nicoll4 nicoll4
  • 03-04-2017
  • Mathematics
contestada

Fritz benjamin buys a car costing $12300. He agrees to make payment at the end of each month period for 8 years. He pays 7.2% interest compounded monthly. what is the amount of each payment? find the total amount of interest fritz will pay?

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-04-2017
12300=X[((1-(1+(0.072/12)^(-12*8))/(0.072/12)]
Solve for x
X=168.92
Answer Link

Otras preguntas

can someone answer plz
A writer who offered depictions of immigrants in the Midwest.
A bus travels through the city and stops every mile. The first stop on the route is the 8th Avenue Coffee Shop, which is located 15 blocks east and 22 blocks no
What does the word kebyar mean? a. Interlocking b. Shimmering c. Ensemble d. Explosive
What is variation among members of different species called?
state four elements living things are made up of?
The city of Jerusalem is only important to the Jewish faith. Please select the best answer from the choices provided. T F
A cone has a radius of 5 inches and a height of 18 inches. What is the exact volume of the cone?
Why was the Mississippi River important to the United States in the late 1700s?
1. Use each of the following words in a sentence that demonstrates its meaning. a. mercenary b. recruit