z2233 z2233
  • 10-02-2024
  • Mathematics
contestada

HELPPPPPPPPPPPPPPPPP!!!!

HELPPPPPPPPPPPPPPPPP class=

Respuesta :

Kitmir Kitmir
  • 10-02-2024

Answer:

$289.71

Step-by-step explanation:

I can help you with that. The question in the picture is about calculating monthly payments for a $16,000 car loan with a 3.2% annual interest rate, compounded monthly, for 5 years (60 months). Using the formula for calculating monthly payments on a compound interest loan, I get the following answer:

[M ≈ $289.71]

So, the monthly payments would be approximately $289.71. I hope this helps.

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