Mathematics, 13.08.2021 07:50, neariah24

= O CONSUMER MATHEMATICS
Finding the monthly payment, total payment, and interest for a...
Joe borrowed money from a bank to buy a fishing boat.
He took out a personal, amortized loan for $12,000, at an interest rate of 4.45%, with monthly payments for a term of 4 years.
For each part, do not round any intermediate computations and round your final answers to the nearest cent.
If necessary, refer to the list of financial formulas.
(a) Find Joe's monthly payment.
х
$
?
(b). If Joe pays the monthly payment each month for the full term,
find his total amount to repay the loan.
(c) If Joe pays the monthly payment each month for the full term,
find the total amount of interest he will pay.
Explanation
Check
2021 McGraw
LLC. All Rights Reserved. Terms of Us

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 15:00, estefanlionel8678

Which is the correct excel formula for the 80th percentile of a distribution that is n(475, 33)? =norm. dist(80,475,33,1) =norm. inv(0.80,475,33) =norm. s.inv((80-475)/33)?

Answers: 1

continue

Mathematics, 21.06.2019 20:40, maloynegen7681

Answer pls man im trying to get out of summer school

Answers: 1

continue

Mathematics, 21.06.2019 23:20, savannahvargas512

For which pairs of functions is (f•g)(x)=12x? f(x)=3-4x and g(x)=16x-3 f(x)=6x2 and g(x)= 2/x f(x)= and g(x) = 144x f(x)=4x and g(x) =3x

Answers: 1

continue

Mathematics, 22.06.2019 00:30, jamiej231984

Two cities a and b are 1400km apart and lie on the same n-s line. the latitude of city a is 23 degrees. what is the latitude of city b. the radius of the earth is approximately 6400km.

Answers: 3

continue

Do you know the correct answer?

= O CONSUMER MATHEMATICS
Finding the monthly payment, total payment, and interest for a...