There is one solution that the intersecting lines have cause two solution doesn't have the same slope.
Answer:
<em>5</em><em>x</em><em> </em><em>=</em><em> </em><em>1</em><em>/</em><em>4</em>
<em>X </em><em>=</em><em> </em><em>2</em><em>0</em><em> </em>
<em>hope</em><em> </em><em>it</em><em> </em><em>helps</em><em> </em><em>u</em><em> </em><em>if </em><em>yes</em><em> </em><em>then</em><em> </em><em>foll</em><em>ow</em><em> me</em>
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