Tarik is purchasing a new boat that sells for $60,714, including taxes and fees. He receives $21,500

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Tarik is purchasing a new boat that sells for $60,714, including taxes and fees. He receives $21,500 as a trade-in on his old boat and uses the money as a down payment. Tarik finances the balance and has monthly payments of $767.29 for 60 months.

a) What finance charge does Tarik pay?

b) What is the APR to the nearest half percent?

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A Survey Of Mathematics With Applications

ISBN: 9780135740460

11th Edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 13, 2021 02:56 AM

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Tarik is purchasing a new boat that sells for $60,714, including taxes and fees. He receives $21,500

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a Amount borrowed 60714 21500 39 214 Total insta...View the full answer

A Survey Of Mathematics With Applications

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