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Author Question: May finances a refrigerator for 1,250 by taking out an installment loan for 48 months. The payments ... (Read 77 times)

cagreen833

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on: Jun 24, 2018
May finances a refrigerator for 1,250 by taking out an installment loan for 48 months. The payments are 38.54 per month and the total finance charge is 599.92. After 30 months, May decided to pay off the loan. After calculating the finance charge rebate (using the Rule-of-78), find her loan payoff.
 A) 896.96
  B) 606.49
  C) 425.04
  D) 824.96

Question 2

Georgia produces 40 more than 3 times what Harriet can produce in one day. If Georgia's total production for the day is 160, how much does Harriet produce in one day?


Briannahope

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

B

Answer to Question 2

40


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