Calculate the monthly payment for a 5-year car loan of $23,570 at 10.43% interest, compounded monthly.
a.) $247.44
b.)337.56
c.)433.88
d.) 505.79

Hi there :)
Use the formula of the present value of annuity ordinary
The formula is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 23570
Pmt payment per month ?
R interest rate 0.1043
K compounded monthly 12
N time 5 years
We need to solve for pmt
Pmt=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
pmt=23,570÷((1−(1+0.1043÷12)^(
−12×5))÷(0.1043÷12))
=505.79answer

Hope it helps

Hi there :)
Use the formula of the present value of annuity ordinary
The formula is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 23570
Pmt payment per month ?
R interest rate 0.1043
K compounded monthly 12
N time 5 years
We need to solve for pmt
Pmt=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
pmt=23,570÷((1−(1+0.1043÷12)^(
−12×5))÷(0.1043÷12))
=505.79answer

Hope it helps

You have 2 sides that are 2 cms and you have 6 sides that are 1/2 cm and you have 4 sides that are 1 cm. the smallest sides are 1/2 the medium sized sides are 1 and the smallest are 1/2. so to find the perimeter you have to add them all up together so your answer will be 11 cm's