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Please show step-by-step work and solution Question 9 10 points Save anver Ruth wants to buy a car that is available at two dealerships. The
Please show step-by-step work and solution
Question 9 10 points Save anver Ruth wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Matthews Motors would let her make quarterly payments of 59.100.00 for 3 years at a quarterly interest rate of 3.29 percent. Her first payment to Matthews Motors would be due immediately. If Payne Cars would let her make equal monthly payments of 54.000.00 at a monthly interest rate of 1.23 percent and if her first payment to Payne Cars would be in 1 month, then how many monthly payments would Ruth need to make to Payne Cars? 10.36 (plus or minus 0.3 payments) 10.72 (plus or minus 0.3 payments) 26.30 (plus or minus 0.3 payments) O 27.19 (plus or minus 0.3 payments) 10.77 (plus or minus 0.3 payments) Question 9 10 points Save anver Ruth wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Matthews Motors would let her make quarterly payments of 59.100.00 for 3 years at a quarterly interest rate of 3.29 percent. Her first payment to Matthews Motors would be due immediately. If Payne Cars would let her make equal monthly payments of 54.000.00 at a monthly interest rate of 1.23 percent and if her first payment to Payne Cars would be in 1 month, then how many monthly payments would Ruth need to make to Payne Cars? 10.36 (plus or minus 0.3 payments) 10.72 (plus or minus 0.3 payments) 26.30 (plus or minus 0.3 payments) O 27.19 (plus or minus 0.3 payments) 10.77 (plus or minus 0.3 payments)Step by Step Solution
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