Frank purchased a boat for $7,525. he made a down payment of $475. he applied for a six year installment loan with an interest rate of 8.4% in the amount of $7,050. what is the total cost of the boat after six years?

  $9474.40

Step-by-step explanation:

A spreadsheet can be used to calculate the amortization of the loan. The one attached uses rounding to the penny for all dollar amounts. The result is that the payment amount is rounded down, and the final payment is about 12¢ short. The total repaid on the loan will be slightly more than the product of payment amount ($124.99) and number of payments (72).

The total cost of the boat is the sum of down payment, loan amount, and interest amount. That sum is $9474.40.

$53.50

step-by-step explanation:

you have to subtract the amount of money chuck earned ($72.50) by the cost of the gas for the mower ($11.25) and the new string for the trimmer he bought ($7.75).

72.50-11.25=61.25

and then subtract $61.25 by the second thing he bought (the new string for the trimmer)

61.25-7.75=53.5

so in total it's $53.50 (53 dollars and 50 cents)

b

step-by-step explanation:

a difference is the result of subtraction. while each of these expressions has subtraction in it, a difference will be the result when subtraction is the last operation applied in the order of operations for the expression. this means subtraction must be outside of the parenthesis. only b has this.