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Ganezh
2 months ago
11

Helena has taken out a $9,300 unsubsidized Stafford loan to pay for her college education. She plans to graduate in four years.

The loan has a duration of ten years and an interest rate of 6.4%, compounded monthly. By the time Helena graduates, how much greater will the amount of interest capitalized be than the minimum amount that she could pay to prevent interest capitalization? Round all dollar values to the nearest cent.
Mathematics
2 answers:
Leona [12.6K]2 months ago
8 0
The effective annual interest rate calculations yield:
i = (1 + 0.064/12)^12 - 1 = 0.066
For year 1: the interest amounts to $613.80 (calculating $9300 multiplied by 0.066)
For year 2: the interest totals $654.31 (adding year 1’s interest to $9300 and multiplying by 0.066)
For year 3: the interest is $656.98 (following the same process as year 2)
For year 4: the interest is $657.16

The cumulative interest totals: $2582.25
The present value of this sum is:
P = 2582.23 / (1 + 0.066)^4 = $1999.72

Thus, the final answer is $1999.72.
Leona [12.6K]2 months ago
7 0

Response:

$324.33

Detailed breakdown of the process:

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tester [12383]
The right answer is x3 + 5x2 + 5x - 2.
4 0
2 months ago
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The graphs of f(x) = 10x and its translation, g(x), are shown. On a coordinate plane, 2 exponential functions are shown. f (x) a
PIT_PIT [12445]

Answer:

g(x)=(10)^{x-3}

Detailed explanation:

* Let’s clarify the procedure for solving this problem

- An exponential function can be expressed as f(x)=a(b)^{x}, where

 a signifies the starting amount (x = 0), and b denotes the growth factor

- If b > 1, it qualifies as an exponential growth function

- If 0 < b < 1, it is categorized as an exponential decay function

- Horizontal translation to the right by h units results in the new function being g(x)=a(b)^{x-h}

- Conversely, if translated to the left by h units, the function modifies to g(x)=a(b)^{x+h}

 the new function will be

- A vertical upward shift by k units alters the function to g(x)=a(b)^{x}+k

- A vertical downward shift by k units means the new function accounts for g(x)=a(b)^{x}-k

* Now, let’s solve the problem

∵ f(x) is an exponential function

∵ The points (0, 1), (1, 10), (2, 100) are points of f(x)

- g(x) is the transformation of f(x)

∵ The points (3, 1), (4, 10), (5, 100) belong to g(x)

∵ The point (0, 1) on f(x) transforms to (3, 1) on g(x)

∵ The point (1, 10) on f(x) transforms to (4, 10) on g(x)

∵ The point (2, 100) on f(x) translates to (5, 100) on g(x)

∵ Notably, all y-coordinates of f(x) match those of g(x)

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∴ Hence, no vertical translation occurred

∵ The x-coordinates of f(x) are increased by

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∴ This shows that f(x) is translated 3 units to the right

∵ f(x)=(10)^{x}

∴ g(x)=(10)^{x-3}

- Refer to the corresponding graph for greater clarity

# The red curve denotes f(x)

# The blue curve signifies g(x)

4 0
2 months ago
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Which of the following functions is graphed below?
PIT_PIT [12445]

Answer:

D.

Step-by-step explanation:

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8 0
3 months ago
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If there are any discrepancies, please inform me and I will recalculate!

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lawyer [12517]

Response:

The answer is  d

Detailed explanation:

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