Find the following. (Use the True Annual Interest Rate (APR) table. Round your answers to the nearest cent.) Amount Financed Finance Charge No. of Payments Payments Left $2900 $224 12 6 (a) the refund using the rule of 78 $ (b) the refund using the formula $ (c) the payoff using the rule of 78 $ (d) the payoff using the formula
Find the following. (Use the True Annual Interest Rate (APR) table. Round your answers to the nearest cent.) Amount Financed Finance Charge No. of Payments Payments Left $2900 $224 12 6 (a) the refund using the rule of 78 $ (b) the refund using the formula $ (c) the payoff using the rule of 78 $ (d) the payoff using the formula
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Find the following. (Use the True Annual Interest Rate (APR) table. Round your answers to the nearest cent.)
| Amount Financed | Finance Charge | No. of Payments | Payments Left |
|---|---|---|---|
| $2900 | $224 | 12 | 6 |
(a) the refund using the rule of 78
$
(b) the refund using the formula
$
(c) the payoff using the rule of 78
$
(d) the payoff using the formula
$
(b) the refund using the formula
$
(c) the payoff using the rule of 78
$
(d) the payoff using the formula
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