Monday

July 28, 2014

July 28, 2014

Posted by **Moyer** on Tuesday, March 5, 2013 at 10:28pm.

- math -
**Ms. Sue**, Tuesday, March 5, 2013 at 10:38pmWhat interest rate is your lender charging you?

Without figuring interest,

32,000 * 0.8 = 25,600

25,600 / 60 = ?

- math -
**Moyer**, Tuesday, March 5, 2013 at 10:46pmThe interest rate is 3.69%

- math -
**Reiny**, Tuesday, March 5, 2013 at 11:12pmlet the monthly payment be P

i = .0369/12 = .003075

n = 60

80% of 32000 = 25600

P( 1 - 1.003075^-60)/.003075 = 25600

P = $467.89

**Related Questions**

math - Suppose a car cost 32000 and you are allowed to make a down payment of 20...

Math - How many 4-character license plates are possible with 2 letters from the ...

math - Joe is getting ready to buy a car. He has $20,000 in investments earning...

Math - Stacy requires $3,000 in three years to make a down payment on a new car...

Finance - Mr. A has taken a car on lease. The down payment is80% of Total amount...

math - 1.The land on Earth’s surface is represented by the seven continents. ...

Math - Stacy requires $3,000 in three years to make a down payment on a new car...

Financial Math - Suppose that you decide to lease a car. At the end of the 48-...

math - Suppose you start saving today for a $30,000 down payment that you plan ...

math - acouple finances a house valued at $150,000. They make a $10,000 down ...