Penny attended a four year state college. she took out a student loan to pay for her tuition and room & board for the four years she was attending the college. her tuition fees were $6,970 per year, and the cost of her room and board was $11,320 per year. now that she has graduated, she will have to start paying back her loan. fortunately, penny has a grace period of one year before she has to start paying back the loan. her loan details are as follows: there is a fixed-rate interest of 4.5% and the interest compounds each month. during her one year grace period, interest will accrue on the loan, so that when she has to start paying the loan back she will owe more than what she owes now. her goal is to be able to payoff the loan in 10 years. what is the new loan amount after the one-year grace period (remember that interest will accrue on the loan during this initial 12-month period that she is not paying anything back on the loan)? this is the amount that she will be responsible for paying back. (round your answer to the nearest whole dollar)

Answers

Answer 1

The new loan amount is $113,797

What is compound interest?

Compound interest is the interest imposed on a loan or deposit amount. It is the most commonly used concept in our daily existence. The compound interest for an amount depends on both Principal and interest gained over periods. This is the main difference between compound and simple interest.

We can find new loan amount as shown below:

Total amount of loan=4*6,970+4*11,320

=27,880+45,280

=$73,160

Now, we will find new loan amount using compound interest formula.

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

P=$73,160

n=12

t=1 year

r=4.5%=0.045

Putting in formula

Amount\(=73,160(1+\frac{0.045}{12})^{12}\)

=$113,797.039

Rounding to nearest dollar

=$ 113,797

Hence, new loan amount after one-year grace period is $113.797.

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Related Questions

A. How many 4-card hands are possible with exactly 2 of the cards being Aces?

B. whats the probability a player gets a 4 card hand of just containing clubs?​

Answers

A. There are 297,920 possible 4-card hands with exactly 2 Aces.

B. The probability of getting a 4-card hand of just clubs is approximately 0.0665 or 6.65%.

Explanation for A:

To find the number of 4-card hands with exactly 2 Aces, we can use the combination formula. There are 4 choose 2 ways to select the 2 Aces from a deck of 52 cards, and 48 choose 2 ways to select the other 2 cards from the remaining 48 cards in the deck. Therefore, the total number of possible 4-card hands with exactly 2 Aces is:

(4 choose 2) * (48 choose 2) = 6 * 1,128 = 6,768

Explanation for B:

There are 13 clubs in a deck of 52 cards. To find the probability of getting a 4-card hand of just clubs, we can use the formula for a combination of 4 clubs divided by the total number of possible 4-card hands:

(13 choose 4) / (52 choose 4) ≈ 0.0665 or 6.65%

Therefore, the probability of getting a 4-card hand of just clubs is approximately 0.0665 or 6.65%.

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Can someone help me please ASAP

Can someone help me please ASAP

Answers

The length of side RQ is 13.00 ft.

Given that a triangle RPQ, with sides RP = 8 ft, PQ = 13 ft and angle P between these sides equal to 71°, we need to find the length of side RQ which is opposite to the angle P,

To find the length of side RQ using the cosine rule, we can use the formula:

RQ² = RP² + PQ² - 2 RP PQ Cos(P)

Let's plug in the given values:

RP = 8 ft

PQ = 13 ft

angle P = 71°

Now we can calculate RQ:

RQ² = 8² + 13² - 2 × 8 × 13 × cos(71°)

Using a calculator, we can evaluate the cosine term:

RQ² = 64 + 169 - 208 × cos(71°)

RQ² ≈ 64 + 169 - 208 × 0.3072

RQ² ≈ 64 + 169 - 63.9936

RQ² ≈ 169.0064

Taking the square root of both sides:

RQ ≈ √169.0064

RQ ≈ 13.00 ft (rounded to two decimal places)

Therefore, the length of side RQ is 13.00 ft.

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Write two polynomials whose sum is x^3-x-7

Answers

Sry need pointssssssssssssss

If a recipe calls for three-quarters of a
cup of sugar but Kate only wants to
make half of the recipe, how much sugar
will she need?

Answers

Answer:
She would need 3/8 of a cup of sugar.
Explanation:
1 3 3
— • — = —
2 4 8

Kate will need 3/8 cup of sugar.

