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3 years ago

12

A finance company offers a 36-month installment loan with an APR of 10.5%. Jerry wishes to use the loan to finance an engagement

ring for $21,500. After first using Table 13-1 to find the finance charge, calculate the monthly payment.

1 answer:

kumpel [21]3 years ago

8 0

Well i’m not sure on this but i got 18 for my answer instead of 10 so if u need any mode help im here

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3 years ago

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Step-by-step explanation:

$\text{Use}\\\\\text{distributive property:}\ a(b+c)=ab+ac\\\cot\alpha\tan\alpha=1.\\\\======================\\\\\cot\theta(\tan\theta+\cot\theta)=(\cot\theta)(\tan\theta)+(\cot\theta)(\cot\theta)\\\\=1+\cot^2\theta\\\\\text{If you want next transformation, then use:}\\\\\cot\alpha=\dfrac{\cos\alpha}{\sin\alpha}\\\\\sin^2\alpha+\cos^2\alpha=1\\\\=======================$

$=1+\left(\dfrac{\cos\theta}{\sin\theta}\right)^2=1+\dfrac{\cos^2\theta}{\sin^2\theta}=\dfrac{\sin^2\theta}{\sin^2\theta}+\dfrac{\cos^2\theta}{\sin^2\theta}=\dfrac{\sin^2\theta+\cos^2\theta}{\sin^2\theta}\\\\=\dfrac{1}{\sin^2\theta}\\\\\text{If you want next transformation, then use:}\\\\\csc\alpha=\dfrac{1}{\sin\alpha}\\\\=\left(\dfrac{1}{\sin\theta}\right)^2=(\csc\theta)^2=\csc^2\theta$

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