Author Question: Justin Mackey purchased a new TV set for a cash price of 862. He financed it with a 36-month ... (Read 53 times)

gonzo233

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Justin Mackey purchased a new TV set for a cash price of 862. He financed it with a 36-month installment loan at 11.5 add-on interest. a. What are the monthly payments on the loan? (Round to the nearest cent) b. What is the amount of the finance charge rebate if the loan is paid after the 10th payment? (Round to the nearest cent)

Question 2

For the equation  J + 8 = 12  J = 20
  Indicate whether the statement is true or false



honnalora

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Answer to Question 1

a. 32.21
b. 156.73

Answer to Question 2

FALSE



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