4. Rachel has a $15,000, three-year loan with an APR of 7.25%. A. What is the monthly payment?

$507.70

Step-by-step explanation:

1): Find how much money is added on to the loan at the end of the year

   To find that we find 7.25% of $15,000.00 this is $1087.50

2): Now that we know how much is added on to the loan each year, we times that amount by 3, since it is a three-year-loan.

   $3,277.50 + $15,000.00 = $18,277.50

3). Now we have the total amount of money that Rachel owes in the total 3 years, but the problem is asking us to find the monthly payment, so we have to divide this by 36 since there is 12 months in a year and this is a 3 year loan (3 x 12).  Once you have divided this you get $507.70.  Which is how much Rachel owes a month

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there are 70 more legs than eyes at the dog show (196 – 126 = 70). dogs have two more legs than eyes, and humans have the same number of legs as eyes. thus 70 is twice the number of dogs at the show, so the number of dogs is half of 70, which is 35. to get the number of humans, subtract 35 from 63: 63 – 35 = 28.

step-by-step explanation: