Author Question: Amani purchased a living room set that cost 2,700. She made a down payment of 700 and financed the ... (Read 84 times)

skymedlock

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Amani purchased a living room set that cost 2,700. She made a down payment of 700 and financed the balance with an installment loan for 36 months. If the payments are 65.25 each month, use Table 13-1 from your text to find the APR.

Question 2

A team of five players split a bonus as follows: player one, two, three and four equally. Player five had a share that was twice as much as each individual share of the other players. If the team bonus was 75,000 how much did player five receive?



aburgess

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Answer to Question 1

10.75

Answer to Question 2

25,000



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