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Ivenika [448]
2 years ago
15

Aiden can afford a $280-per-month car payment. If he is being offered a 4-year car loan with an APR of 1.8%, compounded monthly,

what is the value of the most expensive car he can afford?
A.13,439.51
B.13,390.73
C.12,958.20
D.13,435.06
Mathematics
1 answer:
brilliants [131]2 years ago
7 0
Use the formula of the present value of annuity ordinary.
The formula is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value?
PMT payment per month 280
R interest rate 0.018
k compounded monthly 12
T time 4years
Pv=280×((1−(1+0.018÷12)^(−12
×4))÷(0.018÷12))
=12,958.20

It's c
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6 0
2 years ago
$5000 was invested into an investment that pays 4.25% simple interest. The total value of the investment amounted to $6593.75. H
Basile [38]

Answer:

7.5 years

Step-by-step explanation:

P = $5000,

R = 4.25%,

A = $6593.75,

N =?

SI = A - P = 6593.75 - 5000 =$1593. 75

\because \: SI = \frac{ PNR}{100} \\  \\  \therefore \: 1593.75 =  \frac{5000 \times N \times 4.25}{100}  \\  \\  \therefore \: 1593.75 \times 100 = 21,250 \times N \\  \\ N =  \frac{159375}{21250}  \\  \\ N = 7.5 \: years \:

6 0
2 years ago
Which statement is true about the end behavior of the graphed function?
Tems11 [23]

Answer:

(SEE EXPLANATION FIRST)

Answer D is TRUE because on the graph if you were to keep going left even after the picture of the graph ends, the graph will still keep going up infinite

Step-by-step explanation:

If this is the graph you can read the answer

6 0
2 years ago
Read 2 more answers
3 A buoy is 30 feet from the shore. You swim 3/5 the way to the buoy. How much farther do you have to swim to reach the buoy?​
disa [49]

Answer:

12 feet

Step-by-step explanation:

30 divided by 5= 6

6 times 3= how far youve already swam(18 feet)

6 times 2= how far you have left(12 feet)

8 0
2 years ago
On a survey, 3 out of every 8 band members prefer listening to jazz music.
Vanyuwa [196]

Answer:

B.) 90

Step-by-step explanation:

Since the ratio is 3:8, the fraction would look something like the following.:

\frac{3}{8} =\frac{?}{240}

We know that there are 240 band members in this scenario. What do you multiply 8 by to get 240? 30.

\frac{3*30}{8*30} =\frac{90}{240}

8 0
2 years ago
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