Equations:Question 3 A car dealership offers 6-year loans at 4% interest compounded annually. Alice wants to buy a car for $150 per month with $4,000 down payment. How could she determine the most expensive car she could choose? Select one: O O Multiply $150 by 72 months, and then add $4,000. O Take 4% of the price of the car and then multiply by $150 O Add $4,000 to 496 of the car's pnce and divide by $150 O Keep subtracting $4,000 from the price until the monthly payments she calculates is less than $150

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salazarchristian597 salazarchristian597

17-12-2020
Mathematics

contestada

Equations:Question 3 A car dealership offers 6-year loans at 4% interest compounded annually. Alice wants to buy a car for $150 per month with $4,000 down payment. How could she determine the most expensive car she could choose? Select one: O O Multiply $150 by 72 months, and then add $4,000. O Take 4% of the price of the car and then multiply by $150 O Add $4,000 to 496 of the car's pnce and divide by $150 O Keep subtracting $4,000 from the price until the monthly payments she calculates is less than $150

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logantaylor0309 logantaylor0309 · Answer 1 · 2020-12-17T19:45:58+01:00

Answer:

Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually). ...

Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.

Step-by-step explanation:

Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually). ...

Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually). ...

Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.

charlotte361 charlotte361 · Answer 2 · 2020-12-17T19:46:02+01:00

charlotte361 charlotte361

17-12-2020

Try spacing it out a little but i can’t really understand

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