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nadezda [96]
3 years ago
5

Can someone please help me .. will mark brainliest !

Mathematics
1 answer:
Oxana [17]3 years ago
6 0

Answer:

a

Step-by-step explanation:

i don't really know just Draco told me i should answer this

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You want to buy a new sports car from roy's cars for $51,800. the contract is in the form of a 48-month annuity due at an apr of
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The present value of an annuity is given by

PV= P\left(\frac{1-\left(1+ \frac{r}{t}\right)^{-nt} }{ \frac{r}{t} } \right)

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Thus, given that PV = $51,800; r = 7.8% = 0.078; t = 12; n = 4.

51,800= P\left(\frac{1-\left(1+ \frac{0.078}{12}\right)^{-4\times12} }{ \frac{0.078}{12} } \right) \\  \\ =P\left(\frac{1-(1+ 0.0065)^{-48} }{ 0.0065 } \right)=P\left(\frac{1-(1.0065)^{-48} }{ 0.0065 } \right) \\  \\ =P\left(\frac{1-0.7327}{ 0.0065 } \right)=P\left(\frac{0.2673}{ 0.0065 } \right)=41.12P \\  \\ \Rightarrow P= \frac{51,800}{41.12} =\$1,259.73

Therefore, the <span>monthly payment is $1,259.73</span>
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Step-by-step explanation:

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3 years ago
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Inga [223]
I just guessed and it is 108
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