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Andru [333]
3 years ago
6

Joe Summers buys a gas grill and accessories. The cost, including tax, amounts to $850.00. Joe finances the grill over 12 months

after making a $150 down payment. The true annual interest rate is 14%. What are Joe's monthly payments (principal plus interest)?
To the nearest penny, c = $.
Total of payments = amount financed + c = $.
Total of payments ÷ number of payments = monthly payment = $
Mathematics
1 answer:
Anettt [7]3 years ago
7 0

Answer:

$66.5

Step-by-step explanation:

The cost, including tax, amounts to $850.00.

Down payment =$150

Amount after paying down payment = $850-$150=$700

Interest rate = 14 %

So, interest on $700 = \frac{14}{100} \times 700 =98

So, c = $98

Total payment = amount financed + c  = 700+98=$798

Now Joe finances the grill over 12 months

So, no. of payments = 12

Now Monthly payment = Total of payments ÷ number of payments

                                        =798 ÷ 12

                                        =$66.5

Hence Joe's monthly payments (principal plus interest) is $ 66.5

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Answer:

True.

Step-by-step explanation:

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In a company, 37% of 1500 employees are females.work out the number of males in the company.
a_sh-v [17]
Formula:

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3 years ago
Mr. Kohl has a breaker containing n milliliters of solution to distribute to the students in his chemistry class. If he gives ea
77julia77 [94]

Answer:

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Step-by-step explanation:

Mr. Kohl has a "x" amount of solution, if he divides it by the number of students "n" he'll give each student 3 milliliters  and have a left over of 5 milliliters. If the amount of solution Mr. Kohl had was "x + 21" then he'd be able to give each student 4 milliliters of the solution. From these informations we have:

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