Neils refrigerator has stopped working and he needs to get a new one. He purchases a new ref for P36,700. He paid a 10% deposit and obtain a loan for the balance. The interest charged on the loan was 7.5% APR compounded annually. He repaid the loan and interest in equal monthly installment for over a period of two years. Calculate the loan he made and the total amount to be repaid.

Answers

Answer 1

a) The loan that Neil made for the purchase of a new refrigerator is P33,030.

b) The total amount to be repaid over a period of two years is P35,672.16.

What is the loan amount?

The loan amount is the difference between the purchase price of a new refrigerator and the deposit (down payment).

The total amount to be repaid over the loan period includes the loan amount and the interest.

These amounts can be computed using an online finance calculator, including the monthly payments.

The cost of a new refrigerator = P36,700

Deposit (down payment) = 10%

The amount of the loan = P33,030 (P36,700 - P3,670)

N (# of periods) = 24 months (2 years x 12)

I/Y (Interest per year) = 7.5%

PV (Present Value) = P33,030

FV (Future Value) = P0

Results:

PMT = P1,486.34

Sum of all periodic payments = P35,672.16 ($1,486.34 x 24)

Total Interest = P2,642.16

Learn more about the loan amount and down payment at https://brainly.com/question/28500091

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Related Questions

If 20 out of 25 students in a P.E. class are boys, what percent of the class is made up of boys?

Answers

80% !
hope this helps

help please i cant fail this class please help​

Answers

Answer:

14. x=1, x=−9

x^2 + 8x + 20 = 29

x^2 + 8x + 4^2 = 9 + 4^2

(x + 4)^2 = 25

x + 4 = ± 5

15. x = -1/2, x = -3/2

4x^2+8x+3=0

x = -8 ± √8^2-4x4x3/2x4

x = -8 ± √64-4x4x3/2x4

x = -8 ± √64-16x3/2x4

x = -8 ± √64-48/2x4

x = -8 ± √16/2x4

x = -8 ± √4/2x4

x = -8 ± √4/8

x = -4/8

x = -1/2

x = -12/8

x = -3/2

16. -36

Use the values of  a,  b, and  c  to find the discriminant.

17. x=2, x=−2

3x^2 + 5 = 17

3x^2 + 5 - 17 = 0

3x^2 - 12 = 0  

x^2 - 4 = 0

(x−2)(x+2)=0

x=2  x=−2

18. x=12 , x=−12

x^2 = 144

x^2 - 144 = 0

(x−12)(x+12)=0

x=12,  x=−12

19. x=2√5+3, x=3−2√5  

x−3=2√5

x−3=−2√5

x−3−(−3)=2√ 5−(−3)

x−3−(−3)=−2√5−(−3)

x=2√ 5−(−3)

x=−2√5−(−3)

x=2√5+3

x=3-2√5

20. t = -√24-h/4+1, t = √24-h/4+1, h≤24

Word bank:

A) zeroes

B) axis of symmetry

C) y-value of the vertex

Step-by-step explanation:

I hope this helps!

About how much cardboard is needed to make the inner tube for a roll of paper if the tube has a radius of 2.25 cm and is 24 cm long?
382 cm
339 cm?
679 cm
371 cm

Answers

Step-by-step explanation:

Cardboard needed to make tube =

Circumference of Circle base (remember the base is hollow therefore there is no area needed.) x Length of Tube

given r = 2.25cm

L = 24cm

Cardboard needed =

[tex]2\pi \: rl = \\ 2\pi(2.25)(24) \\ = 2\pi(54) \\ = 108\pi {cm}^{2} \\ = 339 {cm}^{2} [/tex]

The cardboard is needed to make the inner tube for a roll of paper if the tube has a radius of 2.25 cm and is 24 cm long will be 339 cm². Option B is correct.

What is surface area ?

The total land area of all the faces of a three-dimensional object is its surface area. When we wish to wrap something in real life, we employ the notion of surface areas of distinct things.

The cardboard is needed to make the inner tube for a roll of paper is found as;

Surface area of cardboard;

A=2πRL

A=2×3.14×(2.25)(24)

A=339 cm².

Hence,the cardboard is needed to make the inner tube for a roll of paper will be, 339 cm².

To learn more about the surface area, refer to the link;

brainly.com/question/2835293

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100 POINTS!!!! CAN ANYONE PLEASE HELP ME OUT WITH THIS??!!

Answers

The two boats picked for the trip are the steamboat and the tall ship. Let us assume that we will take the steamboat going to the island, and then we will take the tall ship for the return trip. We will then relate the distances travelled by both ships to each other.

2. We know that the steamboat takes five hours to complete the trip. The tall ship takes more time, at ten hours to complete the trip. We do not have the exact speeds of the steamboat or of the tall ship, but we do know that the tall ship is 10 knots slower than the steamboat. We likewise do not know the exact distance travelled by either ship, but we do know that both travel the same distance. We want to find out how fast each boat travels. We expect the answers to be in knots, with a difference of 10.

