3 years ago

Common differences among the

Mathematics

1 answer:

drek231 [11]3 years ago

3 0

The x is horizontal on a graph and then the y axis is vertical on a graph.

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Andre45 [30]

Answer:

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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%

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$= 2665 (1+ \frac{24.36}{100})^1.5$

A = 3695.88

From the information in the questioon this amount is to be paid in 3 year . Thus we have

Monthly payment is =

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p = monthly payment

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r =rate per period $= \frac{24.36}{12} = 0.020$

n = number of period $= 12\times 3 = 36$

plugging all value in the above formula

$P = \frac{0.020\times 3695.88}{1 - (1+0.020)^{-36}}$

P = $ 144.99

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