Author Question: Tyrone Brown is going to purchase a car on installment. His down payment is 1,575 with 36 payments ... (Read 131 times)

abc

  • Hero Member
  • *****
  • Posts: 543
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
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


 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

For a complete list of videos, visit our video library