How much will Molly’s monthly payment be using the Bankrate calculator?.
1 answer:
Molly’s monthly payment by using the Bankrate calculator is $286 per month.
It is given that
The downpayment Molly has = $2500.
Interest rate APR = 1.9%
Cash allowance by dealer = $500
Selling price = $25,495
Loan tenure N= 7 years
Amount of loan needed = 25495-2500-500 = $22495
<h3>What is Equated monthly payment(EMI)?</h3>An equated monthly installment (EMI) is a set monthly payment provided by a borrower to a creditor on a set day, each month.
The EMI or monthly payment will be calculated by the following formula,
Put APR =0.019(decimal value of APR)
N = 7
EMI = $286 per month.
Therefore, Molly’s monthly payment by using the Bankrate calculator is $286 per month.
To get more about EMI visit:
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Answer:
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Step-by-step explanation:
Given:
An equilateral triangle has all sides equal.
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NR is perpendicular bisector to MO such that
.NR ⊥ Bisector.
To Find:
Height of the triangle = NR = ?
Solution :
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Answer:
True
Step-by-step explanation:
The least total cost method is the method in which the total cost of the ordering cost and the total carrying cost is equal among various lot size available.
The order quantity should be choose when the total ordering cost and the total carrying cost equal to each other
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a. The computation of the economic order quantity is shown below:
It is always be expressed in units
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