Carl Carpenter buys a drill press. The price, including tax, is $725.00. He finances the drill press over 24 months after making a $50 down payment. The true annual interest rate is 14%. What are Carl's monthly payments (principal plus interest) ?
Amount of Interest to the nearest penny, c = $.
Total of payments = amount financed + c = $.
Total of payments : number of payments = monthly payment = $.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Carl Carpenter buys a drill press. The price, including tax, is $725.00. He finances the drill press over 24 months after making a $50 down ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Solve for R. 2T=5RS R=5ST2 R=2S5T R=25ST R=2ST5
Answers (1)
The owner of an apartment building wants to install a cylindrical water tank on its side (the base circles on either end) in the basement. The ceiling is 8 feet high, and the space to install in the basement is 8 feet long.
Answers (1)
Keenan currently does a total of 8 pushups each day. He plans to increase the number of pushups he does each day by 2 pushups until he is doing a total of 30 pushups each day.
Answers (2)
2/5ab (a fraction) What are the factors of the expression?
Answers (1)
At Wayne College, 3/4 of the students are enrolled in an art class. Of the students enrolled in an art class, 1/4 are enrolled in a painting class. What fraction of the students at Wayne College are enrolled in a painting class?
Answers (1)