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Complete the following table: Purchase price of product Down payment Landcruiser $ 62,900 $ 47,000 Amount financed Number of monthly Amount of monthly payments payments
Complete the following table: Purchase price of product Down payment Landcruiser $ 62,900 $ 47,000 Amount financed Number of monthly Amount of monthly payments payments $ 66 $ 408 Total of monthly payments Total finance charge Complete the following table: Purchase price of product Schwinn Mountain Bike Down payment Amount financed Number of monthly Amount of monthly payments payments 12 $ 16.50 Total of monthly payments Total finance charge $ 254 $ 100 Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1 and Table 14.1(b).) Purchase price of a Down payment used car 4,375 $ 95 Amount financed Number of monthly payments 60 APR Total of monthly payments $ 6,124 Total finance charge Purchase price of a used car $5,733 Down payment $1,253 Number of monthly payments 48 Amount financed $4,480 Total of monthly payments $5,789.76 Total finance charge $1,309.76 APR 13% Monthly Payment By table By formula $ 120.62
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