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OpenStudy (anonymous):
You want to buy a new motorcycle. The payments will be $244.22 per month for 8 years. The interest rate is 7.35%. What is the asking price of the motorcycle?
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OpenStudy (anonymous):
$244.22*=1953.76, 1953.76*.735=1436.0136, so 1953.76+1436.0136=$3389.7736, or $3389.77
OpenStudy (anonymous):
wouldnt it be 244.22*12=2930.64*8=23,445.12 times .735=17232.1632= 40,677
OpenStudy (anonymous):
yeah I totally left stuff out im sorry
OpenStudy (anonymous):
but yes that is the right way to do it I left out multiplying it by the 12 months sorry
OpenStudy (anonymous):
okay cool thx
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OpenStudy (anonymous):
np
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