What is a fraction?

Fractions represent the parts of a whole or collection of objects.

A fraction has two parts. The number on the top of the line is called the numerator and the number on the top of the line is called the denominator.

Now it is given that,

Cups of sugar needed for a recipe= 3/4

Now Kate only wants to make half of the recipe

Cups of sugar needed for a half of the recipe = Cups of sugar needed for a recipe / 2

Cups of sugar needed for a half of the recipe = 3/4 ÷ 2

Cups of sugar needed for a half of the recipe = 3/8

Thus, Kate will need 3/8 cup of sugar.

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What is 0.04% of 30? Round to the nearest hundredth

Answers

Answer:

0.012

Step-by-step explanation:

Have a good day.

Answer:

.01

Step-by-step explanation:

Change the percent to decimal form

.04% = .0004

.0004 *30

.012

Round to the nearest hundredth

.01

State the name of the property illustrated. (2+1) + (6 +5) = (V6 +5) +(2+1)

Answers

The property illustrated in (2 + 1) + (6 + 5) = (6 +5) +(2 + 1) is the commutative property of addition

How to determine the name of the property

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

(2 + 1) + (6 + 5) = (6 +5) +(2 + 1)

In the above expression, we can see that

The terms of the expression are swapped

This can be illustrated as

if a + b = b + a

The name of the property is the commutative property of addition

Hence, the name of the property illustrated in (2 + 1) + (6 + 5) = (6 +5) +(2 + 1) is the commutative property of addition

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What is the definition of vector in matlab?

Answers

A vector is a two-dimensional array that has a size of 1-by-N or N-by-1, where N is a nonnegative integer

Can someone pleaseeee help if you’re correct I’ll give u brainlist

 Can someone pleaseeee help if youre correct Ill give u brainlist

Answers

Answer:

if im correct the answer is 70

Step-by-step explanation:

A circle has a 360 degree angle so what I did is i added 85+80+125 and i got 290. 360-290=70

Which of the following is the best model to use to document the inputs and the outputs to a system?a. State chart diagram c. Activity diagramb. Fully developed use case description d. System sequence diagram

Answers

System sequence diagram is the best model to use to document the inputs and the outputs to a system.

In the realm of software engineering, a sequence diagram, also known as a system sequence diagram (SSD), depicts process interactions grouped in chronological order. It illustrates the processes involved and the order in which messages must be exchanged for the processes to provide the functionality. In the 4+1 architectural perspective model of the system under development, sequence diagrams are often connected to use case realizations. Event diagrams and event scenarios are other names for sequence diagrams.

The diagrams display the events that external actors produce, their order, and any potential inter-system events for a given scenario of a use case. [1] The diagram emphasizes events that cross the system boundary from actors to systems and treats all systems as black boxes. The main success scenario of the use case, as well as frequent or complex alternate situations, should be represented using a system sequence diagram.

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Is it a
linear function ?


I NEED HELP

 Is it alinear function ?I NEED HELP

Answers

No it is not a linear function.

ALDS championship hats are sold in boxes of 18. If the Tampa Bay Rays need 168 hats for team members and staff, how many boxes of hats would they need to order? Explain your
reasoning

Answers

Answer: 3024

Step-by-step explanation:

mutiply 18x 168

I need help please I need to do this tonight

I need help please I need to do this tonight

Answers

Answer: -4

Step-by-step explanation:

-2+3-5=-4

I HOPE THIS HELPS!!!!

Evaluate the expression for t = 9 and u = 2.
t + u =

Answers

9+2=11

if you don’t understand how to substitute numbers for variables i’d talk to your teacher immediately

Find (f+g)(x).
f(x) =
a.
b.
g(x) = x² + 2x-5
1
1
-
X
1_x² - 2x+5
X
X
4
+ x² + 2x-5
C.
x²+2x-5--
d. 1+x²-5
1
X
X

Find (f+g)(x).f(x) =a.b.g(x) = x + 2x-511-X1_x - 2x+5XX4+ x + 2x-5C.x+2x-5--d. 1+x-51XX

Answers

The solution to the composite function operation is:

(f + g)(x) = 1/x + x² + 2x - 5

How to solve composite functions?

