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Author Question: Marisol finances a sports car for 27,100 by taking out an installment loan for 36 months. The ... (Read 110 times)

SO00

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on: Jun 24, 2018
Marisol finances a sports car for 27,100 by taking out an installment loan for 36 months. The payments were 978.61 per month and the total finance charge was 8,129.96. After 22 months, Marisol decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff amount.
 A) 13,700.54
  B) 12,418.79
  C) 12,995.85
  D) 14,862.23

Question 2

An accounting firm has 24 partners. Twelve partners are senior partners and twelve are junior partners. The senior partners receive twice as much as the junior partners. A net income of 22,600,000 is earned for the year. How much will each junior partner receive?


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djofnc

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

B

Answer to Question 2

627,777.78


SO00

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Reply #2 on: Jun 24, 2018
Correct answers!


djofnc

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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