Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Monthly Payment Down Amount Add-on Number of Finance (Cash) Payment Financed Interest Payments Charge Price 12% $2,000 15% $ 1700 30 %24 %24

Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Monthly Payment Down Amount Add-on Number of Finance (Cash) Payment Financed Interest Payments Charge Price 12% $2,000 15% $ 1700 30 %24 %24

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter7: Using Consumer Loans

Section: Chapter Questions

Problem 5FPE

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