If she pays off the loan in 36 months what are her monthly, Finance Basics

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If she pays off the loan in 36 months what are her monthly

Emily is buying a new refrigerator for $1,400. The distributor is charging her an annual interest rate of 10.7% and is using the add-on method to compute monthly payments. If she pays off the loan in 36 months, what are her monthly payments? If she makes a down payment of $220, how much will her monthly payments be? Do not round until the final answer. Then, round to the nearest cent.

A: $102.74; $8.07
B: $102.74; $43.30
C: $51.37; $43.30
D: $111.37; $8.07

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Finance Basics: If she pays off the loan in 36 months what are her monthly

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Finance Basics: If she pays off the loan in 36 months what are her monthly

Reference No:- TGS0627276

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: If she pays off the loan in 36 months what are her monthly

Reference No:- TGS0627276

Recent Questions Asked Finance Basics

Q : Draw the logic diagram to implement the following functions

Q : The velocity of a boat with respect to the water is 40 ms

Q : The coffee express has computed its fixed costs to be 034

Q : Determine the magnitude of the impedance in ohms for a 70mh

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Q : The sales price is estimated at 750 per unit plus or minus

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