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serious [3.7K]
3 years ago
14

68. If Fran can only pay $250 per month, what is the most expensive boat she can buy without a down payment?

Mathematics
1 answer:
damaskus [11]3 years ago
3 0

Answer:

If she buys a boat without a down payment, then the affordable price is 5,700.

Step-by-step explanation:

Her bank charges 5% interest per year.

Let, payment = p,

p = 250(\frac{1-(1+\frac{0.05}{12})^-24}{\frac{0.05}{12}})

p = 5698.47

After round off p = 5700

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5 0
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Please I will rate you with 5 stars just please help me with this problem
olchik [2.2K]

Answer:

D

Step-by-step explanation:

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3 years ago
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Nataly_w [17]

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Step-by-step explanation:

7 0
4 years ago
Read 2 more answers
For accounting purposes, the value of assets (land, buildings, equipment) in a business are depreciated at a set rate per year.
lidiya [134]

Answer: $ 125987.80

Step-by-step explanation:

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The exponential decay function is given by ;-

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where b = 1-r, r is the rate of decay.

Since r = 15%=0.15

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4 0
3 years ago
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The two parallelograms below are similar.
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