1. [0/1 Points] DETAILS MY NOTES SMITHPOW10 7.3.002. PREVIOUS ANSWERS PRACTICE ANOTHER Karen and Wayne need...

Transcribed Image Text:

1. [0/1 Points] DETAILS MY NOTES SMITHPOW10 7.3.002. PREVIOUS ANSWERS PRACTICE ANOTHER Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 13% (add-on rate). If the refrigerator at Sears costs $1,568 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 3 years, what is the monthly payment? (Round your answer to the nearest cent.) $ 59.68 Need Help? Submit Answer Read It 2. [-/4 Points] DETAILS MY NOTES SMITHPOW10 7.3.002.EP. PRACTICE ANOTHER Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 13% (add-on rate). The refrigerator at Sears costs $1,588 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 3 years. (Round all answers to the nearest cent.) Find the total cost of the refrigerator, including sales tax. $ Find the interest owed on this 3-year installment loan. $ Find the total loan amount. $ What is the monthly payment? $ Need Help? Read It 4. [-/2 Points] DETAILS MY NOTES SMITHPOW10 7.3.021. Find the amount of interest and the monthly payment for the loan described. Purchase of a living room set for $4,050 at 12% add-on interest for 3 years interest monthly payment $ $ Need Help? Submit Answer Read It Watch It 5. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.3.040. Find the APR (rounded to the nearest percent) for the loan listed. Purchase of a car for $21,300 at 2.3% add-on rate for 5 years % Need Help? Read It Submit Answer 6. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.3.045. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $272.50. What is the simple interest rate? % Need Help? Read It Submit Answer 7. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.3.049. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $287.50. What is the APR? (Round your answer to the nearest tenth of a percent.) % Need Help? Read It Submit Answer 1. [0/1 Points] DETAILS MY NOTES SMITHPOW10 7.3.002. PREVIOUS ANSWERS PRACTICE ANOTHER Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 13% (add-on rate). If the refrigerator at Sears costs $1,568 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 3 years, what is the monthly payment? (Round your answer to the nearest cent.) $ 59.68 Need Help? Submit Answer Read It 2. [-/4 Points] DETAILS MY NOTES SMITHPOW10 7.3.002.EP. PRACTICE ANOTHER Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 13% (add-on rate). The refrigerator at Sears costs $1,588 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 3 years. (Round all answers to the nearest cent.) Find the total cost of the refrigerator, including sales tax. $ Find the interest owed on this 3-year installment loan. $ Find the total loan amount. $ What is the monthly payment? $ Need Help? Read It 4. [-/2 Points] DETAILS MY NOTES SMITHPOW10 7.3.021. Find the amount of interest and the monthly payment for the loan described. Purchase of a living room set for $4,050 at 12% add-on interest for 3 years interest monthly payment $ $ Need Help? Submit Answer Read It Watch It 5. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.3.040. Find the APR (rounded to the nearest percent) for the loan listed. Purchase of a car for $21,300 at 2.3% add-on rate for 5 years % Need Help? Read It Submit Answer 6. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.3.045. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $272.50. What is the simple interest rate? % Need Help? Read It Submit Answer 7. [-/1 Points] DETAILS MY NOTES SMITHPOW10 7.3.049. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $287.50. What is the APR? (Round your answer to the nearest tenth of a percent.) % Need Help? Read It Submit Answer