Steve purchases a new car with a down payment and a loan at a 4.9% interest rate. His loan contract is for 60 months and has no prepayment penalties. Steve makes all his payments on time. What should he do if he wants to pay his loan off before 60 months has passed?


make more than the minimum payments



use the down payment to pay down the loan



increase his auto insurance premiums to decrease the amount owed



pay the principal and interest due each month

Answers

Answer 1
pay more than the minimum payments
Answer 2

Answer:

Pay more than the required premiums

Step-by-step explanation:

The loan contract is of for 60 months. If Steve wants to repay the loan before 60 months , he need to pay more than the promised premiums.

In this way , the Steve will have more payment and as there is no prepayment charges, he will not be paying any penalties also. So the extra payment will help him to reduce the borrowed principle and thus thereby reducing the interest charged.

Hence out answer is option one , which says make more than the minimum payments


Related Questions

Indicate the equation of the given line in standard form. The line that is the perpendicular bisector of the segment whose endpoints are R(-1,6) and S(5,5)

Answers

well the line that bisects RS, will cut RS in two equal halves, therefore, that line will cut RS perpendicularly at the midpoint of RS.

now, what the dickens is the midpoint of RS anyway?

[tex]\bf \textit{middle point of 2 points }\\ \quad \\ \begin{array}{lllll} &x_1&y_1&x_2&y_2\\ % (a,b) R&({{ -1}}\quad ,&{{ 6}})\quad % (c,d) S&({{ 5}}\quad ,&{{ 5}}) \end{array}\qquad % coordinates of midpoint \left(\cfrac{{{ x_2}} + {{ x_1}}}{2}\quad ,\quad \cfrac{{{ y_2}} + {{ y_1}}}{2} \right) \\\\\\ \left( \cfrac{5-1}{2}~~,~~\cfrac{5+6}{2} \right)\implies \stackrel{midpoint}{\left(2~~,~~\frac{11}{2} \right)}[/tex]

so, we know that perpendicular line, will have to go through (2, 11/2)

now, a perpendicular line to RS, will have a negative reciprocal slope to it.  Well, what is the slope of RS anyway?

[tex]\bf \begin{array}{lllll} &x_1&y_1&x_2&y_2\\ % (a,b) &({{ -1}}\quad ,&{{ 6}})\quad % (c,d) &({{ 5}}\quad ,&{{ 5}}) \end{array} \\\\\\ % slope = m slope = {{ m}}= \cfrac{rise}{run} \implies \cfrac{{{ y_2}}-{{ y_1}}}{{{ x_2}}-{{ x_1}}}\implies \cfrac{5-6}{5-(-1)}\implies \cfrac{5-6}{5+1}\implies -\cfrac{1}{6}[/tex]

and let's check the reciprocal negative of that,

[tex]\bf \textit{perpendicular, negative-reciprocal slope for slope}\quad -\cfrac{1}{6}\\\\ slope=-\cfrac{1}{{{ 6}}}\qquad negative\implies +\cfrac{1}{{{ 6}}}\qquad reciprocal\implies + \cfrac{{{ 6}}}{1}\implies 6[/tex]

so, then, what's is the equation of a line whose slope is 6, and goes through 2, 11/2?

[tex]\bf \begin{array}{lllll} &x_1&y_1\\ % (a,b) &({{ 2}}\quad ,&{{ \frac{11}{2}}}) \end{array} \\\\\\ % slope = m slope = {{ m}}= \cfrac{rise}{run} \implies 6 \\\\\\ % point-slope intercept \stackrel{\textit{point-slope form}}{y-{{ y_1}}={{ m}}(x-{{ x_1}})}\implies y-\cfrac{11}{2}=6(x-2) \\\\\\ y-\cfrac{11}{2}=6x-12\implies -6x+y=-12+\cfrac{11}{2}\implies \stackrel{\textit{standard form}}{-6x+y=-\cfrac{13}{2}}[/tex]
Final answer:

The equation of the perpendicular bisector of the segment with endpoints R(-1,6) and S(5,5) is found by calculating the midpoint, slope, and using the negative reciprocal for the perpendicular slope. It is then written in point-slope form and converted to standard form, resulting in 12x - 2y = 13.

