Homework Help: 12th grade economics

Posted by Courtney on Sunday, March 14, 2010 at 4:00pm.

Frank wants to buy a $10,000 car. The car dealer offers him financing of 60 payments at 9% interest. What will his payments be assuming he pays $0 down?

12th grade economics - Ms. Sue, Sunday, March 14, 2010 at 5:44pm
10,000 * 0.09 * 5 = 4,500
10,000 + 4500 = 14,500

14,500 / 60 = 241.67
12th grade economics - ale, Monday, November 15, 2010 at 12:21pm
180.99

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