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

Author Question: Scott finances a Jet Ski for 4,600 by taking out an installment loan for 48 months. The payments are ... (Read 435 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jun 24, 2018
Scott finances a Jet Ski for 4,600 by taking out an installment loan for 48 months. The payments are 153.33 per month and the total finance charge is 2,759.84. After 36 months, Scott decided to pay off the loan. After calculating the finance charge rebate (using the Rule-of-78), find his loan payoff.
 A) 276.99
  B) 1,562.97
  C) 1,839.96
  D) 1,656.91

Question 2

A new machine can produce three more than twice the production per hour of the old machine. If the new machine can produce 187 units per hour, how many did the old machine produce?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

92 units


TFauchery

  • Member
  • Posts: 500
Reply 2 on: Jun 24, 2018
Gracias!

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

The patient interview often requires note taking. The patient interview often requires note taking.
Dread Scott. What Is the Proper Way to Display a U.S. Flag? Dread Scott. What Is the Proper Way to Display a U.S. Flag?
When the teacher about to switch the PowerPoint and you still not done taking notes When the teacher about to switch the PowerPoint and you still not done taking notes
The striking improvements in motor development in the early months The striking improvements in motor development in the early months
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Transcription—A molecular view

For a complete list of videos, visit our video library