redthangracing
02.12.2021 •
Mathematics
QUESTION 7
A law firm buys a computerized word-processing system costing $10,000. If the firm pays 20% down and amortizes the rest with equal
monthly payments over 5 years at 9% compounded monthly, what will be the monthly payment?
$207.58
$166.07
$2,045.22
$1,636.18
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Ответ:
$370.85
Step-by-step explanation:
The following expression shows the amount of money in the account after x weeks.
If $20.50 was added to the account for 10 weeks we can substitue 10 as the x:
$370.85 will be in the account after 10 weeks