SOLUTION: Amount Financed (m) = $1,750
Number of Payments per year (y) = 12
Number of Payments (n) = 36
Total Interest (c) = $300.00
Algebra.Com
Question 1110596: Amount Financed (m) = $1,750
Number of Payments per year (y) = 12
Number of Payments (n) = 36
Total Interest (c) = $300.00
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
OK, so what's the question?
Please repost.
RELATED QUESTIONS
Use the Amortization Formula to compute
a monthly car payment if L = $26,750 financed
(answered by lynnlo)
Calculate the amount financed, the finance charge, and the monthly payments (in $) for... (answered by Theo)
Calculate the amount financed, the finance charge, and the monthly payments (in $) for... (answered by Theo)
Calculate the missing information for the installment loan that is being paid off early.
(answered by ikleyn)
Find the monthly payment.
Amount financed:$15,600
Installment charge:$4,368
Number of... (answered by ikleyn)
John takes out a 6 year loan for $9300 at 12% interest compounded monthly. Calculate his... (answered by Boreal)
Sydney is buying a car and needs to take out a loan for
$
2
3
,
5
0
0
$23,500.... (answered by ikleyn)
You are due to receive 3 payments(one per year)which you can invest in an account that... (answered by MathLover1)
If i purchase a car for 22395.00 interest rate is 4.09% what is the amount of payments... (answered by CubeyThePenguin,ikleyn)