Thursday
December 18, 2014

Homework Help: Business Math

Posted by Riquetta Elliott on Wednesday, June 13, 2012 at 10:56pm.

Joanne Flynn bought a new boat for $16,200. She put a $2,800 down payment on it. The bank’s loan was for 50 months. Finance charges totaled $5,380.00. Assume Joanne decided to pay off the loan at the end of the 22th month. (Rule of 78)

What rebate would she be entitled to and what would be the actual payoff amount? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Business Math - Joanne Flynn bought a new boat for $16,200. She put a $2,800 ...
Business Math - Joanne Flynn bought a new boat for $16,200. She put a $2,800 ...
Business Math - Joanne Flynn bought a new boat for $16,200. She put a $2,800 ...
math - 12.value: 10.00 points Joanne Flynn bought a new boat for $15,400. She ...
Business Math - Jeanna wants to buy a new boat for her family. She has two ...
math - Jeanna wants to buy a new boat for her family. She has two payment ...
Math - A family purchased a new ski boat for $20,000. The loan agency required a...
Business Math - Andres Michael bought a new boat. He took out a loan for $23,980...
business math - Andres Michael bought a new boat. He took out a loan for $23,980...
Business Finance - Assume a bank loan requires a interest payment of $85 per ...

Search
Members