Lucy purchases a car for $16,314.40. If she makes a payment each month for the next 40 months, how much will she pay each month. (enter your answer as $dollars. cents)

$407.86

Step-by-step explanation:

16314.4 divided by 40

She will pay $407.86 each month

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.

so what is the problem what are they asking you to solve

step-by-step explanation:

so what is the problem what are they asking you to solve