Answer:
it should cost about 140414031413414189043184948143814884184183940000000000000000000000000000000000000000000000000000000000000
Step-by-step explanation:
Answer:
a) $96 b) 4.85%
Step-by-step explanation:
Cash cost: 4400
10% down: 4400 * 10% = 440
Rest cost she owed: 4400 - 440 = 3960
6 month paid: 676 * 6 = 4056
Finance interest paid: 4056 - 3960 = 96
calculate by simple interest rate (r: annual rate): 3960 * r * t ( t = 6 month = 1/2 year)
3960 * r * 6/12 = 96
r = 0.0485 (4.85%)
check: 3960 * ( 1 + 4.85% * 6/12) = 4056 = 676 * 6
