Kara is opening up a new daycare business in her home. She needs $6500 to purchase toys
Question:
Kara is opening up a new daycare business in her home. She needs $6500 to purchase toys and a backyard playset. Kara makes a 10% down payment and finances the balance with a 48-month fixed installment loan with an APR of 4.5%.
a) Determine Kara’s finance charge.
b) Determine Kara’s monthly payment.
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Amount of loan 6500 0106500 5850 a From Table 102 the ...View the full answer
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Related Book For
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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