1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LiRa [457]
3 years ago
7

Your friend just purchased a new sports car for $32,000. He received $6,000 for his trade in and he used that money as a down pa

yment for the new sports car. He financed the vehicle at 6.76% APR over 48 months with a monthly payment of $619.15. Determine, from the given information, the finance charge.
Mathematics
1 answer:
valentinak56 [21]3 years ago
5 0
The solution to the problem is as follows:

let


R = $619.15 periodic payment


i = 0.0676/12 the rate per month


n = 48 periods


S = the future value of an ordinary annuity


S = R[((1 + i)^n - 1)/i]


S = 619.15*[(1 + 0.0676/12)^48 - 1)/(0.0676/12)]


S = $34,015.99

I hope my answer has come to your help. God bless and have a nice day ahead!



You might be interested in
Find the mean and median of these data: 2, 5, 9, 11, 17, 19.
Harrizon [31]
<span>data: 2, 5, 9, 11, 17, 19
</span>
median is the middle number
median = (9+11)/2 = 10

mean = average
mean = (2 + 5 + 9 + 11+  17 + 19)/6
mean = 63/6
mean = 10.5
6 0
3 years ago
At president Lincoln's inauguration in 1861, the newspaper headlines. stated there were about 30,000 people in attendance. if th
jek_recluse [69]
34,999 for the largest and 25,001 for the smallest, if you go to that 1 person extreme.
6 0
3 years ago
1,000 shoes. 20% of them are sneakers. 40% of those sneakers are red.
fenix001 [56]

20% of 1000 = 200

40% of 200 = 80

Therefore there are 80 red sneakers

Hope this helps :)

4 0
3 years ago
Read 2 more answers
Mr John leased two thousand fifty meter square of land from the city administration. He gave one eighth of his land to his broth
slamgirl [31]

Answer:

1793.75 m²

Step-by-step explanation:

Given that :

Total amount of land leased = 2050 m²

Fraction of land given to brother = 1/8

Amount of land given to brother :

1/8 * 2050 = 256.25 m²

Amount of land left :

2050 m² - 256.25 m²

= 1793.75 m²

8 0
3 years ago
Write an equation of the parabola with focus (0, -3) and vertex at the origin. Use z for the independent variable.
olchik [2.2K]

Answer:

z^2 = -12y

or y = -(z^2/12)

Step-by-step explanation:

Answer:

z^2 = -12y

Step-by-step explanation:

Given the vertex at origin;

This is same as (0,0)

The focus (0,-3)

The general form is;

(z-h)^2 = 4p(y-k)

(h,k) is the vertex (0,0); so h = 0 and k = 0

The focus is given as;

(h,k + p)

so ;

k + p = -3

but k =0

so p = -3

Thus, the equation of the parabola is;

(z-0)^2 = 4(-3)(y-0)

z^2 = -12y

4 0
3 years ago
Other questions:
  • Find local maximum minimum and saddle points f(x,y)=xy-2x-x^2
    9·1 answer
  • Write this number in standard notation. 4.702 x 10^–4
    12·2 answers
  • Val walks 2 3/5 miles each day . Bill returns 10 miles once every 4 days . In 4 days, who covers the greatest distance
    5·1 answer
  • What is the sum of 1.57 and 6.88? 7 tenths, 3 hundredths, and 5 thousandths 8 ones, 4 tenths, and 5 hundredths 5 ones, 4 tenths,
    7·2 answers
  • |-2x + 4| &gt; or equal to 4
    5·1 answer
  • Please help i know im asking too many question but i cant fail this<br><br>AND EXPLAIN UWU
    11·1 answer
  • Which of the following functions best describes this graph?
    8·1 answer
  • If the side lengths of a cube are 14 feet, what is the correct way to write the expression to represent the volume of the cube i
    7·1 answer
  • Please solve all 3<br><br> I need this quick
    11·1 answer
  • Find the slope of every line that is parallel to the line on the graph.​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!