A PlayStation is advertised for $500. A credit plan is offered whereby a deposit of 20% may be paid. The rest is to be paid in equal monthly instalments over 2 years at a flat interest rate of 16% per annum. A customer chooses thecredit plan.I SEON SPOMSEOM SERON(a) What is the remaining balance for the PlayStation after a deposit of 20% is paid?SEOM SEONSEO30Answer: $(b) How much interest will be paid altogether?Answer: $(c) (i) How many repayments will there be? FENOMEENENON SEPON SENOM SEDOM SESON SEDON SETOM SEDON SERVEto be? 60 60 60 6 6 6 6 6 6 6Answer:(ii) What is the monthly repayment?BOAnswer: $FON(d) How much will be paid in total for the PlayStation? OXO OXO OXO OXAnswer: $WEROWEROWEROW

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A PlayStation is advertised for $500. A credit plan is offered whereby a deposit of 20% may be paid. The rest is to be paid in equal monthly instalments over 2 years at a flat interest rate of 16% per annum. A customer chooses the credit plan. (a) What is the remaining balance for the PlayStation after a deposit of 20% is paid? Answer: S (b) How much interest will be paid altogether? Answer: S (c) (i) How many repayments will there be? Answer: ! I

A PlayStation is advertised for $500. A credit plan is offered whereby a deposit of 20% may be paid. The rest is to be paid in equal monthly instalments over 2 years at a flat interest rate of 16% per annum. A customer chooses the credit plan. (a) What is the remaining balance for the PlayStation after a deposit of 20% is paid? Answer: S (b) How much interest will be paid altogether? Answer: S (c) (i) How many repayments will there be? Answer: ! I

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A PlayStation is advertised for $500. A credit plan is offered whereby a deposit of 20% may be paid. The rest is to be paid in equal monthly instalments over 2 years at a flat interest rate of 16% per annum. A customer chooses the
credit plan.
I SEON SPOM
SEOM SERON
(a) What is the remaining balance for the PlayStation after a deposit of 20% is paid?
SEOM SEONSEO
30
Answer: $
(b) How much interest will be paid altogether?
Answer: $
(c) (i) How many repayments will there be? FENOMEEN
ENON SEPON SENOM SEDOM SESON SEDON SETOM SEDON SERVE
to be? 60 60 60 6 6 6 6 6 6 6
Answer:
(ii) What is the monthly repayment?
BO
Answer: $
FON
(d) How much will be paid in total for the PlayStation? OXO OXO OXO OX
Answer: $
WEROWEROWEROW

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