Author Question: You take out an installment loan to purchase a sailplane costing 34,100. You make a down payment of ... (Read 75 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
You take out an installment loan to purchase a sailplane costing 34,100. You make a down payment of 8,600 and finance the balance by making monthly payments of 1,176.72 for 24 months. Use the APR formula to find the APR.
 A) 12.52
  B) 8.65
  C) 9.99
  D) 4.15

Question 2

Underline the key word(s) and translate into an expression: the difference of 4G and 12



laurnthompson

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

C

Answer to Question 2

the difference of 4G and 12
4G  12



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library