Answer:
16 times
Step-by-step explanation:
Membership cost:
C = 135 + 2x
Non-members:
C = 11x
____
135 + 2x = 11x
135 = 9x
x = 15
The cost would be the same after renting 15 times, so after 16 times the cost would be cheaper for a member.
hope it helps you!!!!!!!!!
Answer: The monthly payments for a $5,000 loan would $146.51.
Step-by-step explanation: How it looks in the TVM Solver formula:
N = 36 ( 3 (years) x 12 (monthly payments) )
I% = 3.5%
PV = $5,000
PMT = 146.51 (or 146.08 if you choose BEGIN)
FV = 0
P/Y = 12 (months)
C/Y = (12 (months)
PMT: <u>END</u> | BEGIN
