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Author Question: Ping is going to purchase a truck on installment. His down payment is 1,300 with 48 payments of 290. ... (Read 165 times)

future617RT

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on: Jun 24, 2018
Ping is going to purchase a truck on installment. His down payment is 1,300 with 48 payments of 290. The truck is priced at 12,990. What is the finance charge?

Question 2

Saheel has a charge card with a monthly rate of 1.4 on amounts up to 1,000 and 0.9 on amounts over 1,000. Saheel's previous balance was 1,421.51. He made a payment of 175, charged 423.89, and was issued a credit for 14.90. Using the previous balance method, what is his new balance?


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Gabe

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

2,230;

Answer to Question 2

1,703.09;


future617RT

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

Joy Chen

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

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