an auto dealer offers a compact car, a midsize, a sport utility vehicle, and a light truck, each either in standard, custom, or sport styling, a choice of manual or automatic transmission, and a selection from 7 colors. How many ways of buying a vehicle from this dealer are there?

168

Step-by-step explanation:

First, let's count the types of selection:

We can select:

Type of car: a compact car, a midsize, a sport utility vehicle, and a light truck (4 options)

Pack: standard, custom, or sport styling, (3 options)

type of transmission: Manual or automatic (2 options)

Color: (7 options)

The total number of combinations is equal to the product of the number of options in each selection:

C = 4*3*2*7 = 168

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.