I need help with my business math quiz

Nov 4th, 2015
Sigchi4life
Category:
Business & Finance
Price: $10 USD

Question description

1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

Find the installment price of a table bought on the installment plan with a down payment of $30 and 6 payments of $51.12.

 

2. Find the monthly interest rate.

What is the monthly interest rate if an annual rate is 17.5%?

Solve the problem.

3. Find the amount financed on a TV with a cash price $430.00 and a down payment of $86.00.

Solve the problem.

4. Find the amount financed if a $25 down payment is made on a camera with a cash price of $260

Solve the problem.

5. Find the installment price of a laptop computer bought on the installment plan with $90 down and 36 payments of $33.05.

Solve the problem.

6. A mountain bike has a cash price of $690.00. Eric purchases the bike by making a down payment of $69.00 and 24 payments of $38.74. Find the finance charge.

Solve the problem.

7. The installment price of a watch is $310.74 with 6 monthly payments and a down payment of $30. Find the monthly payment.

Solve the problem.

8. The installment price of a food processor is $379.48 with 18 monthly payments and a down payment of $40. Find the monthly payment.


Tutor Answer

(Top Tutor) Daniel C.
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School: Boston College
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