Hilda buys a pool costing her $15,750. Pools for Peeps charges 5% add-on interest. If she...

 

  

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Hilda buys a pool costing her $15,750. Pools for Peeps charges 5% add-on interest. If she pays $2,750 down and agreed to monthly payments over four years, then calculate each of the following. (a) The amount financed (b) The finance charge (c) The total installment price (d) The monthly payment (e) Find Hilda's total cost, for the pool plus interest. (0 Find the corresponding APR value (to the nearest half-percent). (APR table below.) Annusi Percentage Rate (APR) for Monthly Payment Loans Number of Annual Percentage Rate (APR) monthly loans (n) 6.0% 6.5% 7.0% 7.5% 8.O% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 12.5% 13.0% (Finance charge per $100 of amount financed) (h) 1.76 1.90 2.05 2.20 2 35 2.49 2.64 2. 79 2.94 3.08 3.23 3.38 3.53 168 3.83 12 3.28 3.56 3.83 411 4 39 4.66 4.94 5.22 5.50 5.78 6.06 6.34 6.62 6.90 7.18 18 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8. 10 8.52 8.93 935 9.77 10.19 10.61 24 6.37 6.91 745 8.00 8.54 9.09 9.64 10.19 10.75 11.30 11.86 12.42 12.98 13.54 14.10 30 7.94 8.61 9 30 9.98 10.66 11.35 12.04 12.74 13.43 14.13 14.83 15.54 16.24 16.95 17.66 36 9.52 10.34 11.16 11 98 12.81 13.64 14.48 15.32 16.16 17.01 17.86 18.71 19.57 20.43 21.30 48 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 2290 24.06 25.23 26.40 27.58 28.77 60 16.00 17.40 18.81 20.23 21.66 23.10 24 55 26.01 27.48 96 87 30.45 9616 33.47 34.99 36.52 Hilda buys a pool costing her $15,750. Pools for Peeps charges 5% add-on interest. If she pays $2,750 down and agreed to monthly payments over four years, then calculate each of the following. (a) The amount financed (b) The finance charge (c) The total installment price (d) The monthly payment (e) Find Hilda's total cost, for the pool plus interest. (0 Find the corresponding APR value (to the nearest half-percent). (APR table below.) Annusi Percentage Rate (APR) for Monthly Payment Loans Number of Annual Percentage Rate (APR) monthly loans (n) 6.0% 6.5% 7.0% 7.5% 8.O% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 12.5% 13.0% (Finance charge per $100 of amount financed) (h) 1.76 1.90 2.05 2.20 2 35 2.49 2.64 2. 79 2.94 3.08 3.23 3.38 3.53 168 3.83 12 3.28 3.56 3.83 411 4 39 4.66 4.94 5.22 5.50 5.78 6.06 6.34 6.62 6.90 7.18 18 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8. 10 8.52 8.93 935 9.77 10.19 10.61 24 6.37 6.91 745 8.00 8.54 9.09 9.64 10.19 10.75 11.30 11.86 12.42 12.98 13.54 14.10 30 7.94 8.61 9 30 9.98 10.66 11.35 12.04 12.74 13.43 14.13 14.83 15.54 16.24 16.95 17.66 36 9.52 10.34 11.16 11 98 12.81 13.64 14.48 15.32 16.16 17.01 17.86 18.71 19.57 20.43 21.30 48 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 21.74 2290 24.06 25.23 26.40 27.58 28.77 60 16.00 17.40 18.81 20.23 21.66 23.10 24 55 26.01 27.48 96 87 30.45 9616 33.47 34.99 36.52

Answer rating: 100% (QA)

a Amount financed cost down payment 15750 2750 13000 b Finance charge Amount fina... View the full answer