Mia bought a high definition television for $7, 500. based on her income she could afford to pay back only $600 per month. There is a 1.5% monthly interest charge on the unpaid balance. The U.S Rule is used to in the calculation. At the end of the month 1, the balance outstanding is

Mia bought a high definition television for $7, 500. based on her income she could afford to pay back only $600 per month. There is a 1.5% monthly interest charge on the unpaid balance. The U.S Rule is used to in the calculation. At the end of the month 1, the balance outstanding is

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 47P

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Eddie bought a used Ford Explorer for $22,000. She put down $7,000 and paid $290 for 60 months. The total finance charge to Eddie is:

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