personal finance chap 4 need questions - 2, 4, 8 & 13

person finance questions 2, 4, 8 and 13 of chapter 7

Lomm. viedoci.com/t/s/0/doc him a S service charge. What is the finance charge on this loan? 52 2. Calculating the Annual Percentage Rate. In problem 1, Dave borrowed $500 on January 1, 2019, and paid it all back on December 31, 2019. What was the APR? 3-2 3. Calculating the Annual Percentage Rate. If Dave paid the $500 in 12 equal monthly payments, what was the APR? 7.2 4. Comparing the Costs of Credit Cards. Bobby is trying to decide between two credit cards. One has no annual fee and an 18 percent interest rate, and the other has a $40 annual fee and an 8.9 percent interest rate. Should he take the card that's free or the one that costs $40? fit on $200 cash advance by using checks Will the han purchased the MP3 player on May 5 and made a S100 payment on June 15. WH charge bell you made your purchase from store A? From store B? From store C? -07-2 8. Determining Interest Cost Using the Simple Interest Formula. What are the interest cost and the total amount due on a six- month loan of S1,500 at 13.2 percent simple annual interest? Cath That Chow Dave Mural D. ADD Aftar isitinn veral automahilalarching O usually costs 530 the rest in 6 months with 10 percent interest. Does Rebecca save any money buying the saddle this way? 13. Calculating Interest Using the Simple Interest Formula. You just bought a used car for $3.500 from your cousin. He agreed to let you make payments for 3 years with simple interest at 7 percent. How much interest will you pay? - Planina late wellsine the Rank Discount Method. Your uncle lends you $2,000 less $100 (interest at 5 percent), and