2 years ago

Helppppp plsss!!!!!!!!!!!

Mathematics

1 answer:

bagirrra123 [75]2 years ago

8 0

Answer:

22 inch is the diameter because d =2r

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A. What is the monthly payment for a<br>$3,200 five-year loan with an APR of 3%.

madreJ [45]

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$57.50

Step-by-step explanation:

we know that

The monthly loan payment formula is equal to

$M=\frac{P(\frac{r}{12})(1+\frac{r}{12})^{12t}}{(1+\frac{r}{12})^{12t}-1}$

where

M ----> is the monthly payment

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r ---> interest rate as decimal

t ---> length of the loan in years

we have

$t=5\ years\\ P=\$3,200\\ r=3\%=3/100=0.03$

substitute in the formula

$M=\frac{3,200(\frac{0.03}{12})(1+\frac{0.03}{12})^{12(5)}}{(1+\frac{0.03}{12})^{12(5)}-1}$

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