Mr=120 and ms=110 find mt

Bob Rohrman is offering a 2016 Toyota Camry for $29,000. If you have a $5,000 down payment and are able to borrow the rest at a

vova2212 [387]

Answer:

The monthly payment will be $531.12

Step-by-step explanation:

Consider the provided information.

After paying $5,000 down payment you need to pay:

$29,000-$5,000=$24,000

APR is 2.99% or APR = 0.299%

Therefore, $r=\frac{0.0299}{12}$

n = 48

We can calculate the monthly payment by using the formula:

$P=\frac{r(PV)}{1-(1+r)^{-n}}$

Where P is the monthly payment, PV is the present value, r is the rate per period and n is the number of period.

Substitute the respective values in the above formula we get,

$P=\frac{\frac{0.0299}{12}(24000)}{1-(1+\frac{0.0299}{12})^{-48}}$

$P=\frac{59.8}{0.112593}$

$P\approx531.12$

Hence, the monthly payment will be $531.12

4 0

1 year ago

Julio wants to break his school’s scoring record of 864 points during his 24-game basketball season. During the first 8 games of

Scilla [17]

Answer:

x≥38 points

Step-by-step explanation:

Julio wants to break his school’s scoring record of 864 points during his 24-game basketball season. During the first 8 games of the season, he scored a total of 256 points. Which inequality can be used to find x, the number of points Julio must average per game during the rest of the season to break the record?

julio has a 24 game basketball season.

he has played 8, it means there are 16 more games to go

therefore=

he has scored 256 nts, wic means there are still 608 points to go .

864-256=608

x is the points he more score per every game.

16x=608

to break the records ,he must score an extra point 1

so 16x≥608

x≥38

8 0

1 year ago