Question

Josh wants to buy a car for $25 000. He puts down a down payment of $2500.
a) Since he is paying a down payment of $2500, how much money does he have to borrow?
b) The car dealer offers him a loan for 5.9% per year compounded monthly for 5 years. What would Josh's car payments be on the amount of his annuity?
c) Josh needs to lower his car payment by $100 each month. What could he do? Justify your strategy.​

Answer 1

Answer:

the answer is (b)

Step-by-step explanation:

he offer the lone for 5.9