Question
[-/5 Points] DETAILS TANAPMATH7 4.2.025. MY NOTES ASK YOUR TEACHER Lup made a down payment of $6000 toward the purchase of a new car.
[-/5 Points] DETAILS TANAPMATH7 4.2.025. MY NOTES ASK YOUR TEACHER Lup made a down payment of $6000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 8%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $430/month for 24 months. What is the cash price of the car? (Round your answer to the nearest cent.) . [-/5 Points] DETAILS TANAPMATH7 4.1.032. MY NOTES ASK YOUR TEACHER Use logarithms to solve the problem. How long will it take $13,000 to grow to $18,000 if the investment earns interest at the rate of 3%/year compounded monthly? (Round your answer to two decimal places.) yr . [-/5 Points] DETAILS TANAPMATH7 4.3.022. MY NOTES ASK YOUR TEACHER The Flemings secured a bank loan of $264,000 to help finance the purchase of a house. The bank charges interest at a rate of 5%/year on the unpaid balance, and interest computations are made at the end of each month. The Flemings have agreed to repay the loan in equal monthly installments over 25 years. What should be the size of each repayment if the loan is to be amortized at the end of the term? (Round your answer to the nearest cent.)
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