Bob Barker bought a Harley-Davidson motorcycle which was priced at $29,999. He made a down payment of

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Bob Barker bought a Harley-Davidson motorcycle which was priced at $29,999. He made a down payment of 10% and financed the remaining balance for 48 months at 7.5%.

1) What was the down payment?

2) What is the amount financed?

3) What is the monthly payment?

4) What is the total finance charge?

Related Book For answer-question

Business Law Text and Cases

ISBN: 978-1111929954

12th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross

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Posted Date: Mar 31, 2023 05:54 AM

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Bob Barker bought a Harley-Davidson motorcycle which was priced at $29,999. He made a down payment of

Question:

Expert Answer:

ANSWER IS 1 The down payment is 10 of the motorcycles price which is 10 x 29999 299990 Ther... View the full answer

Business Law Text and Cases

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