Use the Rule of 78 to find the payoff amount for the loan paid in full before the date of maturity.Amount Financed: $11,000 Regular Monthly Payment: $363.61Total Number of Payments scheduled: 36Loan repaid in full instead of making: 24th
A. $4144.38
B. $3624.33
C. $4482.17
D. $4118.56
Answer: C
You might also like to view...
Which property or identity justifies the statement? + 0 =
A. Addition Property B. Additive Inverse C. Additive Identity D. Closure Property
Find the least common denominator for the given set of denominators.30, 80, 50
A. 400 B. 600 C. 1,200 D. 240
Solve the problem.Southern Granite and Marble sells granite and marble by the square yard. One of its granite patterns is price sensitive. If the price is too low, customers perceive that it has less quality. If the price is too high, customers perceive that it is overpriced. The company conducted a pricing test with potential customers. The following data was collected. Let B(x) be the number of buyers at a price of x dollars per square yard. The number of buyers can be modeled by the quadratic model
Use the model to estimate the price which yields the largest number of
buyers. A. $60 per square yard B. $64 per square yard C. $66 per square yard D. $62 per square yard
Write the new function.The linear function f(x) = 225x + 6320 provides an approximation of the annual cost (in dollars) to rent an apartment at the Leisure Village Retirement Community, where x = 1 represents 1979, x = 2 represents 1980, and so on. Write a new function, g(x), that yields the same f(x)-values when the exact year number is entered.
A. g(x) = 225(1979 - x) + 6320 B. g(x) = 225(x - 1978) + 6320 C. g(x) = 225(1978 - x) + 6320 D. g(x) = 225(x - 1979) + 6320