Mathematics High School

An appliance is for sale at either (a) P15,999 cash or (b) on terms, P1,499 each month for the next 12 months.  Money is 9% compounded monthly.  Which is lower, the cash price or the present value of the installment terms? Explain.​

Answers

Answer 1

Answer:

Cash price

Step-by-step explanation:

The computation is shown below:

The Interest rate per month (r) = (9% ÷ 12) = 0.75%

Now Present value of the monthly payment is

= PMT × {[(1 + rate of interest)^number of years - 1] ÷ rate of interest}

= 1,499 × {[(1 + 0.75%)^12 - 1] ÷ 0.75%}

= 18,748.89

And the cash price is 15,999

So, the cash price would be lower

Answer 2

The cash price would be lower. A further explanation is below.

According to the question,

Interest rate per month,

[tex]r = \frac{9 \ percent}{12}[/tex]

  [tex]= 0.75[/tex] (%)

hence,

The Present value of the monthly payment will be:

= [tex]PMT\times \frac{{(1 + Interest \ rate)^{number \ of \ years} - 1}}{Interest \ rate}[/tex]  

= [tex]1499\times \frac{[(1 + 0.75 \ percent)^{12} - 1] }{0.75 \ percent}[/tex]  

= [tex]18748.89[/tex]

As we can see that the cash price is 15,999. Thus the above answer is right.

 

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9514 1404 393

Answer:

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Step-by-step explanation:

We notice that the answer choices have only the first equation changed. The equivalent of the first equation must have the same ratios of coefficients.

  x-coefficient : y-coefficient : constant

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Answers

Answer:

2 1/4

Step-by-step explanation:

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Answers

Answer:

Step-by-step explanation:

1. x = 11.2

2. 13

3. 9

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5. 15b

6. -12x + 16

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Hope that helps, and good luck!

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Answer is 2 . I hope this helps .

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Answers

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

Answer:

Since g(x) = f(2x), this means we substitute 2x in place of x for f(x):

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Answer:

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Step-by-step explanation:

Hello There!

Complementary angles add up to equal 90

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Answer:

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Answers

Answer:

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Step-by-step explanation:

....................

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Answers

Answer:

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Step-by-step explanation:


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Answers

about 16 copies cost the same amounts

Answer:

I believe it would be 15 copies.

Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

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Answers

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

Step-by-step explanation:

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