Question
From this partial advertisement: Used car= $84.38 per month for 60 months Cash price $3,800 Down payment $50 a. Calculate the amount financed. b. Calculate
From this partial advertisement:
Used car= $84.38 per month for 60 months
Cash price $3,800
Down payment $50
a.Calculate the amount financed.
b.Calculate thefinance charge.(Do not round intermediate calculations. Round your answer to the nearest cent.)
c.Calculate thedeferred payment price.(Do not round intermediate calculations. Round your answer to the nearest cent.)
d.Calculate theAPR by formula.(Do not round intermediate calculations. Round your answer to the nearest tenth percent.)
e.Calculate themonthly payment (by formula).(Do not round intermediate calculations. Round your answer to the nearest cent.)
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
