1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serggg [28]
3 years ago
15

URGENT!! I NEED HELP ASAP NOT ROCKY

Mathematics
1 answer:
Anestetic [448]3 years ago
4 0

Answer:

  • $9000

Step-by-step explanation:

<u>Given</u>

  • Monthly payment P = $300
  • Time t = 3 years = 36 months
  • Number of payments n = 36
  • Interest rate r = 12% PA = 1% per month = 0.01 times

<u>Use loan payment formula:</u>

  • P = r(PV) / (1 - (1 + r)⁻ⁿ),
  • where P- monthly payment, PV - present value (amount of the loan), r -rate of interest, n- number of payments

<u>Substitute values and solve for PV:</u>

  • 300 = (0.01*PV) / (1 - (1 + 0.01)⁻³⁶)
  • PV = 300*(1 - 1.01⁻³⁶ )/ 0.01
  • PV = 9032.25 ≈ $9000 (rounded to the nearest hundred dollars)

You might be interested in
A clock shows 5:00. What time is it after the minute hand rotates 90 degrees?
masya89 [10]
5:15 Because Rotating 90 Degrees would be at the 3 so. 5:15

5 0
3 years ago
Read 2 more answers
3gal 3pt=pt<br><br><br>Someone please help
weeeeeb [17]
There are 4 quarts in a gallon and 2 pints in each quart

3 times 8 +3= 27 pints
3 0
3 years ago
Question 3 50 points
netineya [11]

Answer:

this is for homework not for test or quizzes

7 0
3 years ago
Convert 32505 into equivalent number with base 5​
velikii [3]

1s -0

5s- 1

25s- 0

125s- 0

625s- 2

3125s- 0

15625s- 2

2020010. I think this is right but would like so confirmation, just taught myself this!

6 0
3 years ago
At the end of school, Josh's teacher handed out 27 coupons for bowling during the summer to each student. The third week of
Zielflug [23.3K]

The answer would be 4 Coupons

5 0
3 years ago
Other questions:
  • How much time does it take for a bird flying at a speed of 45 kilometers per hours to travel a distance of 1,800 kilometers
    14·1 answer
  • Approximately 80,000 marriages took place in the state of New York last year. Estimate the probabilitythat for at least one of t
    5·1 answer
  • C. is this the transfer function of a causal system? justify your answer. 3. a circuit is shown below.
    9·1 answer
  • To plot the point (3,4) on a scatter plot, which of the following steps should you follow? move three places vertically and four
    8·1 answer
  • Can 2yards and 60 inches be expressed as a ratio if so express the ratio in simplest form
    6·1 answer
  • For f(x) = 0.01(2)x, find the average rate of change from x = 2 to x = 10. 1.275 8 10.2 10.24
    10·2 answers
  • I’ll cash app 20 and 50 points text me after you answer.
    15·2 answers
  • 1.99 ÷ 3 =
    12·2 answers
  • Write an inequality to describe the graph below ): tysm&lt;33​
    9·1 answer
  • The sum of 8n^2-3n+10 and -3n^2 -6n-7 is​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!