Question
Find the following. (Use the True Annual Interest Rate (APR) table. Round your answers to the nearest cent.) Amount Financed Finance Charge No. of Payments
Find the following. (Use the True Annual Interest Rate (APR) table. Round your answers to the nearest cent.)
| Amount Financed | Finance Charge | No. of Payments | Payments Left |
|---|---|---|---|
| $2000 | $155 | 12 | 6 |
(a) the refund using the rule of 78 $ (b) the refund using the formula $ (c) the payoff using the rule of 78 $ (d) the payoff using the formula $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Originate Motivate Innovate 7 Steps For Building A Billion Dollar Network
Authors: Shelly Omilade Bell, Sonya Renee Taylor
1st Edition
1119900549, 978-1119900542
