It took her 9 more months but Marina has managed to save the full $725 plus more to cover fees to pay off the pay-day loan company. However, she forgot to account for the interest that had been compounding over time. Consider it is now 275 days later, the remaining loan was $725 and the APR is 47% compounded daily.

What is the total amount that Marina must now pay in order to pay off her the loan, accounting for interest?

What is the total amount of interest paid (not including fees)?

Answers

Answer 1

Answer:

she loaned 750 dollars.

it took her 9 months to repay it.

it was 275 days since she took out the loan.

the interest rate was 47% per year compounded daily.

the daily interest rate would be 47% / 365 / 100 = .0012876712 per day.

this assumes 365 days in a year, which is the standard assumption that i know of.

the future value of 750 for 275 days would be based on the formula of f = p * (1 + r) ^ n

f is the future value

p is the present value

r is the interest rate per time period (days in this case)

 

n is the number of time periods (days in this case).

the formula becomes:

f = 750 * (1 + .0012876712) ^ 275

solve for f to get:

f = 1068.440089.

that's the future value of the loan.

it's what she owes.

the interest rate on the loan is that value minus 750 = 318.440089.

that's how much extra she needs to pay in addition to whatever fees she was charged.


Related Questions

The ABC box company makes square puzzle cubes that measure 4 inches along each edge. They shipped the cubes in a box 8 in x 12 in x 16 in. How many cubes can they ship in the box?

Answers

Answer: They can ship 32 puzzle cubes in the box.

Explanation: So the volume of each puzzle cubes = side³

=(4)³ cubic inches.

Then the volume of the box is= (8×12×16) cubic inches.

(8×12×16)/4^3= 32

whats this oh _____
what is it
A) jane
B) juan.
C)juan
D) horse

Answers

Answer:

juan duhhhhh hehehe

Explanation:

What’s the difference packet switching and message switching??

Answers

Im not sure but the person above is right x :)))


Explanation dudjdb

Create a flowchart that assigns a counselor to a student.
You need to ask a student for the first letter of his/her last name. Assign a counselor based on the following criteria:
A through M are assigned to Ms. Jones
N through Z are assigned to Mr. Sanchez

Answers

Please Help! Unit 6: Lesson 1 - Coding Activity 2
Instructions: Hemachandra numbers (more commonly known as Fibonacci numbers) are found by starting with two numbers then finding the next number by adding the previous two numbers together. The most common starting numbers are 0 and 1 giving the numbers 0, 1, 1, 2, 3, 5...
The main method from this class contains code which is intended to fill an array of length 10 with these Hemachandra numbers, then print the value of the number in the array at the index entered by the user. For example if the user inputs 3 then the program should output 2, while if the user inputs 6 then the program should output 8. Debug this code so it works as intended.

The Code Given:

import java.util.Scanner;

public class U6_L1_Activity_Two{
public static void main(String[] args){
int[h] = new int[10];
0 = h[0];
1 = h[1];
h[2] = h[0] + h[1];
h[3] = h[1] + h[2];
h[4] = h[2] + h[3];
h[5] = h[3] + h[4];
h[6] = h[4] + h[5];
h[7] = h[5] + h[6];
h[8] = h[6] + h[7]
h[9] = h[7] + h[8];
h[10] = h[8] + h[9];
Scanner scan = new Scanner(System.in);
int i = scan.nextInt();
if (i >= 0 && i < 10)
System.out.println(h(i));
}
}

Wilma is looking for facts about social media for her research project. What fact should she use for her project?

1: Communicating with social media is hard
2: Social media is a great way to communicate.
3: Social media is fun and easy to use.
4:The minimum age for some social media sites is 13.

Answers

the fact she should use for her project is number 4 because that’s the only fact, the rest are opinions!

Write a class called Dragon. A Dragon should have a name, a level, and a boolean variable, canBreatheFire, indicating whether or not the dragon can breathe fire. The class should have getter methods for all of these variables - getName, getLevel, and isFireBreather, respectively.

