Answer:
Tax is 9.76 total cost is 131.74
Step-by-step explanation:
40.66 x 3= 121.98
121.98 x .08= 9.76
121.98+9.76= 131.74
Given:
PV = 13,440
i = 5.86% , compounded monthly
t = 4 years
13,440(0.0586/12))/(1-(1+0.0586/12)^-48= 15,109.44
15,109.44 + 156.60 = 15,266.04
15,266.04 - 13,440.00 = 1,826.04
<span>1,826.04/15,266.04 = 11.96 % Percentage total of Finance Charge of the total loa</span>
3^(4x) = 3^(5 - x)
4x = 5 - x
4x + x = 5
5x = 5
x = 5/5 = 1
x = 1
X = 28
you divide 112 by 4 to get 28
