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Alma wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Birge Motors
Alma wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Birge Motors would let her make quarterly payments of $8,400.00 for 4 years at a quarterly interest rate of 3.36 percent. Her first payment to Birge Motors would be due immediately. If Rudolph Cars would let her make equal monthly payments of $3,800.00 at a monthly interest rate of 1.47 percent and if her first payment to Rudolph Cars would be in 1 month, then how many monthly payments would Alma need to make to Rudolph Cars?
35.53 (plus or minus 0.3 payments) | ||
14.08 (plus or minus 0.3 payments) | ||
13.85 (plus or minus 0.3 payments) | ||
36.22 (plus or minus 0.3 payments) | ||
13.70 (plus or minus 0.3 payments) |
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