Posted by **Kendra** on Tuesday, January 26, 2010 at 5:56pm.

Sam received a $290 discount loan to purchase a stereo. The loan was offered at 16% for 90 days. Find the interest in dollars and the proceeds for the following problem.

The interest is $12.60, $11.60, or $10.60 ?

The proceeds are $279.40, $278.40, or $277.40 ?

Curtis purchased a mountain kike for $650.00 with 75% down. He will make 12 payments of $24.38 each. What is the total amount paid (including down payment) and finance charge in dollars?

The total paid (including down payment) is $781.06, $751.62 or $749.62

The finance charge in dollars is $131.06, $121.62, or $111.62

Thanks much

- math -
**math**, Thursday, April 30, 2015 at 11:04am
dick

## Answer this Question

## Related Questions

- hinkley - Sam Sounds received a $290 discount loan to purchase a stereo. The ...
- Math - Sam Sounds received a $320 discount loan to purchase a stereo. The loan ...
- Math - Chris Shopper received a $800 discount loan to purchase a washer and ...
- math - Chris Shopper received a $800 discount loan to purchase a washer and ...
- VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...
- Math Help!!!!! - 4) Jim has been offered a substantial cash discount if he pays ...
- algebra - The following note was discounted at 16%. Find (a) the discount period...
- VBA programming - How to get isnumeric function to display an "error" message ...
- math - the total amount of interest on this loan of $6000 for 150 days is $210....
- math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...

More Related Questions