Kelly bought a new SUV for $28,000. She made a down payment of $11,000 and has monthly payments of $332.63 for 5 years. She is able to pay off her loan at the end of 36 months. Using the actuarial method, find the unearned interest and payoff amount.

Answers

Answer 1

The unearned interest and the payoff amount is $11,022.12 and $18,784.87 respectively

Given data ,

Kelly bought a new SUV for $28,000. She made a down payment of $11,000 and has monthly payments of $332.63 for 5 years.

She is able to pay off her loan at the end of 36 months.

Now , Total interest = (monthly payment x number of months) - loan amount

Total interest = ($332.63 x 60) - $17,000

Total interest = $19,957.80

Next, we need to calculate the interest that has already been paid over the first 36 months of the loan. We can use the formula:

Interest paid = (monthly payment x number of months) - (loan amount - down payment)

Interest paid = ($332.63 x 36) - ($28,000 - $11,000)

Interest paid = $8,935.68

The unearned interest is the difference between the total interest and the interest paid so far:

Unearned interest = total interest - interest paid

Unearned interest = $19,957.80 - $8,935.68

Unearned interest = $11,022.12

To find the payoff amount, we need to add the remaining principal balance to the unearned interest:

Payoff amount = remaining balance + unearned interest

To calculate the remaining balance, we can use the formula for the present value of an annuity:

Remaining balance = monthly payment x (1 - (1 + r)^-n) / r

Where r is the monthly interest rate and n is the number of remaining months. We can solve for r by using the total interest calculated earlier:

r = (Total interest / loan amount) / 12

r = ($19,957.80 / $17,000) / 12

r = 0.0986%

Using this interest rate and n = 24 (the remaining 24 months of the loan), we can calculate the remaining balance:

Remaining balance = $332.63 x (1 - (1 + 0.0986%)^-24) / 0.0986%

Remaining balance = $7,762.75

Payoff amount = $7,762.75 + $11,022.12

Payoff amount = $18,784.87

Hence , the interest is solved

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Related Questions

Find the real or imaginary solutions of the following equation by factoring.
w³-512=0
Choose the correct answer below.
OA. -8,4+4√3i, 8-4√3i
OB. 64,- 64+8i, 64-8√3i
O C. -512, -4+4√3i, -8-4√3i
OD. 8, -4+4√3i, -4-4√3i

Answers

The answer is D. I hope you can understand what I have written in the picture below

Solve the quadratic equation 2x2 – x = 15 using the quadratic formula.

Answers

Answer:

x = 3, -5/2

Step-by-step explanation:

First, you move the 15 onto the left of the equation by subtracting it from both sides.

Second, you plug your info into the quadratic equation.  (1 +- sqrt(1+4*15*2))/4

Answer this pleaseeee

Answers

The solution of the trigonometric equation on the interval (, 360) is

x = 90° or x = 126.87° or x = 216.87

What is a trigonometric equation?

A trigonometric equation is an equation that contains trigonometric ratios.

Given the trigonometric equation

2sinx = 1 - cosx, we proceed to solve for x as follows.

Since 2sinx = 1 - cosx

Using sin²x = 1 - cos²x

⇒ sinx = √(1 - cos²x )

Substituting this into the equation, we have that

2sinx = 1 - cosx

2√(1 - cos²x ) = 1 - cosx

Squaring both sides, we have that

[2√(1 - cos²x )]² = (1 - cosx)²

4(1 - cos²x ) = (1 - cosx)²

4 - 4cos²x = 1 - 2cosx + cos²x

Collecting similar terms, we have that

1 - 4 - 2cosx + 4cos²x + cos²x = 0

- 3 - 2cosx + 5cos²x = 0

Re-arranging the equation, we have that

5cos²x - 2cosx - 3 = 0

Let cosx = y

So, we have that

5y² - 2y - 3 = 0

Factorizing, we have that

5y² - 2y - 3 = 0

5y² - 5y + 3y - 3 = 0

5y(y - 1) + 3(y - 1) = 0

(5y + 3)(y - 1) = 0

⇒ 5y + 3 = 0 or y - 1 = 0

⇒ 5y = -3 or y = 1

⇒ y = -3/5 or y = 1

Since y = cosx, we have that

cosx = -3/5 or cosx = 1

cos(180° - x) = 3/5 or cos(270° - x) = 3/5 or cosx = 1

Taking inverse cosine, we have that

180° - x = cos⁻¹(3/5) or 270° - x = cos⁻¹(3/5) or x = cos⁻¹(1)

