Applying What You’ve Learned Accumulated interest. Repeat Exercise 43, but now assume that the purchase is for $ 1 , 450 and the annual interest rate is 24 % . 43. Accumulated interest. Home Depot advertises 0 % financing for 3 months for purchases made before the new year. The fine print in the advertisement states that if the purchase is not paid off within 3 months, the purchaser must pay interest that has accumulated at a monthly rate of 1.75 % . Assume that you buy a refrigerator for $ 1 , 150 and make no payments during the next 3 months. How much interest has accumulated on your purchase during this time?
Applying What You’ve Learned Accumulated interest. Repeat Exercise 43, but now assume that the purchase is for $ 1 , 450 and the annual interest rate is 24 % . 43. Accumulated interest. Home Depot advertises 0 % financing for 3 months for purchases made before the new year. The fine print in the advertisement states that if the purchase is not paid off within 3 months, the purchaser must pay interest that has accumulated at a monthly rate of 1.75 % . Assume that you buy a refrigerator for $ 1 , 150 and make no payments during the next 3 months. How much interest has accumulated on your purchase during this time?
Solution Summary: The author explains how to calculate the finance charge for an installment loan, based on the purchase amount and interest rate.
Accumulated interest. Repeat Exercise 43, but now assume that the purchase is for
$
1
,
450
and the annual interest rate is
24
%
.
43. Accumulated interest. Home Depot advertises
0
%
financing for
3
months for purchases made before the new year. The fine print in the advertisement states that if the purchase is not paid off within
3
months, the purchaser must pay interest that has accumulated at a monthly rate of
1.75
%
. Assume that you buy a refrigerator for
$
1
,
150
and make no payments during the next
3
months. How much interest has accumulated on your purchase during this time?
During busy political seasons, many opinion polls are conducted. In apresidential race, how do you think the participants in polls are generally selected?Discuss any issues regarding simple random, stratified, systematic, cluster, andconvenience sampling in these polls. What about other types of polls, besides political?
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