Using the monthly payment formula, it is found that:
- Her monthly payments are of $105.46.
- The total finance charge is of $3,111.04.
<h3>What is the monthly payment formula?</h3>
It is given by:
In which:
- n is the number of payments.
Considering that she must pay 20% down, the parameters are given by:
P = 0.8 x 2900 = 2320, r/12 = 0.085/12 = 0.007083, n = 24.
Hence the monthly payments are found as follows:
A = $105.46.
The total finance charge is composed by the <u>down payment plus the 24 monthly payments</u>, hence:
F = 0.2 x 2900 + 24 x 105.46 = $3,111.04.
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Answer:
A. a. 80, 40, 20, 10, … b. 5, 10, 15, 20, …
Step-by-step explanation:
a. 80, 40, 20, 10, …
Common ratio of ½
b. 5, 10, 15, 20, …
Common difference of 5
The horse traveled 439.6 feet after walking around the track 5 times
<u><em>Solution:</em></u>
Given that, horse walks around a circular track while its trainer stands in the center
The trainer is 14 feet from the horse at all times
Therefore, radius of circular track = 14 feet
The circumference of circle is the distance traveled by horse for 1 lap
<em><u>The circumference of circle is given as:</u></em>
Where, "r" is the radius and is a constant equal to 3.14
Thus the distance traveled by horse for one time in circular track is 87.92 feet
<em><u>About how far had the horse traveled after walking around the track 5 times? </u></em>
Multiply the circumference by 5
Thus the horse traveled 439.6 feet after walking around the track 5 times
Each basketball should cost $9.40
R= 6s+t/12
You add 6s and divide 12