For Exercises 3841, use the following information. Zach has purchased some home theater
Chapter 6, Problem 38(choose chapter or problem)
For Exercises 3841, use the following information. Zach has purchased some home theater equipment for $2000, which he is financing through the store. He plans to pay $340 per month and wants to have the balance paid off after six months. The formula B(x) = 2000x6 - 340(x5 + x4 + x3 + x2 + x + 1) represents his balance after six months if x represents 1 plus the monthly interest rate (expressed as a decimal). 38. Find his balance after 6 months if the annual interest rate is 12%. (Hint: The monthly interest rate is the annual rate divided by 12, so x = 1.01.)
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