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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

 Mar 31, 2019
edited by Guest  Mar 31, 2019
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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. 

 

.

 Mar 31, 2019
edited by Guest  Mar 31, 2019
edited by Guest  Mar 31, 2019

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