3. We know that distance is equivalent to the product of speed of a boat multiplied by the time of travel. For the trip going to the island, we will use the steamboat. Let its speed be x knots (equivalent to x nautical miles per hour), and let the distance going to the island be d nautical miles. Given that the time takes is 5 hours, this means that d = 5x.

4. If we let x be the speed of the boat you are taking to the island (the steamboat), then we know that the speed of the other boat (the tall ship) is 10 knots less than the steamboat's. So the speed of the tall ship (for the return trip) is (x - 10) knots.

5. Similar to part 3: we will multiply speed by time to determine the distance from the island. From part 4, we have determined that the speed of the tall ship to be used in returning is (x - 10) knots. Meanwhile, the given in the problem says that the tall ship will take 10 hours to make the trip. Therefore the distance will be equal to d = 10(x - 10) = 10x - 100 nautical miles.

6. We can assume that the distance travelled going to the island is the same distance travelled coming back. Therefore, we can equate the formula for distance from part 3 for the steamboat, to the distance from part 5 for the tall ship.
5x = 10x - 100

7. Solving for x: 5x = 10x - 100
-5x = -100
x = 20
Since x is the speed of the steamboat, x = 20 means that the steamboat's speed is 20 knots.

8. We determined in part 4 that the speed of the second boat (in our case, the tall ship) is (x - 10) knots. Since we have calculated in part 7 that the steamboat travels at x = 20 knots, then the speed of the tall ship is (x - 10) = 20 - 10 = 10 knots.
THESE ARE JUST ANSWERS I FOUND ONLINE TO SEE IF THEY HELP YOU IF THEY DONT IM SORRY

guys help this makes no sense you will get lots of points for a real answer

Answers

1: d
2: a
3: d
4: b
5: irrational
6:c
7: c
8: a
9: d

I believe that is the right answer

Input
Output
What is the do
mapping?
-3
4
O {x|x= -
O {yly=-
O {x|x=-
O {yly=
2.
ONY
2
6.

Answers

Answer:

and disgusting and annoying things to do it

For the following right triangle, find the side length x, Round your answer to the nearest hundredth.
12
x
16

Answers

Answer:

10.6. (3s.f.)

Step-by-step explanation:

You can search it on googlr

Juan buys peaches and grapefruit at the store. He writes the equations shown to model the relationship between the number of pounds of peaches, p, and the number of pounds of grapefruit, g, that he buys.

p+g=2.5

1.58p+1.09g=3.46

Answers

Answer:

Answer: 2.5

Step-by-step explanation:

Juan buys peaches and grapefruit at the store. He writes the equations shown to model the relationship between the number

pounds of peaches, p, and the number of pounds of grapefruit, g, that he buys.

p + g= 2.51.58p + 1. 09g = 3. 46

What is the total number of pounds of peaches and grapefruit that Juan buys?

a triangle has an angle that measures 50 degrees. the other two angles are in a ratio of 2:11. what are the measures of those two angles?

Answers

Answer:

2+11=13

180-50=130

130÷13=10

2×10=20

11×10=110

2=20°

11=110°

THIS IS SEINCE TOPIC : ANIMALS!!! ( it doesn’t let me change the subject. )

Answers

Answer:

J

Step-by-step explanation:

Answer:

Pretty sure like 99% sure it's G. Hope this helps!

How do I solve this?​

Answers

9514 1404 393

Answer:

  b=-9

  intersection point (3, -3)

Step-by-step explanation:

There are a couple of ways to do this. The method that does not involve calculus is to set the two equations equal and find 'b' such that there is exactly one solution.

  x^2 -4x = y = 2x +b

In standard form, this is ...

  x^2 -6x -b = 0 . . . . . . . we call this the "combined quadratic"

This will have one solution when the discriminant is zero. You may recall that the discriminant of quadratic ax^2 +bx +c is d = (b^2-4ac). We want ...

  d = (-6)^2 -4(1)(-b) = 0

  36 +4b = 0 . . . . . simplify

  b = -36/4 = -9 . . . solve for b

Then the linear equation is ...

  y = 2x -9

__

If the discriminant is zero, the solution to the "combined quadratic" is ...

  x = -b/(2a) . . . . . . . . with a, b, c from the quadratic form (not y-intercept)

  x = -(-6)/(2(1)) = 3

And the point of intersection of the line and the parabola is ...

  y = 2(3) -9 = -3   ⇒   (x, y) = (3, -3)

__

The graph is attached.

What is the length of FG?
(Picture of Question Below!)
I WILL GIVE OUT BRAINLIEST IF CORRECT!

A. 1.2
B. 3
C. 3.6
D. 4 (NOT 4)
E. 6

Answers

Answer:

3.6,I dont know if I'm right but I'm pretty sure

The diameter of the pizza is 16 inches therefore the area of the pizza is what rounded to the nearest whole number

Answers

Answer:

201

Step-by-step explanation:

pi times r^2

r=8

8^2 times pi

=201

Answer:201

Step-by-step explanation:

The RxR R=radius equals 64x3.14 = 200.96 rounded to the nearest whole number is 201

Two numbers are missing from this table. How can the missing numbers be found?

