Carl Carpenter buys a drill press. The price, including tax, Is $675.00. He finances the drill press over 24 months after making a $50 down payment. The true annual Interest rate is 14%. What are Carl's monthly payments (principal plus
Interest)?
Amount of Interest to the nearest penny, c = $
Total of payments = amount financed + c = $
Total of payments + number of payments = monthly payment = $

23

step-by-step explanation:

idek

step-by-step explanation:

answer: i realy don't get it that much can you me figer it out pleas you

step-by-step explanation:

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.