Find the coordinates of X. A. (7, 4.5) B. (7, 2.5) C. (3.5, 7) D. (7, 3.5
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Using the monthly payment formula, it is found that her down payment should be of $1,419.
<h3>What is the monthly payment formula?</h3>It is given by:
In which:
- P is the initial amount.
- r is the interest rate.
- n is the number of payments.
For this problem, the parameters are:
A = 250, r = 0.072, n = 72.
Hence:
r/12 = 0.072/12 = 0.006.
We solve for P to find the total amount of the monthly payments, hence:
0.0171452057P = 250
P = 250/0.0171452057
P = $14,581.
The total payment is of $16,000, hence her down payment should be of:
16000 - 14581 = $1,419.
More can be learned about the monthly payment formula at brainly.com/question/26476748
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8p-8=-9(2p+5)-9(6-3p)
p=91
I showed the work up there and checked
p=91
I showed the work up there and checked