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May 22, 2015

Homework Help: MATH

Posted by Roxana on Thursday, August 25, 2011 at 6:26pm.

In order to make some home improvements, a home owner spent $24,000. He paid 18% as a down payment and financed the balance of the purchase with a 36-month fixed installment loan with an APR of 4.5%. Determine the home owner's total finance charge and monthly payment

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