Suppose that you decide to buy a car for $26,635, including taxes and license fees. You saved $5000 for a down payment and can get a five-year car loan at 6.54%. Use PMT = P ÞA n -nt [1-(1+1)] to find the monthly payment and the total interest for the loan. The monthly payment is $ (Round to the nearest cent as needed.)
Suppose that you decide to buy a car for $26,635, including taxes and license fees. You saved $5000 for a down payment and can get a five-year car loan at 6.54%. Use PMT = P ÞA n -nt [1-(1+1)] to find the monthly payment and the total interest for the loan. The monthly payment is $ (Round to the nearest cent as needed.)
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
Question
100%
The monthly payment is $
enter your response here.
(Round to the nearest cent as needed.)
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