document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=133149>Question 133149</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/9780534404512/algebrahomeworkh>Fundamentals of Algebric Modeling</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> A dishwasher costs $975. You pay $150 down and finance the rest at 10.5% APR for 24 months. How much more did you pay for the dishwasher by financing it instead of paying cash? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #97348 by </B><A HREF=/tutors/aboutme.mpl?userid=nycsharkman><B>nycsharkman(136)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nycsharkman><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=97348\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A dishwasher costs $975. You pay $150 down and finance the rest at 10.5% APR for 24 months. How much more did you pay for the dishwasher by financing it instead of paying cash?\r<BR>\n" );
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document.write( "I don't why you titled this question \"geometric formula\" when this is financial word problem not a geometry word problem.\r<BR>\n" );
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document.write( "Total cost of dishwasher = $975\r<BR>\n" );
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document.write( "If you put down $150, then what you have left over is $975 - $150 = $825.\r<BR>\n" );
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document.write( "APR = Annual Percentage Rate\r<BR>\n" );
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document.write( "If you decide to accept the APR deal, then $825 times 0.105 = $86.625\r<BR>\n" );
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document.write( "Now, multiply $86.625 by 24 months = $2079\r<BR>\n" );
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document.write( "When you financed the dishwasher, how much more did you pay instead of paying the entire $975 from the start?\r<BR>\n" );
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document.write( "This is what the question is asking you.\r<BR>\n" );
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document.write( "To find how much more you paid, subtract $975 from $2079.\r<BR>\n" );
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document.write( "So, $2079 - $975 = $1104 MORE.\r<BR>\n" );
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document.write( "So, to finance this dishwasher is not a good deal.\r<BR>\n" );
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document.write( "Did you follow?\r<BR>\n" );
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document.write( " </SPAN>\n" );
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