Question

Follow the steps above and find c, the total of the payments, and the monthly payment. Choose the right answers.

Jane Smart buys a new SUV. The price, including tax, is $22,500.00. She finances the vehicle over 60 months after making a $2,000 down payment. The true annual interest rate is 12%. What are Jane's monthly payments (principal plus interest)?

Answer 1

http://openstudy.com/study#/updates/52d4b79de4b0274b88c485ce

Here you go(:

Answer 2

Ha thank you for trying but the person explained it very complicatedly. I have a huge problem with word problems. I never know where to put the numbers =/. All my other problems tell me.

Answer 3

Right, I am on the same boat as you, word problems hate me. Ok, so I got this formula they were using...

To the nearest penny, c = $ __ .
6,252.50, 6,250.50, 6,254.50
Total of payments = amount financed + c = $__.
26,754.50, 26,752.50, 26,750.50
Total of payments ÷ number of payments = monthly payment = $__.
446.88, 444.88, 445.88

Answer 4

Step 1: Set out the information.

Amount Financed = $10,000 - $1,000 = $9,000
Number of Payments = 5 * 12 = 60
Total Payments = $200 * 60 or $12,000
Total Interest = $3,000

Step 2: Calculate the APR.

If , then (2)(12)(3,000) ÷ [(9,000)(61)]. The APR is 0.131 or 13.1 %.

Answer 5

Diff numbers but it's an example but I stll can't figure it out

Answer 6

Ahhhhh, oh how I hate this stuff xD one sec

Answer 7

Yeah I'm all over the place with numbers right now -___-

Answer 8

Yeah.... So you got the first step down, right?

Answer 9

Not at all i have a weird number that wont fit anywhere

Answer 10

Let me call some reinforcement xD

Answer 11

@hartnn @mathslover @tester97 @undeadknight26

Answer 12

@stonewoods

Answer 13

@ganeshie8

Answer 14

@e.mccormick

Answer 15

Really, no one is going to help a pretty girl?? :O Try bumping your question

Answer 16

Uhg I really can do the math I just need help setting it up =/ haha. Thank you though :)!

Answer 17

Welcome(:

Answer 18

I JUST THOUGHT OF SOMEONE THAT WOULD LOOVVVEEEEEE TO HELP XD @Jadeishere

Answer 19

JON -_- Three people have already messaged me needing help in the last 5 friggin minutes /)_- I can try but don't do that xD

Answer 20

xD okay....

Answer 21

not realy sure, this is what I did in prealgebra, so in 6th grade, sorry

Answer 22

there's formula for it, but I don't remember

Answer 23

whats the question?

Answer 24

i dont feel like reading thru that up there ^^^

Answer 25

figured it out thank you all for trying!

Answer 26

\(\frak\Huge\color{red}{Good~job!}\)