Explanation:

To find the equation of a line that is the perpendicular bisector of a segment with endpoints R(-1,6) and S(5,5), we need to take the following steps:

Determine the midpoint of the segment RS which will be a point on our bisector.Calculate the slope of the line segment RS.Find the negative reciprocal of the slope from step 2, which will give us the slope of our perpendicular bisector.Write the equation of the bisector line using the point-slope form and then convert it into standard form.

The midpoint of RS is given by ((-1+5)/2, (6+5)/2) = (2, 5.5). The slope of RS is (5-6)/(5-(-1)) = -1/6. The negative reciprocal of -1/6 is 6. Thus, the slope of our bisector is 6.

Using the point-slope form with the midpoint, y - 5.5 = 6(x - 2). Expanding and rearranging to standard form, we get:

6x - y = 12 - 5.5 -> 6x - y = 6.5.

Multiplying through by 2 (to clear the decimal), we obtain:

12x - 2y = 13, which is the standard form equation of the perpendicular bisector of segment RS.

a candle maker has 4 1/2 pounds of wax. He wants to cut the wax into pieces that are 2/3 pound each. How many 2/3 pound pieces can he divide the wax into?

Answers

10 1/8 is your answer

Answer:

[tex]6\frac{3}{4}[/tex] pieces.

Step-by-step explanation:

Let x represent number of pieces.

The amount of wax used in making x pieces would be [tex]\frac{2}{3}x[/tex].

We have been given that a candle maker has 4 1/2 pounds of wax. We can represent this information in an equation as:

[tex]\frac{2}{3}x=4\frac{1}{2}[/tex]

[tex]\frac{2}{3}x=\frac{9}{2}[/tex]

[tex]\frac{3}{2}*\frac{2}{3}x=\frac{3}{2}*\frac{9}{2}[/tex]

[tex]x=\frac{27}{4}[/tex]

[tex]x=6\frac{3}{4}[/tex]

Therefore, the candle maker can make [tex]6\frac{3}{4}[/tex] pieces.

NEED HELP 25 POINTS PLEASE HELP.The students at Harrison Middle School are being split into groups for a community service project. The school faculty has decided that each grade (6th, 7th, and 8th) will be split up into their own set of groups. The faculty has also decided that it is important for each grade to be split evenly into groups, with no leftover students, so that each group in a grade has exactly the same number of boys and girls. For each of the following grades, determine the largest number of groups that can be made and the number of boys and girls that will be in each group. The 6th grade has 64 girls and 72 boys. The 7th grade has 81 girls and 63 boys. The 8th grade has 68 girls and 60 boys. Please list down how many groups each grade has for both boys and girls.

Answers

Each group will have the same number of boys and girls in a group. Find common factors for the number of boys and girls.

6th grade :
64 girls = 8 * 8
72 boys = 8 * 9
There will be 8 groups consisting of 8 girls and 9 boys

7th grade :
81 girls = 9 * 9
63 boys = 9 * 7
There will be 9 groups consisting of 9 girls and 7 boys

8th grade :
68 girls = 4 * 17
60 boys = 4 * 12
There will be 4 groups consisting of 17 girls and 12 boys

Solve for y 1.2x - 4y = 28

Answers

your question is incomplete i guess

When a decimal is written in word form, what indicates that the equivalent form is a mixed number and not a fraction

Answers

If there is a number before the decimal point. So one point five six (1.56) would be have a mixed number of one before the normal fractions ; 1 56/100

The perimeter of a college athletic field is 92 meters and the length is 18m more than the width. Find the length and width.

Answers

length = 32
width = 14
i did a lot of trial and error
length is 29m, the width is 17m

Pamela wants to buy a suitcase whose dimensions are 1 1/2 times those of her 28 times 16 times 8 inch suitcase. How is the ratio of the volumes related to the ratio of corresponding dimensions? What is the ratio of the volumes?

Answers


ok


volume=length times width times height
her current suitcase volume is 28*16*8=3584 cubic inches

her new one will have each dimention mulipled by 1 and 1/2 or 1.5

so
newV=(1.5*28)*(1.5*16)*(1.5*8)
newV=12096 cubic inches


ratio is 12096/3584=3.375=1.5*1.5*1.5


the ratio is new:old=3.375:1

Thus the required ratio is 3.375

Pamela wants to buy a suitcase whose dimensions are 1 1/2 times of her 28 times 16 times 8 inch suitcase.
What is the ratio of the volumes?

What is the Ratio?

