CWD5150 CWD5150
  • 04-04-2017
  • Mathematics
contestada

What is the monthly payment for a loan if the amount financed is $12385, the APR is 6.9% for 5 years and the monthly payment per $100 is $2.24?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 04-04-2017
12385=X[(((1-(1+0.069/12)^(-12*5))/(0.069/12)]
Solve for x
X=244.65
Answer Link

Otras preguntas

How did the division of labor lead to the development of trade?
What are the ethical implications of online social media after someone has died?
Evaluate the expression |2x - 3| for x = -5 . 7 -7 13 -13
What was a response to the economic effects of Reconstruction in Georgia?
the density of Fe is 7.87 g/cm^3. how many atoms present per cubic centimeter of Fe
My mother spoke very harshly to me a. adverb c. pronoun b. adjective d. interjection
will upvote In a small city that developed along the Euphrates River following the Neolithic Revolution, people could find work as potters, weavers, and other
Which condition is a biotic factor of an aquarium ecosystem?A) Algae growing on the glass.B) Gravel on the bottom of the aquarium.C) Amount of oxygen in the wat
Which two statements provide examples of US intervention in Latin American affairs? A:The United States helped overthrow the leader of Chile. B:The United Sta
How do you solve shaded angles