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

Why do you divide models in the denominator

ludmilkaskok [199]

Answer:

try using you tube to help you learn how to do this.

Step-by-step explanation:

8 0

3 years ago

the original cost of an item is $64 but u have to pay $78.08. what is the markup of the item (as percent)

8_murik_8 [283]

(new - original)/original = mark up

(78.08-64)/64= mark up

14.08/64 =mark up

.22 = mark up

multiply by 100 to get to a percent

mark up = 22 percent

8 0

4 years ago

Select all the correct answers.

Vlad1618 [11]

Answer:

The measure of reference angle is $30^{\circ}$ .
$\cos \theta=\frac{\sqrt{3}}{2}$

Step-by-step explanation:

Converting $\theta$ to degrees,

$\theta=\left(\frac{11\pi}{6} \right) \left(\frac{180}{\pi} \right)=330^{\circ}$

This means $\theta$ lies in Quadrant 4, and thus its reference angle is $360^{\circ}-330^{\circ}=\boxed{30^{\circ}}$

Since $\theta$ lies in the fourth quadrant, $\sin \theta$ and $\tan \theta$ are negative.

Since $\theta$ lies in the fourth quadrant, $\cos \theta$ is positive, and is equal to $\cos (30^{\circ})=\boxed{\frac{\sqrt{3}}{2}}$

3 0

2 years ago

At a department store, a coat that normally sells for $50 is on sale for $35. What is the percent decrease in the cost?

velikii [3]

Answer:

50÷35=15%

Step-by-step explanation:

7 0

4 years ago

What is the answer to b

Savatey [412]

4x4+7x2+30
16+14=30
YOUR WELCOME!

4 0

3 years ago

Read 2 more answers