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 163 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
Gracias!

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge
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 ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ... Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ...
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library