Compare the monthly payment amount of annabelle's dream car at two different car dealerships.
dealership a: the car costs $30,000, and the loan has an annual interest rate of 4.8%.
dealership b: the car costs $29,800, and the loan has an annual interest rate of 5,4%.
determine the monthly payment for each dealership, and decide which is cheaper. both interest rates are compounded
monthly. both loans are for 5 years, or 60 months. assume that there is no down payment.

include a picture of the drawing in order for me to

step-by-step explanation:

a

step-by-step explanation:

none.

step-by-step explanation:

m

1

=

5

m1=5

b

=

−

1

b=-1

find the slope and y-intercept of the second equation.

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m

2

=

0

m2=0

b

=

−

6

b=-6

compare the slopes

m

m of the two equations.

m

1

=

5

,

m

2

=

0

m1=5,m2=0

compare the two slopes in the decimal form. if the slopes are equal, then the lines are parallel. if the slopes are not equal, then the lines are not parallel.

m

1

=

5

,

m

2

=

0

m1=5,m2=0