Zapisz odpowiedzi w postaciach wyrażeń alegebraicznych:
1 answer:
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Answer:
P = $ 144.99
Step-by-step explanation:
Given data:
cost of home entertainment center is $2665
duration of deferred payment plan is 18 month
interest rate is 24.36%
Total amount to be paid is
A = 3695.88
From the information in the questioon this amount is to be paid in 3 year . Thus we have
Monthly payment is =
p = monthly payment
Pv = present value = 3695.88
r =rate per period
n = number of period
plugging all value in the above formula
P = $ 144.99
For this case we have that by definition, the equation of the line of the slope-intersection form is given by:
Where:
m: It's the slope
b: It is the cut-off point with the y axis
We have two points through which the line passes:
We found the slope:
Substituting we have:
Thus, the equation is of the form:
We substitute one of the points and find the cut-off point:
Finally, the equation is:
ANswer: