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6 April, 20:46

You want to buy a $16,000 car. the company is offering a 5% interest rate for 48 months (4 years). what will your monthly payments be?

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Answers (2)
  1. 7 April, 00:42
    0
    The equation would be y=16000 (.05) ^4

    that would equal 0.1
  2. 7 April, 00:43
    0
    The monthly payment is $368.47.
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