subject
Mathematics, 18.03.2021 03:10 sydneip6174

4. Monty Ricker obtained a Payment
used car loan of $6,000.00
Amount for Amount for Balance
Number
Payment
Interest Principal $2,400.00
at 8% for 36 months. The
1 $414.00 $24.00 $390.00 $2,010.00
monthly payment is $187.80. 2 414.00 20.10
The balance of the loan after
3 414.00
12 payments is $4,159.90.
4 414.00
The balance after the 34th
5 414.00
payment is $380.60.
6
a. What is the interest for
the first payment?
b. What is the interest for the 13th payment?
c. Explain why the interest is so different for the
two payments.
d. What is the balance after the 35th payment?

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 19:30
It is saturday morning and jeremy has discovered he has a leak coming from the water heater in his attic. since plumbers charge extra to come out on the weekends, jeremy is planning to use buckets to catch the dripping water. he places a bucket under the drip and steps outside to walk the dog. in half an hour the bucket is 1/5 of the way full. what is the rate at which the water is leaking per hour?
Answers: 1
question
Mathematics, 21.06.2019 23:30
How do you find the distance of each number from the mean
Answers: 1
question
Mathematics, 21.06.2019 23:30
Sam opened a money-market account that pays 3% simple interest. he started the account with $7,000 and made no further deposits. when he closed the account, he had earned $420 in interest. how long did he keep his account open?
Answers: 1
question
Mathematics, 21.06.2019 23:50
The functions f(x) and g(x) are shown in the graph f(x)=x^2 what is g(x) ?
Answers: 2
You know the right answer?
4. Monty Ricker obtained a Payment
used car loan of $6,000.00
Amount for Amount for Bal...
Questions
question
Mathematics, 21.11.2020 01:00
question
Mathematics, 21.11.2020 01:00
question
Business, 21.11.2020 01:00
question
Arts, 21.11.2020 01:00
question
Mathematics, 21.11.2020 01:00
Questions on the website: 13722363