Practical Business Math Procedures
Practical Business Math Procedures
12th Edition
ISBN: 9781259540554
Author: Jeffrey Slater, Sharon Wittry
Publisher: McGraw-Hill Education
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Chapter 14, Problem 3PT

(a)

To determine

The Total finance charges. If the cash price is $22,500, Down Payment is $1,000, for 60 months and the monthly payment is $399.99.

(b)

To determine

The APR, if the cash price is $22,500, Down Payment is $1,000, for 60 months and the monthly payment is $399.99.

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Practical Business Math Procedures

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