Answer:
$18,495
Step-by-step explanation:
The wholesale cost to the dealership is 100% of $13,500.
Then the dealership adds 37% of $13,500.
100% + 37% = 137% = 1.37
The retail price of the car is 1.37 times the wholesale price.
$13,500 × 1.37 = $18,495
Answer:
C. x=12
Step-by-step explanation:
Answer:
b. Function A has a greater rate of change than Function B has
It seems the real problem here is
1) determining the amount of time
2) determining the interest rate
Using a loan payment calculator, http://www.1728.org/mortmnts.htm
we determine that $235,000.00 financed for 30 years at a 7.7215% interest rate yields a monthly payment of $1,678.94
When financing a mortgage, (for example 30 years) in the early years of the mortgage, the vast majority of the payment goes to interest.
So, for your first payment, of $1,678.94, the amount going to interest is $1,512.13 and the amount going to principal is $166.81.
Basically, after spending $1,678.94 on your first mortgage payment, you actually own (the equity) $166.81.
A because it’s the closet to 0!
