alculate (a) the amount financed, (b) the total finance charge. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) Purchase price of a used car 5793 Down payment 1283 Number of monthly payments 48 Amount financed ? Total of monthly payments 5849.76 Total finance charge ? APR %
alculate (a) the amount financed, (b) the total finance charge. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) Purchase price of a used car 5793 Down payment 1283 Number of monthly payments 48 Amount financed ? Total of monthly payments 5849.76 Total finance charge ? APR %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1. Calculate (a) the amount financed, (b) the total finance charge. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.)
Purchase price of a used car 5793
Down payment 1283
Number of monthly payments 48
Amount financed ?
Total of monthly payments 5849.76
Total finance charge ?
APR %
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