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andrezito [222]
2 years ago
7

PLease help me with this question

Mathematics
2 answers:
Zinaida [17]2 years ago
7 0

Answer:

D) 168

Step-by-step explanation:

So 12 months in a year

each month tcket sells out for 7 times

2 years=24 months becuase 12*2

Multiply

24*7=168

igomit [66]2 years ago
7 0

Answer:

The answer is D

Step-by-step explanation:

24*7 is 168

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Henry buys a large boat for the summer, however he cannot pay the full amount of $32,000 at
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Answer:

Monthly payments=$418.14

Total amount will be=down payment + 48×$418.14

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Step-by-step explanation:

Loan payment per month=Amount to pay÷discount factor

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\frac{(1+i)^n-1}{i(1+i)^n}

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⇒In this question you find the discount factor then divide the amount remaining to pay with the discount factor to get monthly payments

Given;

Cost of boat=$32000

Down payment=$14000

Loan to pay=$32000-$14000=$18000

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Finding the discount factor D;

D=\frac{(1+i)^n-1}{i(1+i)^n} \\\\\\D=\frac{(1+0.00458)^{48} -1}{0.00458(1+0.00458)^{48} } \\\\\\D=\frac{1.2455-1}{0.005703} \\\\\\D=\frac{0.2455}{0.005703} =43.05

To get the amount to pay monthly divide the loan to pay with the discount factor

=\frac{18000}{43.05} =418.14

Monthly payments=$418.14

Total amount will be=down payment + 48×$418.14

$14000+$20070.84=$34070.84

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