Mr. and mrs. wallace have decided to buy a car for $21,600. they finance $15,000 of it with a 5-year auto loan at 2.9% arp. what will be their monthly payment be? a. $268.20 b. $268.86 c. $269.54 d. $387.16 i need !

Work Shown:

L = loan amount = amount financed = 15000

r = monthly interest rate = (2.9%)/12 = 0.029/12 = 0.00241666666667

n = number of months = 60 (since 5 years = 5*12 = 60 months)

Plug those values into the formula below and simplify

P = (r*L)/(1 - (1+r)^(-n) )

P = (0.00241666666667*15000)/(1 - (1+0.00241666666667)^(-60) )

P = 268.864301358403

P = 268.86

goog may have it for you

wth is with the little mtn top and what are you talking about like fix your words and accually make sence with them and i like was in a completly different question like three times like it seems like your ilitteret