Homework Answers
Consumer surplus=maximum price willing to pay-actual price
So the price of the computer is 1250-200=$1050.
So option C is the correct.
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Please round to 2 decimal
places.
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Please round to 2 decimal
places.
A recent college graduate buys a new car by borrowing $18,000 at 7.2%, compounded monthly, for 5 years. She decides to pay $369 instead of the monthly payment required by the oan. (a) What is the monthly payment required by the loan? (Round your answer to the nearest cent.) $358.12 How much extra did she pay per month? (Round your answer to the nearest cent.) s 10.88 b) How many $369 payments will she...
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