grade 11 math

posted by .

at giant tv sales, you can chose between 2 payments options for a new tv. 1st option is 2 pay $2399.99. 2nd option is to pay a $399.99 downpayment plus $2200.00 after one year. if interset is 4.2% per year, compunded quarterly, wich option is a better deal

  • grade 11 math -

    What interest rate are we talking about? They have given you two fixed amounts. Nothing was said about a loan. Better provide more detailed information here.

    Is there a 3rd plan, where you finance the $2200?

  • grade 11 math -

    768

  • grade 11 math -

    768+288=

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. algebra

    a salesperson who must decide between two monthly income options: Option A: Salary of $1642 per month, plus 8% of monthly sales or Option B: Salary of $1900 per month, plus 6.5% of monthly sales For what amount of monthly sales is …
  2. math

    Jeanna wants to buy a new boat for her family. She has two payment options. The first option is to pay a cash payment of $7,200. The second option is to finance the boat with a three-year instalment loan. The loan requires a 10% down …
  3. 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 …
  4. 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 …
  5. Algebra

    Business Computers English Foreign Languages Health Home Economics Math Music Physical Education Science Social Studies GRADE LEVELS Preschool Kindergarten Elementary School 1st Grade 2nd Grade 3rd Grade 4th Grade 5th Grade 6th Grade …
  6. Business Math

    Jeanna wants to buy a new boat for her family. She has two payment options. The first option is to pay a cash payment of $7,200. The second option is to finance the boat with a three year installment loan. The loan requires a 10% down …
  7. math

    A internet movie rental company has two different options for renting movies. Option A: pay a one-time $40 membership fee and then pay $1 for each movie rental. Option B: Do not become a member and pay $6 for each movie rental. 1. …
  8. Math

    When hired at a new job selling jewelry, you are given two pay options: Option A: Base salary of $16,000 a year, with a commission of 10% of your sales Option B: Base salary of $20,000 a year, with a commission of 3% of your sales …
  9. Algebra 2

    The seniors at Travis High School have three purchase options for their yearbook. Option 1: They can purchase a copy of the yearbook and a one-page ad for $35. Option 2: They can purchase a copy of the yearbook and a one-half page …
  10. math

    A lottery offers two options for the prize. (7) Option A: $1000 a week for life. Option B: $600 000 in one lump sum. If you choose Option B, you have the opportunity to place the winnings into an investment that also makes regular …

More Similar Questions