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yKpoI14uk [10]
3 years ago
11

1+1-2= please answer haha it's easy but i wanna give points only to those who need it ;)

Mathematics
2 answers:
tatyana61 [14]3 years ago
6 0

Answer:

Step-by-step explanation:

0

frosja888 [35]3 years ago
3 0

Answer:

0

Step-by-step explanation:

2-2=0

tnx fr the free points!!!

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Charlie cannot remember how much he financed to buy his car. He does remember that his monthly payment is $200. His add-on inter
Mazyrski [523]
First find the total payments
Total paid
200×30=6,000 (this is the future value)

Second use the formula of the future value of annuity ordinary to find the monthly payment.
The formula is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]
We need to solve for pmt
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]
PMT monthly payment?
Fv future value 6000
R interest rate 0.09
K compounded monthly 12
N=kt=12×(30months/12months)=30
PMT=6000÷(((1+0.09÷12)^(30)
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=179.09 (this is the monthly payment)

Now use the formula of the present value of annuity ordinary to find the amount of his loan.
The formula is
Pv=pmt [(1-(1+r/k)^(-n))÷(r/k)]
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R interest rate 0.09
N 30
K compounded monthly 12
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The answer is 4795.15
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