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Finance Charges When a loan is paid off early, a portion of the finance charge must be returned to the borrower. By one method of calculating the finance charge (called the rule of 78), the amount of unearned interest (finance charge to be returned) is given by
where u represents unearned interest, f is the original finance charge, n is the number of payments remaining when the loan is paid off, and q is the original number of payments. Find the amount of the unearned interest in each of the given cases.
Original finance charge = $1400, loan scheduled to run 48 months, paid off with 12 payments remaining
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Chapter 1 Solutions
EBK MATHEMATICS WITH APPLICATIONS IN TH
- 08:34 ◄ Classroom 07:59 Probs. 5-32/33 D ا. 89 5-34. Determine the horizontal and vertical components of reaction at the pin A and the normal force at the smooth peg B on the member. A 0,4 m 0.4 m Prob. 5-34 F=600 N fr th ar 0. 163586 5-37. The wooden plank resting between the buildings deflects slightly when it supports the 50-kg boy. This deflection causes a triangular distribution of load at its ends. having maximum intensities of w, and wg. Determine w and wg. each measured in N/m. when the boy is standing 3 m from one end as shown. Neglect the mass of the plank. 0.45 m 3 marrow_forwardChapter 4 Quiz 2 As always, show your work. 1) FindΘgivencscΘ=1.045. 2) Find Θ given sec Θ = 4.213. 3) Find Θ given cot Θ = 0.579. Solve the following three right triangles. B 21.0 34.6° ca 52.5 4)c 26° 5) A b 6) B 84.0 a 42° barrow_forwardLet f be a function whose graph consists of 5 line segments and a semicircle as shown in the figure below. Let g(x) = √ƒƒ(t) dt . 0 3 2 -2 2 4 5 6 7 8 9 10 11 12 13 14 15 1. g(0) = 2. g(2) = 3. g(4) = 4. g(6) = 5. g'(3) = 6. g'(13)=arrow_forward
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- Q6*) Describe the plane paths of light in the two-dimensional media in which the light velocities are given respectively by (a) c = a/y, (b) c = a/√y, where a > 0, y > 0.arrow_forwardData Analysis DeltaMath Student Applical X Home $i$ Grades and Attendance x ent/3903821/26770486/bae6d3c1493d9868572f4878b5c163b6 y School St... Quizez And Tests Cancer reserch College Reserch Highschool Reserch Writing SCP Step Reason Statement ADBC 1 Given AD || BC 2 ACCA Reflexive Property try Type of Statement C B +> D A Feb 14arrow_forwardlim 1 x→0x3 3 So²² 6 tln(1+t) t4 +4 .dt 2arrow_forward
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