Original price: $598.00. 25% off original price 8% tax applied after discount Part A: The owner offers a payment plan where the total cost of the computer is paid in 6 equal monthly payments. -Determine the amount of each monthly payment. -Show your work or explanation in the space provided

Guest Mar 31, 2019

edited by
Guest
Mar 31, 2019

#1**+1 **

All righty then ... show your work or explanation

Start with the original price 598**.**00

Gonna be discounted 25% so how much is that? 598**.**00 x 0**.**25 = 149**.**50

What will the price be after reducing it by 149**.**50? 598**.**00 – 149**.**50 = 448**.**50

Wait, we're not done. Uncle gets 8% tax. How much? 448**.**50 x 0**.**08 = 35**.**88

So add that tax to the price. Sigh, always tax. 448**.**50 + 35**.**88 = 484**.**38

Finally, we got to the bottom line, 484**.**38

We get to pay it off over six months, though.

Each payment will be a sixth of the total. 484.38 x 1/6 = 80**.**73

The payment each month is $80**.**73.

Welcome to the world of high finance.

.

Guest Mar 31, 2019

edited by
Guest
Mar 31, 2019

edited by Guest Mar 31, 2019

edited by Guest Mar 31, 2019