We know that we have to m<span>ake a down payment of $1500 and finance the rest of $20000 at a 1.9% interest rate, making equal monthly payments for 5 years. Our first step to solve this problem would be to convert 5 years into months.
1 year = 12 months
12 * 5 = 60 months
Therefore, in 5 years there are 60 months.
Now lets solve this problem step by step.
Subtract the down payment from $20,000
</span>$20000-$1500=$18500
Multiply the remaining number by the interest rate.
$18500 *1.9 = $35150
Divide 35150 by number of months in 5 years (60)
$35150 / 60 = $585
<span>Therefore, you have to pay $585 per month.</span>
Answer:
16(1/4x-1/2)>24-2x
Use the distributive property on the left side:
4x -8 > 24-2x
Add 2x to each side:
6x -8 > 24
Add 8 to each side:
6x >32
Divide both sides by 6:
x > 32/6 reduces to 16/3
If this is helpful plz mark brainliest
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Answer: $3,166
Step-by-step explanation:
