Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
8th Edition
ISBN: 9781337125468
Author: Brechner
Publisher: Cengage
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Textbook Question
Chapter 13.II, Problem 1RE
Calculate the amount financed, the finance charge, and the total deferred payment price for the following installment loans.
Purchase
(Cash) Down Amount Monthly Number of Finance Total
Price Payment Financed Payment Payments Charge Deferred
Payment
Price
$1,400 $350 $1,050.00 $68.00 24 $582.00 $1,982.00
_________ _______ ________
Expert Solution & Answer
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Check out a sample textbook solutionStudents have asked these similar questions
A: Tan Latitude / Tan P
A = Tan 04° 30'/ Tan 77° 50.3'
A= 0.016960 803 S CA named opposite to latitude,
except when hour angle between 090° and 270°)
B: Tan Declination | Sin P
B Tan 052° 42.1'/ Sin 77° 50.3'
B = 1.34 2905601 SCB is alway named same as
declination)
C = A + B = 1.35 9866404 S CC correction, A+/- B:
if A and B have same name - add, If
different name- subtract)
=
Tan Azimuth 1/Ccx cos Latitude)
Tan Azimuth = 0.737640253
Azimuth
=
S 36.4° E CAzimuth takes combined
name of C correction and Hour Angle - If LHA
is between 0° and 180°, it is named "west", if
LHA is between 180° and 360° it is named "east"
True Azimuth= 143.6°
Compass Azimuth = 145.0°
Compass Error = 1.4° West
Variation 4.0 East
Deviation: 5.4 West
A: Tan Latitude / Tan P
A = Tan 04° 30'/ Tan 77° 50.3'
A= 0.016960 803 S CA named opposite to latitude,
except when hour angle between 090° and 270°)
B: Tan Declination | Sin P
B Tan 052° 42.1'/ Sin 77° 50.3'
B = 1.34 2905601 SCB is alway named same as
declination)
C = A + B = 1.35 9866404 S CC correction, A+/- B:
if A and B have same name - add, If
different name- subtract)
=
Tan Azimuth 1/Ccx cos Latitude)
Tan Azimuth = 0.737640253
Azimuth
=
S 36.4° E CAzimuth takes combined
name of C correction and Hour Angle - If LHA
is between 0° and 180°, it is named "west", if
LHA is between 180° and 360° it is named "east"
True Azimuth= 143.6°
Compass Azimuth = 145.0°
Compass Error = 1.4° West
Variation 4.0 East
Deviation: 5.4 West
Direction: Strictly write in 4 bond paper, because my activity
sheet is have 4 spaces. This is actually for maritime.
industry course, but I think geometry can do this.
use nautical almanac.
Sample Calculation (Amplitude- Sun):
On 07th May 2006 at Sunset, a vesel in position 10°00'N
0 10°00' W observed the sun bearing 288° by compass. Find
the
compass error.
LMT Sunset
07d
18h
13m
(+)00d
00h
40 м
LIT:
UTC Sunset:
07d
18h
53 m
added - since
longitude is
westerly
Declination Co7d 18h): N016° 55.5'
d(0.7):
(+)
00-6
N016 56.1'
Declination Sun:
Sin Amplitude Sin Declination (Los Latitude
- Sin 016° 56.1'/Cos 10°00'
= 0.295780189
Amplitude = WI. 2N (The prefix of amplitude is
named easterly if body is rising.
and westerly of body is setting.
The suffix is named came as
declination.)
True Bearing: 287.20
Compass Bearing
288.0°
Compass Error: 0.8' West
Chapter 13 Solutions
Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
Ch. 13.I - Mike Dennis has a Bank of America account with an...Ch. 13.I - Kendra Wolf has a Bank of America revolving credit...Ch. 13.I - Angler Marine has a $75,000 line of credit with...Ch. 13.I - Calculate the missing information on the following...Ch. 13.I - Calculate the missing information on the following...Ch. 13.I - Calculate the missing information on the following...Ch. 13.I - Calculate the missing information on the following...Ch. 13.I - Prob. 5RECh. 13.I - Calculate the missing information on the following...Ch. 13.I - Anny Winslow has a Bank of America revolving...
