11
QuizMultiple Choice

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Question 11 • LVA - Mathematical Modeling - Spring

You have decided to purchase a new computer with the Amtel processor. The new processor is the latest release of the hyperduoraging core threading processors. You local computer store has a computer with this processor and is offering a 36 month installment plan to finance the computer. The store requires no down payment. The salesperson tells you that you can finance the computer with 36 monthly payments of $98.20. Determine the total amount paid.

Answer
A
$3,535.20
B
$3,426.31
C
$3,256.01
D
$3,089.57

Explanation

Multiply the monthly payment by the number of months: 36 × $98.20 = $3,535.20. With no down payment, the total amount paid is $3,535.20, which is choice A.

AI-written and checked against the verified answer.

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