Mathematics, 04.10.2021 20:20 xoxotrish5401

Miles and Nick each separately apply for and receive loans worth $5,000 apiece. Miles has a very good credit score, so his loan has an APR of 7.75%, compounded monthly. Nick’s credit score is rather low, so his loan has an APR of 13.10% interest, compounded monthly. If both of them repay their loans over a four year period, making equal monthly payments based on their own loan, how much more will Nick have paid than Miles? (Round all dollar values to the nearest cent.) a.
$619.68
b.
$267.50
c.
$1,609.57
d.
$1,070.00

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 13:00, QueenNerdy889

You download a video game to your computer. you have a 60-minute free trial of the game. it takes 5 1/6 minutes to set up the game 7 1/3 minutes to play each level. you want to find out how many levels you can play for free. which inequality describes the number of levels, l, you can play in 60 minutes? can you play 6 levels during your free trial? i need ,

Answers: 3

continue

Mathematics, 21.06.2019 17:20, kolbehoneyman

Four airplanes carrying a total of 400 passengersarrive at the detroit airport. the airplanes carry, respectively,50, 80, 110, and 160 passengers. a) one of the 400 passengers is selected uniformly at random. let x denote the number of passengers that were on theairplane carrying the randomly selected passenger. find var(x)for x as given in the problemb) one of the 4 airplane drivers is also selected uniformly atrandom. let y denote the number of passengers on the chosen driver’s airplane. find var(y) for y as given in the problem

Answers: 3

continue

Mathematics, 21.06.2019 18:00, duplerk30919

What is the difference between the predicted value and the actual value

Answers: 1

continue

Mathematics, 22.06.2019 01:30, karsenbeau

Given are five observations for two variables, x and y. xi 1 2 3 4 5 yi 3 7 5 11 14 which of the following is a scatter diagrams accurately represents the data? what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? try to approximate the relationship betwen x and y by drawing a straight line through the data. which of the following is a scatter diagrams accurately represents the data? develop the estimated regression equation by computing the values of b 0 and b 1 using equations (14.6) and (14.7) (to 1 decimal). = + x use the estimated regression equation to predict the value of y when x = 4 (to 1 decimal). =

Answers: 3

continue

You know the right answer?

Miles and Nick each separately apply for and receive loans worth $5,000 apiece. Miles has a very goo...