Homework Answers
rate positively .. let me know if you need any clarification..
| Purchase price | Down payment | Number of Monthly payment | Amount financed | Total of monthly payments | Total finance charge | APR |
| 5893 | 1333 | 48 | 4560 | 5949.76 | 1389.76 | 13.71% |
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Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula (Do...
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula. (Do...
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula. (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) Answer is complete but not entirely correct. Total of monthly Purchase price of a used car Down Number of Amount Total finance APR monthly payments рayment financed charge payments 17.7 % $ $ 1,173 5,573 48 4,400 5,629.76 1,229.76
Calculate the amount financed, the finance charge, and the total deferred payment price for the following...
Calculate the amount financed, the finance charge, and the total deferred payment price for the following installment loan. Round your answers to the nearest cent. Purchase (Cash) Down Payment Monthly Payment Number of Payments Finance Deferred Payment Price Finance Charge 53.100 154 $258.00
From this partial advertisement: Used Car $106.88 per month for 60 months Cash price $4,800 Down...
From this partial advertisement: Used Car $106.88 per month for 60 months Cash price $4,800 Down payment $50 a. Calculate the amount financed. Amount financed b. Calculate the finance charge. (Do not round Intermediate calculations. Round your answer to the nearest cent.) Finance change c. Calculate the deferred payment price. (Do not round intermediate calculations. Round your answer to the nearest cent.) Deferred payment price d. Calculate the APR by formula. (Do not round intermediate calculations. Round your answer to...
From this partial advertisement: Used car $86.83 per month for 60 months Cash price $3,700 Down...
From this partial advertisement: Used car $86.83 per month for 60 months Cash price $3,700 Down payment $50 a. Calculate the amount financed. Answer is complete and correct. Amount financed $ 3,650 b. Calculate the finance charge. (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete and correct. Finance change $1,559.80 c. Calculate the deferred payment price. (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete and correct....
From this partial advertisement: Used car $71.66 per month for 60 months Cash price $3,200 Down...
From this partial advertisement: Used car $71.66 per month for 60 months Cash price $3,200 Down payment $50 a. Calculate the amount financed. b. Calculate the finance charge. (Do not round intermediate calculations. Round your answer to the nearest cent.) c. Calculate the deferred payment price. (Do not round intermediate calculations. Round your answer to the nearest cent.) d. Calculate the APR by formula. (Do not round intermediate calculations. Round your answer to the nearest tenth percent.) e. Calculate the...
U Cash Down Amount Number of Amount of Finance APR Price Payment Financed Payments Payment Charge...
U Cash Down Amount Number of Amount of Finance APR Price Payment Financed Payments Payment Charge $6000 $3000 $3000 12 $260 $ % (Finance charge per $100 of amount financed) Number of payments 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 12 3.00 3.28 3.56 3.83 4.11 4.39 4.66 18 4.41 4.82 5.22 5.63 6.04 6.45 6.86 48 11.63 12.73 13.83 14.94 16.06 17.18 18.31 55 tu The finance charge is $ Use the APR table to find the APR. Gra...
From this partial advertisement: $84.38 per month for 60 months $3,800 used car cash price $50...
From this partial advertisement: $84.38 per month for 60 months $3,800 used car cash price $50 down payment a. Calculate the amount financed. Amount financed: $ b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance charge: $ c. Calculate the deferred payment price. (Round your answer to the nearest cent.) Deferred payment price: $ d. Calculate the APR by (Use Table 14.1 and Table 14.1(b)). (Round your answers to 2 decimal places.) APR: between % and % e....
zoom picture please From this partial advertisement: $104.63 per month for 60 months $4.700 used car...
zoom picture please
From this partial advertisement: $104.63 per month for 60 months $4.700 used car cash price $50 down payment a. Calculate the amount financed. Amount financed $ b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance charge $ c. Calculate the deferred payment price. (Round your answer to the nearest cent.) Deferred payment price $ d. Calculate the APR by (Use Table 14.1 and Table 14.1(b)). (Round your answers to 2 decimal places.) APR:...
1.Calculate the amount of interest that will be paid on a motorcycle loan of $9,000 with...
1.Calculate the amount of interest that will be paid on a motorcycle loan of $9,000 with a simple interest rate of 7% over the course of 5 years. 2.Calculate the amount of interest that will be paid on a house that costs $110,000 with a simple interest rate of 4% over 30 years. How much total will eventually be paid for the house? 3.A pontoon boat is being sold for $65,000. With an offer of 6% APR (simple interest)for 10...
Suves et Check Complete the following table: Purchase price of product Landcruiser Down payment Amount financed...
Suves et Check Complete the following table: Purchase price of product Landcruiser Down payment Amount financed Number of monthly payments Amount of monthly payments Total of monthly payments Total finance charge 85,000 $ 60,000
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula. (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) Answer is complete but not entirely correct. Total of monthly Purchase price of a used car Down Number of Amount Total finance APR monthly payments рayment financed charge payments 17.7 % $ $ 1,173 5,573 48 4,400 5,629.76 1,229.76
Calculate the amount financed, the finance charge, and the total deferred payment price for the following installment loan. Round your answers to the nearest cent. Purchase (Cash) Down Payment Monthly Payment Number of Payments Finance Deferred Payment Price Finance Charge 53.100 154 $258.00
From this partial advertisement: Used Car $106.88 per month for 60 months Cash price $4,800 Down payment $50 a. Calculate the amount financed. Amount financed b. Calculate the finance charge. (Do not round Intermediate calculations. Round your answer to the nearest cent.) Finance change c. Calculate the deferred payment price. (Do not round intermediate calculations. Round your answer to the nearest cent.) Deferred payment price d. Calculate the APR by formula. (Do not round intermediate calculations. Round your answer to...
From this partial advertisement: Used car $86.83 per month for 60 months Cash price $3,700 Down payment $50 a. Calculate the amount financed. Answer is complete and correct. Amount financed $ 3,650 b. Calculate the finance charge. (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete and correct. Finance change $1,559.80 c. Calculate the deferred payment price. (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete and correct....
U Cash Down Amount Number of Amount of Finance APR Price Payment Financed Payments Payment Charge $6000 $3000 $3000 12 $260 $ % (Finance charge per $100 of amount financed) Number of payments 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 12 3.00 3.28 3.56 3.83 4.11 4.39 4.66 18 4.41 4.82 5.22 5.63 6.04 6.45 6.86 48 11.63 12.73 13.83 14.94 16.06 17.18 18.31 55 tu The finance charge is $ Use the APR table to find the APR. Gra...
zoom picture please
From this partial advertisement: $104.63 per month for 60 months $4.700 used car cash price $50 down payment a. Calculate the amount financed. Amount financed $ b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance charge $ c. Calculate the deferred payment price. (Round your answer to the nearest cent.) Deferred payment price $ d. Calculate the APR by (Use Table 14.1 and Table 14.1(b)). (Round your answers to 2 decimal places.) APR:...
Suves et Check Complete the following table: Purchase price of product Landcruiser Down payment Amount financed Number of monthly payments Amount of monthly payments Total of monthly payments Total finance charge 85,000 $ 60,000
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