2 years ago

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Mathematics

1 answer:

Shkiper50 [21]2 years ago

5 0

Answer:

Step-by-step explanation:

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An article which cost money 150 was sold at a loss of 5%.what was the selling price?

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You purchase a car worth $25077 and make a down payment of $3560. You intend to repay the balance of the car with month end car

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Answer:

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Step-by-step explanation:

given data

car worth = $25077

down payment = $3560

monthly payment = $336 = 336 × 6 = $2016 per semi annually

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value of final buyout

solution

we know here loan amount will be 25077 - 3560 = $21517

and we find present value first by formula that is

present value = $\frac{amount(1+r)^t - 1}{r (1+r)^t}$

put here t = 10 and r = $\frac{4.04}{200}$

present value = $\frac{2016(1+\frac{4.04}{200})^10 - 1}{r (1+\frac{4.04}{200})^10}$

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loan unpaid amount is here

loan unpaid amount = 21517 - 18089.96

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