financial mathematics
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Liz finances a piano for $3,080 by taking out an installment loan for 60 months. The payments were $82.13 per month and the total finance charge was $1,847.80. After 24 months, Liz decided to pay off the loan. After calculating
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Christina finances a piano for $3,070 by taking out an installment loan for 24 months. The payments were $153.50 per month and the total finance charge was $614. After 14 months, Christina decided to pay off the loan. After
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Terry has an 18month installment loan for $1,700 at 12% annual interest. Interest is compunded using the Rule of 78. Terry decides to pay back the loan at the end of the first month. 1. What is the total finance charge on the
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Accounts receivable in the amount of 250,000 were assigned to the fast Finance Company by Nance INC as security for a loan of 200,000. The finance company charged a 4% commision on the face amount of the loan, and the note bears
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Alice Dubois was charged $455 in finance charges on a loan for 15 months. Find the finance charge refund if she pays off the loan in full after 10 payments.
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Alice Dubois was charged $455 in finance charges on a loan for 15 months. Find the finance charge refund if she pays off the loan in full after 10 payments.
asked by Michael on February 28, 2016 
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A bank offers a 24month installment loan with an APR of 10%. Alicia wishes to use the loan to finance a sailplane for $42,800. After first using Table 131 to find the finance charge, calculate the monthly payment.
asked by Ricky on May 15, 2018 
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Mr. and Mrs Smith have decided to buy new furniture. They have 2 options. The first is to pay cash of $4,200.00, the second is to finance with a 2 year installment loan. They would have to put down 12% with 24 equal payments of
asked by Mare on November 23, 2010 
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I have to figure the finance charge per $ 100.00 for a loan of $4500.00 with a finance charge of $1080.00 I don't know what formula to use
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Find the finance charge per $100 on a loan of $12,600 with a finance charge of $1,638.
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please help me I am not really sure about this please check answer thanks :) Mary has decided to purchase furniture. She has 2 choices she can pay the full amount of $4,200.The other choice is to finance the furniture for two
asked by Anonymous on November 19, 2007