[Answered] Alex wishes to take out an installment loan to finance the purchase of a lawn mower costing 715. Her ...

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Author Question: Alex wishes to take out an installment loan to finance the purchase of a lawn mower costing 715. Her ... (Read 255 times)

james

Hero Member
Posts: 573

on: Jun 24, 2018

Alex wishes to take out an installment loan to finance the purchase of a lawn mower costing 715. Her loan requires a 2.75 down payment and equal monthly payments of 125.78 for 9 months. What is the amount of the finance charge on this loan?
A) 425.47
B) 417.02
C) 430.64
D) 436.68

Question 2

Solve the equation for the unknown: 20.5T = 180

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kilada

Sr. Member
Posts: 311

Reply #1 on: Jun 24, 2018

Answer to Question 1

D

Answer to Question 2

8.78

james

Member
Posts: 573

Reply 2 on: Jun 24, 2018

Excellent

milbourne11

Member
Posts: 322

Reply 3 on: Yesterday

Wow, this really help

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