The ratio can be defined as the comparison of the fraction of one quantity towards others. e.g.- water in milk.

volume of former suitcase = 28 x 16 x 8

=3584 cubic inches


volume of latter suitcase
=1.5x28 x1.5x16 x1.5x8
=12096
ratio of volumes
= 12096/3584
=3.375

Thus the required ratio is 3.375 of volumes of suitcase.

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Which functions represent the arithmetic sequence 8, 1.5, –5, –11.5... ?

Answers

The following function apply to your specific question: [tex]f(n) = -6.5n + 14.5[/tex].

Answer:

-6.5n+14.5 and 8,f(n+1)=f(n)-6.5

Step-by-step explanation:

The temperature of dry ice is -109.3°F, which is 183.6°F less than the outside temperature. What is the outside temperature?

Answers

Final answer:

To find the outside temperature, add the difference of 183.6°F to the dry ice temperature of -109.3°F, yielding an outside temperature of 74.3°F.

Explanation:

The student is asking to find the outside temperature given that dry ice temperature is -109.3°F and that the outside temperature is 183.6°F higher than the dry ice. We can solve this by adding the temperature difference to the dry ice temperature.

Let's denote the outside temperature as T.

T = (-109.3°F) + 183.6°F

Now, let's perform the addition:

T = 74.3°F

Therefore, the outside temperature is 74.3°F.

Final answer:

The outside temperature can be calculated by subtracting 183.6°F from the temperature of dry ice (-109.3°F).

Explanation:

The outside temperature can be calculated by adding the temperature difference to the temperature of dry ice. The temperature difference is given as 183.6°F less than the outside temperature, which means we need to subtract 183.6°F from the temperature of dry ice (-109.3°F). So, the outside temperature would be -109.3°F + (-183.6°F) = -293.9°F.

what times what equals 46

Answers

23 x 2 = 46


hope this helps

What times what equals 46 is 2 times 23, or 2 x 23 = 46.

We have,

To find what times equal 46, we can look for pairs of numbers that, when multiplied together, result in 46.

We can start by listing the factors of 46:

1 x 46 = 46

2 x 23 = 46

From these factor pairs, we can see that 2 and 23 are the numbers that multiply to 46.

Therefore,

What times what equals 46 is 2 times 23, or 2 x 23 = 46.

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Round 527 to the nearest hundred

Answers

500 because the 2 in the tens spot is less than five so therefore you keep the 5 in the hundreds spot the same

Describe sets of two or more matching integer cards that satisfy the criteria in each part below:
a. Cards increase the score by eight points.
b. Cards decrease the score by 9 points.
c. Removing cards that increase the score by 10 points.
d. Positive cards that decrease the score by 18 points.

Answers

What cards do you have to show us

Answer:

a. Removing two (-4)'s

b. Picking up three (-3)'s or removing three 3's

c. Removing two (-3)'s and one (-4)'s

d. Removing three 5's and one 3's

Step-by-step explanation:

Cards available: 5, -3, -4, & 3

a. Score can be increased picking up positive cards or removing negative cards.  

b. Score can be decreased picking up negative cards or removing positive cards.  

c. As stated before, in order to increase the score removing cards, positive cards have to be removed.

d. As stated before, in order to decrease the score with positive cards, those cards have to be removed.

Standard form of 210 million, 64 thousands, and fifty

Answers

Your answer would be 210,640,050.

The standard form of 210 million, 64 thousands, and fifty is 210,064,050. This is found by adding the values of each place: 210,000,000 for million, 64,000 for thousand, and 50 for the units.

The standard form of a number is a way of writing numbers that is commonly used in mathematics, especially in arithmetic and place value studies. To write the number 210 million, 64 thousands, and fifty in standard form, one combines these values considering their place values.

The value of 210 million is simply 210,000,000. The value of 64 thousands is 64,000, and the value of fifty is 50. When these are combined, we get:

210,000,000 (Two hundred and ten million)+ 64,000 (Sixty-four thousand)+ 50 (Fifty)

Adding these together:

210,000,000 + 64,000 + 50 = 210,064,050

Therefore, the standard form of 210 million, 64 thousands, and fifty is 210,064,050.

What is the difference between 7,001 and 433?

Answers

7001 Is 6568 more than 433 that's the difference 

A restaurant uses 8 1/4 pounds of carrots to make 6 carrot cakes. Frank wants to use the same recipe. How many pounds of carrots does Frank need to make one carrot cake?

