Solve the problem.Suppose you want to buy a car. The dealer offers a financing package consisting of a 6% APR compounded monthly for a term of three years. Suppose that you want your monthly payments to be at most $1000. What is the maximum amount that you should finance? Round your answer to the nearest dollar.

A. $32,525
B. $30,000
C. $32,800
D. $33,000
E. $32,871


Answer: E

Mathematics

You might also like to view...

Solve the problem.Suppose that = 10. Find and .

A. 1; -10 B. -1; -10 C. 1; 10 D. 0; 10

Mathematics

Rewrite the expression as the logarithm of a single quantity.log10 s + 5log10 m

A. log10 m5 
B. log10 (m5+ )
C. log10 
D. log10 

Mathematics

Compute the probability of an event for equally likely outcomes (theoretical probability).If a single die is rolled, what is the probability that the number rolled is less than 2?

A.  
B.  
C.  
D.

Mathematics

Solve the problem.A nuclear scientist has a sample of  of a radioactive material which has a half-life in hours. She monitors the amount of radioactive material over a period of a day and obtains the following data. Use a graphing utility to fit an exponential function to the data. Predict the amount of material remaining at 40 hours..

A. y = 86e-0.071x, 5.0 mg B. y = 100e-0.077x, 6.7 mg C. y = 100e-0.077x, 4.6 mg D. y = 92e-0.0686x, 5.9 mg

Mathematics