Question

I WILL rate, fan and medal if you just give me a hand! EVEN if you can't help, just take a look at this!

(please comment so that I know who to rate)

Answer 1

Here's the question:

1) a) Your parents are purchasing a mobile home for $86,000. The sales tax is 4.5%, they make a $3,500 down payment, and they have an excellent credit score. How much is the interest at the end of the second month if their first month’s payment is $825.50?

The excellent credit score is 4.75%

Answer 2

Do you know what interest rate they pay? is it 4.75% ?

Answer 3

@phi nope. This is all my teacher gave me to work out.

Answer 4

what does this mean:
The excellent credit score is 4.75%

a credit score is not a percent. I am thinking you mean
the interest rate they get (for an excellent credit score) is 4.75%

Answer 5

you should figure out how much tax to add to the price
can you do that ?

Answer 6

@phi I want to apologize for this being so confusing. My teacher wrote this down exactly how I copied it, but she's not really open to suggestion (when I say I'm confused she thinks its my fault.)

I'll try to work on the tax, but unfortunately I do mean that the credit 'score' is 4.75%. This is all I have to go on.

Answer 7

what did you get for the tax ?

Answer 8

I don't think we're supposed to factor in the tax. I looked everywhere on my study guides, and they don't list a tax for this.