Answer:
the interest =20.74
whereas the total sum=8850(the sum is the nearest cent)
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<em><u>HOPE</u></em><em><u> </u></em><em><u>IT</u></em><em><u> </u></em><em><u>HELPS</u></em><em><u> </u></em><em><u>YO</u></em><em><u>U</u></em></h2>
We are NOT told 1) the finance charge and 2) the amount of time
<span>
<span>
19,850.00
<span>
Car Price
+1,488.75 Sales Tax
</span>
<span>
</span><span> -1,000.00
Down Payment
</span>
20,338.75
</span>
</span>
This is the amount being financed
Using a loan calculator http://www.1728.org/calcloan.htm
We see that if the loan is for 9.382% and it is for 5 years,
Then the monthly payment is $425.98
We will make 60 (12 months * 5) monthly payments resulting in a total loan cost of 425.98 * 60 =
<span>
<span>
25,558.80
</span>
</span>
Total Loan Cost
-20,338.75 Money Being Financed
5,220.05 Five Year's Interest
********************************************************************
THIS ISN'T EXACTLY RIGHT - SCROLL TO THE BOTTOM
So, 5,220.05 / 60 = Interest Paid each month.
= $87.00
So,
425.98
-87.00
<span>
<span>
338.98
</span>
</span>
Each month goes toward the principal.
******************************************************************************************
Although, the monthly payment remains exactly the same each month, the amount going toward interest and the amount going to equity (what you own), changes drastically each month.
See the mortgage calculator
http://www.1728.org/mortmnts.htm
So, your first payment, of 452.98 pays for $159.02 in interest and $266.95 in principal.
Answer:
no
Step-by-step explanation:
20 divided by 5.5 is a decimal 3.63
Answer:
Step-by-step explanation:
By drawing the point (-3,-1) in the coordinate plane we find the graph shown below. Since there are 10 points between points A and B, we need to start at point A and then we have to move 11 units either to the right, to the left, up, or down
.
1. MOVING TO THE RIGHT:
From point A, move 11 units horizontally to the right to come to point B:
(-3+11, -1) = (8, -1)
2. MOVING TO THE LEFT:
From point A, move 11 units horizontally to the left to come to point B:
(-3-11, -1) = (-14, -1)
3. MOVING UPWARD:
From point A, move 11 units vertically upward to come to point B:
(-3, -1+11) = (-3, 10)
4. MOVING DOWNWARD:
From point A, move 11 units vertically downward to come to point B:
(-3, -1-11) = (-3, -12)
So this are the basic movements you can get to find point B. You also can move diagonally upwards or downwards in whose case you would find other four points. The graph below shows a red point which is A, and the other points are in black color and represent B.
Take a look at the photo attached.