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1. From this partial advertisement: Used car $93.38 per month for 60 months Cash price $4,200 Down payment $50 a....

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Question

Finance

1. From this partial advertisement:

Used car
$93.38 per month for 60 months
Cash price $4,200
Down payment $50


a. Calculate the amount financed.

b. Calculate the finance charge. (Donot round intermediate calculations. Round your answer to thenearest cent.)

c. Calculate the deferred payment price.(Do not round intermediate calculations. Round your answerto the nearest cent.)

d. Calculate the APR by formula. (Donot round intermediate calculations. Round your answer to thenearest tenth percent.)

e. Calculate the monthly payment (by formula).(Do not round intermediate calculations. Round your answerto the nearest cent.)

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Transcribed Image Text

1. From this partial advertisement:Used car$93.38 per month for 60 monthsCash price $4,200Down payment $50a. Calculate the amount financed.b. Calculate the finance charge. (Donot round intermediate calculations. Round your answer to thenearest cent.)c. Calculate the deferred payment price.(Do not round intermediate calculations. Round your answerto the nearest cent.)d. Calculate the APR by formula. (Donot round intermediate calculations. Round your answer to thenearest tenth percent.)e. Calculate the monthly payment (by formula).(Do not round intermediate calculations. Round your answerto the nearest cent.)

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