1-7 Mathematics? Score: 0 of 1 pt 4.D.15 Consider a student loan of $22,500 at a fixed...

1-7 Mathematics?

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Score: 0 of 1 pt 4.D.15 Consider a student loan of $22,500 at a fixed APR of 12% for 30 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. a. The monthly payment is $. (Do not round until the final answer. Then round to the nearest cent as needed.) 1 of 20 (0 complete) Which loan best meets the person's needs? (Round to the nearest cent as needed.) OA. The second loan best meets the person's needs because the monthly payment of $ OB. The first loan best meets the person's needs because the monthly payment of $ OC. The third loan best meets the person's needs because the monthly payment of $ OD. None of the loans meet the person's needs. Score: 0 of 1 pt 4.D.27 Someone needs to borrow $11,000 to buy a car and the person has determined that monthly payments of $200 are affordable. The bank offers a 4-year loan at 6% APR, a 5-year loan at 6.5%, or a 6-year loan at 7% APR. Which loan best meets the person's needs? Explain. 2 of 20 (0 complete) The monthly payment for option 1 is $ The monthly payment for option 2 is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Was the growth in inflation linear or exponential? O linear O exponential Score: 0 of 1 pt 4.D.45 Suppose you have a student loan of $30,000 with an APR of 12% for 30 years. Complete parts (a) through (c) below. a. What are your required monthly payments? Score: 0 of 1 pt 4.D.39 Question Help Compare the monthly payments and total loan costs for the following pairs of loan options. Assume that both loans are fixed rate and have the same closing costs. You need a $40,000 loan. Option 1: a 30-year loan at an APR of 5.65%. Option 2: a 15-year loan at an APR of 5.25%. Find the monthly payment for each option. 3 of 20 (0 complete) ▼ The required monthly payment is $. (Do not round until the final answer. Then round to the nearest cent as needed.) Is the decline in price linear or exponential? exponential linear 4 of 20 (0 complete) 2 is less than the maximum budgeted amount of $200 per month. is less than the maximum budgeted amount of $200 per month. is less than the maximum budgeted amount of $200 per month. ◄ HW Score: 0%, 0 of 20 pt: 5 of 20 (0 complete) Question Help ▼ 1 HW Score: 0%, 0 of 20 pts ☀ 6 of 20 (0 complete) Question Help ▼ O A. This makes sense because Tdouble 10.2 when substituting 0.07 for r into the exact doubling time formula. OB. This does not make sense because Tdouble >10 when substituting 0.07 for r into the exact doubling time formula. OC. This does not make sense because Tdouble < 10 when substituting 7 for r into the exact doubling time formula. O D. This makes sense because Tdouble 10.2 when substituting 7 for r into the exact doubling time formula. Score: 0 of 1 pt 8.A.11 During the worst periods of hyperinflation in a certain country, the price of food increased at a rate of 25% per month. State whether this increase was linear or exponential. If your food bill was $160 in one month during this period, what was it three months later? HW Score: 0%, 0 of 20 pts HW Score: 0%, 0 of 20 pts Score: 0 of 1 pt 8.A.13 The price of a computer component is decreasing at a rate of 9% per year. State whether this decrease is linear or exponential. If the component what will it cost in three years? 3 Question Help HW Score: 0%, 0 of 20 pts Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. Our town is growing at a rate of 7% per year, so it will double in population every 10 years. Choose the correct answer below. Question Help ▼ HW Score: 0%, 0 of 20 pts Question Help ✪ 64 $40 today, 7 Score: 0 of 1 pt 4.D.15 Consider a student loan of $22,500 at a fixed APR of 12% for 30 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. a. The monthly payment is $. (Do not round until the final answer. Then round to the nearest cent as needed.) 1 of 20 (0 complete) Which loan best meets the person's needs? (Round to the nearest cent as needed.) OA. The second loan best meets the person's needs because the monthly payment of $ OB. The first loan best meets the person's needs because the monthly payment of $ OC. The third loan best meets the person's needs because the monthly payment of $ OD. None of the loans meet the person's needs. Score: 0 of 1 pt 4.D.27 Someone needs to borrow $11,000 to buy a car and the person has determined that monthly payments of $200 are affordable. The bank offers a 4-year loan at 6% APR, a 5-year loan at 6.5%, or a 6-year loan at 7% APR. Which loan best meets the person's needs? Explain. 2 of 20 (0 complete) The monthly payment for option 1 is $ The monthly payment for option 2 is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Was the growth in inflation linear or exponential? O linear O exponential Score: 0 of 1 pt 4.D.45 Suppose you have a student loan of $30,000 with an APR of 12% for 30 years. Complete parts (a) through (c) below. a. What are your required monthly payments? Score: 0 of 1 pt 4.D.39 Question Help Compare the monthly payments and total loan costs for the following pairs of loan options. Assume that both loans are fixed rate and have the same closing costs. You need a $40,000 loan. Option 1: a 30-year loan at an APR of 5.65%. Option 2: a 15-year loan at an APR of 5.25%. Find the monthly payment for each option. 3 of 20 (0 complete) ▼ The required monthly payment is $. (Do not round until the final answer. Then round to the nearest cent as needed.) Is the decline in price linear or exponential? exponential linear 4 of 20 (0 complete) 2 is less than the maximum budgeted amount of $200 per month. is less than the maximum budgeted amount of $200 per month. is less than the maximum budgeted amount of $200 per month. ◄ HW Score: 0%, 0 of 20 pt: 5 of 20 (0 complete) Question Help ▼ 1 HW Score: 0%, 0 of 20 pts ☀ 6 of 20 (0 complete) Question Help ▼ O A. This makes sense because Tdouble 10.2 when substituting 0.07 for r into the exact doubling time formula. OB. This does not make sense because Tdouble >10 when substituting 0.07 for r into the exact doubling time formula. OC. This does not make sense because Tdouble < 10 when substituting 7 for r into the exact doubling time formula. O D. This makes sense because Tdouble 10.2 when substituting 7 for r into the exact doubling time formula. Score: 0 of 1 pt 8.A.11 During the worst periods of hyperinflation in a certain country, the price of food increased at a rate of 25% per month. State whether this increase was linear or exponential. If your food bill was $160 in one month during this period, what was it three months later? HW Score: 0%, 0 of 20 pts HW Score: 0%, 0 of 20 pts Score: 0 of 1 pt 8.A.13 The price of a computer component is decreasing at a rate of 9% per year. State whether this decrease is linear or exponential. If the component what will it cost in three years? 3 Question Help HW Score: 0%, 0 of 20 pts Decide whether the following statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain your reasoning. Our town is growing at a rate of 7% per year, so it will double in population every 10 years. Choose the correct answer below. Question Help ▼ HW Score: 0%, 0 of 20 pts Question Help ✪ 64 $40 today, 7

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