Answers

1.375 lbs of carrots

Frank needs [tex]\( \frac{11}{8} \)[/tex] pounds of carrots to make one carrot cake.

To find out how many pounds of carrots Frank needs to make one carrot cake, we first need to determine how many pounds of carrots are used per carrot cake in the original recipe.

Given that the restaurant uses 8(1)/(4) pounds of carrots to make 6 carrot cakes, we divide the total pounds of carrots by the number of cakes to find the amount per cake.

[tex]\( \text{Carrots per cake} = \frac{8\frac{1}{4}}{6} \)[/tex]

First, we convert the mixed number [tex]\(8\frac{1}{4}\)[/tex] to an improper fraction:

[tex]\(8\frac{1}{4} = \frac{(8 \times 4) + 1}{4} = \frac{33}{4}\)[/tex]

Then, divide by 6:

[tex]\( \frac{33}{4} \div 6 = \frac{33}{4} \times \frac{1}{6} = \frac{33}{24} = \frac{11}{8} \)[/tex]

So, Frank needs [tex]\( \frac{11}{8} \)[/tex] pounds of carrots to make one carrot cake.

You are given two sides of a triangle, a = 4.5 and b = 6. the angle between them is 35 degrees. write a script to find the length of the third side and the area of the triangle. hint: use trigonometric formula.

Answers

Attached a solution and showed work.

Complete the following proof. Given: 2x 11 = 15 Prove: x = 2

Answers

Answer:

Hence, x = 2.

Step-by-step explanation:

Given  : Given: 2x + 11 = 15 .

To find : Prove: x = 2.

Solution : We have given   2x + 11 = 15 .

On subtracting both sides by 11

2x = 15 - 11

2x = 4

On dividing both sides by 2

x = 2

Hence, x = 2.

Therefore,  Hence, x = 2.

5x - x + 12 +2x - 7 = 10

Answers

Combine like terms. Like terms are completely the same excluding coefficients.
6x+5=10

Subtract 5 from both sides
6x=5

Divide bith sides by 6
x=5/6

Final answer: B
5x - x + 12 + 2x - 7 = 10

We're simply just trying to isolate x :)

However, we must first simplify the equation by adding like terms.

(5x - x + 2x) + (12 - 7) = 10

Simplify.

6x + 5 = 10

Then, we must subtract 5 from both sides.

6x = 10 - 5

Simplify.

6x = 5

Divide both sides by 6.

6x ÷ 6 = 5 ÷ 6

Simplify.

x = 5/6

B. x = 5/6

~Hope I helped!~

21.12 subtracted by 12.2

Answers

[tex]21.12-12.2[/tex] 


if y is directly proportional to x^2 and y=216 when x=9 find y if x=19

Answers

Sure. Let'd go eith tht

Graph the following lines and write the equation in slope-intercept form. Through the point (−8,1) with a slope of 3.

Answers

m = 3
y = 3x + b
use the point to  solve for y-intercept b
1 = 3(-8) + b
1 = -24 + b
1 + 24 = b
25 = b

equation
y = 3x  +25

The ratio of a quarterback completed passes to attempted passes is 7 to 8. If he attempted 24 passes, how many did he complete? Round to nearest whole number if needed.

Answers

He completed 21 Passes

If he attempted 24 passes, he completes 21 pass.

What is ratio?

The numerical association of two values that shows how frequently one value includes or is contained inside another is called ratio.

Given, The ratio of a quarterback completed passes to attempted passes is 7 to 8.

If he attempted 24 passes.

To find the number of passes, he completes:

24 x 7/8

= 3 x7

= 21

Hence, he completes 21 passes.

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Evaluate the integral. 2 (6t i − t3 j + 2t3 k) dt 0

Answers

Final answer:

The integral of the vector field 2 (6t i − t3 j + 2t3 k) from 0 to t can be broken down into three separate integrals for each component, yielding the resulting integral vector of (6t^2)i - (0.5t^4)j + (t^4)k.

Explanation:

The integral you're asking about is a vector field integral, which comes up primarily in physics-related problems. The integral of a vector field, in this case, 2 (6t i − t3 j + 2t3 k) with respect to time, can be broken down into three separate integrals, each corresponding to a different component.

