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Ainat [17]
2 years ago
13

If A college student purchased a used car for $4000. He paid 8% down and then paid 18 monthly payments of $216.79. Determine the

APR of the loan to the nearest one-half of a percent.

Mathematics
1 answer:
horrorfan [7]2 years ago
7 0

There is no explicit formula for interest rate, so it must be found by some sort of solver. Here a TI-84 work-alike calculator financial app has been used to find the interest rate (APR) to be 7.5%.

The loan amount is 4000 less 8% of 4000, which is .08*4000 = 320. That is, the loan amount is 4000 -320 = 3680.

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3 years ago
The bar graph in the following graphic represents fictional net exports in billions of dollars for five countries. Net exports a
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Answer:

$80 billion

Step-by-step explanation:

From the graph, we have the following:

United\ States = -110

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Required

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The difference is calculated as thus:

Difference = Denmark - United\ States

This gives:

Difference = -30 - (-110)

Difference = -30 +110

Difference = 80

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andriy [413]

<u>A is the answer.  </u>(0,5) (2,20)

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8 0
3 years ago
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Which is the equation of the line with slope 3 that contains point (-1, 5)?
sattari [20]

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