Question: From this partial advertisement: $84.38 per month for 60 months $3,800 used car cash price $50 down payment a. Calculate the amount financed. Amount financed:
From this partial advertisement:
$84.38 per month for 60 months
$3,800 used car cash price
$50 down payment
a. Calculate the amount financed.
Amount financed: $
b. Calculate the finance charge. (Round your answer to the nearest cent.)
Finance charge: $
c. Calculate the deferred payment price. (Round your answer to the nearest cent.)
Deferred payment price: $
d. Calculate the APR by (Use Table 14.1 and Table 14.1(b)). (Round your answers to 2 decimal places.)
APR: between % and %
e. Check monthly payment (by formula). (Round your answer to the nearest cent.)
Monthly payment : $
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