180° - x = 53.13° or 270° - x = 53.13° or x = 90°

x = 180° - 53.13° or x = 270° - 53.13° or x = 90°

x = 126.87° or x = 216.87 or x = 90°

So, the solution is

x = 90° or x = 126.87° or x = 216.87

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The angle of depression from the window of a building to a parked car is 38°. If the car is parked 320 feet away from the base of the building, what is the distance between the window and the car to the nearest tenth?

Answers

Answer:

Set your calculator to degree mode.

Please sketch the figure to confirm my answer.

cos(38°) = 320/d

d•cos(38°) = 320

d = 320/cos(38°) = 406.1 feet

Jamal is planning a conference. A local hotel rents a ballroom for $620 and charges $35 per guest for food.
Step 2 of 5: Determine the total charge if 138 guests attend the conference.

Answers

The total charge if 138 guests attend the conference is $5450

Determining the total charge if 138 guests attend the conference.

From the question, we have the following parameters that can be used in our computation:

A local hotel rents a ballroom for $620 And charges $35 per guest for food.

Using the above as a guide, we have the following:

Total = ballroom + food * number of guests

Substitute the known values in the above equation, so, we have the following representation

Total = 620 + 35 * 138

Evaluate

Total = 5450

Hence, the total charges is $5450

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On a recent survey from Starbucks, 4200 people were asked their age. The mean age was found to be 28 years with a standard deviation of 18 months. Assume that the data is normally distributed and use the 68-95-99.7 Rule to answer the following questions. a) Of those surveyed, about how many people are at least 26.5 years old? people b) of those surveyed, about how many people are less than 26.5 years old? people ​

Answers

a) Approximately 84% of the people are at least 26.5 years old. So, about 3528 people (0.84 * 4200).

b) Approximately 16% of the people are less than 26.5 years old. So, about 672 people (0.16 * 4200).

How to solve

a) 26.5 years is 1.5 years (18 months) less than the mean (28 years). This is 1 standard deviation (18 months) below the mean.

The 68-95-99.7 Rule states that 68% of the data falls within 1 standard deviation of the mean. So, 100% - 68% = 32% is outside 1 standard deviation.

Since it's symmetrical, one-half of that 32% (16%) is less than 26.5 years, and the other half (16%) is older than 29.5 years.

Consequently, 100% - 16% = 84% is over 26.5 years old. If you multiply 0.84 by 4200, you get 3528 people.

b) As calculated earlier, 16% of the people are less than 26.5 years old. 0.16 * 4200 = 672 people.

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You start at (2, -1). You move left 4 units. Where do you end?

Answers

Answer:

  (-2, -1)

Step-by-step explanation:

You want the point that is 4 units left of (2, -1).

X-coordinate

The x-coordinate of an (x, y) coordinate pair tells you the number of units to the right of the x=0 point. It increases for points farther right, and decreases for points farther left.

Moving left 4 units decreases the x-coordinate by 4 units. The x-coordinate of 2 becomes ...

  2 -4 = -2

The coordinates of the moved point are (-2, -1).

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Answer this question soon

Answers

Answer:

CA - 144

AD - 98

ABD - 49

BC - 134

C - unsure

Step-by-step explanation:

help this assignment is already past due

Answers

The decimals as a power of 10 are given as follows:

Decimal: [tex]1 x 10^{-1}[/tex]Centimeter: [tex]1 x 10^{-2}[/tex]Millimeter:  [tex]1 x 10^{-3}[/tex]Micrometer:  [tex]1 x 10^{-6}[/tex]

What is scientific notation?

A number in scientific notation is given by the notation presented as follows:

[tex]a \times 10^b[/tex]

With the base being [tex]a \in [1, 10)[/tex], meaning that it can assume values from 1 to 10, with an open interval at 10 meaning that for 10 the number is written as 10 = 1 x 10¹, meaning that the base is 1, justifying the open interval at 10.

