Can you guys help me with this question? PLEASEEEEE
2 answers:
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Answer:
see below
Step-by-step explanation:
When you must do the same tedious calculation several times with different numbers, it is convenient to let a spreadsheet program do it for you. Here, the spreadsheet function PMT( ) computes the payment amount for the given interest rate, number of payments, and loan amount.
The loan amount is 90% of the purchase price.
The total interest over the life of the loan is the sum of the payments less the original loan amount.
The total monthly payment is the sum of the loan payment and the monthly escrow amount, which is 1/12 of the annual escrow amount.
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Here, we computed the total of payments using the unrounded "exact" value of each payment. We take this to be a better approximation of the total amount repaid, since the last payment always has an adjustment for any over- or under-payment due to rounding.
Answer:
The cost of per ounce of oat cereal is $0.04 less than per ounce cost of rice.
Step-by-step explanation:
Given:
Cost of 15 ounces of oat cereal box = $3.90
Cost of 11 ounces of rice box = $3.30
To compare the unit prices of the the boxes.
Solution:
Using unitary method to find the unit prices:
If 15 ounce of oat box cost =$3.90
∴ 1 ounce of oat cereal would cost =
∴ Per ounce cost of oat cereal = $0.26
If 11 ounce of rice box cost =$3.30
∴ 1 ounce of rice would cost =
∴ Per ounce cost of rice = $0.3
Difference in unit costs of oat and rice =
On comparing the the unit costs of oats and rice, we find out that the cost of per ounce of oat cereal is $0.04 less than per ounce cost of rice.