Answers

Answer: A dragon name could be name Holls and at level 14 and can breathe fire

Explanation:

g Write a program that reads a list of words, and a character. The output of the program is every word in the list of words that contains the character at least once. For coding simplicity, follow each output word by a comma, even the last one. Assume at least one word in the list will contain the given character. The number of input words is always less than and equal to 10. If the user enters more than 10 words before the character, the program will output Too many words and exit.

Answers

Answer:

Here you go, alter this as you see fit :)

Explanation:

array = []

cnt = 0

while cnt < 11:

   x = input("Enter a word: ")

   array.append(x)

   cnt += 1

   y = input("Add another word?(Y/n):  ")

   if y.lower() == "n":

       break

letter = input("\nChoose a letter: ")

if len(letter) != 1:

   print("Error: too many characters")

   quit()

for n in range(len(array)):

   if letter.lower() in array[n].lower():

       print(array[n], end= ",")

Write a program with the total change amount as an integer input, and output the change using the fewest coins, one coin type per line. The coin types are Dollars, Quarters, Dimes, Nickels, and Pennies. Use singular and plural coin names as appropriate, like 1 Penny vs. 2 Pennies. The input should be an integer, with the unit as "cents". For example, the input of 126 refers to 126 cents. 1 Dollar = 100 cents 1 Quarter = 25 cents 1 Dime = 10 cents 1 Nickel = 5 cents 1 Penny = 1 cent Ex: If the input is:

Answers

Answer:

In Python:

cents = int(input("Cents: "))

dollars = int(cents/100)

quarters = int((cents - 100*dollars)/25)

dimes = int((cents - 100*dollars- 25*quarters)/10)

nickels = int((cents - 100*dollars- 25*quarters-10*dimes)/5)

pennies = cents - 100*dollars- 25*quarters-10*dimes-5*nickels

if not(dollars == 0):

   if dollars > 1:

       print(str(dollars)+" dollars")

   else:

       print(str(dollars)+" dollar")

if not(quarters == 0):

   if quarters > 1:

       print(str(quarters)+" quarters")

   else:

       print(str(quarters)+" quarter")

if not(dimes == 0):

   if dimes > 1:

       print(str(dimes)+" dimes")

   else:

       print(str(dimes)+" dime")

if not(nickels == 0):

   if nickels > 1:

       print(str(nickels)+" nickels")

   else:

       print(str(nickels)+" nickel")

if not(pennies == 0):

   if pennies > 1:

       print(str(pennies)+" pennies")

   else:

       print(str(pennies)+" penny")

   

Explanation:

A prompt to input amount in cents

cents = int(input("Cents: "))

Convert cents to dollars

dollars = int(cents/100)

Convert the remaining cents to quarters

quarters = int((cents - 100*dollars)/25)

Convert the remaining cents to dimes

dimes = int((cents - 100*dollars- 25*quarters)/10)

Convert the remaining cents to nickels

nickels = int((cents - 100*dollars- 25*quarters-10*dimes)/5)

Convert the remaining cents to pennies

pennies = cents - 100*dollars- 25*quarters-10*dimes-5*nickels

This checks if dollars is not 0

if not(dollars == 0):

If greater than 1, it prints dollars (plural)

   if dollars > 1:

       print(str(dollars)+" dollars")

Otherwise, prints dollar (singular)

   else:

       print(str(dollars)+" dollar")

This checks if quarters is not 0

if not(quarters == 0):

If greater than 1, it prints quarters (plural)

   if quarters > 1:

       print(str(quarters)+" quarters")

Otherwise, prints quarter (singular)

   else:

       print(str(quarters)+" quarter")

This checks if dimes is not 0

if not(dimes == 0):

If greater than 1, it prints dimes (plural)

   if dimes > 1:

       print(str(dimes)+" dimes")

Otherwise, prints dime (singular)

   else:

       print(str(dimes)+" dime")

This checks if nickels is not 0

if not(nickels == 0):

If greater than 1, it prints nickels (plural)

   if nickels > 1:

       print(str(nickels)+" nickels")

Otherwise, prints nickel (singular)

   else:

       print(str(nickels)+" nickel")

This checks if pennies is not 0

if not(pennies == 0):

If greater than 1, it prints pennies (plural)

   if pennies > 1:

       print(str(pennies)+" pennies")

Otherwise, prints penny (singular)

   else:

       print(str(pennies)+" penny")

   

Write VHDL code for the circuit corresponding to an 8-bit Carry Lookahead Adder (CLA) using structural VHDL (port maps). (To be completed before your lab session.)

Answers

Answer:

perdo si la pusiera es español te ayudo pero no esta en español

why was the 80s bad for Disney i know one example but ill tell you after you answer

Answers

Answer:

The dark stories behind it? i dont  know lol

A car dealership needs a program to store information about the cars for sale. For each car, they want to keep track of the following information number of doors (2 or 4), whether the car has air conditioning, and its average number of miles per gallon. Which of the following is the best design?
a. Use classes: Doors, Airconditioning, and MilesPerGallon, each with a subclass Car.
b. Use a class Car, with subclasses of Doors, Airconditioning, and MilesPerGallon.
c. Use a class Car with three subclasses: Doors, Airconditioning, and MilesPerGallon.
d. Use a class Car, with fields: numDoors, hasAir, and milesPerGallon.
e. Use four unrelated classes: Car, Doors, Airconditioning, and MilesPerGallon.

Answers

Answer:

The answer is "Choice d".

Explanation:

In this topic, the option d, which is "Use a class Car, with fields: numDoors, hasAir, and milesPerGallon" is right because the flag, if air-conditioned, of its numbers of doors, was its average kilometers per gallon, qualities of either an automobile, in which each one is a basic value so that they're being fields of a class of cars.

The best design for the given program will be;

D: Use a class Car, with fields: numDoors, hasAir, and milesPerGallon.

What is the best design for the program?

In this question, the best design for the program to keep track of the number of doors (2 or 4), whether the car has air conditioning, and its average number of miles per gallon is to "Use a class Car, with fields: numDoors, hasAir, and milesPerGallon"

That option is right because has classified the cars with the accurate parameters to be searched which are its numbers of doors, average miles per gallon, air condition.

Read more about programming at; https://brainly.com/question/22654163

Package Newton’s method for approximating square roots (Case Study: Approximating Square Roots) in a function named newton. This function expects the input number as an argument and returns the estimate of its square root. The program should also include a main function that allows the user to compute the square roots of inputs from the user and python's estimate of its square roots until the enter/return key is pressed.An example of the program input and output is shown below:Enter a positive number or enter/return to quit: 2 The program's estimate is 1.4142135623746899 Python's estimate is 1.4142135623730951 Enter a positive number or enter/return to quit: 4 The program's estimate is 2.0000000929222947 Python's estimate is 2.0 Enter a positive number or enter/return to quit: 9 The program's estimate is 3.000000001396984 Python's estimate is 3.0 Enter a positive number or enter/return to quit

Answers

I’m confused what are you asking

The python program that calculates the volume and the square of the volume is as follows

radius = float(input("Radius: "))

volume = (4.0/3.0) * (22.0/7.0) * radius**3

sqrtVolume = volume**0.5

print(f'The volume is {volume} units cubed')

print(f'The square root of that number is {sqrtVolume}')

How to write the program?

The complete program written in Python where comments are used to explain each line is as follows

This gets the radius

radius = float(input("Radius: "))

#This calculates the volume

volume = (4.0/3.0) * (22.0/7.0) * radius**3

#This calculates the square root of the volume

sqrtVolume = volume**0.5

#This prints the volume

print(f'The volume is {volume} units cubed')

#This prints the square root of the volume

print(f'The square root of that number is {sqrtVolume}')

Therefore, The python program that calculates the volume and the square of the volume is as follows

radius = float(input("Radius: "))

volume = (4.0/3.0) * (22.0/7.0) * radius**3

sqrtVolume = volume**0.5

Read more about python programs at

brainly.com/question/26497128

#SPJ2

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