A customer can pay GH➣900.00 per month on a mortgage payment.

Interest rate is 12% annually compounded continuously, and mortgage

terms is 15 years. Determine the maximum amount the customer can pay within

the period.​

Answers

Answer 1

Answer:

  $74,748.11

Step-by-step explanation:

In order to make use of the amortization formula, we need to find the equivalent monthly interest rate.

When 12% interest is compounded continuously, the annual multiplier is ...

  e^0.12 ≈ 1.127497

The equivalent multiplier when the interest is compounded monthly is the 12th root of this,

  (e^0.12)^(1/12) = e^0.01 ≈ 1.0100502 = 1 + r

___

The amortization formula tells us that monthly payment amount A will pay off principal P in n months:

  P = A(1 -(1 +r)^-n)/r = $900(1 -1.0100502^-180)/0.0100502

  P = $74,748.11

The customer can pay off a 12% loan of $74,748.11 at the rate of $900 per month for 15 years.


Related Questions

Ellen baked 115 cookies and shared them equally with her 23 classmates. How many whole cookies each can Ellen and her classmates have?

Answers

Step-by-step explanation:

Ellen - 115/23

Classmates and Ellen got = 5 each

Rotation 90° counterclockwise around the origin of the point (-8,1)​

Answers

(-1, -8). When we rotate to the fourth quadrant, we make both of the coordinate values negative.

The area of a parallelogram is 60 f2.
The height is 5 ft. How long is the
base?

Answers

Answer:

12 feet

BRAINLIEST, PLEASE!

Step-by-step explanation:

Area = base x height

60 = base x 5

base = 60/5

base = 12

Find the mass and center of mass of the solid E with the given density rho. E is the cube 0 ≤ x ≤ a, 0 ≤ y ≤ a, 0 ≤ z ≤ a; rho(x, y, z) = 9x2 + 9y2 + 9z2.

Answers

Answer:

mass = 9a^5

center of mass = [tex]\frac{7a}{12}, \frac{7a}{12}, \frac{7a}{12}[/tex]

Step-by-step explanation:

Finding the mass of the solid E

given density function : p ( x,y,z ) = [tex]9x^2 + 9y^2 + 9z^2[/tex]

Mass =   [tex]\int\limits^a_0 \int\limits^a_0 \int\limits^a_0 {9(x^2+y^2+z^2)} \, dx dydz[/tex]   [tex]= \int\limits^a_0 \int\limits^a_0 {9(\frac{a^3}{3}+ay^2+az^2 )} \, dydz[/tex]

         [tex]= \int\limits^a_0 {9(\frac{a^4}{3}+\frac{a^4}{3} +a^2z^2 )} \, dz[/tex]  [tex]= \int\limits^a_0 {9(\frac{2a^4}{3}+a^2z^2 )} \, dz[/tex]  [tex]= 9 ( \frac{2a^5}{3} + \frac{a^5}{3} )[/tex]  

( taking limits as a and 0 )

hence Mass = 9 [tex](a^5)[/tex]

finding the center of mass

attached below is solution

       

The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 21 people reveals the mean yearly consumption to be 74 gallons with a standard deviation of 16 gallons. Assume that the population distribution is normal. (Use t Distribution Table.)
a-1. What is the value of the population mean?
16
Unknown
74
a-2. What is the best estimate of this value?
Estimate population mean
c. For a 90% confidence interval, what is the value of t? (Round your answer to 3 decimal places.)
Value of t
d. Develop the 90% confidence interval for the population mean. (Round your answers to 3 decimal places.)
Confidence interval for the population mean is and .
e. Would it be reasonable to conclude that the population mean is 68 gallons?
a) Yes
b) No
c) It is not possible to tell.

