Olivia bought a used car for $15,500. She will be making a payment monthly for 4 years. The dealership is charging 5.1% per year compounded monthly. a) how much is each monthly payment b) how much interest will she have paid by the end?
Olivia bought a used car for $15,500. She will be making a payment monthly for 4 years. The dealership is charging 5.1% per year compounded monthly. a) how much is each monthly payment b) how much interest will she have paid by the end?
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...
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Olivia bought a used car for $15,500. She will be making a payment monthly for 4 years. The dealership is charging 5.1% per year compounded monthly.
a) how much is each monthly payment
b) how much interest will she have paid by the end?
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