Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
AGummiBear55
Group Title
What formula do I use for this question?
Carlee purchased a motorcycle for $9,941. She made a down payment of $3,795. She applied for a fouryear installment loan with an interest rate of 13.2%. What is the total cost of the motorcycle after four years?
All I really need help with is setting up the equation.
 2 years ago
 2 years ago
AGummiBear55 Group Title
What formula do I use for this question? Carlee purchased a motorcycle for $9,941. She made a down payment of $3,795. She applied for a fouryear installment loan with an interest rate of 13.2%. What is the total cost of the motorcycle after four years? All I really need help with is setting up the equation.
 2 years ago
 2 years ago

This Question is Closed

mathteacher1729 Group TitleBest ResponseYou've already chosen the best response.1
The formula (with explanation) can be found here: http://easycalculation.com/mortgage/autoloanemi.php
 2 years ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
That didn't work...
 2 years ago

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
Okay, nevermind! I got it!
 2 years ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.