Answer:
$7,778.35
Explanation:
At year 3, the final payment of the remaining balance is equal to the present worth P of the last three payments.
First, calculate the uniform payments A:
A = 12000(A/P, 4%, 5)
= 12000(0.2246) = 2695.2 (from the calculator)
Then take the last three payments as its own cash flow.
To calculate the new P:
P = 2695.2 + 2695.2(P/A, 4%, 2) = 2695.2 + 2695.2(1.886) = 7778.35
Therefore, the final payment is $7,778.35
All of the above. Answer.
Vibrations felt through the floor are due to unbalanced wheels. It would most likely be rear because if it’s the front the steering whee would also vibrate
