#17

Student Number For questions 16 and 17, use table on page A13 in the textbook. tethe Refer to the Monthly Payment on an Installment Loan of $i00 allment Loan of S100 16. Antoni Gaudi purchased a bedroom set with an installment loan that has an APR of 12%. The bedroom set sells monthly payments. What is the finance charge? for $2,650. The store financing requires a 15% down payment and 42 Firance charge price for coroc m : $ac56 cc Annual percentage ra 1 . inair Louise Bourgeois obtained a $3,200 installment loan for a marble floor in her foyer. The Cho annual percentage rate is 9%. She must repay the loan in 24 months. Find the (a) monthly payment using the formula, (b) total amount repaid, and (c) the finance charge. 17. continue