Answers

The answer is b i hope this helps

X^3 - 5x^2 + 2x + 8 = 0; x - 2 factor and find all roots

Answers

Answer:

The zeroes are -1, 2, and 4. Factored: (x+1)(x-4)(x-2)=0

Step-by-step explanation:

(-∞,0]
[0,∞)
[-∞,0)
(-∞,0)
which is the answer?

Answers

I think it is the third one

5/6 plus blank equals to 5/2

Answers

Answer:

[tex]\frac{5}{3}[/tex]

Step-by-step explanation:

let blank be O

[tex]\frac{5}{6} +O=\frac{5}{2} \\[/tex]

[tex]O=\frac{5}{2} -\frac{5}{6} =\frac{15}{6} -\frac{5}{6} =\frac{10}{6} =\frac{5}{3}[/tex]

Can someone help please ASAP

Answers

Answer:

dab= 43 degrees

Step-by-step explanation:

this is because of a property in geometry (I dont remember the name) that says when your lines are parallel to each other with that line through the center like that, the degrees cross

WILL GIVE BRAINLIEST!

Four people are running for sheriff. A survey was randomly conducted in the countyand the results were recorded in the graphIf there are approximately 5,000 registered voters, how many more volers would be expected to vote for Ben than for Scott?

A.) 4
B.) 210
C.)500
D.) 400

Answers

Answer:

I'm not sure how to answer this.

Step-by-step explanation:

Is this the full question? The context seems to be missing something. Who are Ben and Scott and who are the other 2 candidates?

Maybe post another question and rephrase it.

B
Depending on ur question
It isn’t clear tho

20 points! Please help though-

Answers

Answer:

t = 7

Step-by-step explanation:

t( 5 /7 ) = 5

Hope it helped.

Answer:

7

Step-by-step explanation:

Well its worth 5 but its an easy question so its nothing really.

Well isolate the variable by performing inverse operations which in this case is diving 5 by 5/7 which is 7.

t=7

GIVE U BRAINLYIST IF U GET CORRECT ANSWER AND EXTRA POINTS

Answers

Answer:

Point N

Step-by-step explanation:

Point N
Full explanation.

The graph for the function f(x) is shown. Which of the following ordered pairs are a
solution to the function?

A) (-1,0)
B) (0,-5)
C) (-8,1)
D) (5,0)
E) (3,-8)

Answers

Is this Calvert learning

Can you guys help please?

Answers

[tex]\huge{\textbf{\textsf{{\color{pink}{An}}{\red{sw}}{\orange{er}} {\color{yellow}{:}}}}}[/tex]

EG = 6.

thanks hope it helps.


Find the volume of a cone with a base diameter of 8 cm and a height of 6 cm.

Answers

The volume of a cone is equal to 13 times the area of the base πr2 π r 2 times the height h . Substitute the values of the radius r=6 and height h=8 into the formula to find the volume of the cone. Pi π is approximately equal to 3.14

I need help with this. (15 points)

Answers

9514 1404 393

Answer:

  min: $65

  per hour: $7.50

Step-by-step explanation:

The equation tells you Monica expects her pay to be $65 when she works 0 hours. That will be the minimum.

  y = 7.5·0 +65 = 65 . . . for 0 hours

It also tells you the pay is expected to go up by $7.50 if she works 1 hour. That will be her hourly rate.

  y = 7.5·1 +65 = 72.5 . . . for 1 hour; an increase of 7.50 over the minimum.

Minimum pay: $65

plus $7.50 per hour

Drag the tiles to the correct boxes to complete the pairs. Not all tiles will be used.
Match each equation of the piecewise function represented in the graph to its corresponding piece of the domain.

Answers

Answer:

one is 3-x

two is 1

three is x

four is 5-x

hope it helps :)

Answer:

1: 3-x

2: 1

3: x

4: 5-x

Step-by-step explanation:

Hope this helped

Help me please and thank

Answers

the answer would be 13.89

Answer:

Step-by-step explanation:

well just go throught the factors as far as you can ik from my personal mindset that 14*14= 196 so if i go bk and  calculate 13*13=169 which means its gonna be in between 13 and 14. so to figure this out we have to write it out. so we can try 13.5*13.5=182.25 so we have to go higher  13.89*13.89=192.9321 which means it has to be 13.89 rounded to the nearest hundreth.

There are 6 softball teams. There are a total of 48 children on all the teams. There are an equal number of children on each team.
Choose the number sentence which represents the number of children on each team.

Answers

Answer:

I divide 48/6=8 that is the only one that make sense for me becuase 6x8=48

Step-by-step explanation:

I NEED AN ANSWER PLS-

Answers

Answer:

-8,4

Step-by-step explanation:

A pitcher of mocktail contains 8 cups of pineapple juice and 2 cups of orange juice. How many cups of orange juice will be required to make a mocktail with 12 cups of pineapple juice?​

Answers

Step-by-step explanation:

pineapple juice =8cups

orange juice =2cupspineapple juice =12

2x12=24

8×12=96

:. 96+24=120

moctail=120

.

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