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inessss [21]
3 years ago
7

An appliance is for sale at either (a) P15,999 cash or (b) on terms, P1,499 each month for the next 12 months.  Money is 9% comp

ounded monthly.  Which is lower, the cash price or the present value of the installment terms? Explain.​
Mathematics
1 answer:
frutty [35]3 years ago
5 0

Answer:

Cash price

Step-by-step explanation:

The computation is shown below:

The Interest rate per month (r) = (9% ÷ 12) = 0.75%

Now Present value of the monthly payment is

= PMT × {[(1 + rate of interest)^number of years - 1] ÷ rate of interest}

= 1,499 × {[(1 + 0.75%)^12 - 1] ÷ 0.75%}

= 18,748.89

And the cash price is 15,999

So, the cash price would be lower

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Since the discriminant given has a value that is greater than zero, hence  the roots of the quadratic equation are real and distinct.

<h3>Discriminant of a quadratic equation</h3>

Quadratic equation is an equation that has a leading degree of 2. The discriminant is used to determine the nature of the equation

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2 years ago
Carly wants to add texting to her cell phone plan. She has two choices in texting packages. The TURKEY plan charges $.15 per tex
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Let x be the number of texts (amount of texts) Carly does in a month.

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For the GOBBLE plan, the equation will be: y=0.2x.

In this plan as there is no fixed charge, Carly wont have to pay anything extra if they dont make a call.


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3 years ago
suppose that the first player draws a silver marble and wins a small prize what is the probability that the second player will a
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Answer:

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Step-by-step explanation:

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