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buy used boat
Jamie has taken out a $6,000 dollar loan to buy a used boat. The loan has an annual interest rate of 11%.?
Jamie has taken out a $6,000 dollar loan to buy a used boat. The loan has an annual interest rate of 11%. He has not yet paid of any of the debt. Each year his debt accumulates at a rate of 1 + 0.11 times what it was the previous year.
Let represent the number of years since he has taken out the loan. Which equation represents Jamie’s annual debt increase?
let n be the # of yrs since loan taken,
amount owed = $ 6000(1.11)^n
next yr., amount owed = $ 6000(1.11)^(n+1)
so jamies' annual debt increase = $ 6000*(1.1)^n * (1.11 - 1)
= $ 660*(1.1)^n
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Finding Best Buy Used Cars For Sale - 95% Off Prices
Can i buy a used Jon Boat for $300 in Myrtle Beach,SC?
me and 2 friends want to buy a boat. it could be a fixer upper but we want something decent enough to start with.
Here is one with a trailer and trolling motor for $500:
http://myrtlebeach.craigslist.org/boa/2269309779.html
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