Suppose that you borrow $15 comma 000 for five years at 6% toward the purchase of a car. use pmt equals to find the monthly payments and the total interest for the loan.

Monthly payments = $ 289.992

Total interest = $ 2399.520

Step-by-step explanation:

Given formula of monthly payments,

Where,

P = present value,

r = annual interest rate,

n = number of months in a year ( i.e. 12 months ),

t = number of years,

Here,

P = $ 15,000,

t = 5 years,

r = 6% = 0.06

Hence, the monthly payment would be,

Also, the total interest of the loan = monthly payment × number of months - present value of loan

= 289.992 × 60 - 15000

= $ 2399.520

they can both be solutions depends on the equation

step-by-step explanation:

what is the equation? ?

answer: a. 13/44

step-by-step explanation: judging by the information given to us, we are looking for experimental probability. we can see that 13 males have chosen chocolate ice cream. there are 44 ice creams in total (remember that the total is always the denominator). so our answer is 13/44.