Mathematics, 20.09.2019 21:30 NetherisIsTheQueen
Jade bought a car for $21,400 at an apr of 3.6%, compounded monthly, by agreeing to make monthly payments of $149.00 for 48 months. after 48 months, jade plans to make a balloon payment. usually, the monthly payment on a 48-month loan for $21,400 at an apr of 3.6%, compounded monthly, is $479.37. jade is wondering how much more expensive the balloon payment option is.
how much in total will jade have paid after making the balloon payment?
how much jade would have paid if she had just made the usual payment of $479.37 for 48 months. how much more expensive was the balloon payment option for jade?
Answers: 1
Mathematics, 21.06.2019 12:40
Jamie is hiking up a small mountain. he climbs up at a constant rate of 300 feet/hour until he reaches the peak at 1,500 feet. after that, he hikes down at the same rate to the base of the mountain. the equation that models jamie’s elevation, e, after t hours is e = . jamie’s elevation will be 600 feet after hours and after hours.
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Jade bought a car for $21,400 at an apr of 3.6%, compounded monthly, by agreeing to make monthly pay...
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