can you solve it not using advanced functions, thank you:) 10. Warren bought a bicycle for $2500, plus 13% HST. He arranged to make a payment to the store at the end of every month for 2 years. The store is charging 6% interest per annum, compounded monthly. a) How much is each payment? b) How much interest is Warren paying?
can you solve it not using advanced functions, thank you:) 10. Warren bought a bicycle for $2500, plus 13% HST. He arranged to make a payment to the store at the end of every month for 2 years. The store is charging 6% interest per annum, compounded monthly. a) How much is each payment? b) How much interest is Warren paying?
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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![can you solve it not using advanced functions, thank you:)
10. Warren bought a bicycle for $2500, plus 13% HST. He arranged to make a payment to the store at the end of every
month for 2 years. The store is charging 6% interest per annum, compounded monthly.
a) How much is each payment?
b) How much interest is Warren paying?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93d39ace-d211-4a4f-8c4a-ac236bd6fdac%2F246eb176-e684-4d21-8dae-4c5982ea70e4%2F30ujewk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:can you solve it not using advanced functions, thank you:)
10. Warren bought a bicycle for $2500, plus 13% HST. He arranged to make a payment to the store at the end of every
month for 2 years. The store is charging 6% interest per annum, compounded monthly.
a) How much is each payment?
b) How much interest is Warren paying?
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