A woman purchases a car for $12,000. She pays $3,000 as a down payment and finances the remaining amount at 6% interest compounded monthly for 4 years. What is her monthly car payment? How much would she pay in interest altogether?
A woman purchases a car for $12,000. She pays $3,000 as a down payment and finances the remaining amount at 6% interest compounded monthly for 4 years. What is her monthly car payment? How much would she pay in interest altogether?
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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