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Author Question: Justin Mackey purchased a new TV set for a cash price of 862. He financed it with a 36-month ... (Read 27 times)

gonzo233

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on: Jun 24, 2018
Justin Mackey purchased a new TV set for a cash price of 862. He financed it with a 36-month installment loan at 11.5 add-on interest. a. What are the monthly payments on the loan? (Round to the nearest cent) b. What is the amount of the finance charge rebate if the loan is paid after the 10th payment? (Round to the nearest cent)

Question 2

For the equation  J + 8 = 12  J = 20
  Indicate whether the statement is true or false


honnalora

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

a. 32.21
b. 156.73

Answer to Question 2

FALSE


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