Using the monthly payment formula, it is found that:
- Her monthly payments are of $105.46.
- The total finance charge is of $3,111.04.
<h3>What is the monthly payment formula?</h3>
It is given by:
In which:
- n is the number of payments.
Considering that she must pay 20% down, the parameters are given by:
P = 0.8 x 2900 = 2320, r/12 = 0.085/12 = 0.007083, n = 24.
Hence the monthly payments are found as follows:
A = $105.46.
The total finance charge is composed by the <u>down payment plus the 24 monthly payments</u>, hence:
F = 0.2 x 2900 + 24 x 105.46 = $3,111.04.
More can be learned about the monthly payment formula at brainly.com/question/26267630
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Let P = the value of the initial deposit.
Given:
A = 2,033.88, the current amount
r = 2.9% = 0.029, interest rate
n = 12, compounding interval
t = 9 years
Then
That is,
P(1 + 0.029/12)¹⁰⁸ = 2203.88
1.2978P = 2203.88
P = $1,698.17
Answer: $1,698.17
The lengths of the segments can be calculated using:
d = √[(y₂-y₁)² + (x₂-x₁)]²
First, we calculate the length of AB using this formula:
L(AB) = 10
Then, we calculate the length of A'B':
L(A'B') = 3
Therefore, the scale factor is: L(A'B') / L(AB) = 3/10
Answer:
b
Step-by-step explanation:
35×.2= 7 dollars is being taken away from the sale.
35-7= 28 dollars which is the new cost.
28×.06=1.68
28+1.68=29.68 final cost of jeans
or you can do 28×1.06= 29.68 final cost of jeans.
