Brainliest + points
calculate the monthly payment for a $10,000 auto loan over three y...
Mathematics, 31.01.2020 14:48 jenny00qq
Brainliest + points
calculate the monthly payment for a $10,000 auto loan over three years at 5% annual interest.
use the formula,
p = ar (1+r)^n/(1+r)^n-1
where a is the amount to finance, r is the monthly interest rate, and n is the number of months to pay.
a.
$241.73
b.
$299.71
c.
$353.48
d.
$397.42
Answers: 1
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