Help again pls
@mathmate
The "every other month" thing throws me off
I also don't know how many weeks they want me to use
Your parents need to make an estimation of the monthly expenses. If a payment is monthly, just add it. If a payment is weekly, you add 4 times the amount (1 month approx. 4 weeks) If a payment is bi-monthly, you add half of the amount (for one month). Add up all the expenses, and you'll have the estimate!
That's what I thought! I was using 4 for the weeks. I just wasn't sure about the "every other month" thing
So the answer is $1580.16?
That's what I got! :)
How bout this?
This is a little more complicated than the others, involving more calculations. I suggest you post it in a new post, hopefully others may be able to help you!
Okay, I'll skip it and come back to it later.
I looked at your "parents' purchase" question, and I see more questions than answers. Is part of the question missed out? There is no mention the purchase is to be repaid over how many months, implied is 12, but it said "...waived for the first 12 months..." so it sounds like the number of repayments is more than 12. Also, it did not mention if they continued to repay the original amount until they paid it off (so the last payment is the balance), or the monthly payment was readjusted. Perhaps a part of the question was missing, also because "Your parents' purchase price...", but you didn't buy your parents, they are yours to start with! lol
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