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 412 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
Thanks for the timely response, appreciate it

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Jane Goodall pioneered the modern approach to studying primates in the wild, involving close-up obse Jane Goodall pioneered the modern approach to studying primates in the wild, involving close-up obse
How to calculate regular payments or deposits using the annuity formula (Question 1) How to calculate regular payments or deposits using the annuity formula (Question 1)
How to calculate mortgage payments (Question 1 of 2) How to calculate mortgage payments (Question 1 of 2)
At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales
A space probe approaches a planet, taking measurements as it goes. If it detects a potential ... A space probe approaches a planet, taking measurements as it goes. If it detects a potential ...
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: Introduction to Breast Cancer

For a complete list of videos, visit our video library