Answer:
a) The value of the Annual Payment is A=$17,258.80
b) Is the picture in the attachment file
c) As you can see it in the picture with each payment, balance comes down, due it is the interest base, Interest portion comes down too.
Step-by-step explanation:
Hi
a) First of all, we are going to list the Knowns:
,
% and
, Then we can use
. So this is the value of the Annual Payment
The complete question in the attached figure
we have that
the value of the digit in the hundreds place in the number 653,841 is---> 800
case A) 748,917
the value of the digit in the thousands place------> 8000
1/10 the value of the digit is-------> (1/10)*8000=800
800=800---------------> is ok
case B) 749,817
the value of the digit in the thousands place------> 9000
1/10 the value of the digit is-------> (1/10)*9000=900
900 is not 800
case C) 784,817
the value of the digit in the thousands place------> 4000
1/10 the value of the digit is-------> (1/10)*4000=400
400 is not 800
case D) 797,481
the value of the digit in the thousands place------> 7000
1/10 the value of the digit is-------> (1/10)*7000=700
700 is not 800
the answer is
the option A) 748,917
T= total cost
n= number of days
Total cost equals the cost per day times the number of days plus the fee.
T= $39n + $65
substitute 5 for n
T= 39(5) + 65
T= 195 + 65
T= $260 total cost
Hope this helps! :)