Composite functions are defined as when the output of one function is to be used as the input of another. If we have a function f and another function g, then we can say that the function  f of g of x, is the composition of the two functions.

The two functions are given as:

f(x) = 1/x

g(x) =  x² + 2x - 5

Thus, the operation (f + g)(x) is:

(f + g)(x) = (1/x) + x² + 2x - 5

(f + g)(x) = 1/x + x² + 2x - 5

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HELP ASAP!!!!The Singh family ordered a large pizza with a diameter of 20 inches for dinner. If one of the members of the family ate one eighth of the pizza, how many square inches of pizza are remaining? Use 3.14 for π.

274.75 square inches
39.25 square inches
314 square inches
157 square inches

Answers

Answer:

274.75 in²

Step-by-step explanation:

Area of a circle = πr² = (3.14)(20/2)² = 314 in²

(314 in²)(1/8) = 39.25 in²

Pizza remaining = 314 - 39.25 = 274.75 in²

Answer: 274.75

Step-by-step explanation:

Diameter=20

r= 20/2=10

A= π\(r^{2}\)

   = 3.14*10*10

   = 314 square inches

1/8 of 314 = 39.25

So, are of remaining pizza = 314-39.25

                                              = 274.75 square inches

20. The table shows the numberof days you keep a rented movie before returning it and the total cost of renting the
movie. Find the rate of change in cost with repect to time and interpret its meaning.
Time (days)
4
5
6
Cost (dollars)
6.00
8.25
10.50

Answers

Step-by-step explanation:

According to given table we have pairs of points:

(4, 6.00), (5, 8.25), (6, 10.50)

The rate of change is:

(8.25 - 6.00)/(5 - 4) = 2.25

or

(10.50 - 8.25)/(6 - 5) = 2.25

It is 2.25 and the meaning is:

Rental per day is $2.25

a restaurant earns $1445 on friday and $1624 on saturday. Write and solve an equation to find the amount x(in dollars ) the restaurant needs to earn on sunday to average $1500 per day over the three day period. Write an equation so that the units on each side of the equation are dollars per day.

Answers

Add $1445, $1624 and x, divided by 3, and equate to $1500. Solve for x
a restaurant earns $1445 on friday and $1624 on saturday. Write and solve an equation to find the amount

PLEASE HELP ASAP WILL GIVE BRAINLIEST. SHOW WORK

PLEASE HELP ASAP WILL GIVE BRAINLIEST. SHOW WORK

Answers

Answer:A+B+C=180=30

Step-by-step explanation:

Answer is 30
Hope this helps

Please help 60 points for a rapid answer-In the figure below which of the following is true in circle E?

Please help 60 points for a rapid answer-In the figure below which of the following is true in circle
Please help 60 points for a rapid answer-In the figure below which of the following is true in circle

Answers

Answer:

all 3 options are true : A, B, C

Step-by-step explanation:

warning : it has come to my attention that some testing systems have an incorrect answer stored as right answer for this problem.

they say that A and C are correct.

but I am going to show you that if A and C are correct, then also B must be correct.

therefore, my given answer above is the actual correct answer (no matter what the test systems say).

originally the information about the alignment of the point F in relation to point E was missing.

therefore, I considered both options :

1. F is on the same vertical line as E.

2. F is not on the same vertical line as E.

because of optical reasons (and the - incomplete - expected correct answers of A and C confirm that) I used the 1. assumption for the provided answer :

the vertical line of EF is like a mirror between the left and the right half of the picture.

A is mirrored across the vertical line resulting in B. and vice versa.

the same for C and D.

this leads to the effect that all 3 given congruence relationships are true.

if we consider assumption 2, none of the 3 answer options could be true.

but if the assumptions are true, then all 3 options have to be true.

now, for the "why" :

remember what congruence means :

both shapes, after turning and rotating, can be laid on top of each other, and nothing "sticks out", they are covering each other perfectly.

for that to be possible, both shapes must have the same basic structure (like number of sides and vertices), both shapes must have the same side lengths and also equally sized angles.

so, when EF is a mirror, then each side is an exact copy of the other, just left/right being turned.

therefore, yes absolutely, CAD is congruent with CBD. and ACB is congruent to ADB.

but do you notice something ?

both mentioned triangles on the left side contain the side AC, and both triangles in the right side contain the side BD.

now, if the triangles are congruent, that means that each of the 3 sides must have an equally long corresponding side in the other triangle.

therefore, AC must be equal to BD.

and that means that AC is congruent to BD.

because lines have no other congruent criteria - only the lengths must be identical.

