Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 05, 2024

please show work the answer is 17.999% 12. T-Mobile offers you a new cell phone for free, but you must sign a two year agreement

please show work
the answer is 17.999%

12. T-Mobile offers you a new cell phone for free, but you must sign a two year agreement at $55.67 per month. Alternatively you can purchase the phone outright for $446.28 and pay $33.39 per month for connection and data. T-Mobile is charging you what annual interest rate to pay for the phone over the two year period

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Students also viewed these Finance questions

Question

=+2.15. On the field $o in (0, 1] define P( A) to be 1 or 0 according as there does or does not exist some positive 4 (depending on A) such that A contains the interval ( , + 4]. Show that P is...

Answered: 1 week ago

Question

★★★★★

Document for Analysis: Weak Persuasive Memo Flowing Upward Your Task. Analyze the following memo, which suffers from many writing faults. List its weaknesses. If your instructor directs, revise the...

Answered: 1 week ago

Question

★★★★★

A wallet is marked up $5, which is a 50% markup based on cost. What is the cost of the wallet and the selling price of the wallet? The cost is $ (Simplify your answer. Type an integer or decimal...

Answered: 1 week ago

Question

★★★★★

Question 6-recreate the figure attached to accommodate this request by top management listed below. The top management team at Olympia, Inc., wishes to have real-time access to the general ledger....

Answered: 1 week ago

Question

★★★★★

If Quality Airline cuts its domestic fares by 20%, A) profit will increase by 20%. B) a profit can only be earned by decreasing the quantity of flights. profits can be maintained either by increasing...

Answered: 1 week ago

Question

★★★★★

You have an opportunity to invest in Australia at an interestrate of 0.070. Moreover, you expect the Australian dollar (A$) toappreciate by 0.020. Your effective return from this investmentis:

Answered: 1 week ago

Question

★★★★★

HR Management at InnovateTech Solutions InnovateTech Solutions is a dynamic and forward-thinking technology company, specialising in software development. It was first established in 2021 and has...

Answered: 1 week ago

Question

★★★★★

Which process requires intricate planning in terms of procurement policies and the manufacturing process? Six Sigma JIT Production TQM Value Analysis

Answered: 1 week ago

Question

★★★★★

The following condensed balance sheet is for the partnership of Ludolf, Sambal, and Urad, who share profits and losses in the ratio of 6:2:2, respectively: Cash Other assets $ 49,000 135,000...

Answered: 1 week ago

Previous Question Next Question