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Can you please help me with this? I don't even know where to start
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2 votes
Can you please help me with this? I don't even know where to start

Can you please help me with this? I don't even know where to start-example-1
User DragonYen
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2 Answers

3 votes
1450(1.05) = 1522.50...this is total with VAT included
1522.50 / 12 = 126.875...rounds to 127 per month
so,yes....130 per month is enough

User Sahil Ahuja
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5.9k points
5 votes
You need to take the estimate and add the VAT. Then take this total cost and divide it by 12 to solve for the monthly payment needed...

(1450)(105/100)/12=126.875

Clearly, a monthly payment of 130 is enough to cover the yearly cost.
User Anarki
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