Samantha is going to buy a new Dodge Saturn for $20800. After a 5% down-payment the dealership will offer a loan for the remaining value of the car at 3.25% APR for 4 years.

Round all answers to the nearest penny. Use Web Loan Calculator to find some of the answers here.

2 answers

Didn't you see the answer that Henry posted for you?

http://www.jiskha.com/display.cgi?id=1490357356
Saturn was never made by Dodge, and has not been manufactured since 2009, anyway ....

I will assume you want to find the monthly payment.

i = .0325/12 = .002708333...
n = 48
PV = .95(20800) = 19760

P( 1 - 1.00270833..^-48 )/.00270833.. = 19760

I got P = 439.56
Similar Questions
    1. answers icon 2 answers
  1. Which list shows the events of “In with the New” in chronological order?Samantha meets Mia, Samantha joins the relay team,
    1. answers icon 1 answer
  2. Which of the following is an example of a “nature vs. nurture” question?A What is Samantha’s favorite TV show? B When did
    1. answers icon 1 answer
  3. Immersive ReaderWhich of the following is an example of a “nature vs. nurture” question? A What is Samantha’s favorite TV
    1. answers icon 1 answer
more similar questions