geno3141

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 #5
avatar+23252 
+3

Math can be hard, very hard; but so can everything else is this world.

Math may become easier to you if you try to figure out, in your own words, why the rules are true. If you only memorize rules, without figuring why they work, math can be very confusing and very difficult.

Without figuring things out so they make sense to you, math may seem like it's a million rules that don't make any sense.

If you try to understand what's going on, you find that there are not so many rules, they are just used over and over, in a variety of situations and a variety of ways.

For instance, the rules for exponents:

If you multiply two numbers with the same base, you add the exponents but if you have a power to a power then you multiply the exponents. True, this sounds like gobblegook, but look at it this way:

What is  x² · x³  ?  The first rule says that you have to add exponents, but why?

    x²  =  x · x              x³  =  x · x · x         So: x² ·  x³  = x · x ·  x · x · x  =  x^5

   If you have a box of 2 x's and you combine it with a box of 3 x's, don't you have a box with 5 x's?

   Since you're dumping 2 things with 3 things, you have 5 things; that's adding.

Now, what is  (x²)³ ?  Well, inside each box you have 2 x's and that little exponent of 3 means that you have 3 boxes, so to figure out how many things are in 3 boxes of 2 things each, don't you multiply? And that's why you get 6.

Hang in there; ask when you need help; and try to turn the rules into things that make sense to you.

1 oct 2014
 #1
avatar+23252 
+5

We'll have to calculate how much will be paid over the course of those 17 years.

To do that, we'll first have to calculate how much each monthly payment is.

According to the web site www.1728.com the formula to use is:

Monthly Payment = {rate + rate/[ (1 + rate)^months - 1] } x Principal

The Principal of the loan is 32750

The number of months is 17 years x 12 months per year = 204 months

The rate is 6.24%  =  .0624  yearly which, when divided by 12 becomes  0.0052.

Monthly Payment  =  {0.0052 + 0.0052 / [ (1 + 0.0052) ^ 204 - 1] } x  32750

Monthly Payment  =  $260.85

Pay this monthly payment for 12 months per year for 17 years:  $260.85 x 12 x 17  =  $53.213.40

But since the loan was only for $32,750.00, subtract to get  $20,463.40  total interest paid.

1 oct 2014