Randeezy Randeezy

30-11-2022
Mathematics

contestada

Explain how to derive the unpaid balance formula. Choose the correct answer below
Multiply both sides of the loan payment formula by
b. The price of a car is $24,000. You have saved 20% of the price as a down payment. After the down payment, the balance is financed with a 6-year loan with monthly payments at 9%. Determine the unpaid
balance after three years.
The unpaid balance after three years is $
(Round to the nearest dollar as needed)

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