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Author Question: James Alwine financed a 7,800 fishing boat with a 10 add-on interest installment loan for 18 months. ... (Read 81 times)

Marty

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on: Jun 24, 2018
James Alwine financed a 7,800 fishing boat with a 10 add-on interest installment loan for 18 months. The loan required a 10 down payment. a. What was the amount of the finance charge? b. What is the amount of the finance charge rebate if the loan were to be paid after the 10th payment? (Round to the nearest cent)

Question 2

The process of moving all unknowns to one side of an equation and all knowns to the other side is called transposing.
  Indicate whether the statement is true or false


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blazinlyss

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

a. 1,053.00
b. 221.68

Answer to Question 2

TRUE


Marty

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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