A cattleman purchases six refrigeration units for $132,500 and makes a down payment of 30%. The remainder is financed for 7 years at an annual interest rate of 3.9% compounded quarterly. Find the quarterly payment for this loan.

a.  $3,801.23
b.  $3,764.52
c.  $1,175.15
d.  $3,658.54


a.  $3,801.23

Mathematics

You might also like to view...

Find the root. Round to three decimal places if necessary.

A. Not real number B. 9 C. 3 D. 5

Mathematics

Solve the initial value problem. =  + , y(0) = -5

A. y = 2 tan-1  + 7 sin-1 x
B. y = 10 tan-1 x - 7 sin-1 x - 5
C. y = 10 cot-1 x - 7 sin-1 x
D. y = 2 tan-1  + 7 sin-1 x - 5

Mathematics

Find an equation of the plane with x-intercept =7, y-intercept=8 and z-intercept= 3.

What will be an ideal response?

Mathematics

Solve the equation. = x

A. = 
B. = 
C. = 
D. = 

Mathematics