Molly wants to buy a camping time share for $12 500. She can borrow the money at 9.6%/a compounded monthly for 5 years. What will Molly pay per month? a. $163.13 C. $638.31 b. $263.13 d. $2560.32

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.3: Geometric Sequences
Problem 80E
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EST
Unit 8 Quest (110)
x +
AlpQLSf8ziezOsWz6j9T70GVQSHI-6ls9bQrlQevfkKxle-RtQ3Rlg/formResponse
Question 11: *
Molly wants to buy a camping time share for $12 500. She can borrow the money at 9.6%/a compounded
monthly for 5 years. What will Molly pay per month?
a. $163.13
C.
$638.31
b. $263.13
d.
$2560.32
a
b
d
Transcribed Image Text:EST Unit 8 Quest (110) x + AlpQLSf8ziezOsWz6j9T70GVQSHI-6ls9bQrlQevfkKxle-RtQ3Rlg/formResponse Question 11: * Molly wants to buy a camping time share for $12 500. She can borrow the money at 9.6%/a compounded monthly for 5 years. What will Molly pay per month? a. $163.13 C. $638.31 b. $263.13 d. $2560.32 a b d
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