MATH SOLVE

3 months ago

Q:
# Modern Appliances offers a one-year monthly installment plan for a refrigerator. The payment for the first month is $75, and then it increases by 6% each month for the rest of the year. Which expression can be used to find the total paid in the first 12 months?

Accepted Solution

A:

75(1-1.06^12/1-1.06) !!