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ele ty ou Jack Fitzgerald wishes to purchase a used car that has a cash price of $11,000. The installment terms include a down payment
ele ty ou Jack Fitzgerald wishes to purchase a used car that has a cash price of $11,000. The installment terms include a down payment of $2.000 and 48 monthly payments of $219. a) What finance charge will Jack pay? b) What is the APR to the nearest half percent? Annual Percentage Rate Table for Monthly Payment Plans Finance charge per $100 of amount financed) Number 7.5096 8.60% 80% 9.00 9.500 of Payments 36 11.98 12. 13.64 14.48 15:32 48 16.06 17 18 18.31 19.45 20.59 55 tu The finance charge is so The APR = % ra ha Te OO tu Enter your answer in each of the answer boxes Disc Course Tools 08/08/20 123 My Acrede cand company detenes Card holder's monthly payment by adding all new 15% of the outstanding papal The credit card company changes as of 05041 per day On November il a customersed his credit card to pay for the following business expenses van repairs (1981) egipment maintenance (407) Office supplies (562) and when Cou Use the woman and the rule that mum payments are wounded up to the nearest dobar to answer parts a and below Asuming the card holder had no new interest, determine his mum payment due on December 1, his biling date The card holder's minimum payment due on December 10 Stu h On December , instead of making his mum payment, the card holder makes a payment of $250. Assuming there are no additional charges or cash advances in the cand payment on January 1 Gra The card holders mum payment due on January 15 che
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