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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
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Suppose that two people standing 2 miles apart both see the burst from a fireworks display. After a period of​ time, the first p
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Answer: approximately 5148 feet directly north of point A

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==============================================================

Explanation:

Check out figure 1 (attached image below) to see how the drawing is set up.

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There are 800 members in an astronomy club, and 320 of them are females. What percent of the members are males.
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