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Addie wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Sams Motors
Addie wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Sams Motors would let her make quarterly payments of $7,500.00 for 6 years at a quarterly interest rate of 4.24 percent. Her first payment
to Sams Motors would be due immediately. If Bolden Cars would let her make equal monthly payments of $3,500.00 at a monthly interest rate of 1.56 percent and if her first payment to Bolden Cars would be in 1 month, then how many monthly
payments would Addie need to make to Bolden Cars?
O 17.90 (plus or minus 0.3 payments)
O 47.21 (plus or minus 0.3 payments)
O 46.15 (plus or minus 0.3 payments)
O 17.58 (plus or minus 0.3 payments)
O 17.63 (plus or minus 0.3 payments)
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