Dr. Kate Zhang, Professor at Humber College solving:
Annuity example with BA II plus calculator
Question 2: Josephine purchased a car by making a down payment of $9 000 and monthly payments of $650 at the end of every month for three years. If interest was 3.5% p.a. compounded monthly,
(a) what was the purchase price of the car?
(b) What is the total amount paid for interest?
10 май 2020
