Jaguar sells its car at a price of RO 74,000. Ahmed made a 20% down payment. The loan is for 48 months with a monthly payment of 1465. What is the amount financed? a. 59,200 RO O b. 14,800 RO O c. 3680 RO O d. 70,320 RO
Jaguar sells its car at a price of RO 74,000. Ahmed made a 20% down payment. The loan is for 48 months with a monthly payment of 1465. What is the amount financed? a. 59,200 RO O b. 14,800 RO O c. 3680 RO O d. 70,320 RO
Chapter1: Financial Statements And Business Decisions
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![Jaguar sells its car at a price of RO 74,000.
Ahmed made a 20% down payment. The loan is
for 48 months with a monthly payment of 1465.
What is the amount financed?
a, 59,200 RO
O b. 14,800 RO
O c. 3680 RO
O d. 70,320 RO](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2714b39c-09d8-4d68-91e9-db13138f1b9b%2F1e1b026e-13f5-4120-bcd9-85f839267dc5%2F710r3qf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Jaguar sells its car at a price of RO 74,000.
Ahmed made a 20% down payment. The loan is
for 48 months with a monthly payment of 1465.
What is the amount financed?
a, 59,200 RO
O b. 14,800 RO
O c. 3680 RO
O d. 70,320 RO
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