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Author Question: A finance company offers a 36-month installment loan with an APR of 10.5. Jerry wishes to use the ... (Read 120 times)

kshipps

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on: Jun 24, 2018
A finance company offers a 36-month installment loan with an APR of 10.5. Jerry wishes to use the loan to finance an engagement ring for 21,500. After first using Table 13-1 from your text to find the finance charge, calculate the monthly payment.
 A) 698.81
  B) 785.35
  C) 659.93
  D) 597.22

Question 2

Underline the key word(s) and translate into an equation: 6 more than 5 times a number, plus 3 times that number, is 30


gabrielle_lawrence

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

6 more than 5 times a number, plus 3 times that number, is 30
5N + 6 + 3N = 30


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