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Determine the monthly payment for a $30000 car with no downpayment, using 12% annual financing for a period of 5 years. Pmt= P *r/ (1-1.r^-t) Be sure to adjust r to monthly and t to months. One. .12 C1

Determine the monthly payment for a $30000 car with no downpayment, using 12% annual financing for a period of 5 years. Pmt= P *r/ (1-1.r^-t) Be sure to adjust r to monthly and t to months. One. .12 C1

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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U Lyčle Beginning balance is $2000. Annual rate is 24%, which comes to 2% a month... TUrchases are $145 this month. Minimum payment is $100 a month. Determine the ending balance. 2000 145 2045.2 = One. Determine the monthly payment for a $30000 car with no downpayment, using 12% annual financing for a period of 5 years. Pmt= P *r/(1-1.r^-t) Be sure to adjust r to monthly and t to months. 12 L 112 anc is $2000. Annual rate is 24%, which comes to 2% a month
Transcribed Image Text:U Lyčle Beginning balance is $2000. Annual rate is 24%, which comes to 2% a month... TUrchases are $145 this month. Minimum payment is $100 a month. Determine the ending balance. 2000 145 2045.2 = One. Determine the monthly payment for a $30000 car with no downpayment, using 12% annual financing for a period of 5 years. Pmt= P *r/(1-1.r^-t) Be sure to adjust r to monthly and t to months. 12 L 112 anc is $2000. Annual rate is 24%, which comes to 2% a month
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