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PrettyGirl22

  • 3 years ago

You want to buy a new motorcycle. The payments will be $244.22 per month for 8 years. The interest rate is 7.35%. What is the asking price of the motorcycle?

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  1. asnsaint2
    • 3 years ago
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    $244.22*=1953.76, 1953.76*.735=1436.0136, so 1953.76+1436.0136=$3389.7736, or $3389.77

  2. PrettyGirl22
    • 3 years ago
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    wouldnt it be 244.22*12=2930.64*8=23,445.12 times .735=17232.1632= 40,677

  3. asnsaint2
    • 3 years ago
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    yeah I totally left stuff out im sorry

  4. asnsaint2
    • 3 years ago
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    but yes that is the right way to do it I left out multiplying it by the 12 months sorry

  5. PrettyGirl22
    • 3 years ago
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    okay cool thx

  6. asnsaint2
    • 3 years ago
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    np

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