Reply
Mon 15 Jan, 2007 10:57 pm
Jennifer bought a brand new sports car. The price of the car was $14,900 including sport wheels, an AM/FM CD stereo, and automatic transmission. The dealer gave her a $1,250 instant rebate on the price and 0% interest for 60 months. Jennifer made a down payment of $750. What would be the expression for Jennifer's monthly payments if she takes 60 months to pay the remaining balance?
(a) (14900 + 750 + 1250) / 60
(b) 14900 / (750 + 1250 * 60)
(c) (14900 - (750 + 1250)) / 60
(d) (14900 - 750 - 1250) * 60
(e) 14900 + (750 - 1250) / 60
Re: Monthly Payments
The expression for Jennifer's monthly payments would be "**** why do I have to pay so much!"
(c) (14900 - (750 + 1250)) / 60
I want to know where I can get a brand new sports car for less than $15K.
Al's Used Cars and Parts
right of Main Street and 7th
At Al's, they are "brand new"
Al runs a chop shop, right?
That's what I'm thinking, Rog.
Er, shark, shouldn't that be a declining balance amortization?
Stumble It!
Tweet This
Bookmark on Delicious
Share on Facebook
Share on MySpace