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Author Question: A finance company offers a 24-month installment loan with an APR of 13.5. Robert wishes to use the ... (Read 125 times)

armygirl

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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


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lindahyatt42

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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

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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