The cash price of the car includes the amount of the loan plus the amount of the down payment
Cash price=the loan of the car+down payment
First find the amount of the loan by using the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv the amount of the loan ?
PMT payment per month 355
R interest rate 0.071
K compounded monthly 12
N time 5years
Pv=355×((1−(1+0.071÷12)^(−12
×5))÷(0.071÷12))
=17,885.56
Cash price=17,885.56+2,500
=20,385.56....answer
Answer:
gram
Step-by-step explanation:
You just have to think what is 40% of 100 which is 40 then multiply 40 2 times to find out the answer four 40% of 200 when you do 40x2 it =80 so the answer is 80
It is not likely because it is less then 50% which 50 is half and 25% is 1/4 chance.
