The answer is c. 16.70% This is based on the posts I've read online regarding this problem. No solution was given.
These are the amounts you have to consider:
List price of new car - 21,450
Sales tax rate: 6.88% - 21,450 x 6.88% = 1,475.76
vehicle registration fee - 1,089
documentation fee - 124
loan term - 3 years, paid monthly. so, 36 months
interest rate - 12.28% compounded monthly.
2004 Dodge Neon value - 6,591
trade in value - 6,591 x 80% = 5,272.80
No mention of down payment so the possible amount to be financed is: 24,138.76
The value of the traded car is only considered after the financing has been paid off.
Answer:
y = -2x + 3
Step-by-step explanation:
Hope this helps!
You literally just need to click yes then call it a day it’s simple don’t worry too much :D
Answer:
Step-by-step explanation:
Y=1/3y+-5/3
