Ari purchased a microwave oven on an installment plan for m dollars. He made a 20% down
Question:
Ari purchased a microwave oven on an installment plan for m dollars. He made a 20% down payment and agreed to pay x dollars per month for two years. Express the finance charge (interest) algebraically.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
Surinder borrowed $1200 and agreed to pay $1400 in settlement of the debt in 3 years and 3 months. What annual nominal rate compounded quarterly was charged on the debt?
-
C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $19,000 each. C&H subsequently borrows more money and agrees to pay it back with a...
-
Fishbone Corp. bought a new machine and agreed to pay for it in equal annual installments of $4,000 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to...
-
Susan has completed a concept map, assisted by her colleagues, and has recently returned from her meeting with her manager. Her manager is very concerned about the high attrition rate and poor...
-
Briefly discuss the history of the first interest rate derivatives contract.
-
Figure P19.42 shows a circuit containing a battery in series with a resistor and a lightbulb. The brightness of the lightbulb depends on the current through the bulb: increasing the current increases...
-
The prism shown in Figure P24.31 has an index of refraction n = 1.75 for a particular color of light. Four different incident rays are shown in the figure. Construct a ray diagram showing the...
-
To prepare the statement of cash flows, accountants for Daisy Electric Company have summarized 2010 activity in two accounts as follows: Daisys 2010 income statement and balance sheet data follow:...
-
During the current year, Mecari Inc., a delivery company operating as an S-corp, reported the following results from their operations: Revenue $300,000. Salaries 150,000. Truck expense 50,000. Taxes...
-
Trumball Catering served 4,000 meals last month. Trumball recorded the following costs with those meals: Required Unit variable costs and total fixed costs are expected to remain unchanged next...
-
Maribel was approved for a 7-year private student loan at 6.8% to cover her college costs of $10,900. a. Determine her monthly payment. Round to the nearest cent. b. What is the total amount she will...
-
Rebecca has a credit limit of $6,500 on her credit card. She had a previous balance of $398.54 and made a $250 payment. The total of her purchases is $1,257.89. What is Rebeccas available credit?
-
In Section 1.4, the analytics study team was tasked with making a recommendation for the best level of advertising for the VRX2000 during the upcoming first quarter (Q1). They used historical data...
-
Give a brief general description of the number of degrees of freedom. A. The number of degrees of freedom for a collection of sample data is the number of unique, non-repeated sample values. The...
-
Suppose you are given a data frame df. df = pd.DataFrame({'Click_ID':['A', 'B', 'C', 'D'], 'Count':[100, 200, 300, 400]}) In many data science projects, you are required to convert a dataframe into a...
-
Which of the following is an essential element of Six Sigma programs? Group of answer choices Setting specific goals for projects. Striving for low levels of Sigma. Striving for low levels of Cp and...
-
Here are summary statistics for randomly selected weights of newborn girls: n = 36, x=3180.6 g, s = 700.5 g. Use a confidence level of 99% to complete parts (a) through (d) below. a. Identify the...
-
The maximum employee earnings on which labour standards plan will be calculated on in 2019 was: Question 1 options: a) 67,500 b) 79,500 c) 86,500 d) 76,500 Question 2 (1 point) Question 2 options:...
-
a. Find the critical points of f on the given interval. b. Determine the absolute extreme values of f on the given interval. c. Use a graphing utility to confirm your conclusions. f(x) = sec x on...
-
Ask students to outline the reasons why the various elements of culture (social structures and control systems, language and aesthetics, religion and other belief systems, educational systems, etc.)...
-
The pie chart shows a monthly utility budget. a. Suppose that $800 was budgeted for the month. Determine the exact amount for each category. b. Suppose that $117 was budgeted for water. What would be...
-
Under her Dinner budget category, Diane allocated $600 per month for eating in and dining out. She figures that eating in will cost her approximately $8 and dining out will cost her approximately...
-
Use the budget information for Nelson Shapiro for Exercise. Nelson's Financial Report Income Musician, monthly after-tax income: $7,000 Music lessons, monthly after-tax income: S1,000 Monthly...
-
Problem 1 5 - 5 ( Algo ) Lessee; operating lease; advance payment; leasehold improvement [ L 0 1 5 - 4 ] On January 1 , 2 0 2 4 , Winn Heat Transfer leased office space under a three - year operating...
-
Zafra and Stephanie formed an equal profit- sharing O&S Partnership during the current year, with Zafra contributing $100,000 in cash and Stephanie contributing land (basis of $60,000, fair market...
-
What is the Breakeven Point in units assuming a product selling price is $100, Fixed Costs are $8,000, Variable Costs are $20, and Operating Income is $32,000 ? 100 units 300 units 400 units 500 units
Study smarter with the SolutionInn App