You are borrowing $3,162 to purchase a scooter using a 36 month installment plan. Determine the annual percentage rate (APR) and the monthly payment given that the interest charge is $425.13. Round your answer to the nearest whole percent and to the nearest cent.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You are borrowing $3,162 to purchase a scooter using a 36 month installment plan. Determine the annual percentage rate (APR) and the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What are the solutions of the equation - 12x+26 = - (15) - x+2+3?
Answers (1)
Patti's monthly pay is $3461.04. Each month she uses 2/3 of her pay for her household expenses and 1/8 for entertainment. She deposits the rest into her savings account. How much does Patti deposit into her savings account each month?
Answers (1)
2y=x+7 X=y-4 Solve for x and y
Answers (1)
7a/3a+3-5/4a-4=3a/2a+2
Answers (1)
Is the statement true or false?: The inverse is the negation of the conditional. (I think its false, but I'm unsure.)
Answers (1)
New Questions in Mathematics
Estimate 137 638+52 091
Answers (1)
Which of the following is the purpose of a confidence interval for the fitted (predicted value) from a regression model? A) To estimate the value of a future observation for a given value of x.
Answers (1)
Write the answer in simplest form: 3/5 + 2/7 a. 31/35 b. 5/12 c. 1/7 d. 6/35
Answers (1)
The expanded form of - 10 (6-b)
Answers (1)
What is the prime factorization of 256
Answers (2)