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.

By comparing both the payments we can say that Dealer A is cheaper by $4.50.

Step-by-step explanation:

Dealership A: The car costs $30,000, and the loan has an annual interest rate of 4.8% for 5 years.

The EMI formula is :

Now, p = 30000

r =

n =

Putting values in formula we get;

=>

EMI is = $563.34

Dealership B: The car costs $29,800, and the loan has an annual interest rate of 5.4% for 5 years.

p = 29800

r =

n =

Putting values in formula we get;

=>

EMI = $567.84

By comparing both the payments we can say that Dealer A is cheaper by $4.50.

black/brown

step-by-step explanation:

well, you see here, jamal was born to 2 parents, his mother who he lives with and his father who left at a young age and who happens to be younger than him. he stole cookies because he has to steal food due to the fact that he spends his government poverty checks on pot and women.