams, there would be 8(5) = 40 players, right??

With b teams, there are 8b players. We are lazy as mathematicians and don't say 8(b) or 8 x b. It's just 8b.

Thus, The answer is 8b

-TheUnknownScientist 72

If 1 pair of socks cost $2.50 and 2 pairs of socks cost $5, how much do 4 pairs of socks cost? Plot this relationship as a point in the coordinate plane, with price as the Y variable. (6th grade math, FRECKLE)

Answers

Answer:

$2.50 × 4 = $10

so $10 is equal to 4 pairs of socks.

Please help me I only have 10 points left so ten points I’ll give please help thank you I’ll give brainless to the first person

Answers

Answer:

It would be g(x) = 2^-x

Step-by-step explanation:

need help with number 8 please

Answers

f(1)=2*(0.7)^1

f(1)=2*0.7
f(1)=1.4

Answer:(1, 1.4) when X is 1, Y would be 1.4

Solve for the unknown angles

Marking you the brainliest​ provided you got it
right and with step by step explanation

Answers

Step-by-step explanation:

The angles a and b are congruent, also c and x are congruent.

a = b = 180° - 85° = 95° (supplementary, linear pair)c = x = 85° (corresponding, alternate interior)

The video advises you to "be a deadbeat". What does that mean?
Pay your credit card bill in full and on time every single month, thus paying no interest or fees.
Make the minimum payment on your credit card on time each month.
Never open a line of credit so the credit card companies do not make any money.

Answers

Answer:

Pay your credit card bill in full and on time every single month, thus paying no interest or fees.

Step-by-step explanation:

In terms of credit-cards, a deadbeat is someone who pays off their bill in full every month, on time. They usually try to avoid paying their debts.

Hence, pay your credit card bill in full and on time every single month, thus paying no interest or fees.

What is the payment?

Payment is the exchange of cash, products, or services for a good or service.

Payments are normally made once all parties have concurred on the conditions.

You won't be charged interest or late fees if you pay off your credit card balance in whole and on time each month.

When it comes to credit cards, a deadbeat is someone who consistently pays their balance in full and on time each month.

Deadbeat - one who often avoids paying their own bills or expenditures

Typically, they make an effort to not pay their bills.

Hence, whenever possible, pay off your credit card balance in whole and on schedule to avoid paying interest or other costs.

To know more about the payment;

https://brainly.com/question/14311793

#SPJ6

Fill in the blanks please!!

Answers

Answer:

6,I can't help with the second one I wasn't good with that parallel lines

Step-by-step explanation:

Y2-Y1. So 3-9. 6

--------- - - -- = - - =6

X2-X1. 1-2. 1

let H be the altitude from vertex C. Which proves the first equality in the law of sines​

Answers

The sine law of triangles can be proved by dividing the triangle into right-triangles.

Option (c) proves the first equality in the law of sines

From the question, we have:

h equals to the distance from point C to segment AB

The sine of angle is:

[tex]\mathbf{sin(\theta) = \frac{Opposite}{Hypotenuse}}[/tex]

For angle at A, we have:

[tex]\mathbe{\theta = A}[/tex]

[tex]\mathbf{Hypotenuse = b}\\\mathbf{Opposite = h}[/tex]

So, we have:

[tex]\mathbf{sin(\theta) = \frac{Opposite}{Hypotenuse}}[/tex]

Substitute values for Opposite, Hypotenuse and theta

[tex]\mathbf{sin A = \frac{h}{b}}[/tex]

Similarly

[tex]\mathbf{sin B = \frac{h}{a}}[/tex]

Make h the subject

[tex]\mathbf{h = a\ sinB}[/tex]

Substitute [tex]\mathbf{h = a\ sinB}[/tex] in [tex]\mathbf{sin A = \frac{h}{b}}[/tex]

[tex]\mathbf{sin A = \frac{a\ sinB}{b}}[/tex]

Divide both sides by a

[tex]\mathbf{\frac{sin A}{a} = \frac{sinB}{b}}[/tex]

Hence, the correct option is (c).

Read more about proof of sine law at:

https://brainly.com/question/4637169


Please help me I suck in math

Answers

Answer:

B) [tex]-4\sqrt{10}+13[/tex]

Step-by-step explanation:

[tex]\sqrt{100}+4\sqrt{10}+3-8\sqrt{10}[/tex]

[tex]10-4\sqrt{10}+3[/tex]

[tex]13-4\sqrt{10}[/tex]

[tex]-4\sqrt{10}+13[/tex]

second angle of a triangle is 10 degrees larger than the first angle. Third angle is 10 larger than second angle. Find the smallest angle of the triangle solution

Answers

Answer:

1/2 of an answer is zero

Step-by-step explanation:

Darren’s taxable income is $27,481. He is filing as head of household, and he has already paid $3847 in federal taxes.

What will he receive or pay after he figures his taxes for the year?

Tax table of wages

He will receive a refund of $161.

He will receive a refund of $346.

He will pay $161.

He will pay $346.

Answers

Answer:

If Darren's taxable income is $27,481 and he is the head of household, he will be exempted from tax deductions. If he has already paid $3,847 in federal taxes, he will receive an equivalent amount in return if his tax deduction exceeds his collectible tax. Therefore, his money at the end of the year will total to $31,328.  

