Question

Can someone please please pleasee help!? http://prntscr.com/miib88

Answer 1

any idea ?

Answer 2

there is a table of montly car loan payment per $1000 borrowed so from this you need checking the rate of 2,9% column and the column of 60 months bc. 5 years mean 60 months

yes ?

Answer 3

what result you ve got from there for $1000 ?

Answer 4

from this table result $17924 for 60 months with 2,9% rate

after you get this you need calcule from this what mean this per a month to paying

so this will get then divide $17923 by 60 - so please make the calcule

Answer 5

result $298,7 will be the monthly payment but this is per $1000 borrowed

but you need calcule for $15000

how you calcule this ? any idea ?

Answer 6

Ilike please collaborate - do you understand the way ?

Answer 7

use the rule of 3 simple

$298,7 monthly payment for $1000
x monthla payment for $15000

Answer 8

so i ve got x = 4480,5

what not is there between your given choices

Answer 9

I sort of understand what you're saying.. But I thought it would be 4480.50/12 for the monthly payments and that isn't an option :/

Answer 10

no - i ve said above that what i ve got this result not is there between these choices - but i think the way is this what i ve wrote above

Answer 11

@Vocaloid please check my work what i ve understood it wrong

thank you very much