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iogann1982 [59]
3 years ago
9

PLS HELP ASAP

Mathematics
1 answer:
slega [8]3 years ago
6 0

Answer:

rn or later?

Step-by-step explanation:

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Step-by-step explanation:

cos C = adjacent side/ hypotenuse

cos C = 9/41


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Maria is buying a car for $18,510. She will finance $13,000 of it with a 3-year loan at 2.8% APR. What will her monthly auto pay
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<u>Answer-</u>

<em>Maria's monthly payment will be </em><em>$376.91</em><em> </em>

<u>Solution-</u>

Maria is buying a car worth of $18,510, but she will finance only $13,000 of it with a 3-year loan at 2.8% APR.

We know that,

\text{PV of annuity}=P[\dfrac{1-(1+r)^{-n}}{r}]

Here,

\text{PV of annuity=13000},\\\\\text{P=??},\\\\\text{r = 2.8\%\ annually}=\frac{2.8}{12}\text{\%\ monthly}\\\\\text{n=3 years=36 months}

Putting  the values,

\Rightarrow 13000=P[\dfrac{1-(1+\frac{2.8}{1200})^{-36}}{\frac{2.8}{1200}}]

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\Rightarrow P=\dfrac{13000}{34.4909}

\Rightarrow P=376.91

Therefore, her monthly payment will be $376.91

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The school board administered a math test to all students in grade 666 at High Achievers Charter School and determined that 15\%
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