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Ramon Hernandez saw the following advertisement for a used Volkswagen Bug and decided to work out the numbers to be sure the ad had no
Ramon Hernandez saw the following advertisement for a used Volkswagen Bug and decided to work out the numbers to be sure the ad had no errors.
Cash price $
Down payment $
Annual percentage rate
Deferred price $ or payments at $ per month
Calculate the amount financed.?
Calculate the finance charge.?
Note: Round your answer to the nearest cent.
Calculate the APR by table lookup. Use Table
Note: Round your answers to decimal places.
Calculate the monthly payment by formula.?
Note: Round your answer to the nearest cent.
Calculate the monthly payment by table lookup at Use Table
Note: Round your answer to the nearest cent.
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