Amount financed $8300 number of payments 36 apr 11% what's the finance charge and monthly payment amount
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Amount financed $8300 number of payments 36 apr 11% what's the finance charge and monthly payment amount
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- Amount financed 18200 number of payments 72 monthly payment 425.08 finace charge 12405.76 whats the apr%Amount financed 18200 number of payments 72 monthly payment 425.08 finance charge 12405.76 whats the apr%The loan below was paid in full before its due date. (a) Obtain the value of h from the annual percentage rate table. Then (b) use the actuarial method to find the amount of unearned interest, and (c) find the payoff amount. Regular Monthly Payment $401.24 APR 4.5% Remaining Number of Scheduled Payments after Payoff 12 Click the icon to view the annual percentage rate table. (a) h = $ (b) The unearned interest is $ (Round to the nearest cent as needed.) (c) The payoff amount is $. (Round to the nearest cent as needed.)
- Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) AmountFinanced Number ofPayments MonthlyPayment FinanceCharge Finance Chargeper $100 APR $14,000 36 $503.00 $ $ %Number of payments 6 12 18 24 30 36 48 60 4.0% 4.5% Annual Percentage Rate Table for Monthly Payment Plans Annual Percentage Rate 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% (Finance charge per $100 of amount financed) 1.17 1.32 1.46 2.18 2.45 2.73 4.94 5.22 3.20 3.60 7.28 7.69 4.22 4.75 5.29 9.64 10.19 10.75 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 3.00 3.28 3.56 3.83 4.11 4.39 4.66 4.82 5.22 5.63 6.04 6.45 6.86 5.83 6.37 6.91 7.45 8.00 8.54 9.09 7.26 7.94 8.61 9.30 9.98 10.66 11.35 8.71 9.52 10.34 11.16 11.98 12.81 13.64 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 5.25 5.92 6.59 12.04 12.74 13.43 6.29 7.09 7.90 14.48 15.32 16.16 8.38 9.46 10.54 11.63 21.74 10.50 11.86 13.23 14.61 4.00 4.41 2.93 5.50 8.10AmountFinanced Number ofPayments MonthlyPayment FinanceCharge APR $18,300 72 $426.08 $ %
- Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table. (Round dollar amounts to the nearest cent.) AmountFinanced Number ofPayments MonthlyPayment FinanceCharge Finance Chargeper $100 APR $17,950 48 $551.47 $ $ %AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $600 18 17% $ $ $Determine the monthly payment for the installment loan. Use the installment payment formula m = 1- Amount Financed (P) $1,440 O A. $179.15 B. $35.15 O C. $125.26 O D. $366.02 P n 1+) - not Annual Percentage Rate (r) 8% Number of Payments per Year (n) 12 Time in Years (t) 4
- Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) Finance Charge per $100 Number of Monthly Payment Amount Finance APR Financed Payments Charge $14,000 $489.00 $ 36 %Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) Number of Monthly Payment Finance Charge per $100 Amount Finance APR Financed Payments Charge $13,000 $ 3,344 X % 36 $454.00Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) Amount Number of Monthly Financed Payments Payment $14,000 36 Need Help? Read It $503.00 $ Finance Charge Finance Charge per $100 APR %