Jaime needs a new roof on her house. The cash cost is $7500. She decides to finance
Question:
Jaime needs a new roof on her house. The cash cost is $7500. She decides to finance the project by paying 20% down, with the balance paid in 36 monthly payments of $189.40.
(a) What finance charge will Jaime pay?
(b) What is the APR to the nearest half percent?
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a Down payment 0207500 1500 Jaime borrowed 7500 1500 6000 Total installment price 36 189...View the full answer
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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