Mathematics, 26.01.2022 07:20 fufnun9757

Ou take out a loan to finance the purchase of a $10,000 vehicle. The annual interest rate is 3.2%, and you plan to repay the loan in eighteen payments. Use amortization formula to compute the amount you
should send to the financial institution each time you make a payment. A = P.
+(1+r)"
(1+r)"–1
=
$458.04
$471.81
$569.74
$739.44

Answers: 1

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