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Author Question: At a home show, Purcell's Kitchens was offering home improvement loans for 4 years with annual ... (Read 38 times)

skymedlock

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on: Jun 24, 2018
At a home show, Purcell's Kitchens was offering home improvement loans for 4 years with annual percentage rates of 14.5. On complete kitchens, a 20 down payment was required. Susan Kaufman wants to finance a 14,000 kitchen for 4 years. a. Use the APR Table 13-1 from your text to calculate the finance charge on the loan. b. What would be the amount of the monthly payment? (Round to the nearest cent)

Question 2

Lance produces 20 more than 4 times what Jacob can produce in one day. If Lance's total production for the day is 360, how much does Jacob produce in one day?


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scrocafella

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

a. 3,625.44
b. 308.86

Answer to Question 2

85


skymedlock

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Reply 2 on: Jun 24, 2018
Excellent

amandanbreshears

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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