Hence the numbers are represented as follows:

Decimal: [tex]1 x 10^{-1}[/tex] -> the one is the first decimal digit.Centimeter: [tex]1 x 10^{-2}[/tex] -> the one is the second decimal digit.Millimeter:  [tex]1 x 10^{-3}[/tex] -> the one is the third decimal digit.Micrometer:  [tex]1 x 10^{-6}[/tex] -> the one is the sixth decimal digit.

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I NEED HELP ASAP I have to tern this packet in tomorrow and i do not know how to solve scales in geometry

Answers

Answer:

The anser is letter C)

Step-by-step explanation:

because it multiplies x3

0,5×3=1,5

1,5×10=15

10×3=30

Answer:

1cm=30m

HELP FASTTTTT PLAZSSSS

Answers

Top right=1
Top left=2
Bottom left=3
Bottom right=4

need help please


here is the picture is about Row Ops

Answers

The result of adding -3 (row 1) to row 2 is determined as (0  10) |-14.

What is the result of the row multiplication?

The resultant of the row multiplication in the Matrice is calculated by applying the following method;

row 1 in the given matrices = [1  -4] | 8

To multiply row1 by -3, we will multiply each entity by 3 as shown below;

= -3(1  -4) | 8

= (-3  12) | -24

To add the result to 3;

(-3  12) | -24  +  (3   -2)|10

= (0  10) |-14

Thus, the result of the row multiplication is determined by multiplying each entry in row 1, by - 3.

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Help please!!!!
Whoever answers right gets brainliest!

Answers

When w = 10 and z = 2, the value of expression 2w⁻²z⁰ is equal to 1/50. So, correct option is A.

The expression 2w⁻²z⁰ can be simplified as follows:

2w⁻²z⁰ = 2/w² * z⁰

Since z⁰ = 1 for any non-zero value of z, we can simplify further:

2w⁻²z⁰ = 2/w² * 1

Now we can substitute w = 10 into the expression:

2(10)⁻² * 1 = 2/100 = 1/50

In general, when we have a negative exponent in an expression, we can rewrite it as a positive exponent in the denominator. In this case, w⁻² can be rewritten as 1/w². Additionally, any number raised to the power of 0 is always 1, so z⁰ = 1. By simplifying the expression, we can easily substitute the given values of w and z to evaluate the expression.

So, correct option is A.

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help please

The half-life of Radium-226 is 1590 years. If a sample contains 500 mg, how many mg will remain after 1000 years? -----------

Answers

after 1000 years, there will be approximately 218.7 mg of Radium-226 remaining in the sample. use formula for radioactive decay to solve

what is radioactive decay ?

Radioactive decay is the process by which an unstable atomic nucleus loses energy by emitting radiation, such as alpha particles, beta particles, and gamma rays. The decay occurs in order to achieve a more stable configuration of the nucleus.

In the given question,

The formula for radioactive decay is:

N(t) = N0 * (1/2)ᵃ⁾ᵇ

where:

N(t) is the amount of radioactive material at time t

N0 is the initial amount of radioactive material

t is the time elapsed since the initial measurement

T is the half-life of the radioactive material

We can use this formula to solve the problem as follows:

N0 = 500 mg (the initial amount)

T = 1590 years (the half-life)

t = 1000 years (the time elapsed)

N(t) = 500 * (1/2)¹⁰⁰⁰⁾ ¹⁵⁹⁰

N(t) = 500 * 0.4374

N(t) = 218.7 mg

Therefore, after 1000 years, there will be approximately 218.7 mg of Radium-226 remaining in the sample.

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someone pls help me with this question!!

Answers

Answer:

  x < -1 or x ≥ 5

Step-by-step explanation:

You want the solution and its graph for the compound inequality ...

3x -2 < -5, or-2x ≤ -10

Solution

Adding 2 to the first inequality gives ...

  3x < -3

  x < -1 . . . . . divide by 3

Multiplying the second inequality by -1/2 gives ...

  x ≥ 5

The solution is x < -1 or x ≥ 5.

PLEASE HELP ITS DUE TOMORROW!!!

Answers

Answer:

Step-by-step explanation:

House

B) Down Payment: $151,800

C) $607,200

D) $819,720

E) $1,426,920

F) $47,564

Car:

B) $2,902.50

C) $16,447.50

D) $3,700.6875 = $3,700.69

E) $20,148.1875 = $20,148.19

F) $335.803125 = $335.80


DONE !!! :)

Please help !!!!!!!!!!

