Answer:
$495
Step-by-step explanation:
Take baseline amount of 75 dollars and divide it by 4. This will get you to the answer 11.25. Use 11.25 and multiply it by what she received in rewards. 11.25 times 44 equals....495!
Answer:
0;3,6;9................................
9514 1404 393
Answer:
$503.85
Step-by-step explanation:
The amortization formula can help with this.
A = P(r/12)/(1 -(1 +r/12)^(-n))
where P is the loan value, A is the monthly payment, r is the annual interest rate, and n is the number of monthly payments.
We want to find P. All of the other values are given.
P = A(1 -(1 +r/12)^-n)/(r/12)
P = 32.48(1 -1.012667^-18)/(0.012667) = 31.48·16.0054
P ≈ 503.85
The equivalent cash price is about $503.85.
