Joe Clemente bought a stereo costing $1900 with $300 down and 10% add-on interest to be paid in 18 equal monthly installments. Find the following. (Round your answers to the nearest cent.) (a) the finance charge $ (b) the monthly payment $
Joe Clemente bought a stereo costing $1900 with $300 down and 10% add-on interest to be paid in 18 equal monthly installments. Find the following. (Round your answers to the nearest cent.) (a) the finance charge $ (b) the monthly payment $
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Joe Clemente bought a stereo costing $1900 with $300 down and 10% add-on interest to be paid in 18 equal monthly installments. Find the following. (Round your answers to the nearest cent.)
(a) the finance charge
$
(b) the monthly payment
$
(c) the interest refund if he pays off the loan after 10 months
$
(d) the amount needed to pay off the loan
$
(b) the monthly payment
$
(c) the interest refund if he pays off the loan after 10 months
$
(d) the amount needed to pay off the loan
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