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October 26, 2014

Homework Help: math

Posted by Anonymous on Saturday, April 12, 2014 at 7:00pm.

Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest tenth? The down payment is? The amount financed is? The monthly payment will be? At the end of one year the monthly payments will total? The finance charge for one year amount financed is?

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