Jim Scott purchased a jet ski for $4000   , paying $250   down. The balance was financed for 23   equal monthly payments, and Jim agreed to pay a $488   finance charge. Using the annual percentage rate (APR) table , calculate the following. (Round all answers to the nearest hundredth.) 1. Amount financed:   2. Annual percentage rate (APR):

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 47CR
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Jim Scott purchased a jet ski for $4000
 
, paying $250
 
down. The balance was financed for 23
 
equal monthly payments, and Jim agreed to pay a $488
 
finance charge. Using the
annual percentage rate (APR) table
, calculate the following. (Round all answers to the nearest hundredth.)
1. Amount financed:
 
2. Annual percentage rate (APR):
 

 

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