Joe Clemente bought a stereo costing $1700 with $100 down and 10% add-on interest to be paid in 18 equal monthly installments. Find the following. (Round your answers to the nearest cent.) the finance charge = 240 the monthly payment = 102.22 (A) the interest refund if he pays off the loan after 10 months $   (B) the amount needed to pay off the loan

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A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

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A: P = 10500 r = 9.6% = 9.6/100 = 0.096 t = 8

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A: Given, Interest Rate R=4.00%=0.04 Face Value = $1000 91 days T-bill

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A: Solution

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