The quantity a lender costs a borrower and is a percent of the principal of the quantity loaned; is called as an interest rate. The total amount of interest she will pay is $418.68
<h3>What do you mean by interest on a loan?</h3>
A mortgage is normally mentioned on an annual foundation referred to as the once-a-year percent fee (APR). It is known as interest rate.
As per the information,
Costs = $10,000, Down payment is equal to $1,000; where PV is the amount owing = $9,000
Rate of interest is 3%, that is 3%/12 = 0.0025;
n is the number of periods = 3 x 12 = 36 months.
A) The dollar amount that Lindsay will need to finance is $9,000
B) Now, to calculate the installment amount to be paid that is P:
C)The actual cost of the car after financing = $1,000 + $261.63 x 36 = $10418.68
The total amount of interest she will pay = $10418.68 - $10,000 = $418.68
Learn more about interest rate here:
brainly.com/question/2151013
#SPJ1
<span>The person that is being described above is a
technical director. It Is someone who is responsible in a engineering firm or
company in the software category but they also resides in the theatrical
company in which they are responsible in the elements they are trying to show
on stage such as the sceneries and the platforms.</span>
Answer:marketing
Explanation:this is because restaurants spend millions of dollars on billboards and commercials