A student decides to finance a used car over a 5 yr 60 month period After making a down payment of 1000 the remaining cost of

Question

A student decides to finance a used car over a 5 yr 60 month period After making a down payment of 1000 the remaining cost of the car including tax and Interest is 14 820 The amount owed y A t In is given by A t 14 820 247t where t is the number of months after purchase and 0 st 60 Determine the t intercept and y Intercept and Interpret their meanings in context Amount Owed on Vehicle after Months Amount Owed 15000 12000 9000 6000 3000 10 10 A t 14 820 247t 20 40 Number of Months t

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