This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Scott finances a Jet Ski for 4,600 by taking out an installment loan for 48 months. The payments are ... (Read 449 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jun 24, 2018
Scott finances a Jet Ski for 4,600 by taking out an installment loan for 48 months. The payments are 153.33 per month and the total finance charge is 2,759.84. After 36 months, Scott decided to pay off the loan. After calculating the finance charge rebate (using the Rule-of-78), find his loan payoff.
 A) 276.99
  B) 1,562.97
  C) 1,839.96
  D) 1,656.91

Question 2

A new machine can produce three more than twice the production per hour of the old machine. If the new machine can produce 187 units per hour, how many did the old machine produce?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

92 units


TFauchery

  • Member
  • Posts: 500
Reply 2 on: Jun 24, 2018
Gracias!

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Taking a Patient's Blood Pressure Taking a Patient's Blood Pressure
Photograph of the flea that transmits Yersinia pestis to cause bubonic plague, called the oriental r Photograph of the flea that transmits Yersinia pestis to cause bubonic plague, called the oriental r
How to calculate mortgage payments (Question 1 of 2) How to calculate mortgage payments (Question 1 of 2)
An infant begins to notice the external environment by the age of 4 to 8 months An infant begins to notice the external environment by the age of 4 to 8 months
When the teacher about to switch the PowerPoint and you still not done taking notes When the teacher about to switch the PowerPoint and you still not done taking notes
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library