SOLUTION: A car dealer wants to sell you a car for $18000 financed at 5.6% for 5 years compounded monthly. Is it reasonable to acceptable his proposed monthly installment plan? Support answe

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: A car dealer wants to sell you a car for $18000 financed at 5.6% for 5 years compounded monthly. Is it reasonable to acceptable his proposed monthly installment plan? Support answe      Log On


   

Question 935106: A car dealer wants to sell you a car for $18000 financed at 5.6% for 5 years compounded monthly. Is it reasonable to acceptable his proposed monthly installment plan? Support answer by using appropriate formulas
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
"reasonable" is a matter of judgment, not a math term.