Monthly interest, i = APR/12 = 0.06/12 = 0.005
Monthly payment, A = $450
Period, n = 36 (months)
Future value of payment
= A((1+i)^n-1)/i
= 450((1.005^36-1)/0.005
= 17701.2472341
Future value of car
F = future value of payment + residual value
= 17701.2472341 + 20000
= 37701.2472341
Present value of car
= downpayment + present value of future payments
= 1500 + F/(1+i)^36
= 1500 + 37701.2472341/(1.005^36)
= 1500 + 31504.86
= 33004.86
Answer:
x intercept is 6/13
y intercept is -6
Step-by-step explanation:
x intercepted when y is zero.
y intecepted when x is zero...
Answer:
.95
Step-by-step explanation:
I believe the expression would be 7(g)+7
The answer is 5x because when you do the math 12 subtracted by 7 equals 5 then you add the x at the end.
