Yak purchased a car for $22,601. He obtained a 6 year term loan at an interest rate of 4.16%.Using the following function to calculate his monthly payment.12 tBoM =1+121212•t1.1 +12)Round your answer to the nearest penny. Only input the number. Do not input the dollar sign. Donot use a comma. Example: 536.21

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Yak purchased a car for $22,601. He obtained a 6 year term loan at an interest rate of 4.16%. Using the following function to calculate his monthly payment. 12 t Bo 12 M= 12 t - 1 Round your answer to the nearest penny. Only input the number. Do not input the dollar sign. Do not use a comma. Example: 536.21

Yak purchased a car for $22,601. He obtained a 6 year term loan at an interest rate of 4.16%. Using the following function to calculate his monthly payment. 12 t Bo 12 M= 12 t - 1 Round your answer to the nearest penny. Only input the number. Do not input the dollar sign. Do not use a comma. Example: 536.21

Mathematics For Machine Technology

8th Edition

ISBN:9781337798310

Author:Peterson, John.

Publisher:Peterson, John.

Chapter24: Percent Practical Applications

Section: Chapter Questions

Problem 40A: A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job...

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Similar questions

A manufacturing company receives $122,000 upon the completion of a job. Total expenses for the job are $110,400. What percent of the job is profit? Round the answer to 1 decimal place.

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