Suppose you can afford only $200 a month in car payments and your best loan option is a 60-month loan at 3%. how much money could you spend on a car?
that is, calculate the present value of the loan with these conditions.

  $11,130.47

Step-by-step explanation:

The amortization formula can be used. It tells you the monthly payment amount A for some principal P, interest rate r, and n payments.

  A = P(r/12)/(1 -(1 +r/12)^(-n))

Filling in your values, we get ...

  200 = P(.03/12)/(1 -(1 +.03/12)^-60) = P(.0025)/(1 -1.0025^-60)

  P = 200(1 -1.0025^-60)/.0025 ≈ 200×55.6523577

  P ≈ 11,130.47

The present value of the loan is $11,130.47.

g = (2, 2)

step-by-step explanation:

given the ratio is 1 : 1 then f is the midpoint of eg

let the coordinates of g = (x, y)

using the midpoint formula

(0 + x) = 1 ( multiply both sides by 2 )

0 + x = 2 ⇒ x = 2

similarly

(4 + y) = 3 ( multiply both sides by 2 )

4 + y = 6 ( subtract 4 from both sides )

y = 2

coordinates of g = (2, 2)