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4G 44:16 iCloud 15 > Question 5: (20 points) Mr. Mansoor, a graduate bought a...

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Accounting

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4G 44:16 iCloud 15 > Question 5: (20 points) Mr. Mansoor, a graduate bought a new car. (A) The cash price is $ 60,000; he made a $ 5,000 down payment on it. The bank's loan was for 24 months. Finance charges totaled $ 12,000. What was the monthly payment? (8 points) A Cement factory in KSA bought a new (B) equipment. The cash price of the equipment is $ 45,000, putting down $ 12,000 and financing the remainder with 32 monthly payments of $ 1,190 each. Find the APR by table lookup. (8 points) A university graduate bought a new car. (C) The cash price is $ 57,000; he made a $ 4,200 down payment on it. The bank's loan was for 24 months. Finance charges totaled $ 9,800. What was the monthly payment? (Round it to $) (4 points)

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