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Joe secured a loan of $15,000 five years ago from a bank for use toward his college expenses. The bank charges interest at the rate of 3%/year compounded monthly on his loan. Now that he has graduated from college, Joe wishes to repay the loan by amortizing it through monthly payments over 15 years at the same interest rate. Find the size of the monthly payments he will be required to make.
What is the percentage return?
What semiannually compounded rate is equivalent to 9.1% compounded quarterly? (Do not round the intermediate calculations. Round your answer to two decimal places.)
Suppose that a furniture manufacturer makes chairs, sofas, and tables. Consider the following chart of labor hours required and available.
For the post office, a second drive through window is being considered. A single line would be formed and as a car reached the front of the line it would go to the next available clerk. What is the average time a car is in the system
Rita has a collection of 108 coins consisting of nickels, dimes, and quarters. The number of dimes is 4 more than one-third the number of nickels, and the number of quarters is twice the number of dimes. How many coins of each kind does she have?
What monthly payment is required to amortize a loan of $30000 over 10 year if interest at the rate of 12% year is charged on the unpaid balance and interest calculations are made at the end of each month?
Ryan works at an appliance store on commission. He receives a weekly salary of $450 plus 5% of any merchandise he sells. a. Write a function that gives his gross wages, W, in terms of his total sales in dollars, x.
Prove the given equations : sin6Θ+cos6Θ=1-3sin2Θcos2Θ
Sufficient evidence to suggest that the democratic candidate.
explaining how to derive the formula for the distance between two points .write an essay of 1000 words explaining how
use the vertex (55,30) and the additional point (35,20) from the scatter diagram to find the equation of the parabola in standard form implied by the scatter diagram.
How many committees are there? How many committees of 5 can be formed from 8, given that two particular individuals are to be included on the committee?
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