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Author Question: Grandin wishes to take out an installment loan to finance the purchase of a small antique dining set ... (Read 100 times)

nmorano1

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on: Jun 24, 2018
Grandin wishes to take out an installment loan to finance the purchase of a small antique dining set costing 71,500. Her loan requires a 22.5 down payment and equal payments of 2,557 for 40 months. What is the amount of the finance charge on this loan?
 A) 46,867.50
  B) 45,695.27
  C) 43,580.64
  D) 48,350.00

Question 2

Solve the equation for the unknown: 18G = 126


brbarasa

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

A

Answer to Question 2

7


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