subject
Mathematics, 13.11.2020 03:50 cameronkoberste

John Fare purchased $6,000 worth of equipment by making a $1000 down payment and promising to pay the remainder of the cost in semiannual payments over the next 5 years. The interest rate on the debt is 6%, compounded semiannually. Find the following. (Round your answers to the nearest cent.) (a) the size of each payment
$
586.15

Correct: Your answer is correct.

(b) the total amount paid over the life of the loan
$

(c) the total interest paid over the life of the loan
$

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
Phyllis and chen are saving money to go to a football game. each friend starts with some money and saves a specific amount each week. phyllis made a graph to show the total she has saved at the end of each week. chen wrote an equation to show the total, y, he has saved at the end of each week, x. y = 15x + 15 compare the amount that each friend has when both friends start saving. select the correct answer from the drop-down menu to complete the statement. phyllis starts with $ and chen starts with $
Answers: 1
question
Mathematics, 21.06.2019 21:40
Ineed your ! i was to turn this into pond first thing i gotta do is outline the inside with this plastic how big should i cut the plastic the height: 10 1/2” the length: 40” the width: 12” me !
Answers: 1
question
Mathematics, 21.06.2019 22:00
Select the conic section that represents the equation. 3x2 + 3y2 -2x + 4 = 0
Answers: 2
question
Mathematics, 21.06.2019 22:20
The coordinates of vortex a’ are (8,4) (-4,2) (4,-,4) the coordinates of vortex b’ are (6,6)(12,-,12)(12,12) the coordinates of vortex c’ are(-2,,12)(4,12)(12,-4)
Answers: 3
You know the right answer?
John Fare purchased $6,000 worth of equipment by making a $1000 down payment and promising to pay th...
Questions
question
History, 12.01.2021 02:50
question
Mathematics, 12.01.2021 02:50
question
English, 12.01.2021 02:50
question
Mathematics, 12.01.2021 02:50
Questions on the website: 13722360