Author Question: Tyrone Brown is going to purchase a car on installment. His down payment is 1,575 with 36 payments ... (Read 74 times)

abc

  • Hero Member
  • *****
  • Posts: 543
Tyrone Brown is going to purchase a car on installment. His down payment is 1,575 with 36 payments of 327.80. The truck is priced at 12,000. What is the finance charge?

Question 2

Greta is going to buy a home entertainment center on installment with a down payment of 450 and 24 payments of 155. What is the installment price?



strudel15

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

1,375.80;
36  327.80 = 11,800.80; 11,800.80 + 1,575 = 13,375.80; 13,375.80 - 12,000 = 1,375.80

Answer to Question 2

4,170;
24  155 = 3,720; 3,720 + 450 = 4,170



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library