We know that we have to m<span>ake a down payment of $1500 and finance the rest of $20000 at a 1.9% interest rate, making equal monthly payments for 5 years. Our first step to solve this problem would be to convert 5 years into months.
1 year = 12 months
12 * 5 = 60 months
Therefore, in 5 years there are 60 months.
Now lets solve this problem step by step.
Subtract the down payment from $20,000
</span>$20000-$1500=$18500
Multiply the remaining number by the interest rate.
$18500 *1.9 = $35150
Divide 35150 by number of months in 5 years (60)
$35150 / 60 = $585
<span>Therefore, you have to pay $585 per month.</span>
Answer:
Show the whole photo and you will maybe get help
Step-by-step explanation:
Although x ² and x both have the variable x, you can’t add them together. So x + x + x + x is 4x and we just leave x ² the same. So the simplified expression is x ² + 4x. I hope this helped!!
1-2m-5m=15
combine like terms
1 -7m = 15
subtract 1 from each side
1-1-7m = 15-1
simplify
-7m = 14
divide by -7
-7m/-7 = 14/-7
simplify
m = -2
