- A Car Was Purchased For 1730 Down And Payments Of 245 At The End Of Each Month For Six Years Interest Is 2 Compounde 1 (69.53 KiB) Viewed 40 times
- A Car Was Purchased For 1730 Down And Payments Of 245 At The End Of Each Month For Six Years Interest Is 2 Compounde 2 (21.98 KiB) Viewed 40 times
A car was purchased for $1730 down and payments of $245 at the end of each month for six years. Interest is 2% compounded annually. What was the purchase price of the car? How much interest will be paid? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Sue Li deposited $300 00 into a savings account that compounded interest monthly What nominal annual rate compounded monthly was earned on the investment f the balance was $448 80 in eight years? CIE The nominal annual rate of interest is % por annum compounded monthly (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)