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tatyana61 [14]
3 years ago
6

For this week only, you can buy a Dell for $2988, including taxes. Included in the offer is a finance option for 4 years at an a

nnual percentage rate of 3.5%. Find the monthly payment.
Mathematics
1 answer:
rewona [7]3 years ago
8 0

Answer:

$66.80

Step-by-step explanation:

The monthly payment can be computed using the pmt formula in excel spreadsheet as shown below:

=pmt(rate,nper,-pv,fv)

the rate is the interest rate of 3.5% divided by 12 months to show interest rate per month

nper is the number of months it would take to complete the payments which is 4 years multiplied by 12 months i.e 48 months

pv is the cost of the gadget at $2,988

fv is the sum of all month payments which is not unknown

=pmt(3.5%/12,48,-2988,0)=$66.80  

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If you invest $100 into an account that earns 9% interest each year, how many years will it take for you to have $200?
Helga [31]
It does not say simple or compound interest.
Simple interest is rarely used these days, so assume compound.
Use the standard formula:
future value = present value*(1+rate/n)^(nt)
n=number of times interest is compounded per year (=1)
t=number of years
Plugging values,
200=100(1.09)^t
1.09^t = 2
take log
t(log(1.09))=log 2
t=log(2)/log(1.09)=0.6931/0.08618=8.04 years.
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3 years ago
7 yd 2 ft = How many feet ?
Lilit [14]
1 yard = 3 feet

7 yard = 21 feet

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4 years ago
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3 years ago
Is this a function?<br><br> A) Yes<br> B) No
Vinil7 [7]

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Step-by-step explanation:

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3 years ago
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4(1-2b)+7b-10
likoan [24]

Answer:

if you're simplifying, it should be = -1b - 6

Step-by-step explanation:

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