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Andrea is buying a car for $21,450 she will finance $16,450 of it with a 5 year loan at 2.9% apr what will her monthly auto payment be? A)$294.85 B)$363.38 C) 477.66 D)$706.32 just took test it is A
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Dec 19, 2019
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Andrea is buying a car for $21,450 she will finance $16,450 of it with a 5 year loan at 2.9% apr what will her monthly auto payment be?
A)$294.85
B)$363.38
C) 477.66
D)$706.32
just took test it is A
Mathematics
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Abdulkadir NURKALEM
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2.9% apr
5 years to pay
loan= 21450-16450= $5000
apr = .029
.029/12 =.0024
.0024(5000)=12.08
.0024+1=1.0024
1.0024^(5*12)= 1.15
1/1.15= .86
1-.86 = .14
60/ .14= $294.85$
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Jaxx
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Dec 25, 2019
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