Answer:
I believe 7x, 4y, and 1
Step-by-step explanation:
I belive the answer is C.
Present value of annuity PV = P(1 - (1 + r/t)^-nt) / (r/t)
where: p is the monthly payment, r is the APR = 14.12% = 0.1412, t is the number of payments in one year = 12, n is the number of years = 2.
1,120.87 = P(1 - (1 + 0.1412/12)^(-2 x 12)) / (0.1412 / 12)
0.1412(1120.87) = 12P(1 - (1 + 0.1412/12)^-24)
P = 0.1412(1120.87) / 12(1 - (1 + 0.1412/12)^-24) = $53.88
Minimum monthly payment = 3.15% of 1120.87(1 + 0.1412/12) = 0.0315 x 1120.87(1 + 0.1412/12) = $35.72
Therefore, his first payment will be greater than the minimum payment by 53.88 - 35.72 = $18.16
Subtract to find the amount of tax paid:
1890 - 1800 = 90
Divide the amount of tax by the price of the computer:
90 / 1800 = 0.05
Multiply the decimal by 100:
0.05 x 100 = 5%
The tax rate is 5%
Answer:
(y-5) ÷ 2
Step-by-step explanation:
