Hal has just graduated from four years of college. for the last two years, he took out a stafford loan to pay for his tuition. each loan had a duration of ten years and interest compounded monthly, and hal will pay each of them back by making monthly payments, starting as he graduates. hal’s loans are detailed in the table below. year loan amount ($) interest rate (%) subsidized? junior 4,048 5.9 n senior 5,295 7.6 y once all of his loans are paid off, what will hal’s total lifetime cost be? round all dollar values to the nearest cent. a. $9,023.28 b. $8,467.20 c. $11,498.40 d. $13,615.20

Answers

Answer 1

Hal's total lifetime cost will be $13,615.20.

Data and Calculations

Table detailing the Loans

1:     Year                                      Junior        Senior

2:     Loan Amount ($)                 4,048         5,295

3:     Interest Rate (%)                    5.9%           7.6%

4:     Subsidized?                        No               Yes

5:     Future value                    4,539.76      5,295

6:     Total repayment           $6,020.76    $7,575.51

Total lifetime cost = $ 13,596.27 ($6,020.76 + $7,575.51)

What is the future value of the loan?

The future value of the loan is determined based on no subsidy and interest rate compounded for two years for the Junior Loan.

Junior loan Amount after two years = $4,539.76

Loan Term = 10 years

Interest Rate = 5.9%

Compound Monthly (APR) Pay Back Every Month

Therefore, Payment Every Month   $50.17

Total of 120 Payments   $6,020.76

Total Interest   $1,481.00

Loan Amount = $5,295

Loan Term = 10 years

Interest Rate = 7.6%

Compound Monthly (APR)

Pay Back Every Month

Therefore, a Payment Every Month  of $63.13

Total of 120 Payments   $7,575.51

Total Interest  $2,280.51

Thus, Hal's total lifetime cost will be d. $13,615.20.

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Answers

Answer:

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Step-by-step explanation:

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Question
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Answers

Answer:

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Step-by-step explanation:

Using the formula

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answers

The minimum of x is 15, and the most is infinity, which is the same thing as [15, ∞).

We have given inequality is

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What is the meaning of inequality?

The statement of an order relationship greater than, greater than or equal to, less than, or less than or equal to between two numbers or algebraic expressions.

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(4) Each shelf in Brandon's library is 60 cm wide and has 15 books. There are 8 shelves of fiction books and 7 more shelves with non-fiction books. How many books are there in all?​

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Answer:

225 books

Step-by-step explanation:

you do 15 x 8 and you get 120 then you do 15 x 7 and you get 105 then you add 120 and 105 together and your final answer is 225 books

Answer:

ANswer: 225

Step-by-step explanation:

multiply: 15 x 7 = 105 & 15 x 8 = 120

now add " 105 + 120" together

Total: (See answer above)

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Answer:

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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B. X+X+Y=

C. 2X+5Y=

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Answers

Answer:

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B. 17

C. 29

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Step-by-step explanation:

A.

x + y

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10

B.

x + x + y

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14 + 3

17

C.

2x + 5y

2(7) + 5(3)

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29

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8(x + y)
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8(10)

80

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15(17 + 3)

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300

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Answers

888 + 88 + 8 + 8 + 8 = 1000

have a nice day!

888 + 88 + 8 + 8 + 8 = 1000

hope this helps....

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Answers

Answer:

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Step-by-step explanation:

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and

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Answers

Answer:

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Step-by-step explanation:

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Answers

Susan's monthly payment will be $117.93.

We have Susan take out a personal loan for $3,500 at an interest rate of 13% compounded monthly.

P=3500

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r =the annual interest rate

t is the number of years.

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A=117.9288

A= 117.93

Susan's monthly payment will be $117.93.

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

y x 5 =8

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Step-by-step explanation:

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The function in vertex form that is equivalent to the equation f(x) = x^2 + 8 - 16x from the given options is given by: Option A: f(x) = (x-8)^2 -56

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If a quadratic equation is written in the form

[tex]y=a(x-h)^2 + k[/tex]

then it is called to be in vertex form. It is called so because when you plot this equation's graph, you will see vertex point(peak point) is on (h,k)

Since it is specified that the options are in vertex form, so let we convert the given equation to vertex form.

The specified equation is: [tex]f(x) = x^2 + 8 - 16x[/tex]

Converting to vertex form:

[tex]f(x) = x^2 + 8 - 16x\\\\f(x) = x^2 -16x + 8\\[/tex]

(let we make terms such that it becomes (a+b)^2 's formula).

[tex]f(x) = x^2 -16x + 8\\f(x) = x^2 -2\times8x + (-8)^2 -(-8)^2 + 8\\f(x) = (x-8)^2 -64 + 8\\f(x) = (x-8)^2 -56[/tex]

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A

Step-by-step explanation:

Can someone help me with this problem?

Answers

Answer:

3 (4+13)

Step-by-step explanation:

The GCF of 12 and 39 in 3 so then you divide 12 and 39 by 3.

In the figure, AD is perpendicular to BD, AC is perpendicular to BC, and AD ≅ BC.

Which of the following congruences is NOT necessarily true?
∠DAB ≅ ∠CBA
AE ≅ BE
AC ≅ BD
AD ≅ AE
∠EAB ≅ ∠EBA

Answers

Answer:

D) AD ≅ AE

Step-by-step explanation:

According to given details the triangles ADB and BCE are congruent as per HL congruence

Lets verify the choices

∠DAB ≅ ∠CBA,

this is true as corresponding angles of congruent triangles

AE ≅ BE,

this is true as AEB is isosceles

AC ≅ BD,

this is true as corresponding sides of congruent triangles

AD ≅ AE,

this is NOT true as AE > AD as hypotenuse of right triangle is greater than legs

∠EAB ≅ ∠EBA,

this is true as AEB is isosceles

Answer:

D) AD ≅ AE

Step-by-step explanation:

Hook me up with a 5 star and a Thanks :)

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Answers

Answer: 6 weeks

Step-by-step explanation: 42 days in weeks would be 6 weeks

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Answers

Answer:

I hope I answered your question!

Step-by-step explanation:

6.80+0.90x=7.30+0.65x (multiply by 100 on both sides)

680+90x=730+65x

50=25x

x=2

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Which situation below has the highest constant of
proportionality?
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B) 32 ounces of white rice costs $6.40
C) 12 ounces of white rice costs $1.20.
D) 9 ounces of brown rice costs $1.80

Answers

Answer:

A) k = 0.3

Step-by-step explanation:

Find the constant of proportionality k in each case and compare

y = kx

A)

16k = 4.80 ⇒ k = 4.80/16 ⇒ k = 0.3

B)

32k = 6.40 ⇒ k = 6.40/32 ⇒ k = 0.2

C)

12k = 1.20 ⇒ k = 1.20/12 ⇒ k = 0.1

D)

9k = 1.80 ⇒ k = 1.80/9 ⇒ k = 0.2

As we see k = 0.3 is the highest one

We need unit rates for all

#A

4.80/160.3

#B

6.4/320.2

#C

1.2/120.1

#D

1.8/90.2

A has highest

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Answers

Answer:

Step-by-step explanation:

(a)

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Data Set 2

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