A community for students.
Here's the question you clicked on:
 0 viewing
lswimstar
 3 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
lswimstar
 3 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

This Question is Closed

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

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

pooja195
 3 years ago
Best ResponseYou've already chosen the best response.0i think its the third one
Ask your own question
Sign UpFind more explanations on OpenStudy
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.