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

Author Question: James Alwine financed a 7,800 fishing boat with a 10 add-on interest installment loan for 18 months. ... (Read 64 times)

Marty

  • Hero Member
  • *****
  • Posts: 553
on: Jun 24, 2018
James Alwine financed a 7,800 fishing boat with a 10 add-on interest installment loan for 18 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

The process of moving all unknowns to one side of an equation and all knowns to the other side is called transposing.
  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

blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 1,053.00
b. 221.68

Answer to Question 2

TRUE


Marty

  • Member
  • Posts: 553
Reply 2 on: Jun 24, 2018
:D TYSM

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
James A. Garfield lies mortally wounded. After failing to locate the bullet, surgeons called in Alex James A. Garfield lies mortally wounded. After failing to locate the bullet, surgeons called in Alex
How to calculate compound interest (Part 2) How to calculate compound interest (Part 2)
Boys Climbing Rocks And Diving, Tomb Of Hunting And Fishing Boys Climbing Rocks And Diving, Tomb Of Hunting And Fishing
After 159 days,she paid a maturity value of $11,626, which included interest of $814. After 159 days,she paid a maturity value of $11,626, which included interest of $814.
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library