SOLUTION: Kevin purchases a guitar on a payment plan of $17,85 per week for 2.5 years at 13 %/ a compound weekly. What was the selling price of the guitar?

Algebra.Com
Question 1132795: Kevin purchases a guitar on a payment plan of $17,85 per week for 2.5 years at 13 %/ a compound weekly. What was the selling price of the guitar?
Found 2 solutions by josmiceli, MathTherapy:
Answer by josmiceli(19441)   (Show Source): You can put this solution on YOUR website!
I'll take a shot at this
The weekly payments would include
compounded interest on the principle







--------------------------




The selling price was $1,677.30
------------------------------------
check:



OK
Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

Kevin purchases a guitar on a payment plan of $17,85 per week for 2.5 years at 13 %/ a compound weekly. What was the selling price of the guitar?
Based on a 52-week year, Correct Answer:  

RELATED QUESTIONS


A family spent $186 per week for food. This was 20% of its weekly income. What was the... (answered by josmiceli)

Stephen also invests $500 at 5%/a for 5 years but with compound interest that compounds... (answered by jim_thompson5910)

1.Marina had an accident with her car and the repair bill came to $800.  She didn’t have... (answered by ikleyn)

You want to buy a $224,000 home. You plan to pay 10% as a down payment, and take out a 30  (answered by Boreal)

Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately,their  (answered by math_tutor2020)

Jenelle bought a home for $220,000, paying 24% as a down payment, and financing the rest... (answered by Theo)

a salesperson is paid $200 per week plus 5% commission on her weekly sales of x dollars.... (answered by rothauserc)

Please help me with the homework below:
Peter get employed on the first of January 2020,  (answered by Theo)

Jon's final exam was given 5 times the weight of a weekly test.  The average of 15 weekly  (answered by stanbon)