1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katen-ka-za [31]
2 years ago
8

Suppose you are looking at a car priced at $8500. You have two payment options, Option 1 is to take a loan at 6.8% APR and pay i

t off over 36 months. Option 2 is to pay a 15% down payment and then take the same 6.8% APR loan over 36 months. At first glance, it may seem as though there's not much of a difference between the two options.
how much per month is option one, and 2?​
Mathematics
1 answer:
Umnica [9.8K]2 years ago
5 0

Answer:

  • $378.25 and $321.51

Step-by-step explanation:

<h3>Option 1</h3>

<u>Total payment</u>

  • $8500 + 6.8 for 36 month =
  • $8500*1.068*1.5 =
  • $13617

<u>Monthly payment</u>

  • $13617/36 = $378.25
<h3>Option 2</h3>

<u>Down payment</u>

  • 15% of $8500 = $8500*0.15 = $1275

<u>Amount of loan </u>

  • $8500 - $1275 = $7225

<u>Total payment</u>

  • $7225 + 6.8 for 36 month =
  • $7225*1.068*1.5 =
  • $11574.45

<u>Monthly payment</u>

  • $11574.45/36 = $321.51
You might be interested in
Lori is running in a marathon, which is 28.4 miles she ran 0.1 of it already. How far has Lori run?
hoa [83]
So she ran the 0.1 of the 28.4
That is she ran 1% of 28.4 miles
0.1 * 28.4 is 2.84

Hope this helps :)
7 0
3 years ago
The number of peanuts in bags is normally distributed with a mean of 172.5 peanuts and a standard deviation of 1.9 peanuts.
ValentinkaMS [17]
-2.368 tell me if I’m wrong
5 0
2 years ago
HI! I HAVE A TEST ON MONDAY AND IM TRYING TO STUDY, IM KINDA STUCK ON HOW TO DO THIS PROBLEM..
sergij07 [2.7K]

Answer: See below

Step-by-step explanation:

number of yellow pieces/number of blue pieces

= 14/24

= 7/12 --> 7 to 12 --> 7:12

The ratio that represents the number of yellow pieces to the total number of pieces is part-to-whole

number of yellow pieces/total number of pieces

= 14/100

= 7/50 --> 7 to 50 --> 7:50

The ratio that represents the number of blue pieces to the total number of pieces is part-to-whole

= 24/100

= 6/25 --> 6 to 25 --> 6:25

8 0
2 years ago
The weights of 40 students were recorded. If the 75th percentile of
RUDIKE [14]
In the given question, there are numerous information's already provided. It is important to note then down first. With the help of those given information's the required answer can be easily reached.
Percentage of students that weighed 140 pounds = 75 percent
Then
Percentage of students that weighed more than 140 pounds = (100 - 75) percent
                                                                                                  = 25 percent
Total number of students that were weighed = 40 students
Total number of students that weighed more than 140 pounds = (25/100) * 40
                                                                                                    = (40/4) students
                                                                                                    = 10 students
So the number of students that weighed more than 140 pounds is 10. So the correct option in regards to the given question is option "1".
7 0
3 years ago
What is the surface area of the square pyramid represented by the net?
Dimas [21]

Answer:

<h2>7,938 Is the Area, do you need the perimiter?</h2>

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • True or false????????????
    7·1 answer
  • Find a recursive formula for the sequence:<br><br> 3, -5, 11, -21
    15·1 answer
  • Two rectangles are similar. One has a length of 11 cm and a width of 10 cm, and the other has a width of 7 cm. Find the length o
    14·2 answers
  • A rectangular garden has length twice as great as its width. A second rectangular garden has the same width as the first garden
    14·1 answer
  • Either answer with explanation or give me the length from 0 to C with explanation please.
    12·1 answer
  • Write the decimals 0.0026 as a percent.
    7·1 answer
  • Solve the equation for 3x-y = -3
    6·1 answer
  • Factorisation de <br> 7x+7
    14·1 answer
  • Evaluate each expression if a = 6, b = 3, and c = 2.
    7·2 answers
  • Mathematics question
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!