oliviabeard1579
oliviabeard1579 oliviabeard1579
  • 20-04-2017
  • Mathematics
contestada

alan pays $25,000 for a truck from akins ford. they charge 8% interest . he has decided to finance it for 36 months .how much interest will alan pay ?

Respuesta :

liemonder liemonder
  • 20-04-2017
assuming the interest compounds once a year:
36 months=3 years
price in 3 years: 25000*1.08^3=$31492.8
gained interest: 31492.8-25000=$6492,8
Answer Link

Otras preguntas

What is the first letter of every genus name ?
What is 2/4 + 4/5 - 7/10 ? Please help
the population of a town is decreasing at a rate of 1. 1 % each year if there are 3,000 in the town right now how many people will be living in the town in 10 y
explain how salinity changes in sea water
What did Loyalists believe about Patriots?
List two examples of ways to increase efficiency in a machine.
If sin Θ = 7 over 25, use the Pythagorean Identity to find cos Θ.
Express 396 as a product of prime numbers in index form
What is the first letter of every genus name ?
0.1 is 10 times as much as