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aleksandr82 [10.1K]
3 years ago
7

I need help I’m stuck

Mathematics
1 answer:
natima [27]3 years ago
3 0
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Please I need help and thx<br>please show how you did it
rosijanka [135]

Answer:

1.) 9.2

2.)

625

633

the dealer

8.81

Step-by-step explanation:

I'm gonna assume that cm= compounded monthly

1.)

effective rate: .153/12= .01275

x= payments

2590.67=300*\frac{1-(1+.01275)^{-x}}{.01275}\\.110103476=1-1.01275^{-x}\\.889896525=1.01275^{-x}\\\log_{1.01275}.889896525=-x\\x=9.207

2.)

If there is no interest rate attached to financing through the deal the payment is just

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The monthly payment from the bank has a present value of 37500-3000=34500

and the effective rate is .039/12= .00325

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Finally, the amount we save is just the difference

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