subject
Mathematics, 05.10.2021 02:20 berniceallonce22

PLEASE ANSWER HONESTLY WITH FULL EXPLANATION Kenneth bought a car for $16,200, but he received $900 cash back. He will make monthly payments at a 4.56% APR, compounded monthly, for 36 months. Kenneth is wondering how much money he saved by receiving the cash back. Help him figure out the answer.

Part I: How much will Kenneth have left to pay after receiving the cash back?

Part II: What is the periodic rate at which Kenneth will be charged interest?

Part III: What will Kenneth's monthly payment be?

Part IV: What would Kenneth's monthly payment have been if he hadn't received the cash back?

Part V: How much money did Kenneth save by receiving the cash back?

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 20.06.2019 18:02, Ghhkgu5120
At diana's closet, 1/6 of the clothes are white and another 7/12 are black. what fraction of the clothes is either black or white?
Answers: 1
image
Mathematics, 21.06.2019 15:30, christson805
Which of the following are parts of a sphere
Answers: 1
image
Mathematics, 21.06.2019 17:30, ahnagoede2768
Thelime contains the point(-3,0) and parallel x-3y=3( show all work)
Answers: 3
image
Mathematics, 21.06.2019 18:30, amorosoavap5cejz
You receive 15% of the profit from a car wash how much money do you receive from a profit of 300
Answers: 2
You know the right answer?
PLEASE ANSWER HONESTLY WITH FULL EXPLANATION Kenneth bought a car for $16,200, but he received $90...

Questions in other subjects:

Konu
Chemistry, 10.02.2020 18:44
Konu
Mathematics, 10.02.2020 18:45