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prohojiy
14 days ago
15

Jameson has $4,300 in credit card debt with 14% interest that he wants to pay off in 24 months. He will need to make monthly pay

ments of $206.46 each month. Calculate the total cost of repayment and the interest Jameson will pay.
Mathematics
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The spending limit on John’s credit card is given by the function f(x)=15,000+1.5x , where x is his monthly income. f^-1x . The
zzz [12365]
1. "The limit on John's credit card is defined by the function f(x)=15,000+1.5x," indicating that if John's monthly income is $5,000, he can spend a maximum of f(5,000)=15,000+1.5*5,000=15,000+ 7,500=22,500 (dollars). As another example, if John's monthly income is $8,000, then he can spend up to f(8,000)=15,000+1.5*8,000=15,000+ 12,000=27,000 (dollars). 2. If we consider the maximum amount John can spend as y, it can be represented as y=15,000+1.5x. To express x, the monthly income, in terms of y, we rearrange this equation: y=15,000+1.5x results in 1.5x = y-15,000. Therefore, in functional notation, x is a function, referred to as g, based upon y, the maximum sum. Generally, we denote the variable of a function by x, so we redefine g as: This tells us that if the maximum amount that John can spend is $50,000, then his monthly income would be $23,333. 3. If John's limit is $60,000, his monthly income equals $30,000. Note: g is deemed as the inverse function of f because it reverses the actions of f.
6 0
2 months ago
Justin’s financial goal is to purchase a home. Which sentence describes how Justin could make his goal measurable and timely?
PIT_PIT [12445]
The answer is c Step-by-step explanation:
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2 months ago
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A sequence is defined by mc024-1.jpg, and mc024-2.jpg. What is the seventh term?
AnnZ [12381]
Given data:
a₃ = 9/16
aₓ = -3/4 · aₓ₋₁
Here, x represents the number of terms ('x' can also be referred to as 'n')
To determine the 7th term (a₇):

We know that aₓ = -3/4 · aₓ₋₁
Thus,[ [TAG_10]]a₃ = -3/4 · a₃₋₁
a₃ = -3/4 · a₂
9/16 = -3/4 · a₂
a₂ = 9/16 × -4/3
a₂ = -36/48
a₂ = -3/4

Next,[ [TAG_20]]aₓ = -3/4 · aₓ₋₁
a₄ = -3/4 · a₄₋₁
a₄ = -3/4 · a₃
a₄ = -3/4 · 9/16
a₄ = -27/64
a₄ = -27/64

For a₅,[ [TAG_30]]aₓ = -3/4 · aₓ₋₁
a₅ = -3/4 · a₅₋₁
a₅ = -3/4 · a₄
a₅ = -3/4 × -27/64
a₅ = 81/256

For a₆,[ [TAG_39]]aₓ = -3/4 · aₓ₋₁
a₆ = -3/4 · a₆₋₁
a₆ = -3/4 · a₅
a₆ = -3/4 × 81/256
a₆ = -243/1024

Finally, for a₇,[ [TAG_48]]aₓ = -3/4 · aₓ₋₁
a₇ = -3/4 · a₇₋₁
a₇ = -3/4 · a₆
a₇ = -3/4 × -243/1024
a₇ = 729/4096
3 0
1 month ago
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10 ways to divide 96 into equal groups
tester [12383]

Answer:

Step-by-step explanation:

consider searching for it

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3 months ago
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A town has a population of 14000 and grows at 3% every year. What will be the population after 6 years, to the nearest whole num
Zina [12379]

This scenario is similar to a compound interest problem where the following formula is utilized:

M = C. (1 + j)^{n}

Here:

C is the principal amount

j stands for the interest rate

n represents the number of periods

M is the total amount

By applying this formula to our issue, we establish:

C equals the initial population

j indicates the annual growth rate

n corresponds to the years elapsed

M signifies the final population

Let's proceed with the calculations...

C = 14000

j = 3% = 3/100 = 0.03

n = 6

M =?

Substituting the known values and calculating gives us:

M = C. (1 + j)^{n}

M = 14000. (1 +.03)^{6}

M = 14000. (1.03)^{6}

M = 14000. 1.19

M = 16,716.7

Thus, the result is 16,717

:-)

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1 month ago
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