The amount of repayment AT THE END of the first year does not reduce the interest on the loan for the first year.
The interest of 6% per annum compounded monthly
= 12500*[(1+(0.06/12))^12-1]
= 770.97 (to the nearest cent)
12+40+28+12= 92
40-12= 28
92+28= 120
28-12= 16
120+16= 136
P=136
14% of $15,500 is $2,170. $15,500 minus $2,170 is $13,330.
When the car is on sale, the price is reduced from $15,500 to $13,330.
To get from C(-1, 4) to C'(-3,0), we must subtract the x value by -2. This gets us -3 (-1-2=-3). To get from 4 to 0, we must subtract the y-values by 4. This gets us a translation of 2 left and 4 down or T₋₂,₋₄
