1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vredina [299]
3 years ago
8

Suppose you borrow 13,000 for four years at 7% toward the purchase of a car.

Mathematics
1 answer:
dangina [55]3 years ago
5 0
Amount borrowed, P = 13000
Interest, i = 0.07/12 per month
number of periods (months),  n = 4*12 = 48

Monthly payment, 
A=\frac{P(i*(1+i)^n)}{(1+i)^n-1}
=\frac{13000(.07/12*(1+.07/12)^{48}}{(1+.07/12)^{48}-1}
=311.30   (to the nearest cent)
You might be interested in
Can someone help me with this question me and my friends are fighting over it?
ki77a [65]
Okay so I am not 100% sure but I think it is C. 1/12;

Because if you rearrange all the letters so that W is is the beginning you get 6 different combinations.

Then I multiplied those 6 combinations by 4 because there are 4 letters.

Once I multiplied I got 2/24 because there are 24 possibilities in total, and we are looking for the probability of getting those 2 combinations.

I simplified 2/24 to its lowest form and I got 2/24 = 1/12.

So the correct answer is C.1/12, hope this helps!

- Alyssa T.
4 0
3 years ago
What is 3.4 times 16?
Maru [420]

Answer:

54.4

Step-by-step explanation:

3.4*16=54.4

5 0
3 years ago
Read 2 more answers
322 ÷ 14 using partial quotients
Nezavi [6.7K]
What exactly are partial quotients? Normal divisions says the answer is twenty three
5 0
3 years ago
Solve for x , (2x-1)=5(x+1)<br><br>no links​
kobusy [5.1K]

Answer:

x = -2

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Can someone help me and tell me how I got it wrong?<br>​
kramer

Answer:

You put i at the end.

Step-by-step explanation:

The correct answer is u^5 remove the i.

3 0
3 years ago
Read 2 more answers
Other questions:
  • If RT is a diameter of Q, Find m A.88°<br> B.89°<br> C.92°<br> D.101°
    15·1 answer
  • The formula for perimeter is p = 2 l + 2 w. If the perimeter p of a rectangle is 200 mm (millimeters) and the width w = 30 mm, w
    15·1 answer
  • Suppose you are testing The sample is large (n = 71) and the variance, σ2, is known. H0:μ=20 vs H1:μ&gt;20. (a) Find the critica
    8·1 answer
  • Jason wants to fill a cylindrical water tank to its full capacity. He knows that the volume of the tank is equal to the product
    9·1 answer
  • What is the base of a parallelogram if the height is 6 5/8 feet and area 26 1/2 square feet?​
    5·1 answer
  • Solve for x in 5x−19≤1 OR −4x+3&lt;−6
    11·2 answers
  • billy and bob picked mangoes from a tree in the ratio 3:5 respectively. if they collected 16 mangoes altogether then how many di
    10·1 answer
  • A graph shows the relationship between the height of a plant and the number of days. On which axis should the height of the plan
    12·1 answer
  • ANSWER AND STEPS PLEASE. HELP
    5·1 answer
  • which of the following and multiplying by 5 give the product of perfect cube 500/200 5,000 1 none of these​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!