Automotive Excellence Inc. borrowed $20,000.00 on April 8 with an interest rate of 9.1% per annum. On June 17, $6000.00 was repaid, and on August 9, $5500.00 was repaid Automotive Excellence paid the balance of the loan on December 1. What was the final payment? HOCH The final payment was (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 3 Automotive Excellence Inc borrowed $20,000 00 on April 8 with an interest rate of 9.1% per annum On June 17, $6000.00 was repaid, and on August 9, $6600 00 was repaid Automotive Excellence paid the balance of the loan on December 1. What was the final payment? CTTTD The final payment was s ▲ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
Automotive Excellence Inc. borrowed $20,000.00 on April 8 with an interest rate of 9.1% per annum. On June 17, $6000.00 was repaid, and on August 9, $5500.00 was repaid Automotive Excellence paid the balance of the loan on December 1. What was the final payment? HOCH The final payment was (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 3 Automotive Excellence Inc borrowed $20,000 00 on April 8 with an interest rate of 9.1% per annum On June 17, $6000.00 was repaid, and on August 9, $6600 00 was repaid Automotive Excellence paid the balance of the loan on December 1. What was the final payment? CTTTD The final payment was s ▲ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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Transcribed Image Text:Automotive Excellence Inc. borrowed $20,000.00 on April 8 with an interest rate of 9.1% per annum. On June 17, $6000.00
was repaid, and on August 9, $5500.00 was repaid Automotive Excellence paid the balance of the loan on December 1. What
was the final payment? HOCH The final payment was (Round the final answer to the nearest cent as needed. Round all
intermediate values to six decimal places as needed.)
Ĵ
Automotive Excellence Inc borrowed $20,000 00 on April 8 with an interest rate of 9.1% per annum On June 17, $6000.00 was repaid, and on August 9, $6600 00 was repaid
Automotive Excellence paid the balance of the loan on December 1. What was the final payment?
CTTTD
The final payment was s
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
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