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Hi! Can someone help me with my financial literacy assignment? FINANCIAL LITERACY ASSIGNMENT StudyForge Resources c. What simple interest percentage rate is this finance charge?

Hi! Can someone help me with my financial literacy assignment?

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FINANCIAL LITERACY ASSIGNMENT StudyForge Resources c. What simple interest percentage rate is this finance charge? Recall: 1 = Prt 11. A college student is trying to decide whether to buy or lease a motorcycle for getting to and from school. The cost of the motorcycle is $13,000, including tax. a. Determine the monthly payment on a loan for the bike with a financing term of 36 months, an APR of 5.9%, compounded monthly. b. Determine the monthly payment on a lease for 24 months, an APR of 4.1%, compounded monthly. The deprecation is 15% per year. Based solely on the monthly payment, which option is the most affordable for this student.INANCIAL LITERACY ASSIGNMENT StudyForge Resources 9. Credit Cards: a. If you have a balance of $1,245.00 on your credit card, how long will it take you to pay off the balance if you make $50.00/month payments until it is paid off? The APR is 19%. b. What will be your monthly payment on a credit card with a balance of $2,456.80, if you desire to pay it off in 2 years, at an APR of 23.99%? 10. A furniture company allows customers to purchase household furnishings with an in-store loan, pay with cash or a credit card, or Rent-To-Own with a lease agreement. A customer chooses furniture worth $3,225.00 including tax and chooses to Rent-To-Own. Rent to Own Furniture Warehouse No down payment is required. The monthly lease payment is $156.99 for 2 years. a. Calculate the total cost to own the furniture using the Rent-To-Own option. b. What the amount of the finance charge on this purchase

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