todd bought a new car and financed for 48 months. the total cost of the car was $15,432.96. How much todds monthly car payment b
2 answers:
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1. Using "exact" interest, your charge will be
.. I = Prt
.. I = $855.28*0.154*(31/365)
.. I = $11.19
2. It will take 52.01 months to pay off the loan.
3. Your payment on 15,250 for 4 years will be $363.41. The effective interest rate that payment represents on a loan of $15,000 is 7.604%
4. Todd's monthly payments will be $409.06, so his total outlay will be
.. tax+license + down payment + loan repayment
.. = 1200 +1000 +48*409.06
.. ≈ $21,835
.. I = Prt
.. I = $855.28*0.154*(31/365)
.. I = $11.19
2. It will take 52.01 months to pay off the loan.
3. Your payment on 15,250 for 4 years will be $363.41. The effective interest rate that payment represents on a loan of $15,000 is 7.604%
4. Todd's monthly payments will be $409.06, so his total outlay will be
.. tax+license + down payment + loan repayment
.. = 1200 +1000 +48*409.06
.. ≈ $21,835
Answer:
(a) The slope of f(x) is greater than the slope of g(x)
(b) f(x) has a greater y intercept
Step-by-step explanation:
Given
Solving (a): Compare the slopes
The slope (m) of f(x) is calculated as;
This gives:
Substitute values for f(0) and f(1)
The slope of g(x) can be gotten using the following comparison
So:
Solving (b): Compare the y intercept
y intercept is when
From the table of f(x)
From the equation of g(x)
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