Answer:
- 60-month financing period: Monthly payment = $608.29 = 608 dollars 29 cents
- 72-month financing period: Monthly payment = $526.00 = 526 dollars
Step-by-step explanation:
As she has already made the down payment of 25% (= $10,000), the principal amount of the loan is now $30,000.
The monthly payment is calculated such that at the end of the financing period (60/72 months), the principal amount must equal to 0. As such calculations are complicated and prone to errors if done manually, please see the attached Excel working file for the detailed calculations.
Answer:
(x - 4)
Step-by-step explanation:
Given x = a is a root then (x - a) is the corresponding factor
Given x = 4 is a root, then
(x - 4) ← is the corresponding factor
Note if x = - 4 is a root , then
(x - (- 4)), that is (x + 4) is the corresponding factor