Question

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

Answer 1

2142.72

Step-by-step explanation:

Answer 2

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.