Question
Lisa wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Williams Motors
Lisa wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Williams Motors would let her make quarterly payments of $7,100.00 for 2 years at a quarterly interest rate of 4.01 percent. Her first payment to Williams Motors would be due immediately. If Dolan Cars would let her make equal monthly payments of $4,200.00 at a monthly interest rate of 1.61 percent and if her first payment to Dolan Cars would be in 1 month, then how many monthly payments would Lisa need to make to Dolan Cars?
13.00 (plus or minus 0.3 payments) | ||
13.23 (plus or minus 0.3 payments) | ||
7.36 (plus or minus 0.3 payments) | ||
7.49 (plus or minus 0.3 payments) | ||
7.40 (plus or minus 0.3 payments) |
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