Reference no: EM133013177
Questions -
Q1) Fred wants to buy a TV for the Superbowl (which is six months away). He puts 10% down and pays the remainder in six months. The TV costs $1299 plus HST (13%).
a) What is the total cost including taxes?
b) How much of a deposit does he put down?
c) How much does he pay when he picks up the TV?
Q2) Ann purchases a kitchen table that sells for $739 plus taxes. She decides to use an installment plan where the deferral charge is $55 and she makes 12 monthly payments.
a) What is the total amount to be paid at the time of purchase?
b) What is the amount of each monthly payment?
Q3) Julie purchases a computer for $1678, plus taxes. She will get a bill for $2199 if she has not paid the original selling price before one year is up. In order to take part in this promotion, she must pay an administration fee of $89.95.
a) What is the total amount to be paid at the time of purchase?
b) What is the remaining amount to be paid before one year is up?
c) What is the total cost of the computer if the items are paid before one year is up?
d) What amount of interest is charged if the payment is not made before the year is up?
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: Fred wants to buy a TV for the Superbowl (which is six months away). He puts 10% down and pays the remainder in six months. What is the total cost including tax
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