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

Author Question: A finance company offers a 24-month installment loan with an APR of 13.5. Robert wishes to use the ... (Read 126 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
on: Jun 24, 2018
A finance company offers a 24-month installment loan with an APR of 13.5. Robert wishes to use the loan to finance a delivery truck for 31,200. After using Table 13-1 from your text to find the finance charge, calculate the monthly payment.
 A) 612.11
  B) 1,475.50
  C) 1,490.58
  D) 1,651.00

Question 2

Underline the key word(s) and translate into an equation: the cost of A at 12.50 each is 225.00


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

the cost of A at 12.50 each is 225.00
12.50A = 225.00


armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 24, 2018
:D TYSM

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

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.

Charles Robert Darwin (1809-1882). Charles Robert Darwin (1809-1882).
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
Robert Rauschenberg, Monogram. Robert Rauschenberg, Monogram.
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: Adolescent Diabetes

For a complete list of videos, visit our video library