Mathematics, 29.11.2021 06:30 erenackermanlevijaeg
Find the Interest, Principal reduction, and Balance of loan of payment 2 from a $20 000 loan, interest rate is 6.0% per annum compounding quarterly, and you have quarterly repayments of $500 towards the loan.
Payment #0
Payment Amount: 0
Interest: 0
Principal reduction: 0
Balance of loan: 20000
Payment #1
Payment Amount: 500
Interest: 300
Principal reduction: 200
Balance of loan: 19800
Payment #2
Payment Amount: 500
Interest: ?
Principal reduction: ?
Balance of loan: ?
Answers: 3
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Mrs. julien’s and mrs. castillejo’s classes are selling cookie dough for a school fundraiser. customers can buy packages of macadamia nut chip cookie dough and packages of triple chocolate cookie dough. mrs. julien’s class sold 25 packages of macadamia nut chip cookie dough and 30 packages of triple chocolate cookie dough for a total of $221.25. mrs. castillejo’s class sold 5 packages of macadamia nut chip cookie dough and 45 packages of triple chocolate cookie dough for a total of $191.25. (a) write the system of equations that model the problem. be sure to explain which equation represents which situation. (b) find the cost of each type of cookie. show your work. (c) explain which method you used to solve the system and why you chose that method.
Answers: 2
Find the Interest, Principal reduction, and Balance of loan of payment 2 from a $20 000 loan, intere...
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