Mrs. Behnke bought a new car. She financed $13,500 at 3.9% /a compounded monthly and chose to make monthly payments for 4 years. a) What amount does Mrs. Behnke pay per month? K 12 T /4 A 14 b) The dealership told Mrs. Behnke that her payments would be $321.89 per month for 48 months. If Mrs. Behnke didn't correct them, how much extra would she pay?
Mrs. Behnke bought a new car. She financed $13,500 at 3.9% /a compounded monthly and chose to make monthly payments for 4 years. a) What amount does Mrs. Behnke pay per month? K 12 T /4 A 14 b) The dealership told Mrs. Behnke that her payments would be $321.89 per month for 48 months. If Mrs. Behnke didn't correct them, how much extra would she pay?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
Related questions
Question
math 62
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning