Yesenia purchased a car for $16,789.23. She obtained a 72 month term loan at an interest
rate of 3.74%. Her monthly payment is $260.69.
Using the following balance function to calculate the balance owed after the 60th payment.
Round your answer to the nearest penny. Input the dollar sign followed by the number. Do
not put a space between the dollar sign and the number. Do not use a comma. Example:
$4536.21
12-t
1 +
B(t) = Bo
(1+)-
12
-M.
(뜻)
-
1