First step
12 x 1.3
Second step
15.6 x 7.5
The answer is 117 :)
Answer: don't know sorry
Step-by-step explanation:
We want to get x by itself
First we will multiply both sides by 6 to cancel out the 6 on the left
5x = 120
We then divide by 5 on both sides to get x by itself
x = 24
Answer:
I need to know what the question asks
Step-by-step explanation:
Answer:
value of buyout is $4185.74
Step-by-step explanation:
given data
car worth = $25077
down payment = $3560
monthly payment = $336 = 336 × 6 = $2016 per semi annually
time = 5 year = 10 half yearly
rate = 4.04 %
to find out
value of final buyout
solution
we know here loan amount will be 25077 - 3560 = $21517
and we find present value first by formula that is
present value = ![\frac{amount(1+r)^t - 1}{r (1+r)^t}](https://tex.z-dn.net/?f=%5Cfrac%7Bamount%281%2Br%29%5Et%20-%201%7D%7Br%20%281%2Br%29%5Et%7D)
put here t = 10 and r = ![\frac{4.04}{200}](https://tex.z-dn.net/?f=%5Cfrac%7B4.04%7D%7B200%7D)
so
present value = ![\frac{2016(1+\frac{4.04}{200})^10 - 1}{r (1+\frac{4.04}{200})^10}](https://tex.z-dn.net/?f=%5Cfrac%7B2016%281%2B%5Cfrac%7B4.04%7D%7B200%7D%29%5E10%20-%201%7D%7Br%20%281%2B%5Cfrac%7B4.04%7D%7B200%7D%29%5E10%7D)
present value = 18089.96
so
loan unpaid amount is here
loan unpaid amount = 21517 - 18089.96
loan unpaid amount = $3427.04
so
now we calculate value of buyout
that is express as
amount = principal × ![(1+r)^{t}](https://tex.z-dn.net/?f=%281%2Br%29%5E%7Bt%7D)
amount = 3427.04 × ![(1+\frac{4.04}{200})^{10}](https://tex.z-dn.net/?f=%281%2B%5Cfrac%7B4.04%7D%7B200%7D%29%5E%7B10%7D)
amount = 4185.74
so value of buyout is $4185.74