Tabitha had to pay her friend $1,200, 4 months ago and he has to pay $670 in 4 months. If her friend was charging her an interest rate of 0.70% per month, what single payment would settle both payments today? Round to the nearest cent
Tabitha had to pay her friend $1,200, 4 months ago and he has to pay $670 in 4 months. If her friend was charging her an interest rate of 0.70% per month, what single payment would settle both payments today? Round to the nearest cent
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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