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Science-Related Homework Help Mathematics Topic started by: Hillier on Nov 27, 2017



Title: Jessica bought a bedroom suite on credit, signing an installment contract with a finance company ...
Post by: Hillier on Nov 27, 2017
Jessica bought a bedroom suite on credit, signing an installment contract with a finance company that requires monthly payments of $100.00 for 5 years. The first payment is made on the date of signing and interest is 24% compounded monthly.
a) What was the cash price?
b) How much will Tricia pay in total?
c) How much of what she pays will be interest?


Title: Re: Jessica bought a bedroom suite on credit, signing an installment contract with a finance company ...
Post by: josan on Nov 27, 2017
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