Madam Dora purchased a TV set for $550 and later decided to sell for $600. She sold it under the following hire purchase terms. An initial payment of 30% of the price and the balance paid in monthly equal installment at 10% simple interest per annum for 2 year. Calculate the percentage profit Madam Dora made on the cost price of the TV set.

Charles Wilson has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,390, $7,960, $9,250, $12,940, and $11,640. If the appropriate discount rate is 6.425 percent, what is the cost in today’s dollars of the equipment Charles purchased today? (Round answer to 2 decimal places

A new homeowner is purchasing a living room set for $2,590 and must decide between two financing offers.Offer 1: $200 down payment, 24.90% interest rate, compounded monthly, for 3 years, with no payments due for 6 months and then fixed payments of $121.96 for the remainder of the loan termOffer 2: $450 down payment, 22.90% interest rate, compounded monthly, for 3 years, with no payments due for 12 months and then fixed payments of $140.48 for the remainder of the loan termPart A: What is the total cost of offer 1?Part B: What is the total cost of offer 2? Part C: Which financing offer should the new homeowner choose?

You open a new business and need a new laptop computer. You decide on a Knox Computer Solutions for $1499 due to the business software that is included. If the sales tax is 4.25% of the purchase price and you finance the total cost, including sales tax, for 3 years at the annual interest rate of 8.4%, find the monthly payment amount.