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Use the data from problem 4 to answer the following: a). If your monthly payment is $327.75, how much did you borrow? __________________ b). If your monthly payment is $470.25, how much did you borrow? __________________ c). How much is your monthly payment if you borrow $13,500? __________________ d). If you borrow $13,500, how much will you pay back, in total, for the loan? _________

Use the data from problem 4 to answer the following: a). If your monthly payment is $327.75, how much did you borrow? __________________ b). If your monthly payment is $470.25, how much did you borrow? __________________ c). How much is your monthly payment if you borrow $13,500? __________________ d). If you borrow $13,500, how much will you pay back, in total, for the loan? _________

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Use the data from problem 4 to answer the following:

a). If your monthly payment is $327.75, how much did you borrow? __________________

b). If your monthly payment is $470.25, how much did you borrow? __________________

c). How much is your monthly payment if you borrow $13,500? __________________

d). If you borrow $13,500, how much will you pay back, in total, for the loan? _________

4. A car dealership offers 1.7% financing toward the purchase of a certain model of car. The dealership's offer results in a monthly payment of $28.50 per $1,000 borrowed for 36 months. Complete the table below for the corresponding monthly payment. Amount Borrowed $1,000 $3,000 $5,000 $7,000 $9,000 $10,000 $15,000 Monthly Payment $28.50
Transcribed Image Text:4. A car dealership offers 1.7% financing toward the purchase of a certain model of car. The dealership's offer results in a monthly payment of $28.50 per $1,000 borrowed for 36 months. Complete the table below for the corresponding monthly payment. Amount Borrowed $1,000 $3,000 $5,000 $7,000 $9,000 $10,000 $15,000 Monthly Payment $28.50
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