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Author Question: Becky Lewis financed the construction of a garage on her lot with a 9.3 add-on interest home ... (Read 44 times)

nummyann

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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

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 18,477.88
b. 256.64

Answer to Question 2

52 gas stoves


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