Answer:
Cash price
Step-by-step explanation:
The computation is shown below:
The Interest rate per month (r) = (9% ÷ 12) = 0.75%
Now Present value of the monthly payment is
= PMT × {[(1 + rate of interest)^number of years - 1] ÷ rate of interest}
= 1,499 × {[(1 + 0.75%)^12 - 1] ÷ 0.75%}
= 18,748.89
And the cash price is 15,999
So, the cash price would be lower
It is in the hundrethds place
The answer would be -7/8. Hope this helps!
Answer:
$2600
Step-by-step explanation:
Im not too fond of the conversion of Pounds and USD. But if it were USD 2/5 of the amount would be $2600
