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

Author Question: A finance company offers a 24-month installment loan with an APR of 13.5. Robert wishes to use the ... (Read 142 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
on: Jun 24, 2018
A finance company offers a 24-month installment loan with an APR of 13.5. Robert wishes to use the loan to finance a delivery truck for 31,200. After using Table 13-1 from your text to find the finance charge, calculate the monthly payment.
 A) 612.11
  B) 1,475.50
  C) 1,490.58
  D) 1,651.00

Question 2

Underline the key word(s) and translate into an equation: the cost of A at 12.50 each is 225.00


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

the cost of A at 12.50 each is 225.00
12.50A = 225.00


armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Robert Bunsen Robert Bunsen
Choose the telephone unit that offers the features needed in your office. Choose the telephone unit that offers the features needed in your office.
Robert Mapplethorpe, Calla Lily. Robert Mapplethorpe, Calla Lily.
6 month old baby in highchair eating 6 month old baby in highchair eating
7-month-old Leslie —an example of cross-modal transfer 7-month-old Leslie —an example of cross-modal transfer
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: What is an ecosystem?

For a complete list of videos, visit our video library