Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1.) Purchase price of a used car $ Down payment 4,095 $ 95 Number of monthly payments 60 Amount financed Total of monthly payments $ 5,844 Total finance charge APR
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- Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $7,900 36 10% $ $ $ https://www.webassign.net/brecmbc9/13-table-1.pdfCalculate 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(Cash)Price DownPayment AmountFinanced Add-onInterest Number ofPayments FinanceCharge MonthlyPayment $711 10% $ 6% 12 $ $ANNUAL PERCENTAGE RATE NUMBER OF PAYM ENTS 2.008 2.25% 2.50% 2.75 3.00 3.25% 3.50t 3.75% 4.00t 4.257 4.50% 4.757 5.00t 5.25% 5.50% 5.15T (FINANCE CHARGE PER s100 OF AMNUNT FINANCEDI 0.27 0.41 0.54 0.68 0.31 0.47 0.63 0.78 0.94 0.33 0.50 0.67 0.A3 1.00 .4A 0.77 n.96 1.20 1.44 0.44 0.17 0.25 0.33 0.42 0.50 0.19 0.28 0.38 0.47 0.2 0.31 0.42 0.52 0.63 0.23 0.34 0.46 0.57 0.69 0.25 0.39 0.50 0.63 0.75 0.59 0.79 0.99 1.19 0.56 0.75 0.49 0.92 0.63 0.81 1.04 1.25 0. AA 01 1 1.32 0.71 0.5A 0.73 0.88 1.07 1.13 1.34 0.56 54 0.A8 1.00 ED 1 1.13 1.46 1.67 1.88 2.09 2.31 0.95 0.80 0.92 0.58 0.67 0.75 0.84 0.92 0. 66 0. 75 0.85 0.94 1.03 0.73 0.84 0.94 1.04 1.15 1.76 1. 1.2 1. 1.50 1.40 1.18 1.96 1.69 1.48 2.07 1.79 1.99 2.19 1.98 2.20 7.42 2.07 2.31 2.54 1. 1.25 1.38 1.26 1.51 1. 10 2.52 2.73 2.94 3.15 3.37 2.4 2.87 3.09 2.77 1.00 1.74 3.47 3.71 2.90 2.39 2.50 7.77 2.14 2.26 2.01 2.1 2.35 2.52 2.69 1.88 1.76 1.91 2.05 2.20 2.35 1.00 1.14 1.50 1.77 2.04 2.12 1.39 2.50 2.6A 2.96 60 1 1.17 1.25 1.34…
- Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) Monthly Payment Amount Number of Table Finance APR Financed Payments Factor Charge $800 18 16% $ 15.91 $ 50.29 $ 105.22Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1.) Purchase price of a used car Down payment Number of monthly payments Amount financed Total of monthly payments Total finance charge APR $4,455 $90 60 $6,204 TABLE 14.1 ANNUAL PERCENTAGE RATE NUMBER OF PAYMENTS 10.00% 10.251% 10.50% 10.75% 11.00% 11.25% 11.50% 11.75% 12.00% 12.25% 12.50% 12.75% 13.00% 13.25% 13.50 13.75% (FINANCE CHARGE PER $100 OF AMOUNT FINANCED) 1 0.83 0.85 0.87 0.90 0.92 0.94 0.96 0.98 1.00 1.02 1.04 1.06 1.08 1.10 1.12 1.15 2 1.25 1.28 1.31 1.35 1.38 1.41 1.44 1.47 1.50 1.53 1.57 1.60 1.63 1.66 1.69 1.72 3 1.67 1.71 1.76 1.80 1.84 1.88 1.92 1.96 2.01 2.05 2.09 2.13 2.17 2.22 2.26 2.30 4 2.09 2.14 2.20 2.25 2.30 2.35 2.41 2.46 2.51 2.57 2.62 2.67 2.72 2.78 2.83 2.88 5 2.51 2.58 2.64 2.70 2.77 2.83 2.89 2.96 3.02 3.08 3.15 3.21 3.27 3.34 3.40 3.46 6 2.94 3.01 3.08 3.16 3.23 3.31 3.39 3.45 3.53 3.60 3.68…Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) Amount Financed Number of Table Finance Monthly Payment APR Payments Factor Charge $9,300 36 13% $ 21.30 $4 11280,74
- The following loan was paid in full before its due date a) Find the value of h using an appropriate formula b) Use the actuarial method to find the amount of unearned interest c) Find the payoff amount Regular Monthly Payment # of Payments Remaining after Payoff APR 7.2% $247 8 What is the finance charge per $100 financed? h=$ (Round to the nearest cent)Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers t Amount Number of Financed Payments APR Table Factor Finance Charge Monthly Payment $500 18 17% $ X Need Help? Reed 11 $ $Find the following. (Round your answers to the nearest cent.) FinanceCharge Number ofPayments Frequency Amount Number ofPayments Left $9.10 12 Monthly $15 5 (b) the amount needed to pay off the loan
- 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 $3,200 20% $ $237.00 12 $ $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 18Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.)