Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Corrie bought a new flat screen 70 inch television and a speaker system from a local electronics store on credit. The store will charge 18% per year compounded monthly. Their monthly payments are $204.80 for 4 years. What is the cash price of her purchase?
1. Identify the type of problem.
a. Future Value with compound interest.
b. Present Value with compound interest.
c. Present Value of an Annuity.
d. Future Value of an Annuity.
e. Future Value with simple interest.
2. Answer the question in the problem.
a. $4,881.09.
b. $5,262.72.
c. $9,261.57.
d. $7,247.31.
e. $6,971.91.

Sagot :

1 the correct answer is c
And 2 is d
:):)h
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.