Post a New Question

MATH

posted by .

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 don't get this:\


No one has answered this question yet.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    Write and solve an equation to model the situation: two friends are renting an apartment. they pay the landlord the first months rent. the landlord also requires them to pay an additional half of a month's rent for a security deposit. …
  2. MATH

    What is $1294.00 Plus HST? HST = 12%
  3. MATH

    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 …
  4. math

    Gloria talked on her cell phone for 320 minutes the first month, 243 minutes the second month and 489 minutes the third month.Her payment package does not allow her to pay per minute;she can only buy packages.If she has to pay $25 …
  5. math

    Gloria talked on her cell phone for 320 minutes the first month, 243 minutes the second month, and 489 minutes the third month. Her payment package does not allow her to pay per minute; she can only buy groups of minutes. If she has …
  6. algebra

    Alonzo wants to buy a bike for $260. He can pay for it in 8 months if he pays $60 now & $25 each month. If he were to pay $60 now and $20 each month, how many more monthly payments would it take to pay for it?
  7. algebra

    Alonzo wants to buy a bike for $260. He can pay for it in 8 months if he pays $60 now and $25 each month. If he were to pay $60 now and $20 each month, how many more monthly payments would it take to pay for it?
  8. Economics

    You have a credit card that charges 18% per year interest or 1.5% per month . You buy a tv for $1000 on the credit card but at the end of the month you only pay $100. You continue to pay $100 the next month. You pay the entire balance …
  9. economic

    You have a credit card that charges 18% per year interest or 1.5% per month. You buy a TV for $1100 on the credit card, but at the end of the month you only pay $100. You continue to pay $100 the next month. You pay the entire balance …
  10. Math

    Samantha is going to buy a new Dodge Saturn for $20800. After a 5% down-payment the dealership will offer a loan for the remaining value of the car at 3.25% APR for 4 years. Round all answers to the nearest penny. Use Web Loan Calculator …

More Similar Questions

Post a New Question