FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 15 1 pts The Smyths purchased a furniture set for $2,500 at 12% add-on interest for 3 years resulting in a monthly payment of

image text in transcribed
Question 15 1 pts The Smyths purchased a furniture set for $2,500 at 12% add-on interest for 3 years resulting in a monthly payment of $94.44. If they decide to pay-off the loan after making the 20th payment they will save $74.32 in interest, what will their pay-off amount be? $964.52 $660.72 $611.20 $870.08

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

Personal Finance

Authors: Jack Kapoor

12th Edition

125996776X, 9781259967764

More Books

Students also viewed these Finance questions

Question

★★★★★
Use the pooled-variances t-test of Chapter 11 in comparing the sample means for the data of Exercise 12.30. Is the conclusion consistent with the one reached in that exercise? Explain. In exercise...

Answered: 1 week ago

Question

★★★★★
Evaluate. V-512

Answered: 1 week ago

Question

★★★★★
87. (a) From the results of Section 3.6.3 we can conclude that there are n+m1 m1 nonnegative integer valued solutions of the equation x1 + + xm = n. Prove this directly. (b) How many positive...

Answered: 1 week ago

Question

★★★★★
1. On February 1, 2010, Pat Weaver Inc. (PWI) issued 10%, $1,000,000 bonds for $1,116,000. PWI retired all of these bonds on January 1, 2011, at 102. Unamortized bond premium on that date was...

Answered: 1 week ago

Question

★★★★★
Assume you are a trader with Deutsche Bank. From the quote screen on your computer terminal, you notice that Dresdner Bank is quoting 0.7627 for 1USD while Credit Suisse is offering SF1.1806 for...

Answered: 1 week ago

Question

★★★★★
Bright Minds Toy Company prepared the following wes budget for the second quarter Projected sales for each of the test three months of operations are as follow sales budget April Cash Sales 90.000...

Answered: 1 week ago

Question

★★★★★
The form of energy processed by vision is ______________. Question 20Answer a. Sound waves b. Light waves c. Chemical signals d. Electric impulses

Answered: 1 week ago

Question

★★★★★
This is based on the plastic straw articles below. Be sure to base your analysis on the snippets provided. Be specific in the analysis, especially for the industries and the stakeholders. Based on...

Answered: 1 week ago

Question

★★★★★
Supply chain manager proposes two altenatives 4 week lead time reduction by workign with alternative supplier or Reducing the number of DCs 10 reduction in number of DCs a. Which alternative do you...

Answered: 1 week ago

Question

★★★★★
A lab technician wants to measure the terminal voltage of a battery connected to a load resistor R-2 Q. The battery has r 0.50 internal resistance and emf e-5V. The lab technician being amateur...

Answered: 1 week ago

Question

★★★★★
Julia mark and Peter own a rental property as tenants in common. Julia owns a 40% share, mark owns a 35% share and Peter owns the remaining 25%. the property generates $2000 in rental income for the...

Answered: 1 week ago

Question

★★★★★
6. Based on the following distributional norms, discuss what you think should be the norms basis of your workplace / school. Prioritize the distribution norms as you think they should be used: a) It...

Answered: 1 week ago

Question

★★★★★
4. In what way is a values system crucial to a communication process?

Answered: 1 week ago

Question

★★★★★
3. How can rumours about someone contribute to creating the behaviour we expect him / her to have? Use examples from your own everyday life.

Answered: 1 week ago

Previous Question Next Question