At December 31, Gill Co. reported accounts receivable of $263,000 and an allowance for uncollectible accounts of $1,000 (credit)
1 answer:
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Answer:
so correct option is B) $527
Explanation:
given data
cost = $28,000
offer APR = 4.9 % = = 0.0041
time = 60 months
finance the entire = $28,000
solution
we will apply here formula for calculate monthly payment that is
= ...........1
here r is rate that is 0.0041 and t is time that is 60 put here value we get
=
= 0.01883
so monthly payment is = 28000 × 0.01883
monthly payment is $527
so correct option is B) $527