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Author Question: A bank offers a 24-month installment loan with an APR of 10.5. Martha wishes to use the loan to ... (Read 174 times)

asd123

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on: Jun 24, 2018
A bank offers a 24-month installment loan with an APR of 10.5. Martha wishes to use the loan to finance a sofa for 1,000. After using Table 13-1 from your text to find the finance charge, calculate the monthly payment.
 A) 46.38
  B) 41.67
  C) 52.97
  D) 46.04

Question 2

Underline the key word(s) and translate into an equation: 12 less than 6B leaves 36


s.meritte

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

A

Answer to Question 2

12 less than 6B leaves 36
6B  12 = 36


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