Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. elysa bought a car priced at $11,042 for 15% down

Elysa bought a car priced at $11,042 for 15% down and equal semi-annual payments for...

80.2K

Verified Solution

Question

Basic Math

image

Elysa bought a car priced at $11,042 for 15% down and equal semi-annual payments for 3 years. If interest is 6% compounded quarterly, what is the size of the semi-annual payment? The size of the semi-annual payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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

Other questions asked by students

Biology
1.2K views

Which of the following statements regarding diacylglycerol (DAG) and inositol triphosphate (IP3) is not true? A. They...

General Management
1.2K views

Create a presentation of an ideal performance management system (PMS) that you would implement as the...

Physics
1.2K views

15 14 Two capacitors G and C C C are connected in series and joined...

Calculus
1.2K views

6 Assume x y z f x g y h z separate the partial differential...

Calculus
1.2K views

According to molecular orbital theory what is the bond order in the O ion O...

Algebra
1.2K views

68 69 7 3 g x 3 2x 3 3 2 1 y 1 3...

Accounting
1.2K views

Accounting hw help please!

Accounting
1.2K views

Please help with the last question: 2b - Standard hours allowed for the month's production:...

Accounting
1.2K views

Tonys employee imputed taxable income of $33 on his next 2017 paycheck for his personal...

Accounting
1.2K views

Flow of costs and Income Statement Technology Accessories...

Accounting
1.2K views

Tropic Inc. applies overhead based on machine hours. At the beginning of 2021 Tropic estimated...

Accounting
1.2K views

On October 31st, your company, CatzCo., loaned $34,000 in cash to another company, DogzC C0.....