Math

posted by .

Info Sean is buying a new DVD player for 315. the store offers him an interest-free payment plan that allows him to pay in monthly installments of $25.
Ques. Use n to stand for number of payments and a for the amount still owed. Write an equation for calculating a for any value of n. hoe do i answer this ques.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    sean is buying a player for $315. interest free payment plan. pays $25 each month. a. how much will he owe after 1 payment?
  2. Homework Check

    1.)In a(n) _________ , simple interest is added on to the amount borrowed and the total is repaid in equal installments. a.)Monthly installment plan =b.)add on plan c.)Single-payment plan 2.)In a(n) _________ , interest is charged …
  3. buissness math

    Determine the total in Dexter's account after the second month using the information below. Dexter Banler's account Principal: $1,604 Rate: 10% compound Length of period: month $3208.00 $1764.40 $1630.85 3. Ray Sugar's account Principal: …
  4. Consumer math !!!! please check

    Determine the total in Dexter's account after the second month using the information below. Dexter Banler's account Principal: $1,604 Rate: 10% compound Length of period: month >$3208.00 $1764.40 $1630.85 3. Ray Sugar's account …
  5. Math

    I need help with this I keep putting the numbers in wrong on the formula ! PLEASE HELP Price of article = $315.50 Down payment = $31.55 Monthly payment amount = $16.50 Duration of payments = 20 months True annual interest rate to the …
  6. Math

    Janice and Patricia each want to buy a new DVD player. They go to the Hot Electronics and find a DVD player for $75. Hot Electronics offers a different payment plan. Janice is going to pay $15 now, and then $7.50 per month. Patricia …
  7. Math

    Janice and Patricia each want to buy a new DVD player. They go to the Hot Electronics and find a DVD player for $75. Hot Electronics offers a different payment plan. Janice is going to pay $15 now, and then $7.50 per month. Patricia …
  8. math

    Nathaniel want to buy a new bike. His payment options are: Option 1: Pay $2055.99 cash. He only has $400.00 saved up, so he can take out a loan for the rest from his bank at a rate of 7.25% per annum over 2 years. Option2: Take the …
  9. math

    Nathaniel want to buy a new bike. His payment options are: Option 1: Pay $2055.99 cash. He only has $400.00 saved up, so he can take out a loan for the rest from his bank at a rate of 7.25% per annum over 2 years. Option2: Take the …
  10. Math HELP

    A new luxury car costs $80,000. You pay 10% down and amortize the rest with equal monthly payments over a 7-year period. If you pay 9.25% compounded monthly, what is your monthly payment?

More Similar Questions