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.
1 answer:
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
So in this problem we need to do some addition. take the starting balance (-200) and add it to the amount you paid back (30) -200 + 30 = -170
Answer:
-3.274
Step-by-step explanation:
attached
Hopes this helps
{please mark me brainiest}
Kevin would be 14 and Benjamin would be 10
30%. 6 nickels equal 30 pennies, and 100 pennies make up a dollar. 30/100 = 30%.
Answer:
i cant sseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Step-by-step explanation:
the picture