4. A car dealer offers a compact sedan for 36 monthly payments of $447.59 at 9.5% interest, compounded monthly. What is the cost of the car for a customer paying cash at the time of purchase? a. $15 879.59 b. $13 592.80 C. $13 972.80 d. $13 475.82 5 Christonber in
4. A car dealer offers a compact sedan for 36 monthly payments of $447.59 at 9.5% interest, compounded monthly. What is the cost of the car for a customer paying cash at the time of purchase? a. $15 879.59 b. $13 592.80 C. $13 972.80 d. $13 475.82 5 Christonber in
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
Section: Chapter Questions
Problem 2TU: If the annual percentage rate is 8% and the interest is compounded monthly, what is the amount owed...
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