document.write( "Question 349244: Please anyone I need your help\r
\n" );
document.write( "
\n" );
document.write( "\n" );
document.write( " A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a 10% discount from the purchase price.
\n" );
document.write( "Which is a better deal if you can borrow or lend funds at a 5% interest rate? \n" );
document.write( "
Algebra.Com's Answer #249699 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! I'll say the purchase price is \n" ); document.write( "Installment plan: \n" ); document.write( "25% down leaves \n" ); document.write( "Entire bill plan: \n" ); document.write( " \n" ); document.write( "--------------------- \n" ); document.write( "The 2nd plan puts \n" ); document.write( "With the 1st plan, you can invest \n" ); document.write( "year, which is \n" ); document.write( "The 2nd year, you have \n" ); document.write( " \n" ); document.write( "The 3rd year, you have \n" ); document.write( " \n" ); document.write( "Adding these for the 3 years, I get \n" ); document.write( "This looks like the 2nd plan wins, since \n" ); document.write( " |