This topic contains a solution. Click here to go to the answer

Author Question: Marisol finances a sports car for 27,100 by taking out an installment loan for 36 months. The ... (Read 121 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
Marisol finances a sports car for 27,100 by taking out an installment loan for 36 months. The payments were 978.61 per month and the total finance charge was 8,129.96. After 22 months, Marisol decided to pay off the loan. After calculating the finance charge rebate, find her loan payoff amount.
 A) 13,700.54
  B) 12,418.79
  C) 12,995.85
  D) 14,862.23

Question 2

An accounting firm has 24 partners. Twelve partners are senior partners and twelve are junior partners. The senior partners receive twice as much as the junior partners. A net income of 22,600,000 is earned for the year. How much will each junior partner receive?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djofnc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

B

Answer to Question 2

627,777.78



SO00

  • Hero Member
  • *****
  • Posts: 568

djofnc

  • Sr. Member
  • ****
  • Posts: 318

 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

For a complete list of videos, visit our video library