April 23, 2014

Homework Help: MATH

Posted by Anonymous on Wednesday, April 6, 2011 at 9:24pm.

Im Struggling with this assignment here. Would like help ASAP.

Consider following situation..

You are going to buy this laptop at $1294.00 plus HST. You can also pay $50 a month for 30 months with down payment of $100. Compare following 3 scenarios using spreadsheets to calcuate how much you will pay.

1st Scenario:

Pay Cash

2nd Scenario:

Do monthly payment plan and save remaining money in savings account with interest rate of 1.5%. You're going to withdraw the amount frm this savings account to make ur monthly payment till all of its gone.

3rd Scenario:

Pay with Visa credit card at yearly interest rate of 18%. 30 days after purchase, you make your first payment. Interest starts 30 days after purchase. U will make amount back over 4 months.

Use May 1st as purchase date.

So confused about this assignment.

For the headings. I think I am supposed to have Month, Principal, Payment, To Interest, To Principal, and Principal Left.

I really dont get this:\

No one has answered this question yet.

Answer this Question

First Name:
School Subject:

Related Questions

MATH - Consider following situation.. You are going to buy this laptop at $1294....
MATH - What is $1294.00 Plus HST? HST = 12%
accounting - im working on an hst and journalizing assignment and theres a ...
Math - Janice and Patricia each want to buy a new DVD player. They go to the Hot...
Quantum Physics - Has anyone done Block 7-8 for TMA 6 for s103 - discovering ...
math - When you buy auto insurance, you have a choice of buying a full coverage ...
Math - Employer receive a base pay of $900.00 plus a sales commission of 6% of ...
% - How do I find a dollar number plus 7.1% that will come close to $70.00 Here ...
English - 1. If I had a lot of money, I would buy a new laptop. 2. As I don't ...
Health - Situation #1: The trade minister of a foreign nation asks you to pay a...