Mathematics, 18.10.2020 16:01, YoVeoAnime
Auto loans are amortized installment loans, so once the terms of your loan are set, your payments should stay the same month after month. Assume you are taking a $20,000 car loan, for a term of 48 months, with an interest rate of 3%. Use this calculator to answer the following questions.
1.What is your monthly payment?
2.Experiment with the values in the calculator to complete the chart. Use up or down arrows to indicate how the Action impacts the Monthly Payment and Total Cost of the Car Loan.
Action
Monthly Payment
Total Cost
of the Car Loan
Increase the amount of down payment
Secure a lower APR
Extend the term of your loan
Pay more than the minimum monthly bill
Answers: 1
Mathematics, 21.06.2019 13:30, hannahelisabeth19
One expression below in undefined, and the other expression has a well defined value. which expression is undefined and explain why it has no value. which expression is defined? what is the value of that expression and how do you know? what is a different expression using a trig inverse function that is also undefined?
Answers: 1
Mathematics, 21.06.2019 14:00, riptaylorsreputation
7x+8y=-18, 4x-9y=-3 solve the system of equations
Answers: 3
Auto loans are amortized installment loans, so once the terms of your loan are set, your payments sh...