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Author Question: Juniper Windsong financed a 5,900 fishing boat with a 12 add-on interest installment loan for 12 ... (Read 115 times)

newyorker26

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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


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ms_sulzle

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

a. 637.20
b. 24.51

Answer to Question 2

TRUE


newyorker26

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Reply #2 on: Jun 24, 2018
Thank you


ms_sulzle

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Reply #3 on: Jun 24, 2018
No problemo


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