Ch. 13.I - Kathy Hansen has a revolving credit account. The...Ch. 13.I - Kathy Hansen has a revolving credit account. The...Ch. 13.I - Kathy Hansen has a revolving credit account. The...Ch. 13.I - Prob. 11RECh. 13.I - Kathy Hansen has a revolving credit account. The...Ch. 13.I - Prob. 13RECh. 13.I - 14. Calculate the average daily balance for...Ch. 13.I - 15. Calculate the average daily balance for...Ch. 13.I - Carolyn Salkind has a Bank of America revolving...Ch. 13.I - Prob. 17RECh. 13.I - The Jewelry Exchange has a $30,000 line of credit...Ch. 13.II - Bob Johnson found a car he wanted to buy at...Ch. 13.II - Prob. 5TIECh. 13.II - Prob. 6TIECh. 13.II - Prob. 7TIECh. 13.II - Prob. 8TIECh. 13.II - Prob. 9TIECh. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Prob. 3RECh. 13.II - Prob. 4RECh. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Prob. 6RECh. 13.II - Prob. 7RECh. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Prob. 9RECh. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the amount financed, the finance charge,...Ch. 13.II - Calculate the finance charge, the finance charge...Ch. 13.II - Prob. 16RECh. 13.II - Prob. 17RECh. 13.II - Calculate the finance charge, the finance charge...Ch. 13.II - Calculate the finance charge, the finance charge...Ch. 13.II - Calculate the finance charge, the finance charge...Ch. 13.II - Prob. 21RECh. 13.II - Prob. 22RECh. 13.II - Prob. 23RECh. 13.II - Calculate the finance charge and the annual...Ch. 13.II - Prob. 25RECh. 13.II - Prob. 26RECh. 13.II - Prob. 27RECh. 13.II - Calculate the finance charge and the monthly...Ch. 13.II - Calculate the finance charge and the monthly...Ch. 13.II - Calculate the finance charge and the monthly...Ch. 13.II - Prob. 31RECh. 13.II - Prob. 32RECh. 13.II - Calculate the missing information for the...Ch. 13.II - Calculate the missing information for the...Ch. 13.II - Prob. 35RECh. 13.II - Calculate the missing information for the...Ch. 13.II - Calculate the missing information for the...Ch. 13.II - Prob. 38RECh. 13.II - You are the loan department supervisor for the...Ch. 13.II - Prob. 40RECh. 13.II - You are the loan department supervisor for the...Ch. 13.II - You are the loan department supervisor for the...Ch. 13.II - You are the loan department supervisor for the...Ch. 13.II - Prob. 44RECh. 13.II - Prob. 45RECh. 13.II - 46. Meghan Pease purchased a small sailboat for...Ch. 13.II - Prob. 47RECh. 13.II - 48. Doug Black bought a jet ski with a 9% add-on...Ch. 13.II - Olivia Fast found a timeshare offer entitling her...Ch. 13.II - Tim Houston purchased a wall unit for $2,400. He...Ch. 13.II - First National Bank offers a 36-month installment...Ch. 13.II - At a recent boat show, Nautica Bank was offering...Ch. 13.II - Prob. 53RECh. 13.II - 54. a. What is the rebate fraction of a 36-month...Ch. 13.II - Charlie Allen financed a $3,500 Nautilus home gym...Ch. 13 - ____ credit is a loan arrangement in which there...Ch. 13 - The effective or true annual interest rate being...Ch. 13 - Loans that are backed by the borrowers promise to...Ch. 13 - 4. Loans made on a continuous basis and billed...Ch. 13 - 5. Name the two most common methods used to...Ch. 13 - Prob. 6CRCh. 13 - Prob. 7CRCh. 13 - Prob. 8CRCh. 13 - Prob. 9CRCh. 13 - Prob. 10CRCh. 13 - Prob. 11CRCh. 13 - Prob. 12CRCh. 13 - 13. The finance charge ________ is the unearned...Ch. 13 - Prob. 14CRCh. 13 - Prob. 1ATCh. 13 - Prob. 2ATCh. 13 - Prob. 3ATCh. 13 - 4. Calculate the average daily balance for January...Ch. 13 - Mel Arrandt has a Bank of America account with a...Ch. 13 - Alpine Construction, Inc. has a $100,000 line of...Ch. 13 - George Bell bought an ultralight airplane for...Ch. 13 - 8. David Sporn bought a saddle from Linville...Ch. 13 - 9. Buster Blaster Recording Studio purchased a new...Ch. 13 - Chris Manning purchased a $7,590 motorcycle with a...Ch. 13 - 11. SkyHigh Aircraft Sales uses the Executive...Ch. 13 - 12. After making 11 payments on a 36-month loan,...Ch. 13 - An Auntie Annes franchise financed a $68,000...Ch. 13 - 14. You are a salesperson for Mega Marine Boat...Ch. 13 - 15. Joe Keener found the accompanying ad for a...
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