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ddd [48]
3 years ago
9

Answer asap please ​

Mathematics
1 answer:
sergeinik [125]3 years ago
3 0

Answer:

t = 0

If the loan is to be paid in 0 months, the amount is very large

m = 50

Of the loan is to be paid in an indefinite amount of time, monthly payment would be 50

Step-by-step explanation:

(12000 + 600t)/12t

1000/t + 50

Asymptotes:

t = 0

If the loan is to be paid in 0 months, the amount is very large

m = 50

Of the loan is to be paid in an indefinite amount of time, monthly payment would be 50

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Divide the APR by 360 days and multiply it by 30 days to get the monthly interest. Each loan is usually secured by the car you bought. So we will use the secured APR.

8. Average rating secured apr: 5.85% divide by 360 multiply by 30:  0.4875% monthly rate
Cost of car: 19,725 ; sales tax: 4.75% ; down payment: 2,175

19,725 x 1.0475 =  20,661.94 - 2,175 = 18,486.94 loan amount
18,486.94 x 0.4875% = 90.12 accrued interest for the 1st month.

9. Excellent rating secured apr: 4.80% divide by 360 multiply by 30: 0.40% monthly rate
Cost of car: 15,867 ; sales tax: 5.25% ; down payment: 10% of total cost

15,867 x 1.0525 =  16,700.02 x 90% = 15,030.02 the principal balance at the start of the loan.

10. Fair rating secured apr: 7% divide by 360 multiply by 30: 0.5833% monthly rate
Cost of new car: 19,072 ; sales tax: 4.5% ; down payment: 1,200
Cost of used car: 15,365; sales tax: 4.5% ; down payment: 1,200

19,072 x 1.045 = 19,930.24 - 1,200 = 18,730.24
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14,856.43 x 0.5833% = 86.66 accrued interest

109.25 - 86.66 = 22.59 is the difference in interest accrued by the end of the first month.
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