A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $272.50 a) amount to be paid- $9,810 b) amount of interest - $810.12 c) Find the interest rate  d) find the APR

Q: 2. A bank offers a 272 - day discounted loan at a simple discount rate of 12%. (a) How much money…

A: Solution Concept Simple interest rate is the rate that does not have the effect of compounding To…

Q: Use the information for the question(s) below. You are in the process of purchasing a new automobile…

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Q: Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use…

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A: In this problem we have to get interest rate from given data.

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A: Principal amount : It is the initial or the total amount that is being borrowed by an individual…

Q: From this partial advertisement: $123.86 per month for 60 months $5,200 used car cash price $50 down…

A: please like the answer your response matters a) amount financed $5150 5200-50   finance charge…

Q: Give typing answer with explanation and conclusion You have a balance of $9700 for your tuition on…

A: Here,Balance of the card is $9700APR is 13%Minimum Payment is 4%

Q: 1. showed these transactions: A credit card statement for July July 1 Previous balance July 6…

A: Meaning of Unpaid Balance Method  Although not commonly used, when the unpaid balance method is…

Q: Use the unpaid balance method to find the finance charge on the credit card account. Last month's…

A: Here,Last Month Balance is $440Payment is $330Interest Rate is 19.20%Method is Unpaid Balance Method

Q: For the car loan described, give the following information. A car dealer will sell you a used car…

A: Loan is a contract between lender and borrower where lender provide funds to borrower for finite…

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Q: whats the answer to number 1?

A: Please see the next step for the solution

Q: You are the loan department supervisor for a bank. This installment loan is being paid off early,…

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Q: 7. A car dealership offers financing toward the purchase of a Toyota Prius. The dealership's offer…

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Q: For the car loan described, give the following information. A newspaper advertisement offers a…

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Q: For the car loan described, give the following information. A newspaper advertisement offers a…

A: given, p= $9000 months= 36 monthly payment = $302.50

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A: Credit card finance charges or interest is the charge that credit card companies impose on the card…

Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…

A: Finance charge refers to the amount that is billed to the card account if the previous month’s total…

Q: Purchase price: $21,000 Down payment: $4,000

A: Amount of money borrowed = Purchase price of Car - Downpayment of Car

Q: Calculate

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use…

A: Amount financed = Purchase price - Down payment Amount financed = $4,195 - $95 Amount financed…

Q: For the car loan described, give the following information. A newspaper advertisement offers a…

A: Given, Principal amount = $4,000 Number of payments = 36 Monthly payment = $156.62

Q: Use the unpaid balance method to find the finance charge on the credit card account. Last month's…

A: Unpaid balance method In case of the unpaid balance method, the finance charge is based on all…

Q: Use the unpaid balance method to find the finance charge on the credit card account. Last​ month's…

A: Last month's balance = $400 Payment = $350 Interest rate = 16.7% Bought plane ticket = $100 Bought…

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A: The formula to calculate effective annual rate is given below:

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A: Total amount of interest paid on loan = Total monthly payments made - Amount of loan taken

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