Jose wants to buy a stereo for $650 and pay for it using a credit card that has an Annual Percentage Rate of 19.85%. 1.How
Jose wants to buy a stereo for $650 and pay for it using a credit card that has an Annual Percentage Rate of 19.85%.
1.How long will it take him to pay for the stereo? (Show work)
2.What is the total amount Jose will pay for the stereo? (Show work)
3.What is Joses total cost of using credit? (Show work) I already know the answer (online calculator) i just need help with knowing the steps on how to get the answer:
1. 43 months
2. $909.54
3. $259.54
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Authors: Karen Berman, Joe Knight, John Case
1st Edition
1422119130, 978-1422119136
