You decide to buy a 60 in plasma-screen TV. You borrow $4300 from the electronics store at 2.1% per month simple interest, with no payments due for 2 years from the date of purchase.

How much will you owe on the loan after 15 months? Round your answer to the nearest whole dollar.

Question

You decide to buy a 60 in plasma-screen TV. You borrow $4300 from the electronics store at 2.1% per month simple interest, with no payments due for 2 years from the date of purchase.

How much will you owe on the loan after 15 months? Round your answer to the nearest whole dollar.

anonymous · Answer

= $4,500.00(1 + [0.019 * 15]) 
= $4,500.00(1 + 0.285) 
= $4,500.00(1.285) 
= $5,782.50 

Answer: $5,782.50

anonymous · Answer

Medal?????