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AGummiBear55

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?

  • one year ago
  • one year ago

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  1. lukeyboi53
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    $57,687 not to sure

    • one year ago
  2. AGummiBear55
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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

    • one year ago
  3. AGummiBear55
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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.

    • one year ago
  4. murrcat
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    Did you ever get the answer?

    • 9 months ago
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spraguer (Moderator)
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