Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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- Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7% toward the purchase of a car. Find the monthly payments and the total interest for the loan. A.$281; $13,488 B.$239; $1472 C.$624; $19,952 D.$239; $11,472arrow_forwardJoshua received a $30,100 loan from a bank that was charging interest at 4.50% compounded semi-annually. a. How much does he need to pay at the end of every 6 months to settle the loan in 6 years? $0.00 Round to the nearest cent b. What was the amount of interest charged on the loan over the 6-year period? $0.00 Round to the nearest cent 个arrow_forwardCalculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) if the amount financed is 18,200 number of payments are 72 and monthly payment is 424.08 Sloving for finance charge and aprarrow_forward
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