The original price of the TV was $2000 and it was 20% off. How much did Mr. Scott pay for the TV? Please show the work!
1 answer:
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Lets solve the problem through compound interest formula,
The number of months are 360
The account pay interest rate is 5.1 %compounded monthly.
The amount withdraws each month is $2154
The value of n is 360.
The value of is<em> i</em> is 5.1%
So,
Hence the value of principal is $396721.78
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