Fred’s net monthly income is $3933.12 Rental: $700 Car Payment: $363.75 Car Insurance: $46.16 Life Insurance: $8793.75 Savings: (Fred wants to save 5% of his monthly income.) Fred estimates that she will need: $100 a month for electricity $240 a month for food $60 a month for...
Option 1-$42.00 monthly fee plus $5.00/hour for court rental option 2-no monthly fee but$8.50/hour for court rental Let x=hour per month of court rental time write a mathematical model representing the total monthly cost, C, in terms of x for the following: option1 C= option2 C=...
5) A tennis club offers two payment options: Option 1: $42 monthly fee plus $5/hour for court rental Option 2: No monthly fee but $8.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, i...
A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, in t...
A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, in t...
A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, in terms...
A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total monthly cost, C, in te...
Complete assuming monthly payment as given Interest rate $ 8.04% Home Mortgage 100,000 Time of Loan 180 months Monthly payments $ 957.96 Find the princial after first payment and principal after second payment
the monthly payment that amortizes a loan of A dollars in t yr when the interest rate is r per year, compounded monthly, is given byP=f(A,r,t) = Ar/ 12[1-(1+ r/12)^-12t ]Find the monthly payment for a home mortgage of 300,000 that will be amortized over 30 yr with an interest ra...
A rental company charges a flat fee of x dollars for a floor sander rental plus y dollars per hour of the rental. One customer rents a floor sander for 4 hours and pays $63. Another customer rents a floor sander for 6 hours and pays $87. Find the flat fee and the cost per hour fo...
A bank is offering aloan of $25,000 with a nominal interest rate of 18% compoundedmonthly, payable in 60 months. (Hint: The loan origination fee of2% will be taken outfrom the loan amount.)a) What is the monthly payment?b) If a loan origination fee of 2% is charged at the time of...
If I make $2700.00 a month and my car payment is 236.95 what percentage of my income is my car payment?