Recent content by kaye

Mia is buying a used trailer for $5000 on credit. She plans to travel through the Rockies over the summer. She can afford payments of $200 each month and is considering these two options: • The dealership credit card at 15.8%, compounded daily, and an immediate rebate of 2.4% off her first...

An alumnus of a local high school donated $50000 to the school. The amount was invested for 3 years at 7.75%, compounded quarterly. The school has agreed to use only the interest earned on the investment to buy sports equipment. How much money will be available for sports equipment at the end of...