Financial math

what is the monthly payment for a $4,000 3 year loan with an apr of 7.50%

$124.42

Step-by-step explanation:

look at the attachment for the formula I used

answer: the answer is one of

step-by-step explanation:   we are given to write a proper fraction where the whole is divided into an even number of equal parts less than ten, and an odd number of those parts exist.

an even number less than 10 may be one of 2, 4, 6 or 8. so, the whole may be one of these four evens.

now, an odd number of these parts must exist, so the numerator must be an odd number, one of 1, 3, 5 or 7. it cannot be 9 because then the fraction will become improper.

thus, our fraction may be one of the following

answer4 to the second power is 16

and 4 to the third power is 64,