Michael buys a basket of mangoes on sale for $4 before tax. The sales tax is 12%. What is the total price Michael pays for the b
2 answers:
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Answer:
<h2>Option A is the answer(here the answer is calculated taking the whole value, without approximating it to a nearest value)</h2>Step-by-step explanation:
Annual interest rate is 2.75%. Hence, the monthly interest rate is
The amount will be compounded times.
Every month they deposits $500.
In the first month that deposited $500 will be compounded 240 times.
It will be
In the second month $500 will be deposited again, this time it will be compounded 239 times.
It will give
Hence, the total after 20 years will be
D + 3n = 1 Subtract d from both sides
3n = 1 - d Divide both sides by 3
n =
3n = 1 - d Divide both sides by 3
n =
Answer:
The monthly payment will be $531.12
Step-by-step explanation:
Consider the provided information.
After paying $5,000 down payment you need to pay:
$29,000-$5,000=$24,000
APR is 2.99% or APR = 0.299%
Therefore,
n = 48
We can calculate the monthly payment by using the formula:
Where P is the monthly payment, PV is the present value, r is the rate per period and n is the number of period.
Substitute the respective values in the above formula we get,
Hence, the monthly payment will be $531.12