Question

I don’t get it I’ll give you all the points you want I just need these answers plss

Answer 1

Answer:

Price of the car or Principle amount= $33000

Rate of interest = 4% or 0.04

Interest = principle*rate*time

I = 33,000 x 0.04 x 4

I = $5280

So, total amount that will be payable after 4 will be = principle plus interest

So Let us assume that 4% rate is flat and this is not increasing or decreasing in 4 years. So, $38280 is to be paid in 60 months.

38280/60=638.00

Hence, the monthly payment will be $638.00

Answer 2

Answer:

$467,366.44 is the amount of money at the end of the 72 months, and $6491.20 should be the amount for the payments monthly.

Step-by-step explanation:

This is a compound interest problem, so use the formula for compound interest.  It should be provided for you.