I don’t get what you mean. Reword it
Answer:
Step-by-step explanation:
Answer-116
Answer:
4(-w+8)
Step-by-step explanation:
-4w+32
32dividedby-4
w=-8
First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
The total cost of the lease would be $17,200. This is because $300 payment for 24 months is equal to $7,200 + $1,000 (down payment) and + the residual value of $9,000 = $17,200.