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Best McGraw Hill Connect Answers to Impress Your Professors

The McGraw Hill Connect Answers are not easy to derive. However, it is an innovative learning and teaching platform that encourages thousands of students. If you are looking for sure-shot ways to score a good grade in your competitive assignments, find out more about McGraw Hill Connect assignment and resolutions to various assignments.

The Terms of McGraw Hill Connect

McGraw Connect is online coursework, just like MyStatLab Answers, that allows students to learn how to improve their grades by solving each problem of their chapter. It is a unique digital teaching and learning platform to help students improve their academic performance with connect McGraw hill answers. The various textbooks, an ebook, coursework, questions, and tests in different subjects offer people assistance in learning innovatively.

How to get McGraw hill connect answers

The online platform McGraw Hill Connect enables students to fulfill their responsibilities by integrating digital tests and assignments with other courses and text materials. The software upholds a positive learning environment that contributes significantly to academic progress. Get advice on McGraw Hill Connect from our experts. Mcgraw Hill Connect inquiries receive expert responses. Our Professionals for Mcgraw Hill Connect Answers are available 24×7 to respond to your inquiries on any subject.

Who has access to McGraw Hill Answers?

A student does not have access to McGraw Hill Connect Answers. They can only write a test on the platform. Moreover, there is also no way college students could buy any McGraw Hill Homework Answers. It is impossible to get McGraw Hill answers hack or McGraw hill smartbook answer key from any source. Also, McGraw Hill Connect cheating is not possible. Moreover, the only your teachers can make their own set of challenging questions through online McGraw Hill Connect questions.

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Sample Question and Answers of McGraw Hill Connect Solutions

 

Q.1) Mary wants to save money for her son’s college tuition. She deposits $1200 at the end of each year in an ordinary annuity that pays 9% interest, compounded annually.

Answer each part. Do not round any intermediate computations nor answers.

(a)Find the total value of the annuity at the end of the 1st year
(b)Find the total value of the annuity at the end of the 2nd year
(c)Find the total value of the annuity at the end of the 3rd year

Ans:

(a)Finding the total value of the annuity at the end of the 1st year
At the end of the 1st year, Mary makes a $1200 payment.
Since the payment is made at the end of the 1st year, the $1200 payment does not earn interest in the 1st year.
So, the total value of the annuity at the end of the 1st year is $1200.

(b)Finding the total value of the annuity at the end of the 2nd year
At the end of the 2nd year, Mary makes another $1200 payment. Also, the $1200 principal from the previous year earns 9% interest.Here is a table that describes the amounts that contribute to the total value of the annuity at the end of the 2nd year.

Description Amount
Principal at the end of the 1st year. $1200
Interest earned during the 1st year. =$1200(0.09) = $108
Payment at the end of the 2nd year. $1200

We add the amounts in the table to find the total value of the annuity at the end of the 2nd year.

=$1200 + $108 + $1200 = $2508

(c)Finding the total value of the annuity at the end of the 3rd year

At the end of the 3rd year, Mary makes another $1200 payment. Also, the $2508 principal from the previous year earns 9% interest.
Here is a table that describes the amounts that contribute to the total value of the annuity at the end of the 3rd year.

Description Amount
Principal at the end of the 2nd year. $2508
Interest earned during the 2nd year. =$2508(0.09) = $225.72
Payment at the end of the 3rd year. $1200

We add the amounts in the table to find the total value of the annuity at the end of the 3rd year.

= $2508 + $225.72 + $1200 = $3933.72

Q.2) On June 1, the home mortgage balance was $192,000 for the home owned by Amy Morgan. The interest rate for the loan is 8.125 percent. Assuming that Amy makes the June monthly mortgage payment of $1536 , calculate the following:

(a) The amount of interest included in the June payment (round your answer to the nearest cent).

(b) The amount of the monthly mortgage payment that will be used to reduce the principal balance.

(c) The new balance after Amy makes this monthly mortgage payment.

