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Rose wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Hinton Motors
Rose wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Hinton Motors would let her make quarterly payments of $9,700.00 for 6 years at a quarterly interest rate of 4.09 percent. Her first payment to Hinton Motors would be due immediately. If Taylor Cars would let her make equal monthly payments of $3,500.00 at a monthly interest rate of 1.61 percent and if her first payment to Taylor Cars would be in 1 month, then how many monthly payments would Rose need to make to Taylor Cars?
73.44 (plus or minus 0.3 payments)17.94 (plus or minus 0.3 payments)75.73 (plus or minus 0.3 payments)18.28 (plus or minus 0.3 payments)17.82 (plus or minus 0.3 payments)Step by Step Solution
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