Answers

The total amount of interior angles featured on a polygon with 'n' sides can be determined through the equation (n-2)*180 degrees. This formula applies to all types of polygons, such as triangles.

How to explain the triangle

In order to calculate the sum of each individual angle in the polygon, we must consider the total degree measure formed within each triangle. Every triangle consists of three different sized interior angles that together form an count of 180 degrees.

For instance, when a polygon containing 'n' sides is divided into separate triangles by interconnecting certain vertices, the overall number of triangles produced can be worked out using the equation (n-1). A square, for example, can be broken down into two distinctive triangles, whereas a pentagon structures five triangles, and finally, a hexagon results in four.

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how to find the area of a circle with the diameter of 22 in with pi

Answers

The area of the circle with a diameter of 22 in in terms of pi is 121π in².

What is the area of the circle?

A circle is simply a closed 2-dimensional curved shape with no corners or edges.

The area of a circle is expressed mathematically as;

A = πr²

Where r is radius and π is constant pi.

Given that:

The diameter of the circle is 22 inches.

Radius is half of diameter

Hence:

Radius r = diameter/2 = 22/2 = 11 in

Plug the value into the above formula and solve for area.

A = πr²

A = π × ( 11 in )²

A = 121π in²

Therefore, the area is 121π in².

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The masses, in kilograms, of 25 pumpkins were
recorded and summarized in the histogram shown. No
pumpkin's mass was an integer number of kilograms.
How many pumpkins had a mass greater than
6 kilograms?

Answers

Observing the given histogram we know that there are 16 pumpkins that have a mass greater than 6 kilograms.

What is a histogram?

A histogram is a graph that displays the values of a numeric variable's distribution as a collection of bars.

The height of a bar represents the frequency of data points with values falling within the relevant bin; each bar typically spans a range of numerical values known as a bin or class.

Similar to a bar chart, a histogram is produced with bars of varying widths.

In a histogram, the frequency is revealed by the bar's area rather than its height.

We plot the frequency density rather than frequency on the y-axis. To figure this out, divide a group's frequency by its width.

So, the x-axis of the given histogram represents the mass of the pumpkins.

The y-axis of the histogram represents the number of pumpkins.

Then, the pumpkins with greater mass than 6 kilograms:

= 8 + 6 + 2

= 16


Therefore, observing the given histogram we know that there are 16 pumpkins that have a mass greater than 6 kilograms.

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Four data sets are shown below. Set 1: {10, 19, 38, 50, 51} Set 2: {5, 21, 26, 39, 51} Set 3: {9, 38, 50, 50, 51} Set 4: {5, 28, 28, 28, 51} Which data set has the largest standard deviation? * Set 1 Set 2 Set 3 Set 4

Answers

Answer:

Set 1: {10, 19, 38, 50, 51}

Step-by-step explanation:

To calculate the standard deviation of a data set, we first find the mean of the data set. The mean is simply the sum of all the values in the data set divided by the number of values. For example, the mean of Set 1 is:

(10+19+38+50+51)/5=33.6

Next, we find the variance of the data set. The variance is the average of the squared differences between each value in the data set and the mean. For example, the variance of Set 1 is:

((10−33.6)^2+(19−33.6)^2+(38−33.6)^2+(50−33.6)^2+(51−33.6)^2)/5=323.84

Finally, we take the square root of the variance to get the standard deviation. For example, the standard deviation of Set 1 is:

[tex]\sqrt{323.84}[/tex]=17.99

We can repeat this process for each of the four data sets and find that Set 1 has the largest standard deviation.

I need the best answer to this question complete sentences (I will give 20 points for the full question answered how it says to do it.)

Answers

The three types of rock are igneous, sedimentary, and metamorphic.

What are the three types of rock?

There are three types of rocks as explained below.

Igneous rocks are formed from the cooling and solidification of molten rock, either on the Earth's surface (extrusive) or beneath the surface (intrusive). Examples of igneous rocks include basalt, granite, and pumice.

