Sunshine purchased a sports car costing 31,200. She made a down payment of 4,700 and financed the ...

Sunshine purchased a sports car costing 31,200. She made a down payment of 4,700 and financed the balance with an installment loan for 48 months. If the payments are 688.12 each month, use Table 13-1 from your text to find the APR.
A) 10.75
B) 9.85
C) 12.15
D) 11.25

Q. 2

Underline the key word(s) and translate into an equation: a number increased by 12 is 804

Q. 3

You take out an installment loan to purchase a sailplane costing 34,100. You make a down payment of 8,600 and finance the balance by making monthly payments of 1,176.72 for 24 months. Use the APR formula to find the APR.
A) 12.52
B) 8.65
C) 9.99
D) 4.15

Q. 4

Underline the key word(s) and translate into an expression: the difference of 4G and 12

Q. 5

You take out an installment loan to purchase a time-share costing 18,000. You make a down payment of 2,700 and finance the balance by making monthly payments of 762 for 24 months. Use Table 13-1 from your text to find the APR.
A) 17.50
B) 17.75
C) 18.00
D) 18.25

Q. 6

Underline the key word(s) and translate into an expression: R times S times 192

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Sunshine purchased a sports car costing 31,200. She made a down payment of 4,700 and financed the ...

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