Need help with a math problem!

[Tiger Bass 5,000+ posts]

It's alright, because I'm pretty sure it's wrong now.

 

[Tiger Bass 5,000+ posts]

Actually, it might be right, but this formula instead. I'll go grab my calculator real quick.

 

[Tiger Bass 5,000+ posts]

Shit, that is definitely wrong. Sorry man.

 

[kurtdirt1 10+ year member]

LOL...this math looks to be way over my head...lol...okay so i see 60 payments in there@1.75% and then a squigly line and some other stuff //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

Kurt

 

[Tiger Bass 5,000+ posts]

I was trying to find the future value, which would give you the total spent on the stereo. This would help you get the amount of interest paid by subtracting the cost of the stereo.

But I ended up getting something like 1 billion, which is very wrong needless to say.

 

[shiipseki 10+ year member]

$3,000 + interest?

$5495.45

 

[kurtdirt1 10+ year member]

Wow, almost 3k in interest? idk about that man...with 1.75% interest? but hey, idk lol....

Kurt

 

[Pickler 10+ year member]

Yea sorry none of you guys are right

You have attempted this problem 12 times.

Your recorded score is 0%.

 

[kurtdirt1 10+ year member]

hahahahaha

 

[kurtdirt1 10+ year member]

i have school in the morning..gotta go to bed...good luck with this problem..wish i could help lol

 

[95BlackGA 5,000+ posts]

$50 + 1.75% = $50.875

$50.875 x 12months = $610.50yearly

$610.50 x 5years = 3052.50total without down payment

$3052.50 + $600 down = $3652.50 total

Grand Total Of :

$3652.50

(P.S. I dropped out in the 9th grade. //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif )

 

[Pickler 10+ year member]

$50 + 1.75% = $50.875
$50.875 x 12months = $610.50yearly

$610.50 x 5years = 3052.50total without down payment

$3052.50 + $600 down = $3652.50 total

Grand Total Of :

$3652.50

(P.S. I dropped out in the 9th grade. //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif )

You have attempted this problem 13 times.

Your recorded score is 0%.

 

[95BlackGA 5,000+ posts]

Should I round up the .875, and make it an even .90?

Try $3654.

 

[95BlackGA 5,000+ posts]

$3652.80 if you were to round .875 to .88

 

[95BlackGA 5,000+ posts]

Is the interest already added to the monthly price?