So confused? esteban bought a new stove for $986 on his credit card. he used the stove for eleven years before replacing it. the stove cost him an average of $0.14 per day in electricity. esteban had preventive maintenance done on the stove, costing $24.25 each year for the eleven years. esteban’s credit card has an apr of 9.26%, compounded monthly. he paid off his balance by making identical monthly payments for five years. sales tax in esteban’s area is 8.22%. assuming that esteban made no other purchases or payments with his credit card, what was the lifetime total cost of the stove? (assume that two of the years esteban had the stove were leap years, and round all dollar values to the nearest cent

Life time total cost of the stove is $2166.53.

Step-by-step explanation:

First we calculate the sale tax of the stove :

986 × 0.0822 = 81.0492

986 + 81.0492 = $1,067.0492

Cost of stove with tax is $1,067. 05

now we calculate per month tax with APR of 9.26%

= 1067.05 (0.0926/12) ÷ [ 1- {}]

= 22.28509250

= $22.29 per month

= $22.29 × 12 × 5 = $1,337.40 for his credit card bill

Now we calculate total electricity cost in 11 yrs. (including 2 leap yrs.)

= 0.14 (365×9 + 366×2)

= 0.14 ( 3285 + 732)

= 0.14 × 4017

= $562.38 cost him of electricity.

In preventive maintenance $24.25 × 11 = $266.75

Now we will add all the expenses :

1338.40 + 562.38 + 266.75 = $2166.53 Total cost

introduction, methodology, results, discussion

step-by-step explanation:

an observational study is one which consists of actual observation to record data and then analyse the data.

there are a number of factors that should be analyzed before starting an observational study.

the main four factors are:

i) introduction:   this should be analysed to check whether the purpose of the study is correctly established and the data recorded are appropriate for the study

methodology:   the method of collecting the data, such as whether randomly selected, and whether sample size matches with the population to be studied, whether questions asked are easy to answer by common men, etc.

results: then results such as summary of data with comments should be studied thoroughly

discussion:   the last is the discussion, this can be either by management people or persons who are all interested , etc.

the final price would be 29.6925

step-by-step explanation:

39.59 minus 25% equals 29.6925