math

A carpenter spent \$4500 to purchase a table saw , a circular saw, and a panel saw. He paid 5% down and financed the balance with a 30-month fixed installment loan with an APR of 5.0%. Determine the total finance charge and monthly payment for the loan.

1. 👍 0
2. 👎 0
3. 👁 342
1. All your questions deal with the use of our 4 basic compound interest formulas.
What exactly do you not understand about these questions ?
They all are very straight forward.

1. 👍 0
2. 👎 0
posted by Reiny
2. Thanks...I got it now:) It took me several hours and with a little help from my husband I understand it better.

1. 👍 0
2. 👎 0

Similar Questions

1. Math

An apprentice Carpenter has designed a wooden coffee table. he expects to sell 25 such tables for 95\$ each at an upcoming artisan market. by conducting a survey, he determines that for each \$2 reduction in the price of the table,

asked by lola on May 14, 2013
2. carpentry

Two carpenters are discussing the building codes that apply to staircases. Carpenter A says that most building codes require a minimum of 6′2″ of headroom for stairways. Carpenter B says that a flight of stairs that has a

asked by doug on December 15, 2018
3. economy

Question 10 (1.00 points) Reference: F11061 Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, a decrease in resource prices is depicted by: a.

asked by Anonymous on August 23, 2009
4. math

a carpenter needs 6 pieces of wood 3 1/2 feet long. the carpenter has two 10 foot boards. does the carpenter have enough wood? Explain

asked by Harris on December 2, 2016
5. geometry

A carpenter must ensure that a large window frame is a rectangle. If the corners are labled E,F,G, and H, the carpenter knows that EF=51 inches, FG=28 inches, GH=51 inches, and EH=28 inches. The carpenter could measure the

asked by alisa on November 15, 2011
1. math

a carpenter has several boards of equal length. he cuts 3/5 of each board . after cutting the boards the carpenter notices that he has enough pieces left over to make 4 of the original boards. how many boards did the carpenter

asked by Anonymous on January 27, 2015
2. Math

A Carpenter several boards of equaling he could 3/5 of each board after cutting the boards the Carpenter notices that he has enough pieces left over to make up the same length as four of the original boards how many boards did the

asked by Anonymous on October 30, 2019
3. math

Find the percent of the increase or decrease. Original:4500 New:4005 the percent is lower which is 40% Set it up in words: 4005 is what percent of 4500? Now make the words into numbers: 4005=4500x x=0.89 89% decrease. If you don't

asked by Anonymous on January 25, 2007
4. MATH

1. An expression that describes the price of each table, based on the number of reductions, is 95 –2x, where x represents the number of \$2 reductions in price. Write a similar expression to describe the number of tables the

asked by pewdiepie on December 31, 2018
5. math

The amount used to purchase one litre of petrol can be used to purchase three liters of diesel or five liters of kerosene. Out of a certain amount, \$510 is spent on diesel. How much is spent on kerosene if equal volumes of three

asked by ragavi on December 21, 2014

More Similar Questions