Chris Evans drives 300 miles per week in his Honda Civic that gets 22 miles per gallon of gas. He is considering buying a new fuel-efficient car for $20,000 (after trade-in of your Honda Civic)
that gets 50 miles per gallon. Insurance premiums for the new car and old care are $900 and
$500 per year respectively. If he decides to keep his car, he will need to spend $1200 on repairs
per year. Assume gas costs $3.50 per gallon over a 5-year period.

what is the cost of the old car?

what is the cost of the new car?

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

c. side angle side. u shares the same sides

your answer   is c

step-by-step explanation: