1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leno4ka [110]
3 years ago
6

You were just approved for a $32,000 car loan at an APR of 1.99% for 60 months. As you make payments over time: your payment is

, the amount of interest you will pay each month , and the amount of principal you pay each month .
Mathematics
1 answer:
Softa [21]3 years ago
5 0

What it Means...

If you borrow $32,000 at 1.99% for 5 years, your monthly payment will be $560.75.

The payments do not change over time. The loan amortizes over the repayment period, meaning the proportion of interest paid vs. principal repaid changes each month. As the loan amortizes, the amount of monthly interest paid decreases while the amount of principal paid increases.

<span>Loan Amount: $32,000
Term (years): 5     (60 Months)

Annual Interest Rate (%): 1.99%</span> Monthly Payment = $560.75


Check out upload files 

<span>Amortization Schedule</span>
Download docx
You might be interested in
HELP!!!
lara31 [8.8K]

Answer:

a) (3,7) b) 35

Step-by-step explanation:

8 0
2 years ago
In the formula, v=L(1-
wolverine [178]
The value of the the car is given by:
V=L(1-d.n)
thus, the value of v when L=$21000 and d.n=0.7 will be:
V=21000(1-0.7)
V=21000×0.3
V=$6300

Answer: Present value of the car is $6300
3 0
3 years ago
Find the equation of a line with the following characteristics: slope=1/2;goes through (4,-1)​
gizmo_the_mogwai [7]

Answer:

the answer is 9 14

Step-by-step explanation:

it's correct so then nine times blah equals 9 / 14

3 0
3 years ago
Use Synthetic Division to divide 6x^3-10x^2+20 by x+1<br><br> Quotient:_____<br><br> Remainder:_____
exis [7]

Answer:

the quotient is 6x^2 - 16x + 16, and the remainder is just 4

Step-by-step explanation:

The polynomial 6x^3-10x^2+20 has coefficients {6, -10, 0, 20}.  Division by the binomial x + 1 requires that we use -1 as the divisor.  The synthetic division setup becomes:

-1   /    6    -10    0    20

                 -6    16   -16

     -----------------------------

          6     -16   16       4

Taking the coefficients {6, -16, 16}, we write the quotient as

6x^2 - 16x + 16, and the remainder as just 4.

6 0
3 years ago
The quotient of two and five times a number
trasher [3.6K]
Answer: 2 / 5x
Explanation:
8 0
3 years ago
Other questions:
  • Which of the following is not example of a type of savings vehicle?Certificate of deposit (CD)
    15·2 answers
  • Which mathematical property is shown by the statement?<br><br> (4y*9)*7 = 4y * (9*7)
    13·2 answers
  • the length of the box is 13 and the height is 7. suppose the volume is 819, what is the width of the box
    13·1 answer
  • Find the surface area of 10ft 5ft 1ft
    9·1 answer
  • Simplify: (4x2 − 8xy + 2y2) − (9x2 − 4xy − 7y2) (5 points)
    5·1 answer
  • If x = 0, then f(0) =
    8·1 answer
  • A function with an input of 4 has an output of 10. Which of the following could not be the function equation?
    14·1 answer
  • Can you work this out for me?
    8·1 answer
  • Please help! will mark brainliest
    10·2 answers
  • Find the term of the14th sequences 2,6,18​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!