A woman buys a car for 40 000 If the interest rate on the loan...

90.2K

Verified Solution

Question

Basic Math

image

A woman buys a car for 40 000 If the interest rate on the loan is 12 compounded monthly and if she wants to make monthly payments of 800 for 2 years how much must she have for a down payment Round your answer to the nearest dollar A 29 301 B 23 005 C 27 573 D 26 075 21 659

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

A woman buys a car for 40 000 If the interest rate on the loan is 12 compounded monthly and if she wants to make monthly payments of 800 for 2 years how much must she have for a down payment Round your answer to the nearest dollar A 29 301 B 23 005 C 27 573 D 26 075 21 659

Other questions asked by students