Nick has been depositing $ 180 in a savings account every three months for the past three years. This account paid 5 % c

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Nick has been depositing $ 180 in a savings account every three months for the past three years. This account paid 5 % c

Post by answerhappygod »

Nick Has Been Depositing 180 In A Savings Account Every Three Months For The Past Three Years This Account Paid 5 C 1
Nick Has Been Depositing 180 In A Savings Account Every Three Months For The Past Three Years This Account Paid 5 C 1 (266.36 KiB) Viewed 33 times
Nick has been depositing $ 180 in a savings account every three months for the past three years. This account paid 5 % convertible bimonthly. Nick has just made the last deposit. Nick is buying a car for $ 18000. He is taking out a car loan. He will use the accumulated value of his savings account as the downpayment on the car. The loan is at 5 % convertible quarterly and has a term of 5 years. Find the size of Nick's monthly car loan payment
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”