Answers

Correct question is;

The U.S. Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 21 people reveals the mean yearly consumption to be 74 gallons with a standard deviation of 16 gallons.

a. What is the value of the population mean? What is the best estimate of this value?

b. Explain why we need to use the t distribution. What assumption do you need to make?

c. For a 90 percent confidence interval, what is the value of t?

d. Develop the 90 percent confidence interval for the population mean.

e. Would it be reasonable to conclude that the population mean is 68 gallons?

Answer:

A) Best estimate = 74 gallons

B) because the population standard deviation is unknown. The assumption we will make is that the population follows the normal distribution.

C) t = 1.725

D) 90% confidence interval for the population mean is (67.9772, 80.0228) gallons

E) Yes

Step-by-step explanation:

We are given;

Sample mean; x' = 74

Sample population; n = 21

Yearly Standard deviation; s = 16

A) We are not given the population mean.

So the closest estimate to the population mean would be the sample mean which is 74.

B) We are not given the population standard deviation and as such we can't use normal distribution. So what is used when population standard deviation is not known is called t - distribution table. The assumption we will make is that the population follows the normal distribution.

C) At confidence interval of 90% and DF = n - 1 = 21 - 1 = 20

From t-tables, the t = 1.725

D) Formula for the confidence interval is;

x' ± t(s/√n) = 74 ± 1.725(16/√21) = 74 ± 6.0228 = 67.9772 or 80.0228

Thus 90% confidence interval for the population mean is (67.9772, 80.0228) gallons

E) 68 gallons lies within the range of the confidence interval, thus we can say that "Yes, it is reasonable"

Describe all numbers x that are at a distance of 2 from the number 8. Express this using absolute value notation.

Answers

Answer:

The numbers that are at a distance of 2 from the number 8 can be expressed using absolute value notation as:

|x - 8| = 2

Step-by-step explanation:

The numbers that are at a distance of 2 from the number 8 are the numbers that are satisfied by the equation:

|x - 8| = 2

The equation is written in the notation of absolute value as required.

A quadrilateral has vertices A(3, 5), B(2, 0), C(7, 0), and D(8, 5). Which statement about the quadrilateral is true? A. ABCD is a parallelogram with non-perpendicular adjacent sides. B. ABCD is a trapezoid with only one pair of parallel sides. C. ABCD is a rectangle with non-congruent adjacent sides. D. ABCD is a rhombus with non-perpendicular adjacent sides.

Answers

Hey There!!

The answer to this is: A quadrilateral has vertices A(3, 5), B(2, 0), C(7, 0), and D(8, 5). Which statement about the quadrilateral is true?" Line BC is parallel to line AD because their slopes is equal i.e. (0 - 0) / (7 - 2) = (5 - 5) / (8 - 3) which gives 0 / 5 = 0 / 5 giving that 0 = 0. We check whether line AB is parallel to line CD. Slope of line AB is given by (0 - 5) / (2 - 3) = -5 / -1 = 5. Slope of line CD is given by (5 - 0) / (8 - 7) = 5 / 1 = 5 We have been able to prove that the opposite sides of the quadrilateral are parallel which means that the quadrilateral is not a trapezoid. Next we check whether the length of the sides are equal. Length of line AB is given by sqrt[(0 - 5)^2 + (2 - 3)^2] = sqrt[(-5)^2 + (-1)^2] = sqrt(25 + 1) = sqrt(26) Length of line BC is given by sqrt[(0 - 0)^2 + (7 - 2)^2] = sqrt[0^2 + 5^2] = sqrt(25) = 5 Length of line CD is given by sqrt[(5 - 0)^2 + (8 - 7)^2] = sqrt[5^2 + 1^2] = sqrt(25 + 1) = sqrt(26) Length of line DA is given by sqrt[(5 - 5)^2 + (8 - 3)^2] = sqrt[0^2 + 5^2] = sqrt(25) = 5 Thus, the length of the sides of the quadrilateral are not equal but opposite sides are equal which means that the quadrilateral is not a rhombus. Finally, we check whether adjacent lines are perpendicular. Recall the for perpendicular lines, the product of their slopes is equal to -1. Slope of line AB = 5 while slope of line BC = 0. The product of their slopes = 5 x 0 = 0 which is not -1, thus the adjacent sides of the quadrilateral are not perpendicular which means that the quadrilateral is not a rectangle. Therefore, ABCD is a parallelogram with non-perpendicular adjacent sides. Thus, For (option A).

Hope It Helped!~ ♡

ItsNobody~ ☆

Answer:

A. ABCD is a parallelogram with non-perpendicular adjacent sides.

Hope this helps!

Step-by-step explanation:

if k = p+2q/3 , find the value of p when k=7 and q=3​

Answers

Answer:

p = 5

Step-by-step explanation:

hopefully it is clear and understandable :)

Identify the similar triangle. Then find each measure (round to the nearest tenth).

Answers

Answer:

ZWU ~ WYU

WY = 2.5

UY= 1.5

Step-by-step explanation:

ZUW ~ WUY ~ ZWY

5/3=x+1/x

Cross multiply

5x=3x+3

2x=3

x=3/2 OR 1.5

the function y= -16t^2 + 248, models the hight y in feet of a stone t seconds after it dropped from the edge of a vertical cliff. How long will it take the stone to hit the ground?

Answers

Answer:

[tex]t \: = 3.92 \: sec[/tex]

Step-by-step explanation:

When (t =0)

Height of cliff = 248 feet = 75.5m

Using Newton's equations of motion:

[tex]s = ut + \frac{1}{2} a {t}^{2} [/tex]

75.5 = 0 * t + 4.9 * t^2

Solving further :

[tex]t \: = 3.92 \: sec[/tex]

During the 2014 season, the Los Angeles Dodgers won 58% of their games. Assuming that the outcomes of the baseball games are independent and that the percentage of wins this season will be the same as in 2014: What is the probability that the Dodgers will win at least one of their next seven games

Answers

Answer: 0.98

Step-by-step explanation:

given data:

probability they won a game = 58% = 0.58

since outcome of games are independent, and percentage would remain same as 2014.

probablility that Dodgers wins atleast 1 of their next 7 games

= 1 - p

= 1 - ( 0.58 )^ 7

= 1 - 0.02208

= 0.98

probabikotun that Dodgers would win one of their next seven games is 0.98

Given the sequence 4, 8, 16, 32, 64, ..., find the explicit formula.

Answers

128Answer:

128

Step-by-step explanation:

vì 4+4=8

8+8=16

16+16=32

32+32=64

64+64=128

I cant seem to get the second one right...

Answers

Rx=1 means to reflect the given point on the line of x= 1

The mapping for the reflection on line x is x = k

(-2,7) = (-2(1) - -2,7) = (4,7)

The missing value is 7

What is the solution to 4x + 2 = 6(-2x - 5) ?
O2
O 16
0-2
O -16
Please need help on this

Answers

x= -2
............
...........
&/&/&:&/&/&

4x+2=6(-2x-5)

<=>4x+2=-12x-30

<=>16x+32=0

<=>x=-2

Is –8 − –95 positive or negative?

Answers

Answer:

87, which is positive

Step-by-step explanation:

-8 --95

Subtracting a negative is like adding

-8 +95

87

Change each of the following points from rectangular coordinates to spherical coordinates and to cylindrical coordinates.
a. (4,2,−4)
b. (0,8,15)
c. (√2,1,1)
d. (−2√3,−2,3)

Answers

Answer and Step-by-step explanation: Spherical coordinate describes a location of a point in space: one distance (ρ) and two angles (Ф,θ).To transform cartesian coordinates into spherical coordinates:

[tex]\rho = \sqrt{x^{2}+y^{2}+z^{2}}[/tex]

[tex]\phi = cos^{-1}\frac{z}{\rho}[/tex]

For angle θ:

