document.write( "Question 1122068: If you buy a computer directly from the manufacturer for $3098 and agree to repay it in 48 equal installments at 1.79% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid? \n" ); document.write( "
Algebra.Com's Answer #738121 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Your PV is 3098, your r is 0.0179, and your n is 48. Just do the arithmetic.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The amount of interest is the total of all the payments, that is PMT times 48, minus the Present Value (PV).\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "You can do your own arithmetic \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " ![]() \n" ); document.write( " |