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Delicious77 [7]
3 years ago
6

The price of a refrigerator is 2,199.99 for an 18 month loan. If a $300 down payment has been made, what is the monthly payment?

Mathematics
1 answer:
Troyanec [42]3 years ago
7 0

Answer:

This is verry easy! Is 105.56,do u need expabation?

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Orlando invests $1000 at 6% annual interest compounded daily and Bernadette invests $1000 at 7%
Montano1993 [528]

Answer:

6 Years

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Orlando invests $1000 at 6% annual interest compounded daily.

Orlando's investment = A=1000(1+\frac{0.06}{365})^{(365\times t)}

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Bernadette's investment = A = 1000(1+0.07×t)

By trail and error method we will use t = 5

Bernadette's investment will be after 5 years

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Orlando's investment after 5 years

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After 5 years Orlando's investment will not be more than Bernadette's.

Therefore, when we use t = 6

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