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3 years ago

sarah is taking out 14000 four year new car loan with an apr of 6.75% what is the monthly payment for this loan

Mathematics

1 answer:

jeka57 [31]3 years ago

6 0

Answer:

Monthly payment = $18325.6

Step-by-step explanation:

From the question,

P = 14000

t = 4 years

R = 6.75%

To calculate the monthly payment for this loan, let's use the below formula

Amount = P( 1 + 6.75%/12)^4×12

Amount = 14000(1.005625)^48

Amount = 18325.633 dollars

Monthly payment = $18325.6

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$\pi {r}^{2}$
so you simply plug your value for radius into the equation!
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