Toni Torres wants to save $1,100 in the next two years to use as a down payment on a new car. If her bank offers her 9% interest, what monthly payment (pymt) would she need to make into an ordinary annuity to reach her goal? (Round the answer to the nearest cent. (my original answer of $42.01 was incorrect
Toni Torres wants to save $1,100 in the next two years to use as a down payment on a new car. If her bank offers her 9% interest, what monthly payment (pymt) would she need to make into an ordinary annuity to reach her goal? (Round the answer to the nearest cent. (my original answer of $42.01 was incorrect
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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Toni Torres wants to save $1,100 in the next two years to use as a down payment on a new car. If her bank offers her 9% interest, what monthly payment (pymt) would she need to make into an ordinary annuity to reach her goal? (Round the answer to the nearest cent.
(my original answer of $42.01 was incorrect
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