All categories

2 years ago

You purchase a used car for $6400, you put $1200 downm and have a monthly payment of $176.23 for 36 months

Mathematics

1 answer:

stepan [7]2 years ago

7 0

Answer:

The amount financed is $5,200

Step-by-step explanation:

Amount of finance is the price after making down payment being financed by a bank or institution or any individual to purchase an asset on some agreed terms.

Price of the car = $6,400

Down payment = $1,200

Amount financed = Purchase price - Down payment

PLacing values in the formula

Amount financed = $6,400 - $1,200

Amount financed = $5,200

Amount of finance is $5,200, Whereas total payments in 36 months are $6,344.28 against finance of $5,400 and the interest payment is $944.28 ( $6,344.28 - $5,400 ).

You might be interested in

Write an exponential function to describe the given sequence of numbers, assuming that the first number in the sequence correspo

Fantom [35]

Answer:

$y = 5(6) {}^{x}$

Step-by-step explanation:

A exponential function is represented by

$y = ab {}^{x}$

where a is the vertical stretch and b is the base and x is the nth

power of x

Since the first number corresponds with zero, that means our y intercept is the first number.

This means when x=0 , y=5 so let find the value of 5.

$5 = ab {}^{0}$

b to the 0th power equal 1 so

$5 = a \times 1$

$a = 5$

Our equation is for now

$y = 5b {}^{x}$

Now let plug in 1,30

$30 = 5b {}^{1}$

Divide 5 by both sides

$6 = b {}^{1}$

Anything to the 1st power is itself so b equal 6.

So our equation is

$y = 5(6) {}^{x}$

6 0

2 years ago

If the coefficient of determination for a data set containing 24 points is 0.5,

aleksandrvk [35]

Answer:

False

Step-by-step explanation:

False - one has nothing to do with the other. None of the data points can lie on the regression line,

and you can have the coeff. of determination be 0.5.

7 0

3 years ago

If fixed cost of 20 article is 500 and variable cost for each article is 40. Find the total cost function? Also ,find the total

Deffense [45]

Answer:

Cost function = 40a + 500

Cost of 90 articles = $4,100

Step-by-step explanation:

The fixed cost is $500 and it will.not change regardless of production level.

The Variable cost is $40 and increases by every additional unit produced.

Assume the number of articles produced is a.

Cost function would be:

Total cost = Variable cost * Number of articles + Fixed cost

TC = 40a + 500

Using this, the cost of 90 articles is:

= 40 * 90 + 500

= $4,100

6 0

3 years ago

Two values of x that are roots of xsquared+2x-6=0

xz_007 [3.2K]

The two values of x are

1.65 , -3.65

7 0

3 years ago

Read 2 more answers

Hello! I have an algebra 1 dba tomorrow (flvs). I am just a little nervous and want to be a little more prepared. Does anybody k

alexgriva [62]

Answer:

Step-by-step explanation:

Giving out answers for a free test is something wrong but something I can help is to go review or I can help you review because algebra 1 is one easy of a topic when you really hook yourself to it.

8 0

3 years ago

Read 2 more answers