Ashley is buying a car and needs to take out a loan for \$16,500$16,500. The bank is offering an annual interest rate of 6.3%, compounded monthly, for a 6 year loan. Using the formula below, determine her monthly payment, to the nearest dollar.

24056

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 6.3/100

r = 0.063 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 16,500.00(1 + 0.063/12)(12)(6)

A = 16,500.00(1 + 0.00525)(72)

A = $24,055.69

Rounded = 24056

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $16,500.00 at a rate of 6.3% per year compounded 12 times per year over 6 years is $24,055.69.

the camry sales+accord sale=828,000. to make it so the two numbers are 18 thousand apart and still equal 828,000, you first need to find out what half of 828,000 is. 828,000/2=414,000. for the two numbers to equal 828,000, you have to add the same amount as you subtract from the middle. in this case, the number is 9,000 because it's half of 18,000. to equal 828,000, you have to add 9,000 to 414,000 for the camry and subtract 9,000 from 414,000 for the accord. 414,000+9,000=423,000.

414,000-9,000=405,000.

423,000+405,000=828,000.

423,000-405,000=18,

hope it

step-by-step explanation: