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OpenStudy (anonymous):
Mary bought a red convertible for $14,000. She paid $1,000 down and borrowed the rest on a one year note at 15% interest. How much will she owe at the end of one year?
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OpenStudy (anonymous):
well if she doesnt make any payments for that whole year it would get repoed..lol but for sake of question 14000-1000=13000 13000(.15)=1950 so 13000+1950=$14950 by end of year
OpenStudy (anonymous):
thats what i thought it was but i wasnt sure at first thank u bunches
OpenStudy (anonymous):
no problem! :)
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