1, 2, 3, 5, 8, 9 are done.
4.) A computerwith software costs $2,922, and Catherine Stevens has agreed to pay a 16 % peryear finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month? 6.) Anentertainment center is financed at a total cost of $2,398.17 including a down payment of $150. If the center is financed over 24 months, find the monthly payment. 7.) A Hepplewhite sofa costs $3,920 in cash. Anna Wilson will purchase the sofa in 36 monthly installment payments. A 12 % peryear finance charge will be assessed on the amount financed. Find the finance charge, the installment price, and the monthly payment. 10.) Calculate the refund fraction for a 65-month loan that is paid off with 17 months remaining. 11.) Find the refund fraction on a 18-month loan with interest of $2,974 if the loan is paid in full with 12 months remaining 12.) Find the interest refund on a 39 -month loan with interest of $2,820 if the loan is paid in full with 7 months remaining. 13.) John Paszel took out a loan for 52 months but paid it in full after 31 months. Find the refund fraction he should use to calculate the amount of his refund. 14.) Phil Berry has a car loan with a company that refunds interest using the rule of 78 when loans are paid in full ahead of sched ule. He is using an employee bonus to pay off his car, which is on a 44 -month loan. The total interest for the loan is $2,378, and he has 18 more payments to make. How much finance charge will he get credit for if he pays the loan in ful immediately? 15.) If the finance charge on a loan made by Marjorie Young is $1,580 and the loan is to be paid in 48 monthly payments, find the finance charge refund if the loan is paid in full with 9 months remaining 16.)What is the monthly interest rate if an annual rate is 12.8 %? Round to two decimal places 1.07 % 17.)A credit card has an average daily balance of $2,851.09 and the monthly period ic rate is 1.246 %. What is the finance charge for the month? 18.)Suppose the charge account of Strong's Mailing Service at the local supply store had a 1.8 % interest rate permonth on the average daily balance. Find the average daily balance if Strong's had an unpaid balance on March 1 of $188.60, a payment of $30 posted on March 8, and a purchase of $36.70 posted on March 16. The billing cycle ends March 31. 19.)In John Balfour's credit card account interest is charged on the average daily balance. The cycle begins on May 4, and the cycle ends on June 3. The beginning balance is $ 285.48. A payment of $50 is posted on May 18. A charge of $15.36 is posted on May 7. A charge of $51.33 is posted on May 12. A charge of $108.89 is posted on May 29. John is charged 1.43 % perperiod. What is the finance charge for the cycle? 20.JArnold Brown has a Visa Card with an annual percentage rate of 19.2 % . The unpaid balance for his June billing cycle is $1,184.79. During the billing cycle he purchased a printercartridge for $44.21, books for $296.41 and gasoline for $16.33. He made a payment of $1,200. If the account applies the unpaid balance method, what are the finance charge and the new balance
