You want to buy a $33,000 car. The company is offering a 4% interest rate for 60 months (5 years). What will your monthly payments be?

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 16E: Mortgage What is the monthly payment on a 30-year mortgage of $80,000 at 9% interest? What is the...
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Question 8
You want to buy a $33,000 car. The company is offering a 4% interest rate for 60 months (5 years).
What will your monthly payments be?
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Transcribed Image Text:Question 8 You want to buy a $33,000 car. The company is offering a 4% interest rate for 60 months (5 years). What will your monthly payments be? >Next Question O Type here to search
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ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning