Answer:
u=0.375
Step-by-step explanation:
First we can write the equation down, -6(-4u+4)-6u=2(u-5)-8. First what you want to do is distribute -6 to (4u+4) and 2 to (u-5). This would result in 24u-24-6u=2u-10-8. Next add up all like terms and you will get 18u-24=2u-18. Next you would want to add 24 on both sides so that you get 18u=2u+6 then subtract 2u from both sides to get 16u=6. You the divide 16 on both sides to get u=0.375.
None of the statements on that list is true.
Answer:
monthly payment is $377
C is the correct option.
Step-by-step explanation:
The formula for the monthly payment is given by

Given that,
P = $20,000
n = 5 years = 60 months
r = 0.05
Substituting these values in the formula

On simplifying, we get

Therefore, the monthly payment is $377
C is the correct option.