This question can be approached using the present value of annuity formula. The present value of annuity is given by

, where: PV is the present value/amount of the loan, P is the periodic (monthly in this case) payment, r is the APR, t is the number of payments in one year and n is the number of years.
Given that the<span> financing is for a new road bike of $2,500 and that the bike shop offers a 13.5% APR for a 24 month loan.
Thus, PV = $2,500; r = 13.5% = 0.135; t = 12 payments (since payment is made monthly); n = 2 years (i.e. 24 months)
Thus,
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Therefore, his monthly payment is $119.44</span>
Answer:
How many cups of food are in the 26 lb bag? There are about 4 cups per pound, so the 26 pound bag will contain approximately 104 cups.
Step-by-step explanation:
Answer:
$29.70
Step-by-step explanation:
1. First, we have to find how much 10% of 33 is!
2. Okay, now that we know 3.3 is 10% of 33, we need to subtract 3.3 from 33 to get the amount Jen will pay for the dress.
Therefore, Jen will pay $29.70 for the dress.
Answer:
<u>No solution it IS STUPID.</u>
Step-by-step explanation: