You have decided to buy a car that costs $23,000. since you do not have a big down payment, the lender offers you a loan with an apr of 5.87 percent compounded monthly for 5 years with the first monthly payment due today. what is the amount of your loan payment?

Monthly payments=$513.72

Explanation:

The formula for calculating the compound interest is given as;

A=P(1+r/n)^nt

where;

A-Amount to be paid after a given period of time

P-Principal amount initially taken=$23,000

r-The annual interest rate=5.87%=5.87/100=0.0587

n-Number of times the interest is to be compounded per unit time=12

t-5

Replacing;

A=23000(1+0.0587/12)^(5×12)

A=23000(1.0049)^(5×12)

A=30,823.54

The total amount after 60 months or 5 years=$30,823.54

To meet the target of $30,823.54 in 5 years= Monthly payments=(30,823.54/60)=$513.72

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.