From this partial advertisement: $123.86 per month for 60 months $5,200 used car cash price $50 down payment a. Calculate the amount financed. Amount financed b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance charge c. Calculate the deferred payment price. (Round your answer to the nearest cent.)
From this partial advertisement: $123.86 per month for 60 months $5,200 used car cash price $50 down payment a. Calculate the amount financed. Amount financed b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance charge c. Calculate the deferred payment price. (Round your answer to the nearest cent.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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c. Calculate the deferred payment price. (Round your answer to the nearest cent.)
Deferred payment price
d. Calculate the APR by (Use Table 14.1 and Table 14.1(b)). (Round your answers to 2 decimal places.)
APR
between
and
e. Calculate monthly payment (by formula). (Round your answer to the nearest cent.)
Monthly payment
96

Transcribed Image Text:From this partial advertisement:
$123.86 per month for 60 months
$5,200 used car cash price
$50 down payment
a. Calculate the amount financed.
Amount financed
b. Calculate the finance charge. (Round your answer to the nearest cent.)
Finance charge
c. Calculate the deferred payment price. (Round your answer to the nearest cent.)
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