Answer:
$9052
Step-by-step explanation:
a= starting car price
(1-r)= exponential decay
r= rate
t= # of years
Equation:
a(1-r)^t
Plug in the numbers.
a= 24000 r=15%=0.15 (1-r)= 1-0.15 = 0.85
a(1-r)^t = 24000(0.85)^6
= 24000(0.37714951562)
= 9051.588375
= 9052
Answer:
8 10ths
Step-by-step explanation:
in simplest form it would be that but not in simple from also that
Answer:
I think it's gonna be 100.
Step-by-step explanation:
Answer:
90+15x+8x-2=180
Step-by-step explanation:
answer is 4
have a great day love!
Answer:
a) $13588.08
b) $688.08
Step-by-step explanation:
Melissa had to purchase $12,900 worth of machinery for her business.
She made a down payment of $2100 and after that made monthly payments of $478.67 for the business loan for the rest.
Given that after years of paying monthly payments of $478.67, she finally paid off the loan.
Assume that she took 2 years to repay the loan.
a) Therefore, the total amount Melissa ended up paying for the machinery was $[2100 + (478.67 × 24)] = $13588.08 (Answer)
b) Therefore, the amount of interest that Melissa pay on the loan is $(13588.08 - 12900) =$688.08. (Answer)
