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Author Question: Ping is going to purchase a truck on installment. His down payment is 1,300 with 48 payments of 290. ... (Read 160 times)

future617RT

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Ping is going to purchase a truck on installment. His down payment is 1,300 with 48 payments of 290. The truck is priced at 12,990. What is the finance charge?

Question 2

Saheel has a charge card with a monthly rate of 1.4 on amounts up to 1,000 and 0.9 on amounts over 1,000. Saheel's previous balance was 1,421.51. He made a payment of 175, charged 423.89, and was issued a credit for 14.90. Using the previous balance method, what is his new balance?



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Gabe

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Answer to Question 1

2,230;

Answer to Question 2

1,703.09;




future617RT

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review


mohan

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Reply 3 on: Yesterday
Wow, this really help

 

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