terrichichester-BU250-unit6-assignment

# terrichichester-BU250-unit6-assignment - 90 Days Same as...

This preview shows pages 1–3. Sign up to view the full content.

Part 1.  If Sara pays off the balance in 90 days how much will she pay?  First you need to figu 699.00 Price of the washer and dryer \$699.00 0.08 tax rate 57.67 \$57.67 \$756.67 Purchase price Sara's deadline for paying no interest in a non- leap year is March 15 In a leap year  the deadline is March 14.  756.67 Purchase price from part 1 multiplied by the 26.8% to find the interest for the 0.27 202.79 annual simple interest, divide by 360 to get daily interest 360 0.5633 Daily  interest 90 90 days multiplied by the daily  interest 0.56 \$807.07 \$50.40  interest for 90 days 0.02 \$16.14 \$756.67 30 50.40 \$0.54 \$807.07  If paid by march 15th, 90 days from date of purchase 17 9.18 \$9.18 \$816.25 Final price  paid April first.  Part 4 It cost Sara a total of 25.76%  more to pay this off 17 days late.  \$50.40 816.25 59.58 9.18 102 231.27 \$59.58 83257.5 divide by 360 days 0.2576 move decimal 360 231.27 90 Days Same as Cash Part 2.   Part 3

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
ure how much the taxes are, then add the taxes to the price of the washer dryer. e year.
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 6

terrichichester-BU250-unit6-assignment - 90 Days Same as...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online