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You set up monthly recurring payments of $110.03, $45.66, and $22.87. How much will your recurring payments total over one year?

Respuesta :

MissPhiladelphia
Using the data given in the problem:

Month               Payment
   1                     $110.03
   2                     $45.66
   3                     $22.87
   .
   .
   .
   12

We now set up an equation for the payments, input in your calculator (STAT) 

y = mx + b

m = -43.58
b = 146.68

y = -43.58x + 146.68

Therefore, the rest of the values are summed up then this will be your total for one year. 

Answer:

2142.72

Explanation:

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