The price of a car is $22,000. you have to save 20% of the price as a down payment after the down payment balance is financed with a 5-year loan with monthly payments at 8%.Determine the unpaid balance after three years. (Round to the nearest dollar)
The price of a car is $22,000. you have to save 20% of the price as a down payment after the down payment balance is financed with a 5-year loan with monthly payments at 8%.Determine the unpaid balance after three years. (Round to the nearest dollar)
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.1: Transforming Equations: Addition And Subtraction
Problem 1E
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The price of a car is $22,000. you have to save 20% of the price as a down payment after the down payment balance is financed with a 5-year loan with monthly payments at 8%.Determine the unpaid balance after three years. (Round to the nearest dollar)
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