Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
PrettyGirl22
Group Title
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?
 one year ago
 one year ago
PrettyGirl22 Group Title
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?
 one year ago
 one year ago

This Question is Closed

asnsaint2 Group TitleBest ResponseYou've already chosen the best response.0
$244.22*=1953.76, 1953.76*.735=1436.0136, so 1953.76+1436.0136=$3389.7736, or $3389.77
 one year ago

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
wouldnt it be 244.22*12=2930.64*8=23,445.12 times .735=17232.1632= 40,677
 one year ago

asnsaint2 Group TitleBest ResponseYou've already chosen the best response.0
yeah I totally left stuff out im sorry
 one year ago

asnsaint2 Group TitleBest ResponseYou've already chosen the best response.0
but yes that is the right way to do it I left out multiplying it by the 12 months sorry
 one year ago

PrettyGirl22 Group TitleBest ResponseYou've already chosen the best response.0
okay cool thx
 one year ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.