45. A young couple is purchasing a new sport utility vehicle. The price of the newvehicle is $28,300, sales tax is 7.5%, title and registration will cost $105. Thedealer is offering a special finance rate of 1.9% APR for 36 months (com-pounded monthly). The couple will pay $10,000 cash for a down payment.What will their monthly payments be?

Answered: 45. A young couple is purchasing a new…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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45. A young couple is purchasing a new sport utility vehicle. The vehicle is $28,300, sales tax is 7.5%, title and registration wi dealer is offering a special finance rate of 1.9% APR for 3 pounded monthly). The couple will pay $10,000 cash for a What will their monthly payments be?