What is the fraction 18/24 reduced to its lowest terms?
1 answer:
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Answer:
$32288.10
Step-by-step explanation:
Forrest purchased a car for $20,640.
He made a down payment of $2,440.
So, the remaining amount to pay $(20640 - 2440) = $18,200.
So, this amount will be paid by Forrest in an installment loan with an interest rate of 10.4%.
So, the price after interest after 5 years will be
dollars.
So, the total cost of the car after five years will be $(2440 + 29848.1) = $32288.10 (Answer)