Answer:5/6 = 10/12
1/3 = 2/6
2/3 = 4/6
Step-by-step explanation:
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%.
Answer:
7500
Step-by-step explanation:
no interest will have to be paid
So what you can do is set a proportion.
That is basically comparing 14 / 0.35 to ? / 1
With ? being the value.
The proportion would be:
Then cross multiply.
14 * 1 = 0.35 * ?
14 = 0.35 * ?
/0.35 /0.35
? = 40
So the value is 40.