Step-by-step explanation:

Answer:

Step-by-step explanation:

he will receive a refund of 346 dollars

i just took the test

Mr.E.Terry, an engineer, runs a small business. The accounts for the firm are:

* Bank Automobile HST Payable Miscellaneous Expense
* A/R—Various Equipment E. Terry, Capital Rent Expense
* Office Supplies A/P—Various E. Terry, Drawings Telephone Expense
* Office Furniture HST Recoverable Fees Earned

* Journalize the following transactions, using the general journal page below. Calculate and add the HST on any transactions that need it. The rate for HST is 13%. Do not provide explanations.

Jul. 3 Cheque Copy

No. 105, Chambers Bros., payment for monthly rent $450 plus HST of $58.50,
total $508.50.
5 Purchase Invoice
From Glen Printing, $86.50 for office supplies plus HST
8 Sales Invoice
No. 50 to J. Greenley, $250 for services performed, plus taxes.
10 Cash Receipt
From R. Grieve, $200 payment on account.
18 Cash Sales Slip
No. 100 to E. Webb, $85.50 plus taxes.
20 Cheque Copy
No. 106 to E. Terry, $490 for personal use.
24 Bank Debit Memo
Bank deducted $25.00 for a bank service charge.
29 Cheque Copy
No. 107 to Star Blueprinting, $500 on account.
29 Cheque Copy

No. 108 to Municipal Telephone for payment of telephone bill, $200 plus HST of
$26, total $226.
31 Cheque Copy
The balances in the HST accounts for the previous period were: HST Recoverable
$890 and HST Payable $1410. Cheque 109 was written to the Receiver General
for $520 to clear the accounts for that period.

Journalizing these transactions.

Answers

Journalizing the transactions in the accounts of Mr. E. Terry's firm are as follows:

Debit Rent Expense $450

Debit HST Recoverable $58.50

Credit Cash $508.50

Debit Supplies $76.55

Debit HST Recoverable $9.95

Credit Accounts Payable (Glen Printing) $86.50

Debit Accounts Receivable (J. Greenley) $250

Credit Service Revenue $221.24

Credit HST Payable $28.76

Debit Cash $200

Credit Accounts Receivable (R. Grieve) $200

Debit Cash $85.50

Credit Service Revenue $76.66

Credit HST $9.84

Debit Drawings, Terry $490

Credit Cash $490

Debit Bank Charges $25

Credit Cash $25

Debit Accounts Payable (Star Blueprinting) $500

Credit Cash $500

Debit Utilities Expense $200

Debit HST Recoverable $26

Credit Cash $226

Debit HST Payable $1,410

Credit HST Recoverable $890

Credit Cash $520

Data Analysis:

a. Rent Expense $450 HST Recoverable $58.50 Cash $508.50

b. Supplies $76.55 HST Recoverable $9.95 Accounts Payable (Glen Printing) $86.50

c. Accounts Receivable (J. Greenley) $250 Service Revenue $221.24 HST Payable $28.76

d. Cash $200 Accounts Receivable (R. Grieve) $200

e. Cash $85.50 Service Revenue $76.66 HST $9.84

f. Drawings, Terry $490 Cash $490

g. Bank Charges $25 Cash $25

h. Accounts Payable (Star Blueprinting) $500 Cash $500

i. Utilities Expense $200 HST Recoverable $26 Cash $226

j. HST Payable $1,410 HST Recoverable $890 Cash $520

Learn more: https://brainly.com/question/16889477

Your business requests a 3-month loan for
$500,000. What will be the interest paid at the
end of the term if the business risk percentage is
assessed at 2.0% and LIBOR is at 2.1%?
interest paid = $ [?]
=
Round to the nearest hundredth.
Entor

Answers

Answer:

im preety sure its 561500

Step-by-step explanation:

4.1% x 4 is 61500 + 500000 = 561500

There are 4 red balls and 6 black balls in a bag. Draw consecutively 3 balls with replacement. Find the probability when the first two balls drawn are black and the third ball drawn is red.​

Answers

Answer:

[tex]\frac{1}{3} *\frac{1}{2} =\frac{1}{6}[/tex]

Step-by-step explanation:

So the first two balls are black, so the way to change the path is to take two out of six black balls over two out of ten balls, which is 1/3.

If the last one is red then the probability is that if you take one of the four red balls and you take one of the eight balls, you get 1/2.

So the total probability is 1/3 times 1/2 is 1/6.

Oliver incorrectly states that the expression tan(3pi/4 + x) can be simplified as -1. Review Oliver’s work. Which statement explains why Oliver is incorrect?



Keyword gibberish:
The expression does not simplify not have a value if simplified to not equivalent to not
tan startfraction 3 pi over 4 endfraction + x

Answers

We want to see where Oliver is making a mistake in his claim.

The correct option is the first one, the simplification on the last step is wrong.

We start with the expression:

[tex]tan( \frac{3*pi}{4} + x)[/tex]

Now, by looking at Olvier's work, we can see that on the last step he writes:

[tex]\frac{-1 + tan(x)}{1 + tan(x)} = -1[/tex]

This is clearly wrong, as the numerator and the denominator are dont simplify to -1 (this only happens if the numerator is -1 times the denominator), so the left side can't be equal to -1, it actually would be simplified to:

[tex]\frac{-1 + tan(x)}{1 + tan(x)} = \frac{-1 +1 - 1 tan(x)}{1 + tan(x)} = \frac{-2 + 1 + tan(x)}{1 + tan(x)} \\\\\frac{-2 + (1 + tan(x))}{1 + tan(x)} = \frac{-2 }{1 + tan(x)} + \frac{ 1 + tan(x)}{1 + tan(x)} = \frac{-2 }{1 + tan(x)} + 1[/tex]

Then the correct option is the first option.

If you want to learn more, you can read:

https://brainly.com/question/14324500

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