All categories

3 years ago

$24,000 for new Honda, 2.75% interest rate for 4 years. What is the monthly payment? ( Explanation needed)

Mathematics

2 answers:

noname [10]3 years ago

7 0

2.75/100=0.0275
= 24000 x ( 1 + 0.0275 ) ^ 4= 26750.91
26750.91 - 24000 = 2750.90
i’m sorry if it’s wrong

Semenov [28]3 years ago

3 0

Answer:

(Use the attached formula)

24,000 for 4 years (48 months) at 2.75% interest

We divide rate by 1,200 which equals 0.0022916667

Monthly Payment = 0.0022916667 + {(0.0022916667 / [(1.0022916667)^48 -1]} * 24,000

Monthly Payment = 0.0022916667 + (0.0022916667 / (1.1161375981 -1) * 24,000

Monthly Payment = [0.0022916667 + (0.0022916667 / 0.1161375981 ] * 24,000

Monthly Payment = [0.0022916667 + 0.0197323411 ] *24,000

Monthly Payment = 0.0220240078 * 24,000

Monthly Payment = 528.5761872 = 528.58 (rounded)

Step-by-step explanation:

You might be interested in

What is the scale factor of the following dilation DO,K (9,6) → (3, 2)

Mars2501 [29]

(9,6)

-------- = (3,2)

This means that the dilation of (9, 6) to (3, 2) is (1/3(x), 1/3(y))

⭐ Answered by Hyperrspace (Ace) ⭐

⭐ Brainliest would be appreciated, I'm trying to reach genius! ⭐

⭐ If you have questions, leave a comment, I'm happy to help! ⭐

4 0

3 years ago

The community theater sold a total of 75 adult and student tickets. Each adult ticket cost $9.05, and each student ticket cost $

Savatey [412]

Answer:

I believe they sold 150 adult tickets 80 student tickets, and 48 children tickets

Step-by-step explanation:

3 0

3 years ago

Which expression or value is equivalent to (−3+5i)(−3−5i)?

zalisa [80]

Answer:

9-25i is equivalent to (−3+5i)(−3−5i)

8 0

2 years ago

Find the ratio of:<br> (a) 5 km to 400 m<br> (b) 2 hours to 160 minutes

aleksandr82 [10.1K]

Answer:

Answer - a) 1:80

b) 1:80

Step-by-step explanation:

All the ratio should be written in lowest form. these are the answers for both the questions.

Pls Mark Brainliest !!!!!!!!!!!!!!

6 0

2 years ago

Read 2 more answers

The burning time of a very large candle is normally distributed with mean of 2500 hours and standard deviation of 20 hours. Find

dezoksy [38]

Answer: C.-1.5

Step-by-step explanation:

Given: The burning time of a very large candle is normally distributed with mean $(\mu)$ of 2500 hours and standard deviation $(\sigma)$ of 20 hours.

Let X be a random variable that represent the burning time of a very large candle.

Formula: $Z=\dfrac{X-\mu}{\sigma}$

For X = 2470

$Z=\dfrac{2470-2500}{20}\\\\\Rightarrow\ Z=\dfrac{-30}{20}\\\\\Rightarrow\ Z=\dfrac{-3}{2}\\\\\Rightarrow\ Z=-1.5$

So, the z-score they corresponds to a lifespan of 2470 hours. =-1.5

Hence, the correct option is C.-1.5.

7 0

2 years ago