Example:
You owe someone $45.75 which is -45.75. You are able to pay that person the $45.75 which is positive and equivalent to the amount of money you owe. Add them together and you will get 0, meaning you don't owe them any money anymore.
You would do:
t = time in years
14,800 = 10,000(1+0.08/4)^4t
1.48 = 1.02^4t
log_1.02(1.48) / 4 = t
((log 1.48)/ (log 1.02))/4 = t
t ~ 4,949 years
Answer:
Alan can buy the bike for $109.85
Step-by-step explanation:
Start with 100% and subtract the 35% discount. This results in 65%. The bike sells for 65% of $169, which is calculated as follows:
0.65($169) = $109.85
Alan can buy the bike for $109.85 under the terms of this sale.
