Ask Question
14 November, 16:10

You want to buy a $16,000 car. the company is offering a 5% interest rate for 48 months (4 years). what will your monthly payments be?

+1
Answers (2)
  1. 14 November, 18:17
    0
    The equation would be y=16000 (.05) ^4

    that would equal 0.1
  2. 14 November, 19:38
    0
    The monthly payment is $368.47.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You want to buy a $16,000 car. the company is offering a 5% interest rate for 48 months (4 years). what will your monthly payments be? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers