After making 21 payment of 625.78 on your car loan, you wanted to find out how much is left of your original 5 years loan at 5.2% compounded of 33000. What is the amount of the remaining balance of your car loan? (Round balance to the nearest cent.) The remaining balance of your car loan would be $|

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
icon
Related questions
Question
After making 21 payment of 625.78 on your car loan, you wanted to find out how much is left of your
original 5 years loan at 5.2% compounded of 33000. What is the amount of the remaining balance of your
car loan? (Round balance to the nearest cent.)
The remaining balance of your car loan would be $|
Enter an integer or decimal number [more 1
Transcribed Image Text:After making 21 payment of 625.78 on your car loan, you wanted to find out how much is left of your original 5 years loan at 5.2% compounded of 33000. What is the amount of the remaining balance of your car loan? (Round balance to the nearest cent.) The remaining balance of your car loan would be $| Enter an integer or decimal number [more 1
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL