I'm not sure about the given data but I plotted the scatter plot based on what I understand on how the data should be presented.
Time (years)
3, 6, 9, 12, 15, 18, 21, 24
Number of participants(x1000)
22, 25, 28, 14, 17, 20,15, 9
Attached is the scatter plot created online.
x = time (years)
y = number of participants
Answer:
Step-by-step explanation:
Answer:
1.) 9.2
2.)
625
633
the dealer
8.81
Step-by-step explanation:
I'm gonna assume that cm= compounded monthly
1.)
effective rate: .153/12= .01275
x= payments

2.)
If there is no interest rate attached to financing through the deal the payment is just
37500/60 = 625
The monthly payment from the bank has a present value of 37500-3000=34500
and the effective rate is .039/12= .00325

Finally, the amount we save is just the difference
633.81-625=8.81