Chat with AI
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 8
Buster Blaster Recording Studio purchased a new digital recording console for $28,600. A down payment of $5,000 was made and the balance financed with monthly payments of $653.92 for 48 months.
a. What is the finance charge on the loan
b. Use Table 13-1 to find what annual percentage rate was charged on the equipment loan. (Use the closest value found in Table 13-1 to find your result.)
a. What is the finance charge on the loan
b. Use Table 13-1 to find what annual percentage rate was charged on the equipment loan. (Use the closest value found in Table 13-1 to find your result.)
Explanation
Verified
Verified
Here,
In order to buy a new digital reco...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
