The manager of a manufacturing company knows that they will need a new machine in one of their factories. the new machine will cost them $13,700. the manager has determined that they can afford to pay 15% of the cost of the machine in cash. they can then finance the rest through a credit union. the credit union will charge 2% per year compounded monthly. how much are their monthly payments for 4 years?

sup

step-by-step explanation:

y = 3x+4

step-by-step explanation:

to find the slope

slope = (y2-y1)/ (x2-x1)

    = (-8-4)/ (-4-0)

    = -12/-4

  = 3

using the slope intercept form of a line

y= mx+b

we know the slope is 3

we know the y intercept is 4 ( the point where it crosses the y axis or x=0)

y = 3x+4

sorry

step-by-step explanation:

sorry, but im pretty sure its a now that i look at it

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;