I have seen an example problem and see the formula they put into their calculator. But when I type it in my calculator I am not getting the right answer. Can you please help out with how i put it in the calculator

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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I have seen an example problem and see the formula they put into their calculator. But when I type it in my calculator I am not getting the right answer. Can you please help out with how i put it in the calculator

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O CONSUMER MATHEMATICS
Finding the down payment, loan amount, and monthly payment...
tandiss43@yahoo.c X
(a) Find the required down payment.
$0
(b) Find the amount of the auto loan.
$0
(c) Find the monthly payment.
$0
Explanation
-
Tab Window Help
Check
O
Miguel plans to buy a used truck that costs $20,000. The dealer requires a 20% down payment. The rest of the cost is financed with a 3-year, fixed-rate
amortized auto loan at 5% annual interest with monthly payments.
-
Complete the parts below. Do not round any intermediate computations. Round your final answers to the nearest cent if necessary. If necessary, refer to the
list of financial formulas.
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Transcribed Image Text:Chrome File Edit View History Bookmarks Profiles ← → C Yahoo Mail M Inbox (2) - cjohnsor X Homepage - MAT-1 x A ALEKS - Candace Jx b Success Confirmati X www-awu.aleks.com/alekscgi/x/Isl.exe/1o_u-IgNsIkasNW8D8A9PVVfh08cSwIMuwt718me-6P_GodLp1p2v4mMYbZoOfVNOJckx3mc6VAgtxcURKt9cLYECBGWj5q8... - Powered b... Login - Powered b... M Gmail Parkland Parkland Email 31 Rantoul City Scho... +In-the-Field Login O CONSUMER MATHEMATICS Finding the down payment, loan amount, and monthly payment... tandiss43@yahoo.c X (a) Find the required down payment. $0 (b) Find the amount of the auto loan. $0 (c) Find the monthly payment. $0 Explanation - Tab Window Help Check O Miguel plans to buy a used truck that costs $20,000. The dealer requires a 20% down payment. The rest of the cost is financed with a 3-year, fixed-rate amortized auto loan at 5% annual interest with monthly payments. - Complete the parts below. Do not round any intermediate computations. Round your final answers to the nearest cent if necessary. If necessary, refer to the list of financial formulas. JUN 29 X 5 EX GoGuardian Skyward Student Health & Human Se x ? W Math 0/5 Course Catalog - Pax + BIO BIO2 Wed Jun 29 8:41 PM ☆ Candace V Español Aa Ⓒ2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility G A & V : Other Bookmarks
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