the amount financed the finance charge The deferred payment price.

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 27M
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  • Jill Walsh purchases a bedroom set for a cash price of $3,920. The down payment is

$392, and the monthly installment payment is $176 for 24 months. Find

  1. the amount financed
  2. the finance charge
  3. The deferred payment price.
  4. What will be the APR for this auto loan?
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