A credit union loans a member $6,000 for the purchase of a used car. The loan is made for 15 months at an annual simple interest
rate of 5.9%. What is the maturity value of the car loan?
1 answer:
You will need the Total Loan Cost Formula which is
(I'm having trouble attaching the graphic - I think the problem is with Brainly).
If nothing else, go to this web page.
It has a calculator and the formula.
http://www.1728.org/loanfrm4.htm
I get an answer of $6,238.70
You might be interested in
Answer:
Right 4 Down 9
Step-by-step explanation:
C
50 min = 7/8 miles
1 min
= 7/8 ÷ 50 miles
= 7/8 × 1/50 miles
= 7/400 miles
So, 60 min
= 7/400 × 60 miles
= 7/40 × 6 miles
= 7/20 × 3 miles
= 21/20 miles
= 1.05 miles
0.6 pounds because you would divide 3 by 5 and get 0.6
You must be 5 feet. Yes you can go on the ride if you are 5 feet because 60 inches equals 5 feet
The graph that represents the system of inequalities is graph 3