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Author Question: Holcomb Enterprises financed a new 86,000 computer system with an 8 3/4 add-on interest installment ... (Read 61 times)

saraeharris

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on: Jun 24, 2018
Holcomb Enterprises financed a new 86,000 computer system with an 8 3/4 add-on interest installment loan for 48 months. The loan required a 20 down payment. a. What are the monthly payments? b. What is the amount of loan payoff after the 36th payment?

Question 2

For the equation  10B + 3 - B + 6 = 36 B = 18
  Indicate whether the statement is true or false


Hikerman221

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 1,935.00
b. 21,622.86

Answer to Question 2

FALSE


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