subject
Mathematics, 22.10.2020 07:01 weeblordd

Oliver is buying a new dishwasher. The dishwasher’s price is $285.10 after tax. He has a few payment options. He can put it on his debit card, which would take the money from his savings account. His savings account earns interest at a rate of 1.8% annually. He could also put it on one of two different credit cards. Card A has an annual interest rate of 9%, charged monthly, and charges a flat 1.2% fee on the initial value of the purchase (note: the fee accrues interest too). Card B has an annual interest rate of 12%, charged monthly, but no fee for purchases. Oliver thinks it will take five months for him to earn the additional money to offset the purchase. In all cases, the interest accrues according to this equation: A = P(1 + r)n, where A is the final dollar amount, P is the principal (initial amount borrowed), r is the interest rate for each interest period, and n is the number of interest periods. Part A If Oliver withdraws $285.10 from his savings account to make the purchase, how much would he have earned in interest on that amount over five months? Round your answer to the nearest cent.

Part B How much would it cost him in interest over 5 months if he used card A to make the purchase?

Part C How much would it cost Oliver in interest over 5 months if he used card B to make the purchase?

Part D Which form of payment will cost Oliver the most over five months and which one will cost him the least? Part E From your answer in part d, which form of payment should Oliver use?
Part F Is there a case where he could use one of his credit cards instead of the debit card and still be better off? If so, which card is best? Explain.

PLEASE HELP

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 19:30
James was playing a game with his friends. he won 35 points. then he lost 15, lost 40 and won 55. how did he come out
Answers: 2
question
Mathematics, 21.06.2019 22:10
Acompany manufactures three types of cabinets. it makes 110 cabinets each week. in the first week, the sum of the number of type-1 cabinets and twice the number of type-2 cabinets produced was 10 more than the number of type-3 cabinets produced. the next week, the number of type-1 cabinets produced was three times more than in the first week, no type-2 cabinets were produced, and the number of type-3 cabinets produced was the same as in the previous week.
Answers: 1
question
Mathematics, 22.06.2019 00:30
For the word below, click on the drop-down arrows to select the root and its meaning. version
Answers: 2
question
Mathematics, 22.06.2019 01:30
The box plots show the distributions of the numbers of words per line in an essay printed in two different fonts.which measure of center would be best to compare the data sets? the median is the best measure because both distributions are left-skewed.the mean is the best measure because both distributions are left-skewed.the median is the best measure because both distributions are symmetric.the mean is the best measure because both distributions are symmetric
Answers: 1
You know the right answer?
Oliver is buying a new dishwasher. The dishwasher’s price is $285.10 after tax. He has a few payment...
Questions
question
Mathematics, 29.01.2020 11:43
question
History, 29.01.2020 11:43
question
Mathematics, 29.01.2020 11:43