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

Author Question: Marisol finances a sports car for 27,100 by taking out an installment loan for 36 months. The ... (Read 122 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
on: Jun 24, 2018
Marisol finances a sports car for 27,100 by taking out an installment loan for 36 months. The payments were 978.61 per month and the total finance charge was 8,129.96. After 22 months, Marisol decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff amount.
 A) 13,700.54
  B) 12,418.79
  C) 12,995.85
  D) 14,862.23

Question 2

An accounting firm has 24 partners. Twelve partners are senior partners and twelve are junior partners. The senior partners receive twice as much as the junior partners. A net income of 22,600,000 is earned for the year. How much will each junior partner receive?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

627,777.78


SO00

  • Hero Member
  • *****
  • Posts: 568
Reply #2 on: Jun 24, 2018
Correct answers!


djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Deciduous and permanent teeth. (A) The deciduous teeth, with the age of eruption given in months; (B Deciduous and permanent teeth. (A) The deciduous teeth, with the age of eruption given in months; (B
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Fitness Evaluation of Various Activities and Sports Fitness Evaluation of Various Activities and Sports
Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ... Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ...
A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ... A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ...
We lost the 6th book in the series. After two months, we finally found it. We lost the 6th book in the series. After two months, we finally found it.
Video: Oral Hygiene & Braces Animation

For a complete list of videos, visit our video library