If x > 0 and y > 0: [tex]\theta = tan^{-1}\frac{y}{x}[/tex];If x < 0: [tex]\theta = \pi + tan^{-1}\frac{y}{x}[/tex];If x > 0 and y < 0: [tex]\theta = 2\pi + tan^{-1}\frac{y}{x}[/tex];

Calculating:

a) (4,2,-4)

[tex]\rho = \sqrt{4^{2}+2^{2}+(-4)^{2}}[/tex] = 6

[tex]\phi = cos^{-1}(\frac{-4}{6})[/tex]

[tex]\phi = cos^{-1}(\frac{-2}{3})[/tex]

For θ, choose 1st option:

[tex]\theta = tan^{-1}(\frac{2}{4})[/tex]

[tex]\theta = tan^{-1}(\frac{1}{2})[/tex]

b) (0,8,15)

[tex]\rho = \sqrt{0^{2}+8^{2}+(15)^{2}}[/tex] = 17

[tex]\phi = cos^{-1}(\frac{15}{17})[/tex]

[tex]\theta = tan^{-1}\frac{y}{x}[/tex]

The angle θ gives a tangent that doesn't exist. Analysing table of sine, cosine and tangent: θ = [tex]\frac{\pi}{2}[/tex]

c) (√2,1,1)

[tex]\rho = \sqrt{(\sqrt{2} )^{2}+1^{2}+1^{2}}[/tex] = 2

[tex]\phi = cos^{-1}(\frac{1}{2})[/tex]

[tex]\phi[/tex] = [tex]\frac{\pi}{3}[/tex]

[tex]\theta = tan^{-1}\frac{1}{\sqrt{2} }[/tex]

d) (−2√3,−2,3)

[tex]\rho = \sqrt{(-2\sqrt{3} )^{2}+(-2)^{2}+3^{2}}[/tex] = 5

[tex]\phi = cos^{-1}(\frac{3}{5})[/tex]

Since x < 0, use 2nd option:

[tex]\theta = \pi + tan^{-1}\frac{1}{\sqrt{3} }[/tex]

[tex]\theta = \pi + \frac{\pi}{6}[/tex]

[tex]\theta = \frac{7\pi}{6}[/tex]

Cilindrical coordinate describes a 3 dimension space: 2 distances (r and z) and 1 angle (θ). To express cartesian coordinates into cilindrical:

[tex]r=\sqrt{x^{2}+y^{2}}[/tex]

Angle θ is the same as spherical coordinate;

z = z

Calculating:

a) (4,2,-4)

[tex]r=\sqrt{4^{2}+2^{2}}[/tex] = [tex]\sqrt{20}[/tex]

[tex]\theta = tan^{-1}\frac{1}{2}[/tex]

z = -4

b) (0, 8, 15)

[tex]r=\sqrt{0^{2}+8^{2}}[/tex] = 8

[tex]\theta = \frac{\pi}{2}[/tex]

z = 15

c) (√2,1,1)

[tex]r=\sqrt{(\sqrt{2} )^{2}+1^{2}}[/tex] = [tex]\sqrt{3}[/tex]

[tex]\theta = \frac{\pi}{3}[/tex]

z = 1

d) (−2√3,−2,3)

[tex]r=\sqrt{(-2\sqrt{3} )^{2}+(-2)^{2}}[/tex] = 4

[tex]\theta = \frac{7\pi}{6}[/tex]

z = 3

If mowing burns average $115 over 20 minutes how many calories are you burning in one hour

Answers

Answer:

345

Step-by-step explanation:

20*3 = 60 there's 60 minutes in one hour

115*3 = 345

what is the probability that the 2 cards you will draw will be blackjacks?

Answers

Answer:

Need more explation of the question

Step-by-step explanation:

Hello there are two questions in the link's if both were solved that would be awesome.

