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AGummiBear55

  • 3 years ago

How do I do this problem? Eli made a down payment of $1,750 on a jet ski with a purchase price of $9,925. The balance was paid for using a five-year installment loan. If the interest rate on the loan is 11.4%, what is the total cost of the jet ski?

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  1. lukeyboi53
    • 3 years ago
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    $57,687 not to sure

  2. AGummiBear55
    • 3 years ago
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    That's defiantly not it. 'cause I have these options for an answer: $9,106.95 $10,762.80 $12,512.80 $13,066.80

  3. AGummiBear55
    • 3 years ago
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    I just really need to know what formula to use for this problem... I'm so confused on which one to use.

  4. murrcat
    • 2 years ago
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    Did you ever get the answer?

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