9514 1404 393
Answer:
- $137.90 more each month
- $246.00 less total interest
Step-by-step explanation:
The amortization formula is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for the monthly payment on principal P at annual rate r for t years. Here, we have P=3300, r = 0.14, and t=1, so the monthly payment is ...
A = $3300(0.14/12)/(1 -(1 +0.14/12)^-12) ≈ $296.30
The payment of $296.30 is ...
$295.30 -158.40 = $137.90 . . . more each month
The total amount paid is 12×$296.30 = $3555.60, so 255.60 in interest. This amount is ...
$501.60 -255.60 = $246.00 . . . less total interest
Subtract the payment from the previous balance:
4236.87 - 3200 = 1036.87
Now add his total purchases:
1036.87 + 989.42 = 2026.29
This is the total amount he owes, now subtract that from his credit line:
8500 - 2026.29 = 6473.71
His available credit is $6,473.71
Figure
We need it
Mark brainliest please
Hope this helps
The answer is got was multiplying 4.8 times 60 and I got 288. Btw we have the same computer lol
Answer:
6 is the answer
Step-by-step explanation:
6
