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aleksandr82 [10.1K]
3 years ago
8

Which of the following can increase your credit card’s APR?

Business
2 answers:
aksik [14]3 years ago
7 0
I think it is ccccccccccccccccccccccccccccccccccccccc
Vilka [71]3 years ago
6 0
Probably C or B, I'm Leaning towards B tho
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After visiting several automobile dealerships, Richard selects the car he wants. He likes its $10,500 price, but financing throu
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Answer:

a) Total Interest Paid in 24 months is $1680

b) Total Cost of the car is $12180

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d) Annual Percentage Rate  is 10.47%

Explanation:

(a) Loan Amount = $8400

Interest Rate = 10%

Monthly Interest = 8400 x (10%/12)

                            = $70

Total Interest Paid in 24 months = 24 x 70

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(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment

                                       = 8400 + 1680 + 2100

                                        = $12180

(c) Monthly Principal Payment = 8400/24

                                                  = $350

Monthly Payment = Monthly Interest Payment + Monthly Principal Payment

                              = 70 + 35

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(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1

                                              = 0.1047

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True or False? It is not necessary to document patient medications prescribed by other physicians.
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