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Answer:
2.01% for a down payment of $5000
5.49% for a down payment of 20%
Step-by-step explanation:
There is no formula for the APR of a loan, given its other parameters. The value must be found using iterative or graphical means. The attached shows a graphical solution for each of the two cases for a 4-year loan.
For 20% down payment, APR ≈ 5.49%
For $5,000 down payment, APR ≈ 2.01%
The result of simplifying the expression (x²/x⁻¹¹)¹/₃ using the exponent rules is (x¹³)
To solve this exercise we have to resolve algebraic operations following the exponent rules.
(x²/x⁻¹¹)¹/₃
Using the quotient rule that indicates that: the exponent result will be the subtraction of these exponents, we have:
(x⁽²⁻⁽⁻¹¹⁾)¹/₃
(x⁽²⁺¹¹⁾)¹/₃
(x¹³)¹/₃
Using the power of a power rule that indicates that: the exponent result will be the multiplication of these powers, we have:
x⁽¹³*¹/₃⁾
x⁽¹³/₃⁾
As we have a fractional exponent, you must convert the exponent to root:
(x¹³)
In mathematics an exponent is the number of time that a number, called (base) is multiplied by itself. It is also called, power or index.
Example: 3² = 3*3 = 9
Learn more about exponent at: brainly.com/question/847241
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