Q:

assume that you make a down payment of 2000 and you finance the remainder with 5 year loan at 6.9 percent APR the car is 15,057

Accepted Solution

A:
Answer:I think the question is asking to find the monthly loan payment. Not sure how though. it says assume that you make a down payment of $2,000 and you finance the remainder with a 5-year loan at 6.9% APR. The car price is $15,057. there is a monthly payment per 100 chart. Which shows $2.24 for 5 years not sure how to show in the equation for this.