Find the annual percentage rate

Assignment Help Mathematics
Reference no: EM131623231

Question: An electric mixer was purchased on the installment plan for a down payment of $60 and 11 monthly payments of $11.05 each. The cash price was $170. Find the annual percentage rate.

2. A computer was purchased by paying $50 down and 24 monthly payments of $65 each. The cash price was $1,400. Find the annual percentage rate to the nearest tenth of a percent.

Reference no: EM131623231

Questions Cloud

What is the cash price of a chair : What is the cash price of a chair if the installment price is $679, the finance charge is $102, and there was no down payment?
What are the reasons for using the different type of wings : Compare and contrast Symmetrical and Cambered wings. What are the reasons for using these different type of wings in an aircraft design?
Sensitive to cultural issues : 1. Should Cheerios have been more sensitive to cultural issues? 2. Do you think this ad will increase sales of Cheerios?
Find the installment price of the television set : A television set has been purchased on the installment plan with a down payment of $120 and six monthly payments of $98.50.
Find the annual percentage rate : An electric mixer was purchased on the installment plan for a down payment of $60 and 11 monthly payments of $11.05 each. The cash price was $170.
Promotion from within as a recruiting technique : What are the advantages and disadvantages of using promotion from within as a recruiting technique?
Summarize your risk assessment : Review the case studies of Colleen M. and Xander L. located in the Juvenile Offender Case Studies document.
Define state defendant for committing a tort in oregon : Assuming the damages are estimated at $65,000, what court(s) could Joe sue Tom
Describe how concept applies to relationship : Describe how concept applies to relationship. Provide original analysis and/or evaluation as it relates to relationship.

Reviews

Write a Review

 

Mathematics Questions & Answers

  Question1 the industry standards suggest that eleven

question1 the industry standards suggest that eleven percent of new vehicles require warranty service within the 1st

  Classify the nature of the origin as an attractor

Make a change of variable that decouples the equation x' = Ax. Write the equation x (t) = Py (t) and show the calculation that leads to the uncoupled system.

  How tall is the second building

At a certain time of day, a building 300 m tall casts a shadow of 225 m, whereas a second building casts a shadow of 150 m. How tall is the second building?

  Eight sides come up with equal probability

An octahedron is a three dimensional shape with eight sides that are equilateral triangles. THis shape is used as a die in games such as Dungeons and Dragons because all eight sides come up with equal probability.

  What would you recommend for both students and faculty

What would you recommend for both students and faculty? What is the potential impact on relationships with the business community and what would you recommend? How can this study be improved?

  Find the adjusted balance due at maturity

Find the adjusted balance due at maturity for a 90-day note of $15,000 at 13.8% ordinary interest if a partial payment of $5,000 is made on the 60th day.

  In row of six houses each house is different color the

in a row of six houses each house is a different color. the house colors are blue purple red white green and yellow.

  Does rate of change increase or decrease as l increases

With length, l, in meters, the period T , in seconds, of a pendulum is given by T = 2?v(l/9.8).

  Find the prime of function

Find the prime of function

  Find the number of student tickets sold

A total of 261 tickets were sold for the school play. The number of student tickets sold was twotimes the number of adult tickets sold .

  How many different license plates are possible

How many license plates could begin with AB and have all letters and digits distinct?

  Find the position of the mass measured from the equilibrium

A spring with a 2 kg mass attached to it has spring constant 8 N/m and no damping. There is an external force given by F(t) = 24 sin 2t N, where t is time. The mass is initially stretched 2 m beyond the equilibrium position and released with an in..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd