« previous next »

Author Question: Tyrone Brown is going to purchase a car on installment. His down payment is 1,575 with 36 payments ... (Read 129 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Jun 24, 2018
Tyrone Brown is going to purchase a car on installment. His down payment is 1,575 with 36 payments of 327.80. The truck is priced at 12,000. What is the finance charge?

Question 2

Greta is going to buy a home entertainment center on installment with a down payment of 450 and 24 payments of 155. What is the installment price?


strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 24, 2018
Answer to Question 1

1,375.80;
36  327.80 = 11,800.80; 11,800.80 + 1,575 = 13,375.80; 13,375.80 - 12,000 = 1,375.80

Answer to Question 2

4,170;
24  155 = 3,720; 3,720 + 450 = 4,170


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

abc

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jun 24, 2018
Thank you


strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Brown teeth Brown teeth
Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ... Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ...
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library