You have decided to buy a car and intend to finance $12,000 of the cost. As with many auto loans, you will be making equal monthly payments for 5 years (which is, incidentally, too long and will result in a lot of interest paid out). The APR is 17%, compounded monthly. What is the size of your monthly car payment

$298.23

Explanation:

To calculate this, the formula for calculating loan amortization is used as follows:

P = {A × [r(1 + r)^n]} ÷ {[(1 + r)^n] - 1} (1)

Where,

P = Monthly required payment = ?

A = Cost of the car = $12,000

r = monthly interest rate = 0.17/12 = 0.014167

n = number of payment period = 5 years = (5 × 12) months = 60 months

Substituting the values into equation (1), we have:

P = {12,000 × [0.014167(1 + 0.014167)^60]} ÷ {[(1 + 0.014167)^60] - 1} = $298.23

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

its kinda hard to answer this when we dont have all the information that we need.