11. Say that you (or your parents) are purchasing a new car for $22,358. The sales tax is 6.45%, the down payment is 10% of the total cost, and you have a
poor credit score. What is the lowest amount of interest you could pay at the end of the first month?
Credit
Excellent
Good
Average
Fair
Secured
APR (%)
4.75
5.00
5.85
6.40
7.50
Unsecured
APR (%)
5.50
5.90
6.75
7.25
Poor
8.40

b

step-by-step explanation:

calculate the scale factor as the ratio of corresponding sides, image to original, that is

scale factor = = = = 1

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step-by-step explanation:

what are you trying find out?

step-by-step explanation:

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.