Ask Question
20 September, 20:14

Esther pays $467 per month for 5 years for a car. she made a down payment of $3,700. if the loan costs 7.1% per year compounded monthly, what was the cash price of the car?

+1
Answers (1)
  1. 20 September, 23:10
    0
    The present value of the string of payments added to the down payment is $27,228.33. This is the cash price of the car.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Esther pays $467 per month for 5 years for a car. she made a down payment of $3,700. if the loan costs 7.1% per year compounded monthly, ...” 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