<h2>First step/Equation</h2>
Answer:
$362.57
Step-by-step explanation:
A suitable calculator or finance app can find the monthly payment for you. This result comes from a TI-84 calculator.
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The second attachment shows the parameters of the payment function. With 20% down, Anthony is only financing 80% of the price of his car. Of course, there are 12 months in a year, so 4 years worth of payments will be 48 payments. The calculator uses negative values for amounts you pay.
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No doubt your reference material shows you a formula for computing loan payments. One such is ...
A = Pr/(1 -(1+r)^-n)
where r is the monthly interest rate, 0.068/12, and n is the number of payments, 48. The principal amount of the loan, P, will be 19,000×0.80. This formula gives the same result as that shown above and below
Answer:
x = -35
Step-by-step explanation:
I'm just gonna assume that 6/3 and 1/2 are fractions.
First you have to find common denominators for the fractions to be added.
The first common denominator divisible by both the denominators is 6.
So 2x3=6 and 1x3=3
and 3x2+6 and 6x2+12
so that would be 12/6 + 3/6
Then you would proceed to add both of the numerators together which are 12 and 3.
To get a total of 15/6. You can also simplify that into a mixed number 2 1/2.
