How do you calculate the finance charge on a loan of $8,000 with a monthly payment of $162.80 over 60 months?

To determine the finance charge on a loan, we first understand that the finance charge represents the total cost of borrowing, which includes interest rates and any additional fees. In this case, we have: Loan Amount: $8,000 Monthly Payment: $162.80 Loan Term: 60 months 1. **Find the Total Amount Paid Over the Loan Term:** Start … Read more

How can I find the component form of a vector v that lies in the first quadrant and forms an angle of π/3 with the positive x-axis, given that the magnitude of v is 8?

To find the component form of the vector v that lies in the first quadrant, we start by using the information provided: the angle θ is π/3 (or 60 degrees) with respect to the positive x-axis and the magnitude of the vector is 8. The component form of a vector can be expressed as: v … Read more

When measuring the length of a long rod, how can we express the length in foot spans if we start by using pace spans?

To determine the length of a long rod in foot spans after measuring it initially with pace spans, we first need to understand the relationship between the two types of measurements. A pace span typically refers to the distance covered by one full step of an individual, often measured at an average of 2.5 to … Read more

What is the most precise term for the quadrilateral ABCD with the vertices A(4, 4), B(5, 8), C(8, 8), and D(8, 5)?

The quadrilateral ABCD with vertices A(4, 4), B(5, 8), C(8, 8), and D(8, 5) can be classified as a trapezoid and more specifically, a right trapezoid. Here’s why: 1. **Understanding the Vertices**: The vertices of the quadrilateral are A(4, 4), B(5, 8), C(8, 8), and D(8, 5). When we plot these points on a Cartesian … Read more