Mathematics, 04.07.2019 02:30 cw112400
Maria is buying a car for $18,510. she will finance $13,000 of it with a 3-year loan at 2.8% apr. what will her monthly auto payment be?
Answers: 1
![\text{PV of annuity}=P[\dfrac{1-(1+r)^{-n}}{r}]](/tpl/images/0048/6066/d31d5.png)
![\Rightarrow 13000=P[\dfrac{1-(1+\frac{2.8}{1200})^{-36}}{\frac{2.8}{1200}}]](/tpl/images/0048/6066/d3f68.png)
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Maria is buying a car for $18,510. she will finance $13,000 of it with a 3-year loan at 2.8% apr. wh...
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