1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stira [4]
3 years ago
10

Andrea is buying a car for $21,450 she will finance $16,450 of it with a 5 year loan at 2.9% apr what will her monthly auto paym

ent be?
a.$294.85b)$363.38c) 477.66d)$706.32
Mathematics
2 answers:
irakobra [83]3 years ago
8 0
The monthly payment is A. $294.85
rjkz [21]3 years ago
5 0

Answer:

The monthly payment is $294.85.

Step-by-step explanation:

Given : Andrea is buying a car for $21,450 she will finance $16,450 of it with a 5 year loan at 2.9% APR.  

To find : What will her monthly auto payment be?

Solution :

Formula of monthly payment

Monthly payment, M=\frac{\text{Amount}}{\text{Discount factor}}

Discount factor D=\frac{1-(1+i)^{-n}}{i}

Where, Amount = $16,450

Rate r= 2.9%=0.029

i=\frac{0.029}{12}=0.002416

Time = 5 years  

n=5\times12=60

Now, put all the values we get,

D=\frac{1-(1+i)^{-n}}{i}

D=\frac{1-(1+0.002416)^{-60}}{0.002416}

D=\frac{1-(1.002416)^{-60}}{0.002416}

D=\frac{1-0.865}{0.002416}

D=\frac{0.135}{0.002416}

D=55.87

Monthly payment, M=\frac{\text{Amount}}{\text{Discount factor}}

M=\frac{16450}{55.87}

M=294.85

Therefore, Option A is correct.

The monthly payment is $294.85.

You might be interested in
Can somebody please help me with this question
aleksandr82 [10.1K]

Answer:

An event can have a probability of 3/2  is not true

Step-by-step explanation:

The probability of an event happening is between 0 and 1 inclusive.

A probability of 1 means the event is certain to happen or 100%

You cannot have a probability greater than 1 so

An event can have a probability of 3/2 cannot happen

4 0
3 years ago
Cindi is planting a rectangular flower bed with 40 orange flower and 28 yellow flowers. She wants to plant them so that each row
Vilka [71]

Answer: 17 rows, 7 of yellow flowers and 10 of orange flowers.

Step-by-step explanation:

We have 40 orange flowers

we have 28 yellow flowers.

The total number of flowers is 40 + 28= 68

Now, we want to find the maximal comon factor between 28 and 40 (that will be the number of flowers in each row)

for this, we took the smallest number and find its factors, and then we see if those factors are also of the greater number.

28/1 = 28 ----> 40/28 is not integer, so 28 is not a factor of 40.

28/2 = 14 ----> 40/14 is not integer, so 14 is not a factor of 40.

28/3 is not integer.

28/4 = 7 ----> 40/7 is not integer, so 7 is not a factor of 40.

28/5 is not integer.

28/6 is not integer.

28/7 = 4, 40/4 = 10, so 4 is a factor of both 28 and 40.

Then the maximum number of flowers that we can put in each row is 4.

this means that we have:

28/4 = 7 rows of yellow flowers (with 4 flowers each)

40/4 = 10 rows of orange flowers (with 4 flowers each)

a total of 17 rows.

3 0
3 years ago
K - 263.48 = 381.09 solve this equation
Sedbober [7]
K-263.48=381.09
we add 263.48 on both sides
k=644.57
7 0
4 years ago
Read 2 more answers
Roll a die. Spin a spinner. How many outcomes are there?
natali 33 [55]
I got 10! [_-_]-{-_-}-(_-_)
7 0
3 years ago
The probability that a given urine sample analyzed in a pathology lab contains protein is 0.73 (event A). The probability that t
Sholpan [36]
Event\ A\ and\ event\ B\ are\  independent\\\\ \ \Leftrightarrow\ \ \ \ P(A\ \cap\ B)=P(A)\ \cdot\ P(B)\\---------------------\\\\P(A)=0.78\ \ \ and\ \ \ P(B)=0.58\ \ \ and\ \ \ P(A\ \cap\ B)=0.58\\\\P(A)\cdot P(B)=0.78\cdot0.58\  \neq \ 0.58\\\\\Rightarrow\ \ \ Event\ A\ and\ event\ B\ are\  dependent\ \ \ \Rightarrow\ \ \ Ans.\ (?)
5 0
3 years ago
Other questions:
  • Write and solve an equation to find the value of each variable
    7·1 answer
  • Is 4x a mathematical sentence ?
    15·2 answers
  • A school creates a histogram representing the individual travel times for students riding the bus to school. The histogram is ri
    13·2 answers
  • 21.60 divided by 1.35 is what?
    15·2 answers
  • Please answer the attached question.
    5·1 answer
  • Is my answer right ? <br><br><br> Pls answer me. <br><br><br> Graphing in slope-intercept form.
    12·1 answer
  • A fish in an aquarium is 4ft long. A scale model of the fish is 2in long. What is the scale factor
    6·1 answer
  • Help please !!!!!!!!!!!!!!!!!!!
    15·2 answers
  • Which expression is equivalent to<br> (3/2p+1)(1/2p+3)
    7·1 answer
  • Identify a rational number among the following numbers :<br> 2 + √2, 2√2, 0 and π
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!