If you buy a computer directly from the manufacturer for $2,741 and agree to repay it in 36 equal installments at 1.56% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid? Your monthly payment is $ The total interest paid is $ (Round to two decimal places.) (Round to two decimal places.) Some friends tell you that they paid $36,915 down on a new house and are to pay $674 per month for 30 years. If interest is 5.1% compounded monthly, what was the selling price of the house? How much interest will they pay in 30 years? Selling price of the house: S (Round to two decimal places as needed.) Total interest paid: S (Round to two decimal places as needed.)

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 $2,741 and agree to repay it in 36 equal installments at 1.56% interest per month on the unpaid balance, how much are your
monthly payments? How much total interest will be paid?
Your monthly payment is $
The total interest paid is $
(Round to two decimal places.)
(Round to two decimal places.)
Transcribed Image Text:If you buy a computer directly from the manufacturer for $2,741 and agree to repay it in 36 equal installments at 1.56% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid? Your monthly payment is $ The total interest paid is $ (Round to two decimal places.) (Round to two decimal places.)
Some friends tell you that they paid $36,915 down on a new house and are to pay $674 per month for 30 years. If interest is 5.1% compounded monthly, what was the selling price of
the house? How much interest will they pay in 30 years?
Selling price of the house: S
(Round to two decimal places as needed.)
Total interest paid: S
(Round to two decimal places as needed.)
Transcribed Image Text:Some friends tell you that they paid $36,915 down on a new house and are to pay $674 per month for 30 years. If interest is 5.1% compounded monthly, what was the selling price of the house? How much interest will they pay in 30 years? Selling price of the house: S (Round to two decimal places as needed.) Total interest paid: S (Round to two decimal places as needed.)
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