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?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
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...
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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?
Transcribed Image Text: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?
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