23.Janelle wishes to finance a car for $33.000. The bank's annual interest rate is 3.5%, and she can
choose between durations of five or six years. Calculate the monthly payment and total amount paid for
both duration options
22.which statement best compares savings accounts and money market accounts?

Use the formula. P
- where A is the amount to finance, ris the annual interest
rate, nis the number of times interest is applied per year and t is the number of years Show all of your
steps
- Math symbols
First of all the given formula cannot be used. It
is missing parentheses around the dominator
terms. we can add them and We can simplify
the formula so an expontial term only need to
be calculated one time, the right formula is
P = (Ar/ (1 - 0) 1 + r) ) (-n)
Naturally, the payment amount will be rounded
to the nearest ten. Since you have one more