The total amount paid in monthly payments is found by multiplying $70 by 10. This is the only information that is needed to find the amount paid over 10 months.
70 x 10 = $700
Ennifer will pay $700 in monthly payments.
Answer:
Examples are below
Step-by-step explanation:
-6/4, -9/6, -15/10, -18,12, and -24/16
Answer:
1
Step-by-step explanation:
Answer:
$5,674.30
Step-by-step explanation:
Use the Compound Amount formula:
A = P(1 + r/n)^(n*t), where r = APR as a decimal fraction = 0.1499
and n = 12 (compounded monthly).
Then A = $2,000(1 + 0.1499/12) )^(7*12)
= $2,000(1 + 0.0125)^84
= $2,000(1.0125)^84 = $2,000(2.837) = $5,674.30
