You purchase a car worth $25077 and make a down payment of $3560. you intend to repay the balance of the car with month end car payments of $336 for 5 years and a final "buyout" at the end of 5 years. money can earn 4.04% compounded semi-annually, what is the value of your car loan repayments in terms of dollars in 5 years?

$18,089.96

Step-by-step explanation:

Given:

Worth of car = $25077

down payment = $3560

month end car payments = $336

Time period = 5 years

Interest rate, i = 4.04% compounded semi-annually

since, the interest is compounded semi-annually thus, the actual time period, n will be 5 × 2 = 10 fro semi annually

Total payment made semi annually, A = $336 × 6 = $2016

Now,

or

or

Thus,

The value of car loan payment is $18,089.96

answer: the answer is one of

step-by-step explanation:   we are given to write a proper fraction where the whole is divided into an even number of equal parts less than ten, and an odd number of those parts exist.

an even number less than 10 may be one of 2, 4, 6 or 8. so, the whole may be one of these four evens.

now, an odd number of these parts must exist, so the numerator must be an odd number, one of 1, 3, 5 or 7. it cannot be 9 because then the fraction will become improper.

thus, our fraction may be one of the following