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Ответ:

bella7524

04.01.2023

Mathematics

Step-by-step explanation:

Manufacturer's Suggested Retail Price = $31,000

CashBack = $4500

Amount Financed = $31,000-4500 =$26500

Interest rate Per Annum =5.5%

Rate Per Period (Monthly), r $=\frac{5.5}{12}\%=\frac{0.055}{12}$

Time =5 Years

Number of Periods, n=5 X 12=60 Months

$Monthly \:Payment=\dfrac{rP}{1-(1+r)^{-n}}$

$=\dfrac{\frac{0.055}{12}*26500}{1-(1+\frac{0.055}{12})^{-60}}\\=\$506.18$

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