Use an annual percentage rate table to solve the problem.In order to make some home improvements, a home owner spent $20,000. He paid 15% as a down payment and financed the balance of the purchase with a
fixed installment loan with an APR of
Determine the home owner's total finance charge and monthly payment.
A. Total finance charge = $2562.00; Monthly payment = $626.72
B. Total finance charge = $1006.40; Monthly payment = $500.18
C. Total finance charge = $1205.30; Monthly payment = $505.70
D. Total finance charge = $2920.60; Monthly payment = $553.35
Answer: C
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Evaluate the expression.
A. 45 B. 0! C. 1 D. 10
Solve the problem.A $154,000 trust is to be invested in bonds paying 7%, CDs paying 5%, and mortgages paying 10%. The bond and CD investment together must equal the mortgage investment. To earn a $12,470 annual income from the investments, how much should the bank invest in bonds?
A. $31,000 B. $77,000 C. $44,000 D. $46,000
Multiply.13(-12)
A. -169 B. 169 C. -156 D. -144
Find the component of u along v if u = (0,7) and v = (6,8).
What will be an ideal response?