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Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's to make monthly payments of $525 for the next five years, what APR has she paid?
Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. [ If she's to make monthly payments of $525 for the next five years, she has paid 3.7% APR. Solution: (r = 3.7% = 0.037) 2057r / 450 = 2057(0.037) / 450 = 76.109 / 450 = 0.1691 1 - (1 + r/12)^60 = 1 - (1 + 0.037/12)^-60 = 1 - 0.8313 = 0.1687; Therefore, r is approximately 3.7%. ]
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Asked 5/16/2019 9:44:30 AM
Updated 6/4/2020 10:57:48 PM
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Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. [ If she's to make monthly payments of $525 for the next five years, she has paid 3.7% APR. Solution: (r = 3.7% = 0.037) 2057r / 450 = 2057(0.037) / 450 = 76.109 / 450 = 0.1691 1 - (1 + r/12)^60 = 1 - (1 + 0.037/12)^-60 = 1 - 0.8313 = 0.1687; Therefore, r is approximately 3.7%. ]
Added 6/4/2020 10:57:48 PM
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If an object has a mass of 20 kg, the force of gravity acting on it on earth is 196 N.
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Fg = 196 N (answer)
Added 6/10/2020 1:45:40 AM
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Added 7/10/2020 9:16:35 AM
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Updated 9/12/2020 1:46:17 AM
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When an incident occurs or threatens, local emergency personnel manage response using NIMS principles and ICS. If the incident is or becomes large or complex, Local EOCs activate.
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