Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question 2 QUESTION 2 On June 8, you get a boat loan. Your first payment is due July 8. You write out your check on

question 2 image text in transcribed
image text in transcribed
QUESTION 2 On June 8, you get a boat loan. Your first payment is due July 8. You write out your check on July 8, drop it in a mailbox that same day, it get postmarked on July 9. and the lender receives it on July 10. Foc how many days is interest calculated? 30 days O 31 days 0 32 days 33 days QUESTION 3 On December 14 you get a 13.99 $1.700 furniture loan with monthly payments of $81.54. Your first payment is due January 14. What is the after your first payment, assuming the lender receives your payment on January 112 51.618.46 $1,636:59 US1,681.87 S18.13 liet Sanu and Sto save and submit. Click Save Allowers to save all ansters Type here to search O BE E e 01. NO Lense tees of 5980. You borrow $11,500 at 12.9% interest for 3 years with monthly pay JUU... What is the total cost of the boat, including tax and license fees and finance charges? $26,330 $28.759.48 $14,830 $17.259.48 QUESTION 2 On June 8. you get a boat loan. Your first payment is due July 8. You write out your check on July 8, drop it in a mailbox that same day, it gets postmarked on July 9. and the lender receives it on July 10. For how many days is Interest calculated? 30 days 31 days 32 days 33 days Chi Sud Sritto tove and bitche Se Alls to tone alla Type here to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jack Kapoor

13th Edition

1260799735, 9781260799736

More Books

Students also viewed these Finance questions

Question

2. It is the results achieved that are important.

Answered: 1 week ago