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Sagot :
Answer:
$2,660
Step-by-step explanation:
9.5% of 1300 is 123.5
So to figure out what the rent would cost in 11 years, we just have to multiply 123.5 by 11.
123.5 × 11 = 1358.5
We can then add that number to 1300.
1358.5 + 1300 = $2658.5
Then we round.
Your final answer would be:
$2,660
Answer:
$3221.70 per month.
Step-by-step explanation:
After 1 year the monthly rate is 1300 * 1.095
= $1423.50 - that is during the second year.
The third years rent will be 1423.50 * 1.095 ( = 1300 * 1.095^2 - and so on every year.
During the 11th year it will be 1300 * 1.095^10
= $3221.70 per moth.
=
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