![19deleonl](/avatars/18506.jpg)
19deleonl
20.07.2019 •
Mathematics
Kevin owes $4,645 on a credit card with a 19.7% interest rate compounded monthly. what is the monthly payment he should make in order to pay off this debt in 12 months, assuming he does not charge any more purchases with the card? $387.08$84.34$429.62$1,034.65** with steps too, .
Solved
Show answers
More tips
- F Food and Cooking How to Make Polendwitsa at Home?...
- F Family and Home Parents or Environment: Who Has the Most Influence on a Child s Upbringing?...
- P Philosophy Unbelievable stories of encounters with otherworldly forces...
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
Answers on questions: Mathematics
- M Mathematics 9 divided by 841 remainder form?...
- M Mathematics Joe was planning a business trip to Canada, so he wentme bank to exchange $200 U.S. dollars for Canadian (CDN)dollars (at a rate of $1.02 CDN per $1 US). On the way homefrom...
- M Mathematics Which number is the smallest? A) 5.6123 B)5.6245 C) 5.6023 D) 5.6985...
- M Mathematics This is for 40 points...
- M Mathematics How do I solve 1/4w-1/3=4 2/3...
- M Mathematics 4x +2=5 x 6. I need to know how to solve this problem with all the work shown please....
- M Mathematics Which ordered pair is a solution of this equation? -2x + 9y = -26...
- M Mathematics For the following distribution, decide whether you expect the mean, median, or mode to give the best representation of the center of the distribution, and explain why....
- M Mathematics 2 Polhts Which quantities indicate a direction and a magnitude? Check all that apply. A. Distance O B. Acceleration O C. Velocity O D. Speed...
- M Mathematics Solve for xxx. -9x+2 18 \quad \maroonC{\text{ AND}} \quad 13x+15\leq-4−9x+2 18 AND13x+15≤−4...
Ответ:
Alternatively, and somewhat more slowly, you can make use of the amortization formula.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where A is the monthly payment,
P is the current balance (4645),
r is the annual rate (.197),
n is the number of compoundings per year (12), and
t is the number of years (1).
Filling in the numbers, you have
A = 4645*(.197/12)/(1 -(1 +.197/12)^-12)
A ≈ 429.62 . . . . . corresponds to the 3rd choice
Ответ:
answer: 1/16y^2
step-by-step explanation: youre welcome