Please help!! With step by step

Gary has decided to buy a new flat screen TV system for $4,700 and agreed to make monthly payments
for three years at 7% compounded monthly. How much is each payment? How much will he pay in
cumulative interest?

Step-by-step explanation:

Compound Interest

This is a well-know problem were we want to calculate the regular payment R needed to pay a principal P in n periods with a known rate of interest i.

The present value PV or the principal can be calculated with

Solving for R

Where Fa is computed by

We'll use the provided values but we need to convert them first to monthly payments

Thus, each payment is

correct answer is option b.

step-by-step explanation:

the true statement about geometric figure is option b that is one line can be drawn through all three points.

if three points are on the same plane, they can be connected by a line.

t hope this

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