MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Find the mortgage payment for a 15 year loan of 224,900$ at an annual interest rate of 8.05%. Round answer to two decimal places.
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- Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7% toward the purchase of a car. Find the monthly payments and the total interest for the loan. A.$281; $13,488 B.$239; $1472 C.$624; $19,952 D.$239; $11,472arrow_forwardLocal officials are analyzing the data for the tiger gar and bluegill populations in 2021. According to the data, how much longer will it take for the tiger gar population to exceed the bluegill population in Lake Richmond? Tiger Gar: 2020 2021 2017 2018 2019 2016 585 710 846 340 410 487 Bluegill: 2018 2019 2020 2021 2016 2017 2,092 1,783 1,513 1,287 1,094 2,465 O2 more years O nearly 3 more years O less than a year O 5 more yearsarrow_forwardFind the mortgage payment for a 15-year loan of $224,700 at an annual interest rate of 8.15%. (Round your answer to two decimal places.)arrow_forward
- Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) if the amount financed is 18,200 number of payments are 72 and monthly payment is 424.08 Sloving for finance charge and aprarrow_forwardAfter making the thirtieth payment of $582.48 on your car loan, you wanted to find out how much is left of your original 5 years loan at 7.6% compounded monthly of $29,000.00. What is the amount of the remaining balance of your car loan?The remaining balance of your car loan would be $. (Round to 2 decimal places.)arrow_forward
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