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Julio buys a kor fish pond (and fish to put in it) for his wife on their anniversary. He pays $8,000 for the pond with
Julio buys a kor fish pond (and fish to put in it) for his wife on their anniversary. He pays $8,000 for the pond with $2.000 down. The dealer charges add on interest of 35% per year, and Julio agrees to pay the loan with 36 equal monthly payments Use this information for Exercise 7-10 7. Find the total amount of interest she will pay 8. Find the monthly payment 9. Find the APR value to the nearest hall percent) 10. Find (a) the unearned interest and (b) the payoff amount if he repays the loan in full with 12 months remaining. Use the most accurate method available
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