Question

sdfsfsfsfsd

Answer 1

$875.00 plus 5% sales tax = 875 + 0.05*875

$875.00 plus 5% sales tax = 875 + 43.75

$875.00 plus 5% sales tax = 918.75

Answer 2

so you're really paying $918.75

Answer 3

if you don't have all that money, then you finance it (ie borrow it all from a credit company and pay it back)

Answer 4

pay it back over time

Answer 5

Since you're financing $918.75 at a rate of 14.25%, this means that you have to pay back

I = Prt

I = 918.75 * 0.1425 * 1

I = 130.92

dollars in interest

Answer 6

So you must add on 130.92 to the amount financed

918.75 + 130.92 = 1049.67

This is the total amount you must pay back

Answer 7

oh wait...when it says "0% program for 12 months" does that mean that the interest is 0% when you make your payments?

Answer 8

let me think for a sec

Answer 9

I think I do, but I'm not getting any of the answer choices

Answer 10

maybe you can find a similar example in your book?

Answer 11

interest for the year divided by the portion of the yar that has gone by

Answer 12

I noticed you wrote 0.1475 instead of 0.1425, is this the same problem?

Answer 13

875.00 (1.05) = total amount financed

875.00 (1.05) (.1425) = interest accrued during 1 year

divide that by 12 and times it by 8 is my idea

Answer 14

you use a calculator and plug in:

875.00 [x] 1.05 [x] .1425 [x] 8 [\(\div\)] 12

Answer 15

price times tax rate, plus price. Times interest rate divided by 12; gives you how much interest is accruing each month. Times that by 8 to get 8 months worth of accrued interest

Answer 16

87.29 sounds good to me

Answer 17

err, .28

Answer 18

im not sure how much time i have, but im sure there are others here that can help out

Answer 19

sure

Answer 20

correct

Answer 21

hmmm, but id have to look up the definit of overage to be sure

Answer 22

net is after taxes, so that does sound plausible