Suppose that you borrow $12,000 for three years at 5% toward the purchase of a car. Use PMT= to find the monthly payments and the total interest for the loan. .... The monthly payment is $ 359.64 (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is $947.04 (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.) PH) [1-(₁+) -nt
Suppose that you borrow $12,000 for three years at 5% toward the purchase of a car. Use PMT= to find the monthly payments and the total interest for the loan. .... The monthly payment is $ 359.64 (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is $947.04 (Use the answer from part (a) to find this answer. Round to the nearest cent as needed.) PH) [1-(₁+) -nt
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Suppose that you borrow $12,000 for three years at 5% toward the purchase of a car. Use PMT=
to find the monthly payments and the total interest for the loan.
....
The monthly payment is $ 359.64
(Do not round until the final answer. Then round to the nearest cent as needed.)
The total interest for the loan is $947.04
(Use the answer from part (a) to find this answer. Round to the nearest cent as needed.)
a
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1-
PA
-nt
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