Answer:
Yes you are correct
Step-by-step explanation:
Answer:
$48.54
Explanation:
We must express the interest rate on a monthly basis.
i = 8 %/yr = 0.6667 %/mo = 0.006 667
A = $4000
n = 120 mo





P = 48.531
The banks round up the numbers, so Seki’s monthly payment is $48.54.
All you have to do is multiply 84 by 25%
And that's your answer.
I hope this helped