Jamie needs a new roof on her house. The cash cost is ​$5500. She decides to finance the project by paying 14.0​% ​down, with the balance paid in 6 monthly payments of ​$811.   ​a) What finance charge will Jamie​ pay? ​b) What is the APR to the nearest half​ percent?   LOADING... Click the icon to view the APR table. ​a) The finance charge is ​$

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Jamie needs a new roof on her house. The cash cost is
​$5500.
She decides to finance the project by paying
14.0​%
​down, with the balance paid in
6
monthly payments of
​$811.
 
​a) What finance charge will Jamie​ pay?
​b) What is the APR to the nearest half​ percent?
 
LOADING...
Click the icon to view the APR table.
​a) The finance charge is
​$
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