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swat32
3 years ago
14

Louisa wants to purchase a used SUV that costs $12,750 from an automobile superstore. She has $4,000 to make a down payment and

must finance the remaining amount. Her credit union has approved her car loan application for 36 months at 2.9%. The superstore will offer financing to her for 48 months at 1.9%. Calculate the monthly payment for each loan. Credit Union $_ (Cost of Vehicle) – $_ (down payment) = $_ (amount financed) $_ (amount financed) × (_ rate ÷ _ months in a year) = $_ (finance variable) $_ (finance variable) ÷ (1 – (1 + _ rate ÷ _ number of months in a year)^-36) = $_ (payment). The monthly payment for the loan from the credit union would be $_. Auto Superstore $_ (amount financed) × (_ rate ÷ _ number of months in a year) = $_ (finance variable) $_ (finance variable) ÷ (1 – (1 + _ rate ÷ _ number of months in a year)^-48) = $_ payment. The monthly payment for the loan from the superstore would be $_. Louisa wants to purchase a used SUV that costs $12,750 from an automobile superstore. She has $4,000 to make a down payment and must finance the remaining amount. Her credit union has approved her car loan application for 36 months at 2.9%. The superstore will offer financing to her for 48 months at 1.9%. Calculate the monthly payment for each loan. Credit Union $ 1062.5Incorrect. (Cost of Vehicle) – $ ________Incorrect. (down payment) = $ ________Incorrect. (amount financed) $ ________Incorrect. (amount financed) × ( ________Incorrect. rate ÷ ________Incorrect. months in a year) = $ ________Incorrect. (finance variable) $ ________Incorrect. (finance variable) ÷ (1 – (1 + ________Incorrect. rate ÷ ________Incorrect. number of months in a year)^-36) = $ ________Incorrect. (payment). The monthly payment for the loan from the credit union would be $ ________Incorrect.. Auto Superstore $ ________Incorrect. (amount financed) × ( ________Incorrect. rate ÷ ________Incorrect. number of months in a year) = $ ________Incorrect. (finance variable) $ ________Incorrect. (finance variable) ÷ (1 – (1 + ________Incorrect. rate ÷ ________Incorrect. number of months in a year)^-48) = $ ________Incorrect. payment. The monthly payment for the loan from the superstore would be $ ________Incorrect..
Computers and Technology
1 answer:
liq [111]3 years ago
4 0

Answer:

its a numbre

Explanation:

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