Suppose that you decide to buy a car for $28,635, including taxes and license fees. You saved $7000 for a down P payment and can get a three-year car loan at 6.25%. Use PMT= the total interest for the loan. The monthly payment is $ (Round to the nearest cent as needed.) ... C [¹-(1+) nt] to find the monthly payment and
Suppose that you decide to buy a car for $28,635, including taxes and license fees. You saved $7000 for a down P payment and can get a three-year car loan at 6.25%. Use PMT= the total interest for the loan. The monthly payment is $ (Round to the nearest cent as needed.) ... C [¹-(1+) nt] to find the monthly payment and
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 54E
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4: Answer these questions below find the monthly payment and total interest for the loan
![Suppose that you decide to buy a car for $28,635, including taxes and license fees. You saved $7000 for a down
payment and can get a three-year car loan at 6.25%. Use PMT=
the total interest for the loan.
The monthly payment is $
(Round to the nearest cent as needed.)
DE
a
L
1
SC
||
...
W
✓
P
C
nt]
to find the monthly payment and
More
94°F
X
<
(8)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffebfc829-3adc-4601-a5b5-bd5b3e3c23b0%2Fc5237590-150a-4b59-bdd1-a88b3fa62fdc%2F2pljtbl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that you decide to buy a car for $28,635, including taxes and license fees. You saved $7000 for a down
payment and can get a three-year car loan at 6.25%. Use PMT=
the total interest for the loan.
The monthly payment is $
(Round to the nearest cent as needed.)
DE
a
L
1
SC
||
...
W
✓
P
C
nt]
to find the monthly payment and
More
94°F
X
<
(8)
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