Anonymous Anonymous

21-03-2017
Mathematics

Answered

Amount Financed (m) = $500 Number of Payments per year (y) = 12 Number of Payments (n) = 12 APR (I) = 17%

c = $

Verified Answer :

Aliwohaish12 Aliwohaish12

21-03-2017

(0.17×500×13)÷(2×12)
=46.04

Answer Link

erolkayacan erolkayacan

13-01-2020

Answer:

The answer is 45.6$

Step-by-step explanation:

First we need to find monthly interest:

i=I/12=%1.4

The formula for the monthly payment:

@@MATH_TOKEN_0@@

Where:

m=500

i=%1.4

c=45.6$

Answer Link

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