Wade Ellis buys a new car for $16,183.11. He puts 10% down and obtains a simple interest amortized loan for the rest at 11 1/2% interest for four years. How do we find his monthly payment and total interest

If a new car was purchased for a cost of $16,183.11, and a down payment of 10% of the value was made, the initial payment was $1,618.31.

Thus, the remaining amount to be financed is $14,564.79. It will be financed in 4 years, at an annual interest rate of 11.5%, for four years. Thus, the total interest will be 46% (11.5 x 4), to be distributed among the 4 years of the financing. Then, the total amount to be paid will be $21,264.59, which will be paid in 48 equal monthly payments of $443.01 (21,264.59 / 48).

step-by-step explanation:

c.

step-by-step explanation:

because first you have to add the 4x, 9x, and the 7x together and you get 20x and then you add the last numbers up and you get 5and then you put the subtraction sign in there and that's how you get the answer.