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varonadestiny1109
05.02.2020 •
Mathematics
Carl carpenter buys a drill press. the price, including tax, is $725.00. he finances the drill press over 24 months after making a $50 down payment. the true annual interest rate is 14%. what are carl's monthly payments (principal plus interest)?
amount of interest to the nearest penny, c = $ .
total of payments = amount financed + c = $ .
total of payments ÷ number of payments = monthly payment = $ .
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Ответ:
$36
Step-by-step explanation:
The price of the drill press= $725
Down payment = $50
So, principal amount = $725-$50 =$675
He finances the drill press over 24 months
Time = 24 months = 2 years
No. of payments = 24
Rate of interest = 14 % = 0.14
Where time must be in years
So,![Interest =675 \times 0.14 \times 2](/tpl/images/0502/4192/14933.png)
Now we are given that Total of payments = amount financed + c
Total of payments = 675+189 =$864
Monthly payment = Total of payments ÷ number of payments
So,Monthly payment = 864÷24
Monthly payment = $36 = 3600 pennies (1 dollar = 100 pennies).
Hence the Carl's monthly payments is $36
Ответ:
my dude the anwser is 13
Step-by-step explanation:
x + 3 = 2x -7
20=x