8th Edition

ISBN: 9781305888715

Author: Brechner

Publisher: CENGAGE LEARNING - CONSIGNMENT

Concept explainers

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Textbook Question

Chapter 13.II, Problem 11RE

Calculate the amount financed, the finance charge, and the monthly payments. For the following add-on interest loans.

Purchase

(Cash) Down Amount Add-on Number of Finance Monthly

Price Payment Financed Interest Payments Charge Payment

$17,450 $2,000 ________ 14% 48 ________ _________

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Chapter 13.II, Problem 10RE

Chapter 13.II, Problem 12RE

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Chapter 13 Solutions

EBK CONTEMPORARY MATHEMATICS FOR BUSINE

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Calculate the amount financed, the finance charge, and the monthly payments. For the following add-on interest loans. Purchase (Cash) Down Amount Add-on Number of Finance Monthly Price Payment Financed Interest Payments Charge Payment $17,450 $2,000 14% 48 _

Solution Summary: The author calculates the amount financed, the finance charge, and the monthly payment of an installment loan using add-on interest.

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Chapter 13 Solutions