9514 1404 393
Answer:
- $304
- $91.83
Step-by-step explanation:
1. The finance charge is found from the simple interest formula;
I = Prt
where P is the principal amount, r is the annual rate, and t is the number of years.
24 months is 2 years, so the interest charged is ...
I = $1900×0.08×2 = $304
The finance charge is $304.
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2. The monthly payment will be the total amount due, divided by the number of months.
payment = ($1900 +304)/24 = $2204/24 ≈ $91.83
The monthly payment is $91.83.
Answer:
99%, because as the level of confidence increases, Zc increases.
Step-by-step explanation:
What you would do is you would keep subtracting (I recommend a calculator for this task) from both accounts until you get an equal amount for each. You would also have to record this down that way you know each time what you got. (And please do not put the calculator part). Really hope this helps!!!
