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From this partial advertisement: Used car $86.83 per month for 60 months Cash price $3,700 Down payment $50 a. Calculate the amount financed. Answer is
From this partial advertisement: Used car $86.83 per month for 60 months Cash price $3,700 Down payment $50 a. Calculate the amount financed. Answer is complete and correct. Amount financed $ 3,650 b. Calculate the finance charge. (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete and correct. Finance change $1,559.80 c. Calculate the deferred payment price. (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete and correct. Deferred payment price $5,259.80 d. Calculate the APR by formula. (Do not round intermediate calculations. Round your answer to the nearest tenth percent.) APR by formula APR by formula % e. Calculate the monthly payment (by formula). (Do not round intermediate calculations. Round your answer to the nearest cent.) Monthly payment by formula
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