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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.
 one year ago
 one year 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.
 one year ago
 one year 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
 one year ago

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

AGummiBear55 Group TitleBest ResponseYou've already chosen the best response.0
Okay, nevermind! I got it!
 one year ago
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