MathMaster logo

MathMaster

  1. Home
  2. general
  3. mr jimenez requested a personal loan from banca progreso for 85 000 the credit was will pay in 36 biweekly installments of
Question

Mr. Jiménez requested a personal loan from Banca Progreso for $85,000. The credit was will pay in 36 biweekly installments of $2,782.79. Calculate the annual nominal interest rate that Mr. Jiménez pays for the credit

182

likes
912 views

Answer to a math question Mr. Jiménez requested a personal loan from Banca Progreso for $85,000. The credit was will pay in 36 biweekly installments of $2,782.79. Calculate the annual nominal interest rate that Mr. Jiménez pays for the credit

Expert avatar
Hank
4.8
105 Answers
El monto del préstamo es de $85,000.
El señor Jiménez va a realizar 36 abonos quincenales de $2,782.79 cada uno.

La tasa de interés nominal anual se puede calcular usando la siguiente fórmula:

Interés = Abono \times Numero\:de\:abonos - Monto

Donde:
- Interes es el total de los intereses pagados por el señor Jiménez.
- Abono es el monto de cada abono quincenal.
- Numero\:de\:abonos es la cantidad total de abonos realizados por el señor Jiménez.
- Monto es el monto total prestado.

Sustituyendo los valores conocidos:

Interés = 2782.79 \times 36 - 85000 = 10018.44

La tasa de interés nominal anual se puede calcular de la siguiente manera:

Tasa = \dfrac{Interés}{Monto} \times \dfrac{52}{36} \times 100

Sustituyendo los valores conocidos y el interés calculado anteriormente:

Tasa = \dfrac{10018.44}{85000} \times \dfrac{52}{36} \times 100 \approx 8.45\%

Entonces, la tasa de interés nominal anual que paga el señor Jiménez por el crédito es de aproximadamente 8.45\% .

$\boxed{8.45\%}$

Frequently asked questions (FAQs)
What is the probability of rolling a sum of 8 with two fair six-sided dice?
+
Math question: "Graph the equation y = 2x + 3. Find the slope and y-intercept. What are the coordinates of two points on the graph?
+
Find the derivative of f(x) = (3x^2 + 4x + 1) * (2x^3 + 5) using the product rule.
+
New questions in Mathematics
³√12 x ⁶√96
An electrical company manufactures batteries that have a duration that is distributed approximately normally, with a mean of 700 hours and a standard deviation of 40 hours. Find the probability that a randomly selected battery has an average life of less than 810 hours.
4x-3y=5;x+2y=4
The main cost of a 5 pound bag of shrimp is $47 with a variance of 36 if a sample of 43 bags of shrimp is randomly selected, what is the probability that the sample mean with differ from the true mean by less than $1.4
2/3+5/6×1/2
By direct proof, how can you prove that “The sum of any three consecutive even integers is always a multiple of 6”.
In a grocery store, when you take out 3 peppers and 4 carrots, there are 26 peppers and 46 carrots left. How many peppers and carrots were there initially?
Estimate the quotient for 3.24 ÷ 82
User One of the applications of the derivative of a function is its use in Physics, where a function that at every instant t associates the number s(t), this function s is called the clockwise function of the movement. By deriving the time function we obtain the velocity function at time t, denoted by v(t). A body has a time function that determines its position in meters at time t as S(t)=t.³√t+2.t . Present the speed of this body at time t = 8 s.
A Smooth Plane is listed for $195.00. Discounts of 12% and 10% are allowed. If the customer pays cash within 30 days, an additional discount of 3% is granted. What is the cost if a carpenter takes advantage of all the discounts offered?
The grading on a $159,775 house comes to $3974.75. What percent of the total cost is this? (Express your answer to the nearest hundredth percent.)
In a physics degree course, there is an average dropout of 17 students in the first semester. What is the probability that the number of dropouts in the first semester in a randomly selected year has between 13 and 16 students?
Let X be a discrete random variable such that E(X)=3 and V(X)=5. Let 𝑌 = 2𝑋^2 − 3𝑋. Determine E(Y).
How to factorise 5y^2 -7y -52
Calculate the change in internal energy of a gas that receives 16000 J of heat at constant pressure (1.3 atm) expanding from 0.100 m3 to 0.200 m3. Question 1Answer to. 7050J b. 2125J c. None of the above d. 2828J and. 10295 J
Consider mixing 150 ml, 0.1M, HCI with 100 ml, 0.2M, KOH solution. Determine the pH of final solution.
7- A printing company found in its investigations that there were an average of 6 errors in 150-page prints. Based on this information, what is the probability of there being 48 errors in a 1200-page job?
Solve for z: 2z-6=10z+2
the length of the fenced in area is to be 5 ft greater than the width and the total amount of fencing to be used is 89 ft find the width and length
In an experiment to assess the effect of listening to audiobooks while driving, participants were asked to drive down a straight road in a driving simulator. The accompanying data on time (in milliseconds) to react when a pedestrian walked into the street for 10 drivers listening to an audiobook are consistent with summary statistics and graphs that appeared in the paper "Good Distractions: Testing the Effect of Listening to an Audiobook on Driving Performance in Simple and Complex Road Environments."† (Round your answers to four decimal places.) 1,018 1,007 1,054 988 937 1,030 1,065 1,011 860 1,106 A button hyperlink to the SALT program that reads: Use SALT. Calculate the variance for this data set. 7437.7333 Incorrect: Your answer is incorrect. Calculate the standard deviation for this data set. 86.2022 Incorrect: Your answer is incorrect.

You might be interested in