Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN: 9780134463216
Author: Robert F. Blitzer
Publisher: PEARSON
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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
Add-on
Number of
Monthly
Payment
Down
Amount
Finance
(Cash)
Price
Payment
Financed
Interest
Payments
Charge
$50,100
25%
$ 37,575
13.2%
60
2$
24799.5
$ 1039.57
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Transcribed Image Text: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 Add-on Number of Monthly Payment Down Amount Finance (Cash) Price Payment Financed Interest Payments Charge $50,100 25% $ 37,575 13.2% 60 2$ 24799.5 $ 1039.57
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