Answer and working out attached below. Hope this helps.
Answer: A. 8.2cm
Step-by-step explanation:
Edg 2020
Answer:
5/7
Step-by-step explanation:
<u>Answer-</u>
<em>Maria's monthly payment will be </em><em>$376.91</em><em> </em>
<u>Solution-</u>
Maria is buying a car worth of $18,510, but she will finance only $13,000 of it with a 3-year loan at 2.8% APR.
We know that,
![\text{PV of annuity}=P[\dfrac{1-(1+r)^{-n}}{r}]](https://tex.z-dn.net/?f=%5Ctext%7BPV%20of%20annuity%7D%3DP%5B%5Cdfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D%5D)
Here,

Putting the values,
![\Rightarrow 13000=P[\dfrac{1-(1+\frac{2.8}{1200})^{-36}}{\frac{2.8}{1200}}]](https://tex.z-dn.net/?f=%5CRightarrow%2013000%3DP%5B%5Cdfrac%7B1-%281%2B%5Cfrac%7B2.8%7D%7B1200%7D%29%5E%7B-36%7D%7D%7B%5Cfrac%7B2.8%7D%7B1200%7D%7D%5D)



Therefore, her monthly payment will be $376.91
It’s one because all sides are one