Sedimentary rocks are formed from the accumulation and cementation of sediment particles (such as sand, silt, and clay) or the precipitation of minerals from a solution. Examples of sedimentary rocks include sandstone, limestone, and shale.

Metamorphic rocks are formed from the alteration of pre-existing rocks by heat, pressure, and chemical reactions. Examples of metamorphic rocks include marble, slate, and gneiss.

The rock cycle is the process by which one type of rock can be changed into another type of rock.

The rock cycle involves three main processes:

Weathering and erosionDeposition and lithificationMelting and solidification

Therefore, one type of rock can be changed into another type of rock through the rock cycle by undergoing weathering, erosion, deposition, lithification, metamorphism, melting, and solidification, depending on the specific conditions and processes involved.

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In circle S with
m

R
S
T
=
102
m∠RST=102 and
R
S
=
6
RS=6 units, find the length of arc RT. Round to the nearest hundredth.

Answers

In a circle, the measure of a central angle is equal to the measure of its intercepted arc. Since ∠RST is a central angle of circle S and its measure is 102 degrees, the measure of its intercepted arc ⌢RT is also 102 degrees.

The circumference of a circle is given by the formula C = 2πr, where r is the radius of the circle. Since RS is a radius of circle S and its length is 6 units, the circumference of circle S is C = 2π * 6 = 12π units.

The length of an arc is proportional to its measure in degrees. Since the measure of ⌢RT is 102 degrees and the total measure of a circle is 360 degrees, the length of ⌢RT is (102/360) * 12π = 3.4π units.

Rounded to the nearest hundredth, this is approximately 10.68 units.

What is the standard form of the equation for the circle
A. (X-3)^2+(y-2)^2=32

Answers

The standard form of the equation for the circle is (x - 3)² + (y - 2)² = 8.

What is the equation of a circle?

In Mathematics and Geometry, the standard form of the equation of a circle is represented by the following mathematical equation;

(x - h)² + (y - k)² = r²

Where:

h and k represents the coordinates at the center of a circle.r represents the radius of a circle.

Note: A center that lies on the y-axis simply means the value of h on the x-axis is equal to 0.

Based on the information provided above, we have the following parameters:

Radius, r = √[(3 - 5)² + (2 - 4)²] = √8

Center, (h, k) = (3, 2).

By substituting the given parameters into the equation of a circle formula, we have the following;

(x - h)² + (y - k)² = r²

(x - 3)² + (y - 2)² = (√8)²

(x - 3)² + (y - 2)² = 8.

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Complete Question:

A circle is shown on the coordinate plane. The graph shows a circle with the origin point A at (3, 2), and a point B on its circumference at (5, 4) and intersects the x-axis at 1 and 5 units. What is the standard form of the equation for the circle?

Please help me!
Which of these graphs represent a function?

Answers

Answer:

  X

Step-by-step explanation:

You want to identify the graph that represents a function.

Vertical line test

A graph represents a function if no vertical line intersects the graph in more than one place.

W – the line x=0 intersects the graph at y = -4 and at y = 4. This graph is not the graph of a function.

X – At points where the graph might overlap, one point is identified as not include, (1, -1) for example, while the other point is identified as included (1, 1) for example. This means there is only one function value at that point, so this is the graph of a function.

Y – The vertical line x=-2 intersects the graph in an infinite number of points. This graph is not the graph of a function.

Z – The vertical line x=0 intersects the graph at y = -2, y = 0, and y = 2. This graph is not the graph of a function.

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How much work does an elevator motor need to do to lift a 1400kg elevator a height of 100m?

Answers

ans. 1400000

we know that

work done by gravity =  mgh

just putting values we get

= 1400x 100 x 10

= 1400000

hence,work done an elevator motor need to do to lift a 1400kg elevator a height of 100m is 1400000

50 Points! Solve each equation or inequality. Only looking for an answer to B. Photo attached. Please show as much work as possible. Thank you!

Answers

The equation 5ʷ ⁺ ³ = 17 when solved for w is approximately w = 0.41 and the solution to the inequality is b ≤ 1.87

Solving the equations or inequalities for w

From the question, we have the following parameters that can be used in our computation:

5ʷ ⁺ ³ = 17

Take the logarithm of both sides

So, we have

w + 3 = ln(17)/ln(3)

Evaluate the quotient

This gives

w + 3 = 2.59

So, we have

-3 + w + 3 = 2.59 - 3

Evaluate

w = 0.41

For the second expression, we have

2ᵇ ⁺ ¹ ≤ 7.31

Take the logarithm of both sides

So, we have

b ≤ ln(7.31)/ln(2) - 1

So, we have

b ≤ 1.87

Hence, the equation when solved for w is approximately w = 0.41

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Find the sum:

125 (base 7) + 256 (base 7)

Answers

The sum of 125 (base 7) and 256 (base 7) is 404 (base 7). To compute it, we convert each number to base 10, add them, and then convert the result back to base 7.

Write each number in expanded form using powers of 7.

125 (base 7) = 1 x 7² + 2 x 7¹ + 5 x 7⁰ = 49 + 14 + 5 = 68

256 (base 7) = 2 x 7² + 5 x 7¹ + 6 x 7⁰ = 98 + 35 + 6 = 139

Add the two numbers together to get the sum in decimal form.

68 + 139 = 207

Convert the decimal sum to base 7 using repeated division by 7.

Divide 207 by 7 to get a quotient of 29 and a remainder of 4. Write down the remainder as the rightmost digit in the base 7 representation. Divide 29 by 7 to get a quotient of 4 and a remainder of 1. Write down the remainder as the next digit to the left in the base 7 representation.

Divide 4 by 7 to get a quotient of 0 and a remainder of 4. Write down the remainder as the leftmost digit in the base 7 representation.

So the sum of 125 (base 7) and 256 (base 7) is 404 (base 7).

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Suppose we have a large population with mean and standard deviation . Let’s say we randomly sample 100 values from this population and compute the mean, then repeat this sampling process 10,000 times and record all the means we get. Which of the following is the best approximation for the standard deviation of our 10,000 sample means?

Answers

The best approx. for mean of 10,000 sample means is equal to the population mean which is 84. The Option C is correct.

What is best approx. for mean of 10,000 sample?

According to central limit theorem, the distribution of sample means from a large sample size will be normal regardless of the shape of the population distribution.

This is because the mean equal to the population mean and a standard deviation equal to the population standard deviation divided by the square root of the sample size.

The standard deviation of distribution of sample means will be:

= Population standard deviation / √sample size

= 7.2 / √100

= 0.72

So, the best approximation for the mean of 10,000 sample means is equal to the population mean which is 84.

Full question "Suppose we have a large population with mean = 84 and standard deviation = 7.2. 10 points Let's say we randomly sample 100 values from this population and compute the mean, then repeat this sampling process 10,000 times and record all the means we get.  Which of the following is the best approximation for the mean of our 10,000 sample means? A. 8.4 b. 100 c. 84"

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The hypotenuse of a certain right triangle is twice the length of the
shorter leg. The shorter leg is 4 cm.

Answers

Answer:

Step-by-step explanation:

If the hypotenuse of a right triangle is twice the length of the shorter leg and the shorter leg is 4 cm, then the hypotenuse is 2 * 4 cm = 8 cm.

Using the Pythagorean theorem, we can find the length of the longer leg. The Pythagorean theorem states that in a right triangle, the square of the length of the hypotenuse is equal to the sum of the squares of the lengths of the other two sides. Letting c represent the length of the hypotenuse and a and b represent the lengths of the other two sides, we can write this as c^2 = a^2 + b^2.

Substituting in the known values for c and one of the other sides (let’s say a), we have:

8^2 = 4^2 + b^2 64 = 16 + b^2 b^2 = 48 b = sqrt(48)

So, the length of the longer leg is sqrt(48) cm, or approximately 6.93 cm.

Solve for p.

p − 4
2
= 3

Answers

The value of p in the expression is 45

What is additive inverse?

Additive inverse simply means changing the sign of the number and adding it to the original number to get an answer equal to 0.

For example a+5 = 2 , by solving this we add the additive inverse of 5 to both sides. The additive inverse of 5 is -5

this means,

a+5-5 = 2-5

a = 2-5

a = -3

Similarly, p-42 = 3 is solved in the same way. we add the additive inverse of -42 which is +42 to both sides,

p-42+42 = 3+42

p = 3+42

p = 45

therefore the value of p is 45

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