Answers

Answer:

[tex]\frac{x^{\frac{5}{6}} }{x^{\frac{1}{6}} } = x^{(\frac{5}{6} -\frac{1}{6}) }= x^{\frac{4}{6} }\\\sqrt{x} . \sqrt[4]{x} = x^{\frac{1}{2} } . x^{\frac{1}{4} } = x^{(\frac{1}{2} +\frac{1}{4}) } = x^{\frac{3}{4}[/tex]

If you use a 5/8 inch drill bit instead of a 3/16 that the project called for ,your hole will be too . by inches

Answers

5/8 - 3/16
= 10/16 - 3/16
= 7/16
Therefore the hole will too big by 7/16 of an inch.

12345 are divisible by 15 with exlpin ​

Answers

Answer:

hfwhww45 5h wahdaw 5656 adshjdawh bh4 54

Step-by-step explanation:

5767

12345

Sum of digits = 1+2+3+4+5

= 15

Which means divisible by 3

Ends with 0 or 5 = Yes ends with 5

Therefore the number is divisible by 15

12345÷15 = 823

Divisiblity rule of 15 = Any number is divisible by 15 if the sum of the digits is divisible by 3 and the number ends with a 0 or 5.

Must click thanks and mark brainliest

In high school, a teacher gave two sections of a class the same arithmetic test. The results were as follows:

Section I: Mean 45, Standard
Deviation 6.5
Section II: Mean 45,
Standard deviation 3.1

What conclusions is correct?

Answers

Answer:

Section I test scores are more dispersed that that of section II.

Step-by-step explanation:

Consider the data collected from the arithmetic test given to two sections of a school.

Section I: Mean = 45, Standard  Deviation = 6.5

Section II: Mean = 45,  Standard deviation = 3.1

The mean of both the sections are same, i.e. 45.

So there is no comparison that can be made from the center of the distribution.

The standard  deviation for section I is 6.5 and the standard  deviation for section II is 3.1.

The standard deviation is a measure of dispersion, i.e. it tells us how dispersed the data is from the mean or how much variability is present in the data.

The standard  deviation for section I is higher than that of section II.

So, this implies that section I test scores are more dispersed that that of section II.

Which of the following is equal to the rational expression below when x=-1
or -8?
11(x+8)
/(x + 1)(x+8)​

Answers

Answer:

11/(x + 1) thus d: is the answer

Step-by-step explanation:

Simplify the following:

(11 (x + 8))/((x + 1) (x + 8))

(11 (x + 8))/((x + 1) (x + 8)) = (x + 8)/(x + 8)×11/(x + 1) = 11/(x + 1):

Answer: 11/(x + 1)

Help ive been stuck on this forever

Answers

Answer:

3480

Step-by-step explanation:

It always help if you make clear how the state assesses taxes. Usually it is done the way I will do it, but it is no guarantee.

First 3000 = 3000 * 2/100 = 60.00

The next 2000 (excess over 3000) = 2000 * 3/100 = 60

The next 12000 (excess over 5000) = 12000 * 5/100 = 600

The next step would be excess over 12000 = 48000 * 5.75/100 = 2760

That's the way most taxes for federal taxes and state taxes work. What you have to know is this: does the question use the term excess anywhere? Or do your notes.  If you are accustomed to the word then this is the way the question is done.

So the total taxes = 60 + 60 + 600 + 2760 = 3480

Renting a car costs $30 per day, or $600 per month. Renting daily is cheaper for a few days, but after how many days are the two options equal (after which renting monthly is cheaper)?

Answers

Answer:

20 days

Step-by-step explanation:

Renting a car costs $30 per day.

y = 30x

Renting a car costs $600 per month

y = 600

Set the two equations equal to each other.

30x = 600

(30x)/30 = (600)/30

x = 20

After 20 days, the two options have an equal cost.

Find the area of the triangle with vertices (0,0,0),(−4,1,−2), and (−4,2,−3).

