Question

I need help with a math problem can someone please help me out

Answer 1

what is it..?

Answer 2

What is the problem?

Answer 3

You have decided to purchase a new 2014 Mini Cooper Roadster for your birthday!



The price of the roadster is $28,822 and the current interest rate is 4%. You will take out a loan to cover the cost of your purchase and will not be making a down payment. 


1. Using the function A(t)=P(1+r)^t, create a function that represents your new car loan. The principle, P, will be the price of the vehicle.

2.  Using the function you created in #1, determine how much money you will pay for the car if you take out a 5-year loan

Answer 4

I just copied the question on to here

Answer 5

O_O I definitely don't know.

Answer 6

Sorry.

Answer 7

We are told to use the formula A(t)=P(1+r)^t to calculate the total amount required to pay off this loan (which is represented by A(t) ), and to regard P as the purchase price of the car (before interest). Simply substitute the given values of P, r and t into this equation and evaluate it. Hint: P=$28,822 and r=0.04.

For Part 1, leave " t " as is, so that you obtain a general formula for A(t).

For Part 2, substitute 5 for t and evaluate the function.

Answer 8

im going to try and solve it if I have any isuues ccould you help me out still? thank you f
for clearing some things up

Answer 9

Of course. But see what you can do on your own first; show your work.

Answer 10

i was thinking the same thinh

Answer 11

in the second problem what "t" do I subsitite 5 for