Mathematics, 29.06.2019 09:00 jsavagejsavage9216

Larry is considering taking out a loan. he estimates that he can afford monthly payments of $265 for 10 years in order to support his loan. he finds that with an apr 5.5 compounded monthly he can take a loan of $24,418.05 assuming that larry’s monthly payment and the length of the loan remain fixed which of these statements is true about the size of the loan larry could take if he received a different apr?

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Answer from: crazteeyn8290

Step-by-step explanation:

the guy above explained

Answer from: pr47723

option-C

option-D

Step-by-step explanation:

we are given

He estimates that he can afford monthly payments of $265 for 10 years in order to support his loan

so, firstly we will find total amount

$A=265\times 12\times 10$

A=31800

now, we can verify each options

option-A:

r=6.6% =0.066

Amount is same

A=31800

now, we can use APR formula

$A=P(1+\frac{r}{n})^{nt}$

It is compounded monthly

so, n=12

we can plug it and then we can solve for P

$31800=P(1+\frac{0.066}{12})^{12\times 10}$

P=16465.6215

we can see that it is less than 24418.05

So, this is FALSE

option-B:

r=6.2% =0.062

Amount is same

A=31800

now, we can use APR formula

$A=P(1+\frac{r}{n})^{nt}$

It is compounded monthly

so, n=12

we can plug it and then we can solve for P

$31800=P(1+\frac{0.062}{12})^{12\times 10}$

P=17133.96

we can see that it is less than 24418.05

So, this is FALSE

option-C:

r=5.2% =0.052

Amount is same

A=31800

now, we can use APR formula

$A=P(1+\frac{r}{n})^{nt}$

It is compounded monthly

so, n=12

we can plug it and then we can solve for P

$31800=P(1+\frac{0.052}{12})^{12\times 10}$

P=18927.00451

we can see that it is less than 24418.05

So, this is TRUE

option-D:

r=5.8% =0.058

Amount is same

A=31800

now, we can use APR formula

$A=P(1+\frac{r}{n})^{nt}$

It is compounded monthly

so, n=12

we can plug it and then we can solve for P

$31800=P(1+\frac{0.058}{12})^{12\times 10}$

P=17829.66

we can see that it is less than 24418.05

So, this is TRUE

Answer from: Quest

the quotient is 4x^2 - 27x + 167 with a remainder of -996

step-by-step explanation:

in synthetic division, use -6 as the divisor and use the coefficients {4, -3, 5, 6}:

-6 ) 4 -3 5 6

-24 162 -1002

4 -27 167 -996

thus, the quotient is 4x^2 - 27x + 167 with a remainder of -996.

note: your "4x°-3x+5x+6" is ambiguous / incomplete. i had to assume that you meant '4x^3 - 3x^2 + 5x + 6."

Answer from: Quest

You can find the area of a rectangle by multiplying the length and height. so multiply 1/2*7/4(which is the simpler version of 1 3/4) and you get 7/8 as your answer.
Find the area of the rectangle guysss i need it rut now plz us

Find the area of the rectangle guysss i need it rut now plz us

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