The correct answer is -10
Answer:
45 degrees
Step-by-step explanation:
Answer:
100
Step-by-step explanation:
Answer:
$167.50
$1507.50
$134
Step-by-step explanation:
Given that:
Cost of sound system = 1675
APR, = 12%
Down payment = 10%
Number of monthly payments = 12
r = 0.12 / 12 = 0.01
Amount of down-payment :
10% * cost of sound system
0.1 * 1675 = $167.50
Amount to be financed :
$1675 - $167.50
= $1507.50
Monthly repayment :
Using the relation :
A / {[(1+r)^n]-1}/[r(1+r)^n]
1507.5 / (1+0.01)^12-1)/(0.01(1+0.01)^12)
1507.50 / 0.1268/(0.01 * 1.1268)
1507.50 ÷ (0.1268/0.01126)
1507.50 ÷ 11.25
= $134
