Andrea is buying a car for $21,450 she will finance $16,450 of it with a 5 year loan at 2.9% apr what will her monthly auto paym
ent be?
A)$294.85
B)$363.38
C) 477.66
D)$706.32
A)$294.85
B)$363.38
C) 477.66
D)$706.32
1 answer:
Answer:
Option A- 294.85
Step-by-step explanation:
Given : Andrea is buying a car for $21,450 she will finance $16,450 of it with a 5 year loan at 2.9% APR.
To find : The monthly auto payment.
Solution : From the table we get that monthly car loan payment per $1000 borrowed when interest rate is 2.9% on a 60 month loan is
Monthly car loan payment per $1000 borrowed is $17.924
Per $1000 the finance is
Monthly payment = Monthly car loan × Finance
Therefore, Option A is correct.
The Monthly payment is $294.85.
You might be interested in
Answer:
The surface area of the prism is 276 in.²
If you are also looking for the volume of the prism, it is 280.
Step-by-step explanation:
It's hard to find the surface area and the volume of the prism if you're just looking at the net of the 3D shape. There are some unnecessary measurements that will definitely throw you off. I drew a sample prism so it's easier to solve. Check the linked image.
The formula in finding the surface area of a prism is SA = 2(wl + hl + hw), where w is for width, l is for length, and h is for height. The point of all of these calculations is to find the area of 3 different faces of the prism and then you add up all of the areas and multiply the sum by 2 to give you the surface area. Looks a lot but it's worth getting the answer right.
The formula in finding the volume of the prism is V = w * h * l, where w is for width, h is for height, and l is for length. Simple multiplication of 3 different sides and you'll get the volume. I hope this helps and if I am wrong please let me know! :D
