Charles buys a used car by paying GH1500 down and GH182.50 a month for 3 years. a.

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Charles buys a used car by paying GH¢1500 down and GH¢182.50 a month for 3 years.

a. What was the cash price of the car, if the interest rate on the loan is j12 = 18%?

b. What was the total interest on the loan?

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: Jun 22, 2023 06:29 AM

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Charles buys a used car by paying GH1500 down and GH182.50 a month for 3 years. a.

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Given Payment GH18250 per month Interest rate per period j12 18 12 15 per month Number of periods n ... View the full answer

Contemporary Business Mathematics with Canadian Applications

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