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A man buys a car for $34,000. If the interest rate on the loan is 12%, compounded monthly, 45) and if he wants to make monthly payments of $600 for 48 months, how much must he put down? (Round your answer to the nearest cent.)

A man buys a car for $34,000. If the interest rate on the loan is 12%, compounded monthly, 45) and if he wants to make monthly payments of $600 for 48 months, how much must he put down? (Round your answer to the nearest cent.)

Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
8th Edition
ISBN:9781305652224
Author:Charles P. McKeague, Mark D. Turner
Publisher:Charles P. McKeague, Mark D. Turner
Chapter1: The Six Trigonometric Functions
Section: Chapter Questions
Problem 1RP: Although Pythagoras preceded William Shakespeare by 2,000 years, the philosophy of the Pythagoreans...
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answer is 11,215.62

< > e learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com + Bb 1 Yuzu Reader: CUSTOM: San Jacinto College Central SPCH 1321 Business & Professional Speech Communic. b My Questions | bartleby https://learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5d44406cac91b/274716827?X-BI. interest is earned at a rate of o 7o, Compoundea annually. (Kouna your answer to the nearest cent.) 42) The Weidmans want to save $35,000 in 4 years for a down payment on a house. If they make monthly deposits in an account paying 12%, compounded monthly, what is the size of the payments that are required to meet their goal? (Round your answer to the nearest cent.) 42) 43) Find the present value of an annuity of $7000 paid at the end of each 6-month period for 10 years if the interest rate is 8%, compounded semiannually. (Round your answer to the nearest cent.) 43) 44) Suppose a state lottery prize of $2 million is to be paid in 10 payments of $200,000 each at the end of each of the next 10 years. If money is worth 11%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.) 44) 45) A man buys a car for $34,000. If the interest rate on the loan is 12%, compounded monthly, and if he wants to make monthly payments of $600 for 48 months, how much must he put 45) down? (Round your answer to the nearest cent.) Find the probability. 46) When a single card is drawn from a well-shuffled 52-card deck, find the probability of getting a red card. 46) B) D) 2 52
Transcribed Image Text:< > e learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com + Bb 1 Yuzu Reader: CUSTOM: San Jacinto College Central SPCH 1321 Business & Professional Speech Communic. b My Questions | bartleby https://learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5d44406cac91b/274716827?X-BI. interest is earned at a rate of o 7o, Compoundea annually. (Kouna your answer to the nearest cent.) 42) The Weidmans want to save $35,000 in 4 years for a down payment on a house. If they make monthly deposits in an account paying 12%, compounded monthly, what is the size of the payments that are required to meet their goal? (Round your answer to the nearest cent.) 42) 43) Find the present value of an annuity of $7000 paid at the end of each 6-month period for 10 years if the interest rate is 8%, compounded semiannually. (Round your answer to the nearest cent.) 43) 44) Suppose a state lottery prize of $2 million is to be paid in 10 payments of $200,000 each at the end of each of the next 10 years. If money is worth 11%, compounded annually, what is the present value of the prize? (Round your answer to the nearest cent.) 44) 45) A man buys a car for $34,000. If the interest rate on the loan is 12%, compounded monthly, and if he wants to make monthly payments of $600 for 48 months, how much must he put 45) down? (Round your answer to the nearest cent.) Find the probability. 46) When a single card is drawn from a well-shuffled 52-card deck, find the probability of getting a red card. 46) B) D) 2 52
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