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Answer: $1067.45</h3>
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Work Shown:
L = 165000 = loan amount or amount financed
r = 0.06725 = annual interest rate in decimal form
i = r/12 = 0.06725/12 = 0.005604167
i = 0.005604167 = approximate monthly interest rate in decimal form
n = number of months = 30*12 = 360 months
P = unknown monthly payment
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Apply the monthly payment formula
P = (L*i)/( 1-(1+i)^(-n) )
P = (165000*0.005604167)/(1-(1+0.005604167)^(-360))
P = 1067.44636311118
P = 1067.45
The answer is 942.05. You get it by multiplying the two numbers together which should give you the product of 942.0483, since the 0 is not the number 5 or more ( which is the rule to round to a higher number) then you go to the hundredths place value which will be underlined for you... 942.0<u>4</u>83 and look to the right and since 8 is higher than 5, you change the four to a five, thus giving you your answer 942.05
10 / (2/5)...when dividing with fractions, flip what u r dividing by, then multiply
10 * 5/2 = 50/2 = 25...so there are 25 of them
if only i knew I would love to help you sorry