« previous next »

Author Question: Becky Lewis financed the construction of a garage on her lot with a 9.3 add-on interest home ... (Read 64 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 24, 2018
Becky Lewis financed the construction of a garage on her lot with a 9.3 add-on interest home improvement loan from the Guaranteed Savings Bank. The total price of the garage was 11,860 and was financed with equal monthly payments for 6 years. a. What is the total deferred payment price of the garage? b. How much are the monthly payments on the loan? (Round to the nearest cent)

Question 2

A plumbing supply store sells four times as many gas stoves as wood burning stoves. If sales for the month of both types totaled 65 stoves, how many gas stoves were sold?


deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 18,477.88
b. 256.64

Answer to Question 2

52 gas stoves


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
How to calculate present value using the compound interest formula (Question 2) How to calculate present value using the compound interest formula (Question 2)
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Corpus Callosum Animation

For a complete list of videos, visit our video library