Ans: (a)
Math answer 1

(b) To determine the principal reduction amount, subtract the monthly interest from the monthly mortgage payment.
Principal reduction amount = Monthly mortgage payment – Interest amount for the month
= $1536 – $1300 = $236

(c)To calculate the new principal balance, subtract the principal reduction amount from the principal balance at the beginning of the month.
New principal balance = Balance on June 1- Principal reduction amount
= $192,000 – $236
= $191,764

Q.3) Christine is taking out a mortgage for $258,000 to buy a new house and is deciding between the offers from two lenders. She wants to know which one would be the better deal over the life of the mortgage loan, and by how much.

Answer each part. Do not round intermediate computations, and round your answers to the nearest cent.

(a) A savings and loan association has offered her a 30- year mortgage loan at an annual interest rate of 4.7%. Find the monthly payment.

(b) Her credit union has offered her a 40-year mortgage loan at an annual interest rate of 3.5%. Find the monthly payment.

(c) Suppose Christine pays the monthly payment each month for the full term. Which lender’s mortgage loan would have the lowest total amount to pay off, and by how much?

Ans:

(a)
answer 2
answer 3

Rounded to the nearest cent, the monthly payment to the savings and loan association would be $1338.09

(b) Finding the monthly payment for the credit union offer

We have the following.

Finding the monthly payment for the credit union offer

Rounded to the nearest cent, the monthly payment to the credit union would be $999.47

(c) There would be 30 x 12 = 360 payments to the savings and loan association and 40 x 12 = 480 payments to the credit union.

We find the total amount to pay off each mortgage loan by multiplying the monthly payment by the number of payments.

Savings and loan: 1338.09 x 360 = $481,712.40

Credit union: 999.47 x 480 = $479,745.60

So, the total amount paid to the credit union would be smaller. We subtract to find how much.

$481,712.40 – $479,745.60 = $1966.80

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How To Proceed With McGraw Hill Connect Solutions

 

Step 1- Sign up for your account and find a course assignment suitable for you. Enter the desired URL from your instructor and enter the Home Page.

Step 2- You can log in with the username and password you received during the course registration.

Step 3- Check the MENU on the top.

Step 4- Click on the due dates to check the deadlines of the assignments.

Step 5- Read the professor’s instructions while answering the question for all the assignments. The gray arrow on the top lets you know the details.

Step 6- Write all the McGraw Hill Connect test Answers with your best knowledge.

Step 7- Recheck, edit, and finally, click the Submit button. In the meantime, explore the quality Cengage Answers for online exam.

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Frequently Asked Questions

 

1. Can you cheat on McGraw Hill Connect questions?

McGraw Hill Connect has a strict policy against cheating and provides penalties for students who are caught. In addition, if McGraw Hill Connect caught you cheating. They will give all your McGraw Hill Connect account information to the University. However, there is a way. We here at takeonlineclasshelp.com provide experienced tutors who will help you with McGraw hill connect math answer key anytime and get rid of average score.

2. Can McGraw Hill detect cheating on homework?

One of the many related questions we frequently get is whether McGraw Hill Connect can detect cheating on homework. The answer, unfortunately, is no. McGraw Hill Connect doesn’t have any system to detect cheating, so students must be careful while giving correct answer.

3. How does McGraw-Hill Connect work?

McGraw-Hill Connect homework help is a system that provides students with online access to instructional materials for college courses and correct answers. When enrolled in a suitable course, McGraw-Hill will give the student a username and password to log into their account on McGraw-Hill’s website to find assignments worth points, submit McGraw hill education answers using web tools, and receive feedback on their progress.

4. How do you submit assignments on McGraw-Hill?

McGraw Hill Connect is a course management system for online courses. You can submit assignments from the web browser or the desktop application. Submit your assignment by clicking on “my assignments” and “submit”. The other option is to upload an encrypted file with your solutions if this has been enabled in your course.

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