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Bess [88]
3 years ago
7

Your friend just purchased a new hybrid for $25,236. She received $3,110 for her trade in and used that money as a down payment

for the new hybrid car. She financed the vehicle at 12% APR over 48 months. She received a stipend from school and paid off the loan after making 30 payments. Use the actuarial method formula and the table above to determine the amount of unearned interest given that her monthly payment is $582.74.
a.
$1,402.00
c.
$933.59
b.
$1,230.72
d.
$582.74

The answer is c
Mathematics
1 answer:
Anna007 [38]3 years ago
3 0
The answer will be C
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Step-by-step explanation:

According to the HL theorem if the hypotenuse and one leg of a right triangle are congruent to the hypotenuse and one leg of another right triangle then the triangles are congruent.

By using this theorem we can set up the system of equations as follows:

x=y+1 ...(1)

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Now we will plug the value y+1 of equation 1 in equation 2.

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