Answer:
2369.86
Step-by-step explanation:
f(36)=3700(1−0.06) ^36/5
2369.857704098921
<span>Multiply the number in the tens place of the bottom number by the number in hundreds place of the top number. Multiply 3 times 7 to equal 21. Add the 1 you carried to equal 22. You don't need to carry the 2 in 22, as there are no more numbers to multiply on this line, so you can just write it down next to the 6.</span>
Answer
6.9473
Step-by-step explanation:
A) The amount financed is the purchase amount less the down payment.
$2,574.54 -574.54 = $2000.00
B) The finance charge is the total of payments less the amount financed.
18*$121.00 -2000.00 = $178.00
C) The APR is calculated by a financial calculator to be 10.96%.
If one addend is negative, you basically subtract it from the other number
-13 + 13 basically equals 13 - 13 =0