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jahnoibenjamin
23.10.2020 •
Mathematics
Question 2! Need help please
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Ответ:
Ответ:
(C)![\$506.18](/tpl/images/0627/8734/cb542.png)
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}](/tpl/images/0627/8734/bc5fe.png)
Time =5 Years
Number of Periods, n=5 X 12=60 Months