1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Inessa05 [86]
3 years ago
10

Caleb bought a car for $6,900. He agreed on a five-year loan at a 5.4% interest rate. Calculate what Caleb's monthly payments wi

ll be.
Mathematics
1 answer:
ExtremeBDS [4]3 years ago
8 0
P =AD,

P = Monthly payment
A = Cost of the car
D = [R/12]/[1-(1+R/12)^-12n], where R = Annual interest = 5.4% = 0.054, n = Number years = 5
Therefore,
D = [0.054/12]/[1-(1+0.054/12)^-12*5] = 0.019055

And,
P = 6,900*0.019055 = $131.48

Monthly payment will be $131.48.
You might be interested in
Simplify the following polynomial and write the answer in standard form. (9-2x^3+5^2-4x+5) - (-2x^3+2x-3)
pogonyaev
If I am reading the question correctly it would come out to -6x+42  First do all the addition and squaring, then factor in that negative.  You come out to -2x^3 +2x^3-4x-2x+25+5+9+3.  The x^3's cancel, the -x's add to -6x, then all that other adds to 42.
7 0
3 years ago
Read 2 more answers
What's the answer for it??
Murljashka [212]
I believe the answer is D.
5 0
3 years ago
Read 2 more answers
Whats ,, 5x-2x-7y+8x+y= ???​
Effectus [21]

Answer:

11x - 6y

<h2>Hope it helps you!!</h2>
7 0
3 years ago
What is the approximate estimation for 29.942 + 13.433
Nana76 [90]

Answer:

the answer would be it is approximately <u>4</u><u>3</u><u>.</u><u>8</u><u>5</u>

<u>(</u><u>did </u><u>addition</u><u>)</u>

6 0
3 years ago
Read 2 more answers
The sum of 3 consecutive
Troyanec [42]
The three numbers are 52, 53, 54.

52+53=105 105+54=159
7 0
2 years ago
Read 2 more answers
Other questions:
  • An elliptical cylinder is sliced by a plane, as shown in the figure. Among the four given two-dimensional shapes, shape
    8·2 answers
  • Simplify -|-5 + 2|. 10 points! thank you
    11·1 answer
  • What is the larger unit for 377 When You count from 368 to 500
    8·1 answer
  • Bradley and his family drove to visit a museum. They drove 9/25 of the way and stopped for gasoline. Write the fraction of the d
    5·2 answers
  • MP bisects ∠BMS. If m∠BMP = 2x + 9 and m∠BMS = 7x – 3, find the value of m∠PMS
    9·1 answer
  • Estimate the product 33.6 x 82.1
    15·1 answer
  • Help please I need help
    14·2 answers
  • 3(1/2)+y= -8<br><br> What is Y?<br> Please show it step by step
    7·2 answers
  • Denver gets 5/19 of the dog food.
    8·1 answer
  • I really need help i keep getting confused
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!