Kawai requires a loan of $33,000 to buy a used sport utility vehicle. His banks offers financing at 6.75% compounded monthly, for a term of 6 years, payable monthly. What is the total cost of this loan?

$49,126.87

Step-by-step explanation:

Given data

Principal= $33,000

rate= 6.75%

Time= 6 years

First, convert R as a percent to r as a decimal

r = R/100

r = 6.65/100

r = 0.0665 rate per year,

Then solve the equation for A

A = P(1 + r/n)^nt

A = 33,000.00(1 + 0.0665/12)^(12)(6)

A = 33,000.00(1 + 0.005541667)^(72)

A = $49,126.87

Hence the final amount is  $49,126.87

yes

step-by-step explanation:

answer: yard ramps with a level off platform are typically 36 feet long. truck, rather than at an angle, enabling access to those pallets at the very back of the truck. if you are using your yard ramp to convert a loading dock into a drive-in door, we even at 60 inches (5 feet) high and a 30 foot ramp, the slope of the ramp will be less

step-by-step explanation: