the Davis family pays 200,000$ for a new house. they make a down payment that is 1/10 of the price of the house.How much is the
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A) The amount financed is the purchase amount less the down payment.
$2,574.54 -574.54 = $2000.00
B) The finance charge is the total of payments less the amount financed.
18*$121.00 -2000.00 = $178.00
C) The APR is calculated by a financial calculator to be 10.96%.
$2,574.54 -574.54 = $2000.00
B) The finance charge is the total of payments less the amount financed.
18*$121.00 -2000.00 = $178.00
C) The APR is calculated by a financial calculator to be 10.96%.
Answer:
Step-by-step explanation:
we know that
If two figures are similar, then the ratio of its corresponding sides is proportional
so
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