Alissa used the Quantitative Reasoning Process to create a plan to pay off her

Alissa used the quantitative reasoning process to

This preview shows page 21 - 26 out of 26 pages.

Question 33: (1 point)Alissa used the Quantitative Reasoning Process to create a plan to pay off her car loan of $5,460. The interest rate on her loan is 3.225%annually and she plans to make monthly payments of $98.656 for 5 years. Complete month 1 of the amortization table below. What is theEnding Balancefor Month 1?MonthBeginning BalancePayment: To InterestPayment: To PrincipalEnding Balance1??23 (a)$5460.(b)$5445.33(c)$5361.34(d)$5376.02(e)$5537.43 Question 34: (1 point)Joseph used the Quantitative Reasoning Procees to create a plan to pay off his student loans of $2,120. The interest rate on hisloan is 1.5% annually and he plans to make monthly payments of $19.04 for 10 years. Complete months 1 and 2 of the amortization tablebelow.How much of Joseph's payment goes toInterestin Month 2?MonthBeginning BalancePayment: To InterestPayment: To PrincipalEnding Balance12??3(Round your FINAL answer to the nearest cent.) $____________
Image of page 21
3/3/2020 Brigham Young University - Idaho - Canvas - 22/26 Question 35: (1 point)In the graph below, which point represents the greatest rate of change of the function? ] ] ] ] ]
Image of page 22
3/3/2020 Brigham Young University - Idaho - Canvas - 23/26 Question 36: (1 point)Which point below marks the place where the exponential function has a rate of change equal to the constant rate of change of the line? ] ] ] ] ]
Image of page 23
3/3/2020 Brigham Young University - Idaho - Canvas - 24/26 Question 37: (1 point)Which of the following situations represents avariablerate of change? Question 38: (1 point)Consider the following two graphs:Graph A:Graph B:Which of the following statements is true? (a)Both graphs represent variable rates of change.(b)Both graphs represent constant rates of change.(c)Graph A represents a variable rate of change and Graph B represents a constant rate of change.(d)Graph A represents a constant rate of change and Graph B represents a variable rate of change.(e)Neither of the graphs represent either variable or constant rates of change.
Image of page 24
3/3/2020 Brigham Young University - Idaho - Canvas - 25/26
Image of page 25
Image of page 26

You've reached the end of your free preview.

Want to read all 26 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture