document.write( "Question 1206588: Jessica borrowed $3300 from the bank in order to buy a new piano. She will pay if off by equal payments at the end of each week for 2 years. The interest rate is 8% compounded weekly. Determine the size of payments, and the total interest paid. \n" ); document.write( "
Algebra.Com's Answer #844153 by ikleyn(52908) You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "When you will solve this problem and will present it to the teacher, \n" ); document.write( "make rounding for the month payment as tutor @math_tutor2020 does it.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So, the weekly payment is $34.36 dollars.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "It is NOT 34.36124429 dollars, as tutor @Theo states - this value must be rounded \n" ); document.write( "to become and to be a weekly payment.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Correspondingly, the payment for 2 years, or 104 weeks, is the value given in the post \n" ); document.write( "by @math_tutor2020, i.e. 3573.44 dollars and not 3573.569406 dollars, as in the post by @Theo.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Correspondingly, the interest . . . and so on . . . I just tired to repeat.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Simply saying, when you solve the problem, make rounding of participating values \n" ); document.write( "at a right place of the solution according to common sense and rules of rounding.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Be accurate and do not turn your job and your writing into mess.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |