Answer:
1= 8% 2= 0.08(55h) is the sales part.
Step-by-step explanation:
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
Here is the answer for math problem
Answer: It is B)
Step-by-step explanation: It was 8.66 something and that rounded to the nearest tenth is 8.7
1.595 to 2 decimal points is 1.60 because the second decimal place is nearest to 10.
