Monthly interest, i = APR/12 = 0.06/12 = 0.005
Monthly payment, A = $450
Period, n = 36 (months)
Future value of payment
= A((1+i)^n-1)/i
= 450((1.005^36-1)/0.005
= 17701.2472341
Future value of car
F = future value of payment + residual value
= 17701.2472341 + 20000
= 37701.2472341
Present value of car
= downpayment + present value of future payments
= 1500 + F/(1+i)^36
= 1500 + 37701.2472341/(1.005^36)
= 1500 + 31504.86
= 33004.86
Answer:
Option D
Step-by-step explanation:
We are given the two points of (5, 11) and (-5, -1).
Use the slope formula.
The correct option should be Option D.
Hope this helps you.
Answer:
yeah 13 is the right answerrrrr
Answer:
w = -3
Step-by-step explanation:
8w + 12 = -12
use inverse operations:
8w + 12 = -12
-12 -12
8w = -24
/8 /8
w = -3
