Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A dealer sold a car to Derek for $ 4 3 0 0 down and end - of - month payments of $ 5 2

A dealer sold a car to Derek for $4300 down and end-of-month payments of $527 for 6.5 years, including interest at 2.16% compounded annually.
What was the selling price of the car?
a. $42644.64
b. $12758.79
c. $7464.18
d. $38344.64
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions