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

Author Question: Juniper Windsong financed a 5,900 fishing boat with a 12 add-on interest installment loan for 12 ... (Read 110 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jun 24, 2018
Juniper Windsong financed a 5,900 fishing boat with a 12 add-on interest installment loan for 12 months. The loan required a 10 down payment. a. What was the amount of the finance charge? b. What is the amount of the finance charge rebate if the loan were to be paid after the 10th payment? (Round to the nearest cent)

Question 2

For the equation 5G - 2 = 43  G = 9
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ms_sulzle

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 637.20
b. 24.51

Answer to Question 2

TRUE


newyorker26

  • Hero Member
  • *****
  • Posts: 536
Reply #2 on: Jun 24, 2018
Thank you


ms_sulzle

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

How to calculate simple interest (Part 5; r = I/Pt) How to calculate simple interest (Part 5; r = I/Pt)
How to calculate compound interest (Part 1) How to calculate compound interest (Part 1)
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ... Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ... Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ...
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 ...
Compound interest Compound interest
Video: Smoking Cessation

For a complete list of videos, visit our video library