A finance company offers a 24-month installment loan with an APR of 13.5. Robert wishes to use the ...

A finance company offers a 24-month installment loan with an APR of 13.5. Robert wishes to use the loan to finance a delivery truck for 31,200. After using Table 13-1 from your text to find the finance charge, calculate the monthly payment.
 A) 612.11
  B) 1,475.50
  C) 1,490.58
  D) 1,651.00

Q. 2

Underline the key word(s) and translate into an equation: the cost of A at 12.50 each is 225.00

Q. 3

A bank offers a 24-month installment loan with an APR of 10.5. Martha wishes to use the loan to finance a sofa for 1,000. After using Table 13-1 from your text to find the finance charge, calculate the monthly payment.
 A) 46.38
  B) 41.67
  C) 52.97
  D) 46.04

Q. 4

Underline the key word(s) and translate into an equation: 12 less than 6B leaves 36

Q. 5

You wish to finance the purchase of a boat home for 38,600. A finance company offers an APR of 10 on a 24-month installment loan. After using Table 13-1 from your text to find the finance charge, calculate the monthly payment.
 A) 1,781.23
  B) 1,619.08
  C) 1,769.17
  D) 1,608.33

Q. 6

Underline the key word(s) and translate into an equation: a number totals 8 times the sum of R and S