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
AlladinOne [14]
2 years ago
5

1.Anthony has decided to purchase a $19,000 car. He plans to put 20% down toward the purchase and to finance the rest at a 6.8%

interest rate for 4 years. Find his monthly payment.
2.Find the total price Anthony paid for the vehicle.

Steps shown please.
Mathematics
1 answer:
Nikitich [7]2 years ago
3 0
<h2>First step/Equation</h2>

Answer:

 $362.57

Step-by-step explanation:

A suitable calculator or finance app can find the monthly payment for you. This result comes from a TI-84 calculator.

___

The second attachment shows the parameters of the payment function. With 20% down, Anthony is only financing 80% of the price of his car. Of course, there are 12 months in a year, so 4 years worth of payments will be 48 payments. The calculator uses negative values for amounts you pay.

___

No doubt your reference material shows you a formula for computing loan payments. One such is ...

 A = Pr/(1 -(1+r)^-n)

where r is the monthly interest rate, 0.068/12, and n is the number of payments, 48. The principal amount of the loan, P, will be 19,000×0.80. This formula gives the same result as that shown above and below

You might be interested in
Two consecutive whole numbers that square root of 21 lies between
irina [24]
4 and 5
_____________
7 0
2 years ago
I need help with this????
Mars2501 [29]

Answer:

A

Step-by-step explanation:

X is either larger than -1 or smaller than 3 which is demonstrated in the equation in option A

3 0
2 years ago
When are the sum, difference, product and quotient of two monomials also a monomial?
erastova [34]
Sum/Difference of 2 monomials is (in simplest terms) a monomial when the 2 monomials are 'like terms
3 0
2 years ago
Read 2 more answers
Five-sixths of the boats in the marina are white, 2 5 of the remaining boats are blue, and the rest are red. If there are 12 red
Inga [223]

Answer: There are 120 boats in the marina.

Step-by-step explanation:

Let's suppose that there are N boats

We know that 5/6 of them are white, then we have: (5/6)*N white boats.

The remaining is: N - (5/6)*N = (1/6)*N

We know that 2/5 of the remaining are blue, then we have:

(2/5)*(1/6)*N blue boats

And the rest are red, the rest is:

(1/6)*N - (2/5)*(1/6)*N = (3/5)*(1/6)*N

Then we have (3/5)*(1/6)*N red boats.

And we know that there are 12 red boats, then:

(3/5)*(1/6)*N = 12

Now we can solve this for N, which is the total number of boats in the marina.

N = 12*(6)*(5/3) = 120

There are 120 boats in the marina.

4 0
2 years ago
Help!! Number 39 please
antiseptic1488 [7]
Keep in mind you would need a total of 120 ounces.
A: Corn cereal comes in 12 oz boxes and the person used 5 boxes, thus taking 60 oz away from the total, leaving 60 oz. Next, you’d have to divide 60 oz by 4 (since that’s how many boxes of wheat cereal were used). Resulting in a wheat box being worth 15 ounces!!
B: 12c+ 15w= 120 (c= corn cereal, w= wheat cereal)
C: 5 boxes of corn cereal with 4 boxes of wheat cereal; 0 boxes of corn cereal with 8 boxes of wheat cereal; 10 boxes of corn cereal with 0 boxes of wheat cereal.
8 0
2 years ago
Read 2 more answers
Other questions:
  • Which expressions are equivalent to the one below? Check all that apply.
    10·1 answer
  • The current value of a baseball card is 50 times its original value v (in dollars). The baseball card is worth $62. Write and so
    13·1 answer
  • Marilyn and Tiara went for jogging every day. They increased the number of minutes of jogging every week as described below: Mar
    15·1 answer
  • 30 points (: marking brainly to the person that gets all 4 correct !!!
    14·2 answers
  • Select the equation of the line that passes through the point (5.7) and is perpendicular to the line x = 4.
    15·2 answers
  • Kaitien paid $71.50 for 5 movies tickets. What was the price of each ticket?
    12·1 answer
  • Tentukan hasil dari (2√3–5√7)(2√3–5√7)=<br> pakai cara
    7·1 answer
  • This is 7th grade math so pls answer asap<br><br><br>1: v/8=2<br><br>2:16=k/11<br><br>3:18+m=8
    13·1 answer
  • Solve the math problem
    12·2 answers
  • A chemical company makes two brands of antifreeze. The first brand is 40% pure antifreeze, and the second brand is 60% pure anti
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!