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HELP HELP HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!ASAP!! Use the following problem to answer questions 1 and 2. Come bought a new flat screen 70 inch television and a speaker
HELP HELP HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!ASAP!!
Use the following problem to answer questions 1 and 2. Come bought a new flat screen 70 inch television and a speaker system from a local electronics store on credit. The store will charge 12% per year compounded monthly.Their monthly payments are $174.80 for 3 years. What is the cash price of her purchase? Identify the type of problem. Future Value with compound interest Present Value with compound interest Present Value of an Annuity Future Value of an Annuity Future Value with simple interest Answer the question in the problem. $4, 881.98 $5, 262.79 $4, 956.80 $3, 762.26 $4, 382.98 Use the following problem to answer questions 3 and 4. Parents would like to have the funds for their child to have an allowance in college for 4 years. They want him to be able to withdraw $300 each month. How much should theydeposit into an account earning 2.35% per year compounded monthly. Identify the type of problem. Future Value with compound interest Present Value with compound interest Future Value of an Annuity Present Value of an Annuity Future Value with simple interest Answer the question in the problem. $13, 742.50 $13, 200.10 $14, 470.19 $12, 850.57 $13, 731.10Step by Step Solution
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