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math
OMG I CAN NOT get this !!!! Purchase price of article = $495 Down payment = $50 Number of payments = 36 True annual interest rate = 18% Monthly payment amount = $ The formula is I= 2YC ________ M(N+1) y = the number of payments
asked by sarah on July 10, 2013 
Algebra
I am trying to work through this problem and am having trouble. Can someone tell me what the "w" stands for in the equation and walk me through the steps? Below is what I have so far. Suppose A is the amount borrowed, r is the
asked by Shelly on July 30, 2009 
Algebra
I am trying to work through this problem and am having trouble. Can someone tell me what the "w" stands for in the equation and walk me through the steps? Below is what I have so far. Suppose A is the amount borrowed, r is the
asked by Shelly on July 30, 2009 
Math
The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54. Loan Balance: $30,000.00 Loan Interest Rate: 7.00% Monthly Loan Payment: $348.33 Number of Payments: 120 Cumulative Payments:
asked by Layla on December 13, 2015 
Algebra
Suppose A is the amount borrowed, r is the interest rate (in decimal form), and m is the total number of monthly payments. Let w = (r)/(12) Then the formula to determine the monthly payment amount for a loan is given by
asked by Pamela on July 31, 2009 
Algebra
Suppose Alice buys a car and obtains a 5 year loan for $25,000 at an interest rate of 6%. Suppose A is the amount borrowed, r is the interest rate (in decimal form), and m is the total number of monthly payments. Let w = (r)/(12)
asked by Shelly on July 30, 2009 
mathematics
The monthly loan payment was calculated at 119 payments of $330.38 plus a final payment of $329.73 Loan balance: $25,000.00 Loan interest rate 10.0% Monthly loan payment: $330.38 Number of payments: 120 Cumulative Payments:
asked by Ashlie on January 26, 2010 
Math
I need help with this I keep putting the numbers in wrong on the formula ! PLEASE HELP Price of article = $315.50 Down payment = $31.55 Monthly payment amount = $16.50 Duration of payments = 20 months True annual interest rate to
asked by sarah on June 24, 2013 
Calculus
A $99,000 mortgage for 30 years at 9% APR requires monthly payments of $796.58. Suppose you decided to make monthly payments of $1,100. When would the mortgage be completely paid? I am using a present value of annuity eguation but
asked by Abbey on December 18, 2006 
math help please
Sue Stitch buys a sewing machine. The price, including tax, is $575.00. She finances the sewing machine over 24 months after making a $25 down payment. The true annual interest rate is 15%. What are Sue's monthly payments
asked by Anonymous on June 17, 2015 
math
Brenda has taken out a $1300 loan to pay for a hot tub. She will make monthly payments for a year at an interest rate of 10 %, compounded monthly. How much interest will she end up paying? Select one: a. $213.45 b. $71.49 c.
asked by Miyabi123456789 on June 5, 2017