Seudónimo Seudónimo
  • 21-03-2017
  • Mathematics
contestada

Amount Financed (m) = $500 Number of Payments per year (y) = 12 Number of Payments (n) = 12 APR (I) = 17%

c = $

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 21-03-2017
(0.17×500×13)÷(2×12)
=46.04
Answer Link
erolkayacan
erolkayacan erolkayacan
  • 13-01-2020

Answer:

The answer is 45.6$

Step-by-step explanation:

First we need to find monthly interest:

i=I/12=%1.4

The formula for the monthly payment:

[tex]c=m*(i*(1+i)^{12}/((1+i)^{12}-1))[/tex]

Where:

m=500

i=%1.4

c=45.6$

Answer Link

Otras preguntas

What are combinations of numbers and operations.
What three elements are likely to be found in a sample of soil and rocks?
The largest side of a triangle is six more units than the smallest side.  The third side is twice the smallest side.  If the perimeter of the triangle is 25 uni
what was the effect when the english settlers were willing to fight for the land they wanted?
Is 10/9 closest to 0, 1/2 or 1? Explain Is 2/15 closest to 0, 1/2 or 1? Explain
What are three examples of cash transfer?
put 983 in scientific notation.
A passenger walks toward the rear of a moving train. Describe her motion as seen from a reference point on the train. Then describe it from a reference point on
What are three examples of cash transfer?
Describe how an organism becomes a fossil? HELP ME!!!!!!!!!!!