Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Amount Number of Monthly Finance APR Financed Payments Payment Charge $18,400 72 $427.08 $ 12349.76 X %
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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…
A: Finance Charges =Total Payments - Amount financed
Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…
A: Amount Financed = $18400 Monthly payment = $424.08
Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…
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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…
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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…
A: Loan amount (L) = $13000 Number of payments (n) = 36 Monthly payment (M) = $454 Let r = Monthly rate
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A: Calculate APR as follows: APR = Monthly rate×12=114%×12=1.25%×12=0.15=15% Calculate finance charge…
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Q: Compute the interest accrued on each of the following notes payable owed by Northland, Ic., on…
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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…
A: AMOUNT FINANCED = $17.910 NO OF PAYMENT = 48 MONTHLY PAYMENT = $550.47 TOTAL PAYMENT = $550.47 x 48…
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Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…
A: given data amount financed = $18400 time period = 72 payments monthly payment = 426.08
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A: amount financed = $50,000 no of payment = 60 monthly payment = $1,176.33 total payment = 60 x…
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Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…
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Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…
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Q: alculate the finance charge (in $) and the annual percentage rate for the installment loan by using…
A: Therefore, the finance charge is $12,334.
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Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…
A: Amount Financed = $ 18,400 Number of Payments (n) = 72 Monthly Installment = $ 426.08 Interest Rate…
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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…
A: Solution : Formulae Formulae as above...
Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…
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A: Formula: Annual Percentage rate = Monthly periodic rate x 12 Months
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- 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 $ $ %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 $17,950 48 $523.47 $ $ %Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Number of Monthly Payment Amount Finance APR Financed Payments Charge $18,400 72 $426.08 $ 12277.76 18.6 X %
- Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Monthly Payment Amount Number of Finance APR Financed Payments Charge $18,400 72 $426.08 2$ 12277.76 11.12 X %Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Amount Number of Monthly Payment Finance APR Financed Payments Charge $18,400 72 $426.08 2$ 12277.76 20.3 X %Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Amount Number of Monthly Financed Payments Payment Finance Charge $100,000 72 $2,035.50 $ APR %
- Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Monthly Payment Number of Finance Amount Financed APR Payments Charge $18,100 72 $426.08 $ 12577.76 %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.) Amount Number of Financed Payments $17,950 48 Monthly Payment $532.47 Finance Charge $7176.56 X Finance Charge per $100 $39.98 X 17.59 APR X %Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Purchase(Cash)Price DownPayment AmountFinanced MonthlyPayment Number ofPayments FinanceCharge TotalDeferredPaymentPrice $2,800 0 185.69 18
- Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Amount Number of Payments Monthly Payment Finance APR Financed Charge S100,000 72 $2,045.50Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Amount Number of Financed Payments $18,500 72 Monthly Payment $424.08 $ tA Finance Charge APR %Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and percentages to one decimal place.) Amount Number of Monthly Payment Finance APR Financed Payments Charge $18,400 72 $426.08 %