Answer:
0.14 or 0.142
Step-by-step explanation:
Answer:
For a duration of 5 years, Monthly Payment =$600.42
For a duration of 6 years, Monthly Payment =$508.83
Step-by-step explanation:

where a= Amount to Finance=$33,000
Annual interest rate = 3.5%=0.035
r=Monthly Interest Rate= 0.035 ÷ 12 =
n=number of months to pay
For a duration of 5 years
n=5X12=60 months

For a duration of 6 years
n=6X12=72 months

Answer:
a = 4
Step-by-step explanation:
Given equation:
4a - 5 = 11
Add 5 to both sides:
⇒ 4a - 5 + 5 = 11 + 5
⇒ 4a = 16
Divide both sides by 4:
⇒ 4a ÷ 4 = 16 ÷ 4
⇒ a = 4