Sarah is taking out a $24,400, 4-year new-car loan with an APR of 2.88%. What is the
Question:
Sarah is taking out a $24,400, 4-year new-car loan with an APR of 2.88%. What is the finance charge for this loan? Round to the nearest hundred dollars.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Anything above the principal on the loan is a finance c...View the full answer
Answered By
Dudhat Vaidehi
I tutored mostly elementary school students privately after school and during the summer. We met in their homes or at the public library. I charged an hourly fee, and I provided any necessary materials.
Having taught in special education in two local schools for many years meant that I had contact with a lot of parents of special needs students. I never had to advertise — word of mouth was how most folks knew of me. At one point I did have a website, but didn't utilize it much. I stayed very busy, especially in the summers, and always had a full schedule. I typically met with each student's teacher in order to get an idea of what the focus of my instruction/remediation should be. Becoming familiar with the student's learning style(s) was also very helpful. Often parents would share records and test results with me. After each tutoring session, I documented the student’s progress and gave parents written updates, as well as phone calls or emails as needed.
While my students and I certainly utilized technology and the internet often during our sessions, I never tutored online or for any tutoring company, so am not familiar with the curriculums or methods used in those settings.
Tutoring one on one was very enjoyable and rewarding. My students and I had fun, and grew quite fond of one another. The extra income was a bonus. I had to retire from tutoring due to a physically handicapping disease, and miss my students very much.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
Sarah is taking out a $24,400, four-year new-car loan with an APR of 6.88%. What is the finance charge for this loan? Round to the nearest hundred dollars.
-
Solomon is taking out a $15,320, 2-year loan with an APR of 3.29%. What will be the finance charge for this loan to the nearest dollar?
-
Juliana is taking out an $8,700, 3-year loan with an APR of 2.31%. What will be the monthly payment for this loan? Round to the nearest cent.
-
Predicting Genetic disorders in Children based on their Medical information and History Hereditary diseases is becoming more of a problem as human population grows exponentially. Genetic testing...
-
If the market is weak-form efficient, do arbitrage opportunities exist? Explain your answer. Do you think arbitrage opportunities exist? Explain your answer.
-
The shock-wave cone created by the space shuttle at one instant during its reentry into the atmosphere makes an angle of 58.0 with its direction of motion. The speed of sound at this altitude is 331...
-
The 2005 comparative balance sheet and income statement of Get Wired, Inc., follow on the next page. Get Wired, Inc., had no noncash investing and financing transactions during 2005. During the year,...
-
Data for Mortin Chip Company and its industry averages follow. a. Calculate the indicated ratios for Morton. b. Construct the extended Du Pont equation for both Morton and the industry. c. Outline...
-
Beaver Inc. issues a 5,000,000 5-year, 8% fixed-rate interest note payable on December 31, 2022. Beaver Inc. is worried that interest rates may decrease which would increase the value of its debt so...
-
1. The court determines that Kristi was fired based on Javiers status as an undocumented alien, not his Mexican nationality. Do you agree that termination based upon the citizenship status (alienage)...
-
Darnelle has a $10,000, 3-year loan with an APR of 5%. She uses the table on page 159 to compute information on the loan. a. What is her monthly payment? b. What is the total of all her monthly...
-
Zeke bought a $2,300 bobsled on an installment plan. He made a $450 down payment, and he has to make monthly payments of $93.50 for the next 2 years. How much total interest will he pay?
-
Dora Alexander, owner of Passions Linen Shop, was preparing checks for payment of the current month's purchase invoices when she realized that there were two invoices from Sensuous Linen Company,...
-
A large factory bought a new machine, and their semiannual payments are $6,000. They made a down payment of $10,000. If their credit union charges 6.23% per year compounded semiannually for 7 years,...
-
Susan buys a new cell phone priced at $715 and agrees to pay for it over 12 months with 11% simple interest. What is her monthly payment
-
Dave owns stock in Big Game Corp that cost $22,000. He sells the stock to his son, Gary for $15,000. Two years later Gary sells the stock for $24,000. What is Dave's realized and recognized gain or...
-
A one year call option with an exercise price of sh. 60 is available at a premium of Sh. 6. You can also buy a one- year put with an exercise price of Sh. 55 at a premium of Sh. 3. If you set up a...
-
The U.S risk-free rate is 1.5% compounded continuously. The $/UK pound spot rate is 1.50. The 6-month forward contract price is 1.51. Determine the UK pound continuous interest rate.
-
The Norman Automatic Mailer Machine Company is planning to expand production because of the increased volume of mailouts. The increased mailout capacity will cost $2,000,000. The expansion can be...
-
List four items of financial information you consider to be important to a manager of a business that has been operating for a year.
-
On the most recent exam in your biology class, every student earned an A. The professor claims that he must really be a good teacher for all of the students to have done so well. Given the confounds...
-
What are internal validity and external validity, and why are they so important to researchers?
-
A college student is interested in whether there is a difference between male and female students in the amount of time they spend studying each week. The student gathers information from a random...
-
Managers use CVP concepts to perform sensitivity analysis. Sensitivity analysis is a "what-if" technique that asks what will happen to a company's breakeven or target profit if sales price, costs, or...
-
John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests in the hospital s lab. Charges for lab tests are consistently higher at Valley View than at other...
-
A company is looking at new equipment with an installed cost of $436,859. This cost will be depreciated straight-line to zero over the project's 6-year life, at the end of which the equipment can be...
Study smarter with the SolutionInn App