nicoll4 nicoll4

03-04-2017
Mathematics

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john jacob jingleheimer schmidt buys a car that costs 21,000 he agrees to make payments at the end of each monthly period for 8 years he pays 6.25% interest compunded monthly what is the amount of each payment

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Aliwohaish12 Aliwohaish12

03-04-2017

21000=X[((1-(0.0625/12)^(-12*8))/(0.0625/12)
Solve for x
x=278.53

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