We know that we have to m<span>ake a down payment of $1500 and finance the rest of $20000 at a 1.9% interest rate, making equal monthly payments for 5 years. Our first step to solve this problem would be to convert 5 years into months.
1 year = 12 months
12 * 5 = 60 months
Therefore, in 5 years there are 60 months.
Now lets solve this problem step by step.
Subtract the down payment from $20,000
</span>$20000-$1500=$18500
Multiply the remaining number by the interest rate.
$18500 *1.9 = $35150
Divide 35150 by number of months in 5 years (60)
$35150 / 60 = $585
<span>Therefore, you have to pay $585 per month. </span>
Answer:
30.9717685346
Step-by-step explanation:
Answer
c= 6
In the picture is how the solution was done
Answer:
C
Step-by-step explanation:
i took the test
Answer:
y=-2x-7
Step-by-step explanation:
y=-2x
y-y1=m(x-x1)
y-(-7)=-2(x-0)
y+7=-2(x)
y+7=-2x
y=-2x-7
