Sammi purchased a used car costing $30,000 by taking out 3.5% add-on loan The lo

Question

Sammi purchased a used car costing $30,000 by taking out 3.5% add-on loan The loan requires an 18% down payment and equal monthly payments for 5 years. How much are his monthly payments? Answer a. $595.24 b. $481.75 c. $629.52 d. $496.19

Mariann purchases a kitchen set costing $3,480 by taking out an 12% add-on installment loan. The loan requires a 25% down payment and equal monthly payments for 3 years. How much are Mariann's monthly payments? Answer a. $98.60 b. $92.67 c. $105.33 d. $126.49 Sammi purchased a used car costing $30,000 by taking out 3.5% add-on loan The loan requires an 18% down payment and equal monthly payments for 5 years. How much are his monthly payments? Answer a. $595.24 b. $481.75 c. $629.52 d. $496.19

Mariann purchases a kitchen set costing $3,480 by taking out an 12% add-on installment loan. The loan requires a 25% down payment and equal monthly payments for 3 years. How much are Mariann's monthly payments? Sammi purchased a used car costing $30,000 by taking out 3.5% add-on loan The loan requires an 18% down payment and equal monthly payments for 5 years. How much are his monthly payments? Sammi purchased a used car costing $30,000 by taking out 3.5% add-on loan The loan requires an 18% down payment and equal monthly payments for 5 years. How much are his monthly payments? $595.24 $481.75 $629.52 $496.19

Mariann purchases a kitchen set costing $3,480 by taking out an 12% add-on installment loan. The loan requires a 25% down payment and equal monthly payments for 3 years. How much are Mariann's monthly payments? $98.60 $92.67 $105.33 $126.49 a. $595.24 b. $481.75 c. $629.52 d. $496.19

Explanation / Answer

d.

b. $481.75

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