Car Loan Assume you can afford to use 7% of your monthly gross income towards your monthly car payment. The terms of the loan are 3.25% APR for 5 years.
What is the highest price car you can afford based on the information above? Be sure to show and explain the Excel formula you used.
What is the highest-priced car the high school graduate can afford based on the same information? Be sure to show and explain the Excel formula you used.
Use an absolute or relative change statement to compare the highest-priced car of the high school graduate and yourself.

answer   download the app called socratic on your phoner:

step-by-step explanation:

y = 2x

step-by-step explanation:

if you divide each number in the sequence, you'll see that they all have a multiple factor of 2. each number in the series, and any other numbers which may continue, will be multiplied by 2. therefore, y is the next number in the sequence, and x is the current one, so, our formula will be y = 2x.

c

step-by-step explanation:

there is vertical asymptote at x = 2 and x = 0

vertical asymptote occurs at the points where the denominator is 0. so we can say that

x = 2 occurs when there is a factor (x-2) in the denominator, and

x = 0 occurs when there is a factor "x" in the denominator

thus, the denominator of the equation would have "x * (x-2)", this is option c only. that's the correct answer.

x =-.20752

step-by-step explanation:

4^(x+2)=12

4^(x+2)=12

take the log base 4 on each side

log 4 (4^(x+2) = log 4(12)

we know log b(a^y) = y log b (a)

(x+2) log 4(4) = log 4 (12)

x+2 = log 4 (12)

we know   logb c = loga c/loga b

we want to convert to base 10   so a = 10

by default, we do not write the 10   c = 4   and b = 10

log4 10 = log 12/log 4

log4 10 = log 12/ log 4

x+2 = log 12/ log 4

subtract 2 from each side

x +2 -2 = log 12/ log 4 -2

x = 1.79248125 -2

x =-.20752