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 2 years ago
Felix purchased a boat for $9,755. He made a down payment of $875. He applied for a sixyear installment loan with an interest rate of 10.4% in the amount of $8,880. What is the total cost of the boat after six years?
m=p i(1+i)^nt

(1+i)^nt1
p=principal
i=interest rate
n=number of periods per year
t=time period
m=monthly payment
please help
 2 years ago
Felix purchased a boat for $9,755. He made a down payment of $875. He applied for a sixyear installment loan with an interest rate of 10.4% in the amount of $8,880. What is the total cost of the boat after six years? m=p i(1+i)^nt  (1+i)^nt1 p=principal i=interest rate n=number of periods per year t=time period m=monthly payment please help

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lswimstar
 2 years ago
Best ResponseYou've already chosen the best response.0advanced algebra could you help me?

lswimstar
 2 years ago
Best ResponseYou've already chosen the best response.0I have 4 different answers: 9803.52 11974.32 12849.32 10769.52

pooja195
 2 years ago
Best ResponseYou've already chosen the best response.0i think its the third one
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