Marc, a single taxpayer, earns $260,000 in taxable income and $8,000 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for year 2021, what is his current marginal tax rate

Answers

Marc's current marginal tax rate can be determined by referring to the U.S. tax rate schedule for the year 2021 based on his taxable income.

To calculate Marc's current marginal tax rate, we need to look at the U.S. tax rate schedule for the year 2021. The tax rate schedule consists of several tax brackets, each with its corresponding tax rate. As taxable income increases, individuals move into higher tax brackets and are subject to higher tax rates. Based on Marc's taxable income of $260,000, we would need to refer to the tax rate schedule to determine his marginal tax rate. As the exact tax rates within the brackets can vary, it's important to consult the specific tax rate schedule for the given year.

By locating the corresponding tax bracket for $260,000 in taxable income, we can identify the applicable tax rate. Marc's current marginal tax rate would be the tax rate associated with the bracket that includes his interest.

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Mr. Walker gave his class the function f(x) = (x + 3)(x + 5). Four students made a claim about the function. Each student’s claim is below.

Jeremiah: The y-intercept is at (15, 0).
Lindsay: The x-intercepts are at (–3, 0) and (5, 0).
Stephen: The vertex is at (–4, –1).
Alexis: The midpoint between the x-intercepts is at (4, 0).

Answers

the only student that is correct is Stepheh. "The vertex is at (–4, –1)."

Which claims are true?

Here we have the quadratic equation:

f(x) = (x + 3)*(x + 5)

The first claim is: "The y-intercept is at (15, 0)."

This is clearly false, as the y-intercept is at x = 0, and in that point we have x = 15.

The second claim is:

"The x-intercepts are at (–3, 0) and (5, 0)"

This is false, in the factored equation we can see that the x-intercepts are x =-3 and x = -5.

Third claim:

"The vertex is at (-4, -1)"

The middle value between the zeros is:

(-3 + (-5))/2 = -4

Evaluating the function in x = -4 we get the y-value of the vertex:

f(-4) = (-4 + 3)*(-4 + 5) = -1*1 = -1

So the vertex is at (-4, -1), this claim is true.

The fourth claim is:

"The midpoint between the x-intercepts is at (4, 0)."

Which is false, we already saw that the midpoint between the x-intercepts is at x = -4

Then the only student that is correct is Stepheh. "The vertex is at (–4, –1)."

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(HELP NEEDED PLEASE) A claw arcade machine contains stuffed animals and mystery boxes. There are 44 items in the machine. Winning a stuffed animal has three times as many favorable outcomes as winning a mystery box. How many of each item is in the machine?

Answers

There are 33 stuffed animals and 11 mystery boxes
Answer: 33 stuffed animals and 11 mystery boxes.

Since there are 44 items, the number of stuffed animals is 3/4 of the amount, and the mystery boxes is 1/4. You have to split 44 in 4 pieces.

44 / 4 = 11

When you’re trying to find the stuffed animals, multiply by 3, since 11 x 3 is 3/4 of 44. And for the mystery boxes, multiply it by 1, since 11 x 1 is 1/4 of 44.

Christopher earns $5. 80 an hour and time-and-a-half for all hours over 40 hours. How much did he earn the week he worked 44. 5 hours?.

Answers

Answer: $271.15

Step-by-step explanation:

$5.80 × 40 = 232

Time and a half = $8.70  

Overtime is 4.5 hours

$8.70 × 4.5 = 39.15

$232 + 39.15 = 271.15

find the laplace transform f(s)=l{f(t)} of the function f(t)=e2t−8h(t−4), defined on the interval t≥0. here, h(t) is the unit step function (heaviside).

Answers

The Laplace transform of f(t) is f(s) = (1/(s-2)) - 8 e^(-4s).

