Yvette purchased a car and she obtained an 7 year term loan with an annual interest rate of 3.44%.The balance after the 36th payment was $6,521.43 and the balance after the 37th payment was$6,151.8. What was Yvette's monthly payment?Round your answer to the nearest penny. Input only the number. Do not input the dollar sign. Donot use a comma. Example 423.61

Balance after 36th payment = 6521.43 Balance after 37th payment = 6151.8 For monthly payments…

Answered: What was Yvette's monthly payment?

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter3: Solving Equation And Problems

Section3.1: Transforming Equations: Addition And Subtraction

Problem 3E

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Similar questions

Car insurance Justin’s car insurance has a $750 deductible per incident. This means that he pays $750 and his insurance company will pay all costs beyond $750. If Justin files a claim for $2,100. how much will he pay? how much will his insurance company pay?
You accept a job with an annual income of $58,400 . This includes your salary and a $1200 year-end bonus. You are paid weekly. What is your salary per pay period?
Home insurance Armando’s home insurance has a $2,500 deductible per incident. This means that he pays $2,500 and the insurance company will pay all costs beyond $2,500. If Armando files a claim for $19,400. (a) how much will he pay? (b) how much will the insurance company pay?
Yvette purchased a car and she obtained an 7 year term loan with an annual interest rate of 3.69%. The balance after the 36th payment was $6524.71 and the balance after the 37th payment was $6,181.9. What was Yvette's monthly payment? Round your answer to the nearest penny. Input only the number. Do not input the dollar sign. Do not use a comma. Example 423.61
Mallory has a simple interest savings account that she initially deposited $2,300. What is the balance in her account after 25 months if the account paid an annual interest rate of 5.6% and the interest was deposited into the account monthly. Enter the dollar sign, followed by the dollar amount including any cents. Round your answer to the nearest cent. No space between the dollar sign and the number. Do not use a comma. Example: $3468.42 The simple interest balance function can be written in it's most general form: where P is the initial principal, r is the annual interest rate, n is the number of time units per year (days n=365, months n=12, years n=1) that the interest is deposited into the account, and t is the total number of time units (days, months, years)

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