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a.$427.64 b.$427.63 c.$427.60 d.$427.00

2006-09-21 03:37:17 · 8 answers · asked by Tony R 1 in Science & Mathematics Mathematics

8 answers

a. $427.64

2006-09-21 03:39:23 · answer #1 · answered by johntadams3 5 · 1 0

Ummm... you don't state the interest rate for this loan, so either the question is incomplete or you got a heck of a deal. $15,395 spread out in 36 equal payments comes out to $427.63888888, which would be rounded up to $427.64 (hey, the bank wants to get that extra $0.011 a month out of you as profit, since they're not charging you interest)

2006-09-21 10:41:26 · answer #2 · answered by theyuks 4 · 1 0

Rounding to what? 15,395 divided by 36 is 427.63888..., since I guess there's no interest. If you round to the nearest cent, it's a. Nearest ten cents, c. Nearest dollar, d.

2006-09-21 10:42:49 · answer #3 · answered by DavidK93 7 · 1 0

a loan / 36 months

good luck chief

2006-09-21 10:39:50 · answer #4 · answered by Good luck chief 3 · 0 1

Your question is not complete unless you mention the rate of interest being charged.

2006-09-21 10:43:52 · answer #5 · answered by Clipper2000 1 · 1 0

None of the above. If you are going to be rounding then it would be $428.00.

2006-09-21 10:40:36 · answer #6 · answered by fatboysdaddy 7 · 1 0

$15395 / (3x12) *12 months per year
=$15395 / 36
=$427.63888...
~$427.64
Answer: a.$427.64

2006-09-21 10:42:30 · answer #7 · answered by David W 2 · 0 1

b. unless there is interest added, in which case, all are wrong.

2006-09-21 10:41:10 · answer #8 · answered by Sylvia H 4 · 1 0

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