Q-7 Taylor buys a laptop from Best Buy. He is offered a don't pay a cent deal for 24 months. He is charged 4.5% interest, compounded quarterly and after 24 months he owes $1245. What was the sticker price of the laptop? How much interest will Taylor pay?
Q-7 Taylor buys a laptop from Best Buy. He is offered a don't pay a cent deal for 24 months. He is charged 4.5% interest, compounded quarterly and after 24 months he owes $1245. What was the sticker price of the laptop? How much interest will Taylor pay?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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![Q-7 Taylor buys a laptop from Best Buy. He is offered a don't pay
a cent deal for 24
months. He is charged 4.5% interest, compounded quarterly
and after 24 months
he owes $1245. What was the sticker price of the laptop?
How much interest will
Taylor pay?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc66c60ec-eb8a-43f3-987a-56b48c80f90c%2F2240fabb-985c-4f25-acd7-de86b3efc116%2Fa9wl159_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Q-7 Taylor buys a laptop from Best Buy. He is offered a don't pay
a cent deal for 24
months. He is charged 4.5% interest, compounded quarterly
and after 24 months
he owes $1245. What was the sticker price of the laptop?
How much interest will
Taylor pay?
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