We can split the function into two parts:

f(t) = e^(2t) - 8h(t-4)

Taking the Laplace transform of each part separately, we get:

L{e^(2t)} = ∫_0^∞ e^(-st) e^(2t) dt = ∫_0^∞ e^(t(2-s)) dt = 1/(s-2) (by using the Laplace transform formula for e^(at))

L{8h(t-4)} = 8 e^(-4s) (by using the formula for the Laplace transform of the unit step function h(t-a))

Thus, the Laplace transform of f(t) is:

f(s) = L{f(t)} = L{e^(2t)} - L{8h(t-4)} = 1/(s-2) - 8 e^(-4s)

Therefore, the Laplace transform of f(t) is f(s) = (1/(s-2)) - 8 e^(-4s).

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A cube. the top face has points a, g, e, f and the bottom face has points b, h, d, c. the diagonal from a to e is startroot 288 endroot inches and the diagonal from a to d is startroot 432 endroot inches. what is the length of ed in the given cube? round to the nearest tenth of an inch if necessary. in.

Answers

The length of the line ed according to the description of the cube is; 8.5.

What is the length of ed in the given Cube?

First, since the shape is a cube, it follows that the diagonal of the top face can be used to determine the length of the sides of the top face.

Therefore , we have; length of each side of the top face;

ag = ge = ef = fa = √288/2 = 6√2.

Also, the diagonal of a to d is; √432 = 12√3.

Hence, the length of ed in the group as evident from the length of sides of the cube's top face in which case,

Consequently, the length of line ed is;√432 × 8.5.

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The reflectance curve is a plot of the light reflected off a surface as a function of _____.
a. spatial frequency
b. contrast
c. wavelength
d. orientation

Answers

the answer is letter v

Graph the line with slope 3/2 and y-intercept 3. ​

Answers

Answer:

The steepness of any incline can be measured as the ratio of the vertical change to the horizontal change. For example, a  5 % incline can be written as  5100 , which means that for every  100  feet forward, the height increases  5  feet.Figure  4.4.1 In mathematics incline of a line the slope and use the letter  m  to denote it. The vertical change is called the rise and the horizontal change is called the run.Slopem=vertical changehorizontal change=riserun(4.4.1)The rise and the run can be positive or negative. A positive rise corresponds to a vertical change up and a negative rise corresponds to a vertical change down. A positive run denotes a horizontal change to the right and a negative run corresponds to a horizontal change to the left. Given the graph, we can calculate the slope by determining the vertical and horizontal changes between any two points.Example  4.4.1 Figure  4.4.2 From the given points on the graph, count  3  units down and  4  units right.m=riserun=−3units4units=−34 the Answer is.m=−34 .

Step-by-step explanation:

Graph the line with slope 3/2 and y-intercept 3.

Corner Grocery charges $4.80 for 12 sodas. Max's Market charges $5.25 for 15 sodas.

Which store has the best unit price on sodas, and by how much?

Answers

Answer:

To do this, just do 12 divided by 4.80 = 2.5 dollars per can at Corner Grocery, and at Max's Market 15 divided by 5.25 = 2.85 per can. So the Corner Grocery has a better unit price by 35 cents.

Thanks for your question.

Answer:

i dont know

Step-by-step explanation:

i dont know

Someone please help me

Someone please help me

Answers

Answer: 76 in

in the comment i explained it

A new Youth Activity Center is being built in Hadleyville. The perimeter of the rectangular playing field is 442 yards. The length of the field is 4 yards less than quadruple the width. What are the dimensions of the playing​ field?

Answers

Answer:

45 yards and 176 yards

Step-by-step explanation:

Perimeter of a rectangular playing field = 2(Length + width)

P = 2(L+W)..................... Equation 1

From the question,

Let the width of the rectangular playing field = x yards,

The the Length = 4x-4 yards.

Given: P = 442 yards.

Substitute these values into equation 1

442 = 2(4x-4+x)

442/2 = 5x-4

221 = 5x-4

5x = 221+4

5x = 225

x = 225/5

x = 45 yards.

Width = 45 yards.

Length = (45×4)-4 yards = 176 yards

Hence the dimensions of the playing field are, 45 yards and 176 yards

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