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Question 13 (0.15 points) You are comparing the cost of credit to the cash price of an item. If you make a down payment of

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Question 13 (0.15 points) You are comparing the cost of credit to the cash price of an item. If you make a down payment of $100 and pay $58 per month for 12 months, how much more will that amount be than a cash price of $611? Your Answer: Answer Question 14 (0.15 points) You are trying to decide between a 48-month loan and a 60-month car loan. If the loan is for $25,000 at 3% APR, how much more per month is the monthly payment of the shorter loan? Your Answer: Answer Question 15 (0.15 points) A payday loan company charges you 6% interest to borrow money for just two weeks. What is the equivalent annual percentage rate? Your

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