Question

METAL FOR HELP
Vehicle: Chevy Volt Price: $39,145 Current interest rate: 3% Using the function A(t)=P(1+rn)nt, create the function that represents your new car loan that is compounded monthly. The principle will be the price of the vehicle you selected, not how much you are putting down. Being a smart financial planner, you want to figure out how many months it will be until your principal is paid down to $10,000.00. Solve for t and show all of your work. Note that t will be negative because the number of months will decrease the principal.

Answer 1

i have the first parts now i need to do this: Lastly, you decide to keep track of your loan four times a month instead of monthly. Solve for the adjusted interest rate. Remember to use the formula A(t)=P[(1+rn)1c]cnt where c = 4. When solving for the adjusted interest rate, be sure to set it equal to 1+rn.

Answer 2

1.\[A(t)=39,145\left( \frac{ 1+0.03 }{ 12 } \right)^{12t}\]
2.\[\frac{ \log_{\frac{1+0.03}{12}}\left[\frac{ 10,000 }{ 39,145 } \right] }{ 12 }=t\]

Answer 3

thats what i have so far

Answer 4

Look up a calculator to do the job. If you're lucky the calculator you find explains itself.

Answer 5

what do you mean a calculator

Answer 6

If you know the type of problem you are doing, then type in on google: [type of problem] calculator, you'll probably get one that can answer your question.

Answer 7

They help when you have a tough problem.

Answer 8

okay i will try

Answer 9

@jdoe0001 will u help me

Answer 10

What do you need now o.o
Have you not already solved it?

Answer 11

no Lastly, you decide to keep track of your loan four times a month instead of monthly. Solve for the adjusted interest rate. Remember to use the formula A(t)=P[(1+rn)1c]cnt where c = 4. When solving for the adjusted interest rate, be sure to set it equal to 1+rn.

Answer 12

im really bad at word problems
and logs
and math

Answer 13

Im only in 9th and im in summer party mode...so taking me a lil while to get back into school mode XD

Answer 14

crap bro im in 11th

Answer 15

No problem ive helped college students before...

Answer 16

I could solve this or i could simply google it and confirm it.
This is your answer i believe:
https://answers.yahoo.com/question/index?qid=20140727145333AAiNddT

Answer 17

btw its medal =.=
Not metal :p

Answer 18

this only shows one and two

Answer 19

i need 3