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. a. $3,535.20 c. $3,256.01 b. $3,426.31 d. $3,089.57

Option (a) is correct.

Total amount paid is $ 3535.20

Step-by-step explanation:

Given :  The monthly payments of $98.20 is made for 36 months and The store requires no down payment.

We have to determine the total amount paid.

So, The total amount paid =Down payment + Monthly payment × Number of installment

Since, the store makes no down payment.

So,  The total amount paid = Monthly payment × Number of installment

Given : Monthly payments of $98.20 is made for 36 months

The total amount paid = 98.20 × 36  = $ 3535.20

Thus, option (a) is correct.

Thus, The total amount paid is $ 3535.20

the answer

b. they are parallel and will never intersect.

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