Computers and Technology, 21.02.2020 20:59 hannahdrees0731
Louisa wants to purchase a used SUV that costs $12,750 from an automobile superstore. She has $4,000 to make a down payment and must finance the remaining amount. Her credit union has approved her car loan application for 36 months at 2.9%. The superstore will offer financing to her for 48 months at 1.9%. Calculate the monthly payment for each loan. Credit Union $_ (Cost of Vehicle) – $_ (down payment) = $_ (amount financed) $_ (amount financed) × (_ rate ÷ _ months in a year) = $_ (finance variable) $_ (finance variable) ÷ (1 – (1 + _ rate ÷ _ number of months in a year)^-36) = $_ (payment). The monthly payment for the loan from the credit union would be $_. Auto Superstore $_ (amount financed) × (_ rate ÷ _ number of months in a year) = $_ (finance variable) $_ (finance variable) ÷ (1 – (1 + _ rate ÷ _ number of months in a year)^-48) = $_ payment. The monthly payment for the loan from the superstore would be $_. Louisa wants to purchase a used SUV that costs $12,750 from an automobile superstore. She has $4,000 to make a down payment and must finance the remaining amount. Her credit union has approved her car loan application for 36 months at 2.9%. The superstore will offer financing to her for 48 months at 1.9%. Calculate the monthly payment for each loan. Credit Union $ 1062.5Incorrect. (Cost of Vehicle) – $ Incorrect. (down payment) = $ Incorrect. (amount financed) $ Incorrect. (amount financed) × ( Incorrect. rate ÷ Incorrect. months in a year) = $ Incorrect. (finance variable) $ Incorrect. (finance variable) ÷ (1 – (1 + Incorrect. rate ÷ Incorrect. number of months in a year)^-36) = $ Incorrect. (payment). The monthly payment for the loan from the credit union would be $ Incorrect.. Auto Superstore $ Incorrect. (amount financed) × ( Incorrect. rate ÷ Incorrect. number of months in a year) = $ Incorrect. (finance variable) $ Incorrect. (finance variable) ÷ (1 – (1 + Incorrect. rate ÷ Incorrect. number of months in a year)^-48) = $ Incorrect. payment. The monthly payment for the loan from the superstore would be $ Incorrect..
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Louisa wants to purchase a used SUV that costs $12,750 from an automobile superstore. She has $4,000...
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