This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Scott finances a Jet Ski for 4,600 by taking out an installment loan for 48 months. The payments are ... (Read 392 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jun 24, 2018
Scott finances a Jet Ski for 4,600 by taking out an installment loan for 48 months. The payments are 153.33 per month and the total finance charge is 2,759.84. After 36 months, Scott decided to pay off the loan. After calculating the finance charge rebate (using the Rule-of-78), find his loan payoff.
 A) 276.99
  B) 1,562.97
  C) 1,839.96
  D) 1,656.91

Question 2

A new machine can produce three more than twice the production per hour of the old machine. If the new machine can produce 187 units per hour, how many did the old machine produce?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

92 units


TFauchery

  • Member
  • Posts: 500
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Plant cells expand by taking up water into their vacuoles. Plant cells expand by taking up water into their vacuoles.
Deciduous and permanent teeth: (A) deciduous teeth, with the age at eruption given in months; (B) ... Deciduous and permanent teeth: (A) deciduous teeth, with the age at eruption given in months; (B) ...
How to calculate mortgage payments (Question 1 of 2) How to calculate mortgage payments (Question 1 of 2)
The striking improvements in motor development in the early months The striking improvements in motor development in the early months
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library