Mathematics, 08.08.2019 02:20, jasontbyrer
This problem is a complex financial problem that requires several skills, perhaps some from previous sections.
during four years of college, nolan macgregor's student loans are $4000, $3500, $4400, and $5000 for freshman year through senior year, respectively. each loan amount gathers interest of 1.6%, compounded quarterly, while nolan is in school and 3.2%, compounded quarterly, during a 6-month grace period after graduation.
(a) what is the loan balance after the grace period? assume the freshman year loan earns 1.6% interest for 3/4 year during the first year, then for 3 full years until graduation. make similar assumptions for the loans for the other years. (round your answer to the nearest cent.)
(b) after the grace period, the loan is amortized over the next 10 years at 3.2%, compounded quarterly. find the quarterly payment. (round your answer to the nearest cent.)
(c) if nolan decides to pay an additional $40 per payment, how many payments will amortize the debt? (round your answer up to the next whole number.)
(d) how much will nolan save by paying the extra $40 with the number of payments from part (c)? (round your answer to the nearest cent.)
Answers: 1
Mathematics, 22.06.2019 00:00, madisonwr
Afarmer has decided to divide his land area in half in order to plant soy and corn. calculate the area of the entire area so he knows how much soil is needed. each bag of soil covers 20 square yards. how many bags should the farmer purchase? (4 points) 1 bag 2 bags 3 bags 4 bags
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Mathematics, 22.06.2019 00:00, thisbegaby
Meg constructed triangle poq and then used a compass and straightedge to accurately construct line segment os, as shown in the figure below, which could be the measures of angles pos and angle poq?
Answers: 1
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