QUESTION 7 Almond just bought a new cracker. To pay for the cracker, the company took out a loan that requires Almond to pay the bank a special payment of $5,439.00 in 3 months and also pay the bank regular payments of $2,135.00 each month forever. The interest rate on the loan is 1.21 percent per month and the first monthly payment of $2,135.00 will be paid in 1 month. What was the price of the cracker? O $181,005 20 (plus or minus 3 dollars) O $181,092.53 (plus or minus 3 dollars) O $170,446.20 (plus or minus 3 dollars) O $181,820.26 (plus or minus 3 dollars) O none of the answors are within 3 dollars of the correct answer QUESTION A The new annual cash

Advanced Engineering Mathematics
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Author:Erwin Kreyszig
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QUESTION 7
Almond just bought a new cracker, To pay for the cracker, the company took out a loan that requires Almond to pay the bank a special
payment of $5,439.00 in 3 months and also pay the bank regular payments of $2,135.00 each month forever. The interest rate on the loan
is 1.21 percent per month and the first monthly payment of $2,135.00 will be paid in 1 month. What was the price of the cracker?
O $181,065 28 (plus or minus 3 dollars)
O $181,092.53 (plus or minus 3 dollars)
O $170,440.20 (plus or minus 3 dollars)
O $181,820.26 (plus or minus 3 dollars)
O none of the answors are within 3 dollars of the correct answe
QUESTION 8
is 14.01 percent. The next annual cash
Transcribed Image Text:QUESTION 7 Almond just bought a new cracker, To pay for the cracker, the company took out a loan that requires Almond to pay the bank a special payment of $5,439.00 in 3 months and also pay the bank regular payments of $2,135.00 each month forever. The interest rate on the loan is 1.21 percent per month and the first monthly payment of $2,135.00 will be paid in 1 month. What was the price of the cracker? O $181,065 28 (plus or minus 3 dollars) O $181,092.53 (plus or minus 3 dollars) O $170,440.20 (plus or minus 3 dollars) O $181,820.26 (plus or minus 3 dollars) O none of the answors are within 3 dollars of the correct answe QUESTION 8 is 14.01 percent. The next annual cash
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