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 equation of a circle with center (2, -3) and radius 4?
+
Math question: What is the 5th derivative of f(x) = 3x^4 + 2x^3 - 5x^2 + 8x - 1?
+
What is the derivative of sin⁡(x³)cos⁡(x⁴) using the chain rule?
+
New questions in Mathematics
Find two natural numbers whose sum is 230 and their difference is 10. Set up the system and solve it.
2+2
90 divided by 40
Two events E and F are​ ________ if the occurrence of event E in a probability experiment does not affect the probability of event F.
The mean life of a television set is 119 months with a standard deviation of 13 months. If a sample of 67 televisions is randomly selected, what is the probability that the sample mean would be less than 121 months? Round your answer to four decimal places
Convert 78 percent to a decimal
form a key for your lock containing the numbers 2 2 5 8 How many different keys can you form?
Raúl, Gilberto and Arturo are playing golf; The probabilities of winning for each one are as follows: (Raúl wins) = 20% (Gilberto wins) = 0.05% (Arturo wins) = ¾%. Perform operations and order events from least to most probable.
TEST 123123+1236ttttt
cube root of 56
Write the equation of the line that is parallel to y= 4x-7 and has a y- intercept at (0,5)
find missing measure for triangle area = 48 m square base = 10m heaighy = ? m
Two particles of electrical charges Q1=3.8×10-⁶C and q,=4.4×10-⁶C are separated in vacuum by a distance of 4.0.10-⁸ m. Since K=9.0.10⁹ N.m²/C², the intensity of the interaction force between them, in newtons, is?
Below are three 95% CIs (where 𝜎 was known and 𝑥̅happened to be the same); one with sample size 30, one with samplesize 40, and one with sample size 50. Which is which?(66.2, 76.2)(61.2, 81.2)(56.2, 86.2)
Evaluate ab+dc if a=56 , b=−34 , c=0.4 , and d=12 . Write in simplest form.
22. Let [AB] be a chord in a circle C, and k a circle which is internally tangent to the circle C at a point P and to the chord [AB] at a point Q. Show that the line P Q passes through the midpoint of the arc AB opposite to the arc APB.
2.3 X 0.8
6(k-7) -2=5
Sarah is lining a square tray with 1 inch square tiles. the side length of the tray is 9 inches. How many tiles does Sarah need?
Matilde knows that, when driving her car from her office to her apartment, she spends a normal time of x minutes. In the last week, you have noticed that when driving at 50 mph (miles per hour), you arrive home 4 minutes earlier than normal, and when driving at 40 mph, you arrive home 5 minutes earlier later than normal. If the distance between your office and your apartment is y miles, calculate x + y.