Asked by zek
Dexter purchased a flat screen TV for $3,300. With a down payment of $900,he was able to finance the balance at 8% for 5 years. Find the quarterly payments.
A. $601.10
B. $201.83
C. $146.78
D. $826.52
A. $601.10
B. $201.83
C. $146.78
D. $826.52
Answers
Answered by
Reiny
P(1 - (1 + .08/4)^-20)/(.08/4) = 2400
P(1 - 1.02^-20)/.02 = 2400
P = 146.78
P(1 - 1.02^-20)/.02 = 2400
P = 146.78
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