If you buy a computer directly from the manufacturer for $2,924 and agree to repay it in 36 equal installments at 1.59% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid? Your monthly payment is $ (Round to two decimal places.) Recently, More Money 4U offered an annuity that pays 6.6% compounded monthly. If $1,345 is deposited into this annuity every month, how much is in the account after 4 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.)
If you buy a computer directly from the manufacturer for $2,924 and agree to repay it in 36 equal installments at 1.59% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid? Your monthly payment is $ (Round to two decimal places.) Recently, More Money 4U offered an annuity that pays 6.6% compounded monthly. If $1,345 is deposited into this annuity every month, how much is in the account after 4 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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![If you buy a computer directly from the manufacturer for $2,924 and agree to repay it in 36 equal installments at 1.59% interest per month on the unpaid balance, how much are your
monthly payments? How much total interest will be paid?
Your monthly payment is $
(Round to two decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb53001b8-eebf-43c2-bee7-cb0ec77b1cc7%2F3e9e5f63-1bfa-4356-b641-c05cc0408921%2Fuasuiem_processed.png&w=3840&q=75)
Transcribed Image Text:If you buy a computer directly from the manufacturer for $2,924 and agree to repay it in 36 equal installments at 1.59% interest per month on the unpaid balance, how much are your
monthly payments? How much total interest will be paid?
Your monthly payment is $
(Round to two decimal places.)
![Recently, More Money 4U offered an annuity that pays 6.6% compounded monthly. If $1,345 is deposited into this annuity every month, how much is in the account after 4 years?
How much of this is interest?
Type the amount in the account: $
(Round to the nearest dollar.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb53001b8-eebf-43c2-bee7-cb0ec77b1cc7%2F3e9e5f63-1bfa-4356-b641-c05cc0408921%2F3lelcoq_processed.png&w=3840&q=75)
Transcribed Image Text:Recently, More Money 4U offered an annuity that pays 6.6% compounded monthly. If $1,345 is deposited into this annuity every month, how much is in the account after 4 years?
How much of this is interest?
Type the amount in the account: $
(Round to the nearest dollar.)
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