Joe summers buys a gas grill and accessories. the cost, including tax, amounts to $850.00. joe finances the grill over 12 months after making a $150 down payment. the true annual interest rate is 14%. what are joe's monthly payments (principal plus interest)?

to the nearest penny, c = $.
total of payments = amount financed + c = $.
total of payments ÷ number of payments = monthly payment = $

$66.5

Step-by-step explanation:

The cost, including tax, amounts to $850.00.

Down payment =$150

Amount after paying down payment = $850-$150=$700

Interest rate = 14 %

So, interest on $700 =

So, c = $98

Total payment = amount financed + c  = 700+98=$798

Now Joe finances the grill over 12 months

So, no. of payments = 12

Now Monthly payment = Total of payments ÷ number of payments

                                        =798 ÷ 12

                                        =$66.5

Hence Joe's monthly payments (principal plus interest) is $ 66.5

c

step-by-step explanation:

answer:

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

explanation:

service only with 20% tip  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the  

service

−−−−−−  

so technically the answer is  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

however, the intention of the question provider may have been that your answer is to be  

$

87.12

(

1

+

8

100

)

=

$

94.09

to 2 decimal places.

'

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge  

.

→

$

72.60

20% tip  

20

100

×

$

72.60

=

$

14.52

−−−−−−  

←

add

$

87.12

tax  

8

100

×

$

87.12

=

$

6.97

−−−−−  

←

add

$

94.09

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