Answers

Answer:

0.5*sqrt33

Step-by-step explanation:

A(0,0,0) B(-4,1,-2), c(-4,2,-3)

Vector AB is (-4-0,-1-0, -2-0)= (-4,-1,-2)  The modul of AB is sqrt (4squared+

+(-1) squared+ (-2) squared)= sqrt (16+1+4)=sqrt21

Vector AC is (-4,2,-3) The modul of vector AC is equal to sqrt ((-4)squared+ 2squared+(-3)squared)= sqrt(16+4+9)= sqrt29

Vector BC is equal to (-4-(-4), 2-1, -3-(-2))= (0,1,-1)

The modul of BC is sqrt (1^2+(-1)^2)=sqrt2

Find the angle B

Ac^2= BC^2+AB^2-2*BC*AB*cosB

29= 2+21-2*sqrt2*sqrt21*cosB

29= 2+21-2*sqrt42*cosB

cosB= -3/ sqrt42

sinB= sqrt( 1-(-3/sqrt42)^2)=sqrt33/42= sqrt11/14

s=1/2* (sqrt2*sqrt21*sqrt11/14)=1/2*sqrt(42*11/14)= 0.5*sqrt33

15% of 80 is 60% of what number? There were no answer choices please help!

Answers

Answer:

80

Step-by-step explanation:

15 percent of 80 is 12

and 12 is 60 percent of 80!

hope this helps :)

Find the vertex of this parabola:
y = x2 + 2x - 3​

Answers

Answer:

(-1,-4)

Step-by-step explanation:

The equation of a parabola os written as: ax^2+bx+c

This parabola's equation is x^2+2x-3

● a= 1

● b= 2

● c = -3

The coordinates of the parabola are: ( (-b/2a) ; f(-b/2a) )

● -b/2a = -2/2 = -1

● f(-b/2a) = (-1)^2+2×(-1)-3=1-2-3= -4

So the vertex coordinates are (-1,-4)

Answer:

-1+2X

Step-by-step explanation:

A random sample of 35 undergraduate students who completed two years of college were asked to take a basic mathematics test. The mean and standard deviation of their scores were 75.1 and 12.8, respectively. In a random sample of 50 students who only completed high school, the mean and standard deviation of the test scores were 72.1 and 14.6, respectively In order to test the equal variance assumption for two populations, Can we assume population variances are equal at the 10% significance level? (sigma subscript 1 superscript 2 space equals space sigma subscript 2 superscript 2 )

Answers

Answer:

The 90 % confidence limits are (-2.09, 8.09).

Since the calculated values do not lie in the critical region we accept our null hypothesis.

Step-by-step explanation:

The null and alternative hypothesis are given by

H0: σ₁²= σ₂² against Ha: σ₁² ≠ σ₂²

Confidence interval for the population mean difference is given by

(x`1- x`2) ± t √S²(1/n1 + 1/n2)

Where S ²= (n1-1)S₁² + S²₂(n2-1)/n1+n2-2

Critical value of t with n1+n2-2= 50+ 35-2= 83 will be -1.633

Now calculating

S ²=34* (12.8)²+ (14.6)²*49/83= 192.96

Now putting the values in the t- test

(75.1 -72.1) ± 1.633 √ 192.96(1/35 +1/50)

=3 ±  5.09

=-2.09, 8.09  is the 90 % confidence interval for the difference

The 90 % confidence limits are (-2.09, 8.09).

Since the calculated values do not lie in the critical region we accept our null hypothesis.

express 24.123eight to base ten​

Answers

To convert [tex]24.123[/tex] in base 8, also notated with [tex]24.123_8[/tex] into base 10 simply multiply each digit with 8 to the power of its position relative to the decimal point.

So,

[tex]24.123_8=2\cdot8^1+4\cdot8^0+1\cdot8^{-1}+2\cdot8^{-2}+3\cdot8^{-3}=20.162109375_{10}[/tex]

Hope this helps :)

Other Questions
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