To solve, you would perform each integral separately:

Integral from 0 to t of 2*6t dt = 6t^2 between 0 and t = 6t^2 Integral from 0 to t of 2*-t^3 dt = -0.5*t^4 between 0 and t = -0.5t^4 Integral from 0 to t of 2*2t^3 dt = t^4 between 0 and t = t^4

Combine these answers to yield the integral vector (6t^2)i - (0.5t^4)j + (t^4)k as the solution. Please remember to always check your calculations to ensure accuracy!

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A rectangular prism is completely packed with 90 cubes of edge length fraction 1 over 2 inch, without any gap or overlap. Which of the following describes the volume of this rectangular prism? 11 unit cubes and 1 smaller cube of volume fraction 1 over 8 cubic inch 22 unit cubes and 4 smaller cubes of volume fraction 1 over 8 cubic inch each 11 unit cubes and 2 smaller cubes of volume fraction 1 over 8 cubic inch each 22 unit cubes and 2 smaller cubes of volume fraction 1 over 8 cubic inch each Could someone teach me the steps please? I reviewed the lesson, I still don't understand

Answers

check the picture below.

ok, notice the volume of the smaller cube forming the larger cube.  Keeping in mind that the larger cube has 90 of those small ones.

[tex]\bf \stackrel{\textit{larger cube}}{V}=90\stackrel{\textit{small cube}}{V}\implies \stackrel{\textit{larger cube}}{V}=90\cdot \cfrac{1}{8}[/tex]

Answer:

A

Step-by-step explanation:

ur welcomes

When the r2 of a regression equation is very high, it indicates tha?

Answers

... that the regression line is a strong indicator of the actual relationship between x and y.

Determine whether the statement is always, sometimes, or never true. If △ABC has angles that measure 10° and 40°, and △DEF has angles that measure 40° and 120°, then △ABC ≅ △DEF.

Answers

Never true 50 does not equal 160
Final answer:

The statement is sometimes true. If two triangles have congruent angles, they are similar but not necessarily congruent.

Explanation:

The statement is sometimes true. If △ABC has angles that measure 10° and 40°, and △DEF has angles that measure 40° and 120°, we can determine their congruence by comparing their angles. If two triangles have congruent angles, they are similar but not necessarily congruent. Therefore, △ABC and △DEF are similar triangles but not necessarily congruent.

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What value of x will give the minimum value for x^2- 14x + 3?


Please help me!!

Answers

Hello Feep! Since you are trying to to find the minimum value, you can use the vertex formula.
a = 1
b = -14
Vertex Formula.
[tex]x = -\frac{b}{2a}[/tex]
[tex]x = -\frac{(-14)}{2(1)}[/tex]
Distrubute the negative to the -14 making it 14
[tex]x = \frac{(14)}{2(1)}[/tex]
Times the denominator 2 * 1 = 2
[tex]x = \frac{(14)}{2}[/tex]
[tex]x = 7[/tex]
So 7 will give the minimum value for x^2- 14x + 3

How much pizza will each person get if 4 people share 3/4 of a pizza equally?

Answers

2 half turn half because when you have 4 and it clearly you have right now and then then you have to he wanted to happiness
Okay. So in order to solve this problem, we have to do division, because 4 people share 3/4 of a pizza equally. To divide fractions, keep 3/4 the same, turn the division symbol into multiplication symbol, and flip 4/1 over into 1/4. 3/4 * 1/4 = 3/16. Each person will get 3/16 of a pizza.

One and two thirds times a right angle

Answers

a right angle = 90 degrees

1 2/3 * 90 = 
5/3 * 90 =
450/3 =
150 <===

Answer:

150 Degrees

Step-by-step explanation:

We have to find one and two third of a right angle.

That is we have to basically find [tex]1\displaystyle\frac{2}{3}\text{ of a right angle.}[/tex]

The measure of a right angle in degrees is 90 degrees.

[tex]1\displaystyle\frac{2}{3}\times 90[/tex]

We convert the mixed fraction into unlike fraction

[tex]\displaystyle\frac{5}{3}\times 90 = 150[/tex]

Thus, one and two third of a right angle is 150 degrees or [tex]150^\circ[/tex]

A rectangular rug is 12.5 feet long and 10 feet wide. The rug needs to be reduced by a factor of 1/5 to be placed near a door. What is the area of the reduced rug in square feet?
_______ft2

Answers

the answer is 5.0 ft.2
the answer is 5.0 ft.2
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