{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-12T06:03:34-04:00", "answer_date": "2024-09-12 06:03:34", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10404065", "url": "\/study-help\/questions\/on-september-1-2013-susan-chao-bought-a-motorcycle-for-10404065", "question_creation_date_js": "2024-09-12T06:03:34-04:00", "question_creation_date": "Sep 12, 2024 06:03 AM", "meta_title": "[Solved] On September 1, 2013, Susan Chao bought a | SolutionInn", "meta_description": "Answer of - On September 1, 2013, Susan Chao bought a motorcycle for $22,000. She paid $1,000 down and financed the balance with a | SolutionInn", "meta_keywords": "september,1,2013,susan,chao,bought,motorcycle,$22,000,paid,$1,000,financed,balance", "question_title_h1": "On September 1, 2013, Susan Chao bought a motorcycle for $22,000. She paid $1,000 down and financed the balance with a five-year loan at an", "question_title": "On September 1, 2013, Susan Chao bought a motorcycle for $22,000. She", "question_title_for_js_snippet": "On September 1, 2013, Susan Chao bought a motorcycle for $22,000 She paid $1,000 down and financed the balance with a five year loan at an APR of 6 4 percent, compounded monthly She started the monthly payments exactly one month after the purchase (i e , October 1, 2013) Two years later, at the end of October 2015, Susan got a new job and decided to pay off the loan If the bank charges her a 1 percent prepayment penalty based on the loan balance, how much must she pay the bank on November 1, 2015 (Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 )", "question_description": "
On September 1, 2013, Susan Chao bought a motorcycle for $22,000. She paid $1,000 down and financed the balance with a five-year loan at an APR of 6.4 percent, compounded monthly. She started the monthly payments exactly one month after the purchase (i.e., October 1, 2013). Two years later, at the end of October 2015, Susan got a new job and decided to pay off the loan.<\/p> <\/td> <\/tr> <\/tbody> <\/table> <\/p>
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