Register
Brian rehr obtains an installment loan of 1250 to buy canoe requires 24 monthly payments and has an apr of 10% What is the monthly payment and finance charge
107k views
3 votes
Brian rehr obtains an installment loan of 1250 to buy canoe requires 24 monthly payments and has an apr of 10%

What is the monthly payment and finance charge

User Joselin
by
7.8k points

1 Answer

5 votes

Answer:

I believe it is 122.6

Explanation:

1,250 - 24 = 1,226

10%of 1,226 = 122.6

User Andnik
by
8.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.2m questions

11.8m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!