2 years ago

IT WIFE What is the measure of the missing angle?

Mathematics

2 answers:

Ilya [14]2 years ago

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dimaraw [331]2 years ago

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Barbara purchased a home entertainment center for $2,665 using an 18-month deferred payment plan with an interest rate of 24.36%

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P = $ 144.99

Step-by-step explanation:

Given data:

cost of home entertainment center is $2665

duration of deferred payment plan is 18 month

interest rate is 24.36%

Total amount to be paid is $= P(1+ \frac{R}{100})^t$

$= 2665 (1+ \frac{24.36}{100})^1.5$

A = 3695.88

From the information in the questioon this amount is to be paid in 3 year . Thus we have

Monthly payment is =

$P = \frac{r(Pv)}{1 - (1+ r)^{-n}}$

p = monthly payment

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n = number of period $= 12\times 3 = 36$

plugging all value in the above formula

$P = \frac{0.020\times 3695.88}{1 